USAA Federal Savings Bank · Virginia · 2025

USAA Federal Savings Bank in Virginia: approval rate, denial rate and rates (2025)

USAA Federal Savings Bank took 1,168 mortgage applications in Virginia in 2025, ranking #64 of 1,013 lenders active in the state. It originated 41.8% of them and denied 25.7% (37.8% of the applications it decided), against a statewide denial rate of 15.9%.

1.2kApplicationsin VA
37.8%Decision denial ratestate 20.3%
6.25%Median ratestate 6.63%
$405,000Median loanstate $255,000
$207MVolume112 counties

USAA Federal Savings Bank in Virginia vs the state

25.7%Denial rate+9.74 pts vs state
37.8%Decision denial rate+17.58 pts vs state
41.8%Origination rate-17.74 pts vs state
6.25%Median rate-0.38 pts vs state
-0.19Rate spread (pts)-0.41 pts vs state
$151kMedian applicant income
488Loans originated
300Denied

Trend in Virginia

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,04547420.2%6.25%#62
20241,19654621.9%6.50%#58
20251,16848825.7%6.25%#64

What USAA Federal Savings Bank lends in Virginia

By loan purpose

Home purchase 953 82% · 23.1% denied
Refinance 85 7% · 30.6% denied
Cash-out refinance 114 10% · 40.4% denied
Home improvement 8 1% · 37.5% denied
Other / HELOC 8 1% · 62.5% denied

By loan type

Conventional 409 35% · 27.1% denied
VA 759 65% · 24.9% denied

Why it denied Virginia applicants

Incomplete application 141 47%
Debt-to-income ratio 71 24%
Collateral 20 7%
Other 18 6%
Credit history 17 6%
Unverifiable information 17 6%
Insufficient cash 16 5%

Where in Virginia

Counties with the most USAA Federal Savings Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Fairfax County 1103229 26.4%
Prince William County 591916 27.1%
Virginia Beach city 592216 27.1%
Chesterfield County 472015 31.9%
Stafford County 401612 30.0%
Henrico County 38179 23.7%
Norfolk city 37149 24.3%
Loudoun County 35168 22.9%
Hampton city 32138 25.0%
Arlington County 3296 18.8%

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: 1,168 applications in 2025, of which 488 were originated and 300 denied.

25.7% of all applications, or 37.8% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.

The median rate on loans USAA Federal Savings Bank originated in Virginia in 2025 was 6.25%, against a statewide median of 6.63%.

About this data. Figures are USAA 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