Sofi Bank in Virginia vs the state
6.9%Denial rate-9.08 pts vs state
17.5%Decision denial rate-2.74 pts vs state
31.8%Origination rate-27.71 pts vs state
7.74%Median rate+1.12 pts vs state
1.79Rate spread (pts)+1.57 pts vs state
$154kMedian applicant income
529Loans originated
114Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 242 | 83 | 16.1% | 6.99% | #167 |
| 2024 | 518 | 220 | 16.6% | 6.75% | #106 |
| 2025 | 1,663 | 529 | 6.9% | 7.74% | #50 |
What Sofi Bank lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Sofi Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Fairfax County | 237 | 65 | 19 | 8.0% |
| Loudoun County | 173 | 51 | 8 | 4.6% |
| Prince William County | 144 | 47 | 5 | 3.5% |
| Chesterfield County | 92 | 33 | 9 | 9.8% |
| Virginia Beach city | 83 | 32 | 4 | 4.8% |
| Henrico County | 51 | 19 | 6 | 11.8% |
| Richmond city | 43 | 13 | 2 | 4.7% |
| Chesapeake city | 43 | 15 | 2 | 4.7% |
| Stafford County | 42 | 12 | 3 | 7.1% |
| Arlington County | 37 | 16 | 2 | 5.4% |
Other large lenders in Virginia
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Navy Federal Credit Union | D | 19,395 | 19.3% | 7.75% |
| Rocket Mortgage | C | 19,274 | 14.8% | 6.63% |
| United Shore Financial Services | B | 13,994 | 10.4% | 6.12% |
| Truist Bank | C | 11,838 | 31.6% | 6.49% |
| Mortgage Research Center | C | 9,000 | 16.7% | 6.25% |
| Pennymac Loan Services | C | 8,334 | 10.7% | 6.38% |
| Freedom Mortgage | B | 8,029 | 6.5% | 6.25% |
| Bank of America | F | 6,584 | 31.9% | 6.24% |
| Newrez | D | 6,390 | 16.4% | 6.38% |
| Movement Mortgage | A | 6,126 | 4.3% | 6.56% |
Frequently asked questions
Virginia: 1,663 applications in 2025, of which 529 were originated and 114 denied.
6.9% of all applications, or 17.5% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Sofi Bank originated in Virginia in 2025 was 7.74%, against a statewide median of 6.63%.
About this data. Figures are Sofi Bank's own HMDA filing for properties located in Virginia, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology