Strategic Funding in Virginia vs the state
30.9%Denial rate+14.97 pts vs state
30.9%Decision denial rate+10.66 pts vs state
69.1%Origination rate+9.57 pts vs state
13.50%Median rate+6.88 pts vs state
—Rate spread (pts)
—Median applicant income
114Loans originated
51Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 143 | 92 | 35.0% | 13.50% | #220 |
| 2024 | 172 | 105 | 39.0% | 13.50% | #220 |
| 2025 | 165 | 114 | 30.9% | 13.50% | #227 |
What Strategic Funding lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Strategic Funding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Lynchburg city | 28 | 16 | 12 | 42.9% |
| Danville city | 27 | 24 | 3 | 11.1% |
| Richmond city | 19 | 10 | 9 | 47.4% |
| Petersburg city | 15 | 8 | 7 | 46.7% |
| Pittsylvania County | 10 | 9 | 1 | 10.0% |
| Roanoke city | 9 | 5 | 4 | 44.4% |
| Amherst County | 8 | 7 | 1 | 12.5% |
| Chesterfield County | 5 | 2 | 3 | 60.0% |
| Campbell County | 4 | 4 | 0 | 0.0% |
| Henrico 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: 165 applications in 2025, of which 114 were originated and 51 denied.
30.9% of all applications, or 30.9% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Strategic Funding originated in Virginia in 2025 was 13.50%, against a statewide median of 6.63%.
About this data. Figures are Strategic 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