Southwest Stage Funding in Virginia vs the state
3.6%Denial rate-12.39 pts vs state
11.0%Decision denial rate-9.26 pts vs state
16.0%Origination rate-43.56 pts vs state
6.88%Median rate+0.25 pts vs state
0.77Rate spread (pts)+0.55 pts vs state
$71kMedian applicant income
45Loans originated
10Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 111 | 81 | 22.5% | 6.90% | #248 |
| 2024 | 208 | 66 | 8.7% | 6.38% | #198 |
| 2025 | 282 | 45 | 3.6% | 6.88% | #172 |
What Southwest Stage Funding lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Southwest Stage Funding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Washington County | 14 | 2 | 0 | 0.0% |
| Franklin County | 13 | 5 | 0 | 0.0% |
| Russell County | 11 | 0 | 0 | 0.0% |
| Louisa County | 7 | 3 | 0 | 0.0% |
| Scott County | 7 | 1 | 0 | 0.0% |
| Wise County | 7 | 1 | 0 | 0.0% |
| Bedford County | 6 | 0 | 1 | 16.7% |
| Montgomery County | 6 | 1 | 0 | 0.0% |
| Nelson County | 6 | 1 | 0 | 0.0% |
| Patrick County | 6 | 0 | 1 | 16.7% |
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: 282 applications in 2025, of which 45 were originated and 10 denied.
3.6% of all applications, or 11.0% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Southwest Stage Funding originated in Virginia in 2025 was 6.88%, against a statewide median of 6.63%.
About this data. Figures are Southwest Stage Funding'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