The Federal Savings Bank in Virginia vs the state
7.7%Denial rate-8.22 pts vs state
15.1%Decision denial rate-5.17 pts vs state
42.7%Origination rate-16.80 pts vs state
6.50%Median rate-0.13 pts vs state
0.24Rate spread (pts)+0.02 pts vs state
$102kMedian applicant income
437Loans originated
79Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,086 | 447 | 9.5% | 6.50% | #61 |
| 2024 | 988 | 435 | 6.8% | 6.50% | #78 |
| 2025 | 1,023 | 437 | 7.7% | 6.50% | #74 |
What The Federal Savings Bank lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most The Federal Savings Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Virginia Beach city | 86 | 34 | 6 | 7.0% |
| Prince William County | 67 | 30 | 5 | 7.5% |
| Stafford County | 53 | 20 | 3 | 5.7% |
| Chesapeake city | 53 | 21 | 4 | 7.5% |
| Fairfax County | 53 | 25 | 3 | 5.7% |
| Chesterfield County | 53 | 16 | 7 | 13.2% |
| Norfolk city | 51 | 14 | 3 | 5.9% |
| Hampton city | 38 | 16 | 4 | 10.5% |
| Newport News city | 34 | 11 | 2 | 5.9% |
| Spotsylvania County | 28 | 12 | 4 | 14.3% |
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: 1,023 applications in 2025, of which 437 were originated and 79 denied.
7.7% of all applications, or 15.1% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans The Federal Savings Bank originated in Virginia in 2025 was 6.50%, against a statewide median of 6.63%.
About this data. Figures are The Federal Savings Bank'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