Vellum Mortgage in Virginia vs the state
3.3%Denial rate-12.67 pts vs state
3.9%Decision denial rate-16.35 pts vs state
80.4%Origination rate+20.85 pts vs state
6.62%Median rate0.00 pts vs state
0.16Rate spread (pts)-0.07 pts vs state
$136kMedian applicant income
393Loans originated
16Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 388 | 320 | 4.1% | 6.63% | #122 |
| 2024 | 438 | 372 | 0.9% | 6.63% | #119 |
| 2025 | 489 | 393 | 3.3% | 6.62% | #114 |
What Vellum Mortgage lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Vellum Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Fairfax County | 130 | 109 | 3 | 2.3% |
| Prince William County | 96 | 69 | 4 | 4.2% |
| Loudoun County | 34 | 31 | 1 | 2.9% |
| Stafford County | 28 | 22 | 2 | 7.1% |
| Alexandria city | 26 | 21 | 2 | 7.7% |
| Arlington County | 25 | 20 | 2 | 8.0% |
| Spotsylvania County | 22 | 13 | 1 | 4.5% |
| Manassas city | 15 | 14 | 0 | 0.0% |
| Culpeper County | 12 | 10 | 0 | 0.0% |
| Rockingham County | 9 | 8 | 0 | 0.0% |
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: 489 applications in 2025, of which 393 were originated and 16 denied.
3.3% of all applications, or 3.9% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Vellum Mortgage originated in Virginia in 2025 was 6.62%, against a statewide median of 6.63%.
About this data. Figures are Vellum Mortgage'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