Southern Trust Mortgage in Virginia vs the state
3.8%Denial rate-12.11 pts vs state
5.0%Decision denial rate-15.26 pts vs state
72.4%Origination rate+12.90 pts vs state
6.50%Median rate-0.13 pts vs state
0.18Rate spread (pts)-0.04 pts vs state
$100kMedian applicant income
1,342Loans originated
71Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,826 | 1,387 | 3.9% | 6.63% | #39 |
| 2024 | 2,056 | 1,488 | 3.9% | 6.63% | #40 |
| 2025 | 1,853 | 1,342 | 3.8% | 6.50% | #46 |
What Southern Trust Mortgage lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Southern Trust Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Virginia Beach city | 454 | 328 | 17 | 3.7% |
| Chesapeake city | 230 | 168 | 8 | 3.5% |
| Norfolk city | 212 | 160 | 5 | 2.4% |
| Chesterfield County | 144 | 108 | 2 | 1.4% |
| Suffolk city | 144 | 113 | 6 | 4.2% |
| Portsmouth city | 124 | 87 | 11 | 8.9% |
| Hampton city | 82 | 57 | 2 | 2.4% |
| Newport News city | 73 | 53 | 8 | 11.0% |
| Henrico County | 64 | 44 | 0 | 0.0% |
| Richmond city | 36 | 26 | 1 | 2.8% |
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: 1,853 applications in 2025, of which 1,342 were originated and 71 denied.
3.8% of all applications, or 5.0% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Southern Trust Mortgage originated in Virginia in 2025 was 6.50%, against a statewide median of 6.63%.
About this data. Figures are Southern Trust Mortgage'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