Southern Bank and Trust in Virginia vs the state
18.6%Denial rate+2.66 pts vs state
19.0%Decision denial rate-1.28 pts vs state
74.8%Origination rate+15.29 pts vs state
7.25%Median rate+0.63 pts vs state
0.12Rate spread (pts)-0.10 pts vs state
$183kMedian applicant income
193Loans originated
48Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 212 | 152 | 19.3% | 7.00% | #181 |
| 2024 | 210 | 156 | 19.5% | 7.50% | #196 |
| 2025 | 258 | 193 | 18.6% | 7.25% | #180 |
What Southern Bank and Trust lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Southern Bank and Trust applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Virginia Beach city | 97 | 65 | 26 | 26.8% |
| Norfolk city | 37 | 30 | 7 | 18.9% |
| Suffolk city | 26 | 21 | 3 | 11.5% |
| Chesapeake city | 25 | 20 | 2 | 8.0% |
| Isle of Wight County | 9 | 4 | 3 | 33.3% |
| Portsmouth city | 7 | 6 | 1 | 14.3% |
| Hanover County | 6 | 4 | 1 | 16.7% |
| Newport News city | 5 | 4 | 1 | 20.0% |
| Richmond city | 4 | 4 | 0 | 0.0% |
| Chesterfield County | 4 | 4 | 0 | 0.0% |
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: 258 applications in 2025, of which 193 were originated and 48 denied.
18.6% of all applications, or 19.0% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Southern Bank and Trust originated in Virginia in 2025 was 7.25%, against a statewide median of 6.63%.
About this data. Figures are Southern Bank and Trust'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