Velocity Commercial Capital in Virginia vs the state
1.3%Denial rate-14.67 pts vs state
2.2%Decision denial rate-18.05 pts vs state
54.8%Origination rate-4.74 pts vs state
9.87%Median rate+3.24 pts vs state
—Rate spread (pts)
—Median applicant income
86Loans originated
2Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 88 | 46 | 0.0% | 10.80% | #280 |
| 2024 | 98 | 54 | 1.0% | 10.74% | #283 |
| 2025 | 157 | 86 | 1.3% | 9.87% | #234 |
What Velocity Commercial Capital lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Velocity Commercial Capital applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Richmond city | 31 | 11 | 1 | 3.2% |
| Norfolk city | 18 | 8 | 0 | 0.0% |
| Portsmouth city | 14 | 14 | 0 | 0.0% |
| Petersburg city | 12 | 6 | 0 | 0.0% |
| Newport News city | 12 | 10 | 0 | 0.0% |
| Hampton city | 8 | 4 | 0 | 0.0% |
| Chesapeake city | 6 | 4 | 1 | 16.7% |
| Virginia Beach city | 6 | 4 | 0 | 0.0% |
| Roanoke city | 6 | 3 | 0 | 0.0% |
| Prince William County | 5 | 2 | 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: 157 applications in 2025, of which 86 were originated and 2 denied.
1.3% of all applications, or 2.2% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Velocity Commercial Capital originated in Virginia in 2025 was 9.87%, against a statewide median of 6.63%.
About this data. Figures are Velocity Commercial Capital'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