T2 Financial in Virginia vs the state
1.0%Denial rate-14.91 pts vs state
1.1%Decision denial rate-19.15 pts vs state
85.9%Origination rate+26.34 pts vs state
6.50%Median rate-0.13 pts vs state
0.21Rate spread (pts)-0.01 pts vs state
$107kMedian applicant income
334Loans originated
4Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 106 | 75 | 8.5% | 6.88% | #257 |
| 2024 | 282 | 237 | 2.5% | 6.75% | #165 |
| 2025 | 389 | 334 | 1.0% | 6.50% | #132 |
What T2 Financial lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most T2 Financial applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Virginia Beach city | 48 | 42 | 0 | 0.0% |
| Lynchburg city | 38 | 31 | 0 | 0.0% |
| Chesapeake city | 37 | 32 | 0 | 0.0% |
| Bedford County | 26 | 18 | 0 | 0.0% |
| Campbell County | 21 | 18 | 0 | 0.0% |
| Fairfax County | 19 | 17 | 0 | 0.0% |
| Norfolk city | 19 | 18 | 1 | 5.3% |
| Newport News city | 18 | 18 | 0 | 0.0% |
| Suffolk city | 15 | 13 | 0 | 0.0% |
| Isle of Wight County | 14 | 14 | 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: 389 applications in 2025, of which 334 were originated and 4 denied.
1.0% of all applications, or 1.1% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans T2 Financial originated in Virginia in 2025 was 6.50%, against a statewide median of 6.63%.
About this data. Figures are T2 Financial'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