Tidewater Mortgage Services · Virginia · 2025

Tidewater Mortgage Services in Virginia: approval rate, denial rate and rates (2025)

Tidewater Mortgage Services took 1,065 mortgage applications in Virginia in 2025, ranking #70 of 1,013 lenders active in the state. It originated 66.5% of them and denied 5.5% (7.6% of the applications it decided), against a statewide denial rate of 15.9%.

1.1kApplicationsin VA
7.6%Decision denial ratestate 20.3%
6.50%Median ratestate 6.63%
$305,000Median loanstate $255,000
$233MVolume70 counties

Tidewater Mortgage Services in Virginia vs the state

5.5%Denial rate-10.49 pts vs state
7.6%Decision denial rate-12.68 pts vs state
66.5%Origination rate+6.96 pts vs state
6.50%Median rate-0.13 pts vs state
0.22Rate spread (pts)0.00 pts vs state
$97kMedian applicant income
708Loans originated
58Denied

Trend in Virginia

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,1358985.1%6.75%#56
20241,0017703.8%6.50%#75
20251,0657085.5%6.50%#70

What Tidewater Mortgage Services lends in Virginia

By loan purpose

Home purchase 954 90% · 5.2% denied
Refinance 53 5% · 9.4% denied
Cash-out refinance 52 5% · 5.8% denied
Home improvement 6 1% · 0.0% denied

By loan type

Conventional 426 40% · 4.9% denied
FHA 369 35% · 7.9% denied
VA 256 24% · 3.1% denied
USDA / RHS 14 1% · 0.0% denied

Why it denied Virginia applicants

Debt-to-income ratio 28 48%
Credit history 10 17%
Employment history 7 12%
Collateral 6 10%
Other 3 5%
Unverifiable information 2 3%
Insufficient cash 2 3%

Where in Virginia

Counties with the most Tidewater Mortgage Services applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Virginia Beach city 1961408 4.1%
Suffolk city 98666 6.1%
Chesapeake city 95742 2.1%
Hampton city 85635 5.9%
Norfolk city 64472 3.1%
Accomack County 572810 17.5%
Portsmouth city 43274 9.3%
Chesterfield County 38270 0.0%
Newport News city 36232 5.6%
Caroline County 26146 23.1%

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: 1,065 applications in 2025, of which 708 were originated and 58 denied.

5.5% of all applications, or 7.6% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.

The median rate on loans Tidewater Mortgage Services originated in Virginia in 2025 was 6.50%, against a statewide median of 6.63%.

About this data. Figures are Tidewater Mortgage Services'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