The Loan Store · Virginia · 2025

The Loan Store in Virginia: approval rate, denial rate and rates (2025)

The Loan Store took 814 mortgage applications in Virginia in 2025, ranking #89 of 1,013 lenders active in the state. It originated 67.0% of them and denied 11.2% (12.4% of the applications it decided), against a statewide denial rate of 15.9%.

814Applicationsin VA
12.4%Decision denial ratestate 20.3%
6.88%Median ratestate 6.63%
$245,000Median loanstate $255,000
$166MVolume87 counties

The Loan Store in Virginia vs the state

11.2%Denial rate-4.76 pts vs state
12.4%Decision denial rate-7.89 pts vs state
67.0%Origination rate+7.43 pts vs state
6.88%Median rate+0.25 pts vs state
0.59Rate spread (pts)+0.37 pts vs state
$132kMedian applicant income
545Loans originated
91Denied

Trend in Virginia

YearApplicationsOriginatedDenial rateMedian rateRank in state
202437021812.4%6.88%#135
202581454511.2%6.88%#89

What The Loan Store lends in Virginia

By loan purpose

Home purchase 381 47% · 5.8% denied
Refinance 54 7% · 7.4% denied
Cash-out refinance 109 13% · 8.3% denied
Home improvement 103 13% · 18.5% denied
Other / HELOC 167 21% · 22.2% denied

By loan type

Conventional 732 90% · 11.1% denied
FHA 56 7% · 14.3% denied
VA 25 3% · 8.0% denied
USDA / RHS 1 0% · 0.0% denied

Why it denied Virginia applicants

Debt-to-income ratio 38 42%
Incomplete application 18 20%
Other 14 15%
Collateral 9 10%
Credit history 7 8%
Insufficient cash 3 3%
Employment history 2 2%

Where in Virginia

Counties with the most The Loan Store applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Chesterfield County 1097512 11.0%
Fairfax County 89589 10.1%
Henrico County 65516 9.2%
Prince William County 64367 10.9%
Virginia Beach city 48362 4.2%
Loudoun County 48339 18.8%
Richmond city 40283 7.5%
Norfolk city 22150 0.0%
Chesapeake city 20172 10.0%
Newport News city 19123 15.8%

Other large lenders in Virginia

LenderGradeApplicationsDenial rateMedian rate
Navy Federal Credit UnionD 19,39519.3%7.75%
Rocket MortgageC 19,27414.8%6.63%
United Shore Financial ServicesB 13,99410.4%6.12%
Truist BankC 11,83831.6%6.49%
Mortgage Research CenterC 9,00016.7%6.25%
Pennymac Loan ServicesC 8,33410.7%6.38%
Freedom MortgageB 8,0296.5%6.25%
Bank of AmericaF 6,58431.9%6.24%
NewrezD 6,39016.4%6.38%
Movement MortgageA 6,1264.3%6.56%

Frequently asked questions

Virginia: 814 applications in 2025, of which 545 were originated and 91 denied.

11.2% of all applications, or 12.4% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.

The median rate on loans The Loan Store originated in Virginia in 2025 was 6.88%, against a statewide median of 6.63%.

About this data. Figures are The Loan Store'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