The Union Bank · Virginia · 2025

The Union Bank in Virginia: approval rate, denial rate and rates (2025)

The Union Bank took 6 mortgage applications in Virginia in 2025, ranking #638 of 1,013 lenders active in the state. It originated 66.7% of them and denied 16.7% (20.0% of the applications it decided), against a statewide denial rate of 15.9%.

6Applicationsin VA
20.0%Decision denial ratestate 20.3%
Median ratestate 6.63%
$405,000Median loanstate $255,000
$1.5MVolume5 counties

The Union Bank in Virginia vs the state

16.7%Denial rate+0.73 pts vs state
20.0%Decision denial rate-0.25 pts vs state
66.7%Origination rate+7.15 pts vs state
Median rate
Rate spread (pts)
$127kMedian applicant income
4Loans originated
1Denied

Trend in Virginia

YearApplicationsOriginatedDenial rateMedian rateRank in state
20238050.0%#596
20246333.3%6.75%#619
20256416.7%#638

What The Union Bank lends in Virginia

By loan purpose

Refinance 1 17% · 0.0% denied
Cash-out refinance 5 83% · 20.0% denied

By loan type

Conventional 2 33% · 0.0% denied
FHA 2 33% · 0.0% denied
VA 2 33% · 50.0% denied

Where in Virginia

Counties with the most The Union Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Stafford County 211 50.0%
York County 110 0.0%
Arlington County 110 0.0%
Bedford County 110 0.0%
Fairfax County 100 0.0%

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: 6 applications in 2025, of which 4 were originated and 1 denied.

16.7% of all applications, or 20.0% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are The Union 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