Waterstone Mortgage in Virginia vs the state
5.5%Denial rate-10.40 pts vs state
6.9%Decision denial rate-13.32 pts vs state
74.2%Origination rate+14.65 pts vs state
6.63%Median rate0.00 pts vs state
0.41Rate spread (pts)+0.19 pts vs state
$87kMedian applicant income
402Loans originated
30Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 422 | 323 | 5.9% | 6.75% | #117 |
| 2024 | 527 | 369 | 7.0% | 6.75% | #103 |
| 2025 | 542 | 402 | 5.5% | 6.63% | #109 |
What Waterstone Mortgage lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Waterstone Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Montgomery County | 45 | 28 | 6 | 13.3% |
| Giles County | 41 | 31 | 2 | 4.9% |
| Bedford County | 34 | 27 | 2 | 5.9% |
| Pulaski County | 32 | 26 | 0 | 0.0% |
| Roanoke city | 29 | 18 | 6 | 20.7% |
| Roanoke County | 19 | 10 | 5 | 26.3% |
| Fairfax County | 19 | 15 | 0 | 0.0% |
| Louisa County | 17 | 14 | 0 | 0.0% |
| Radford city | 16 | 12 | 0 | 0.0% |
| Loudoun County | 14 | 13 | 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: 542 applications in 2025, of which 402 were originated and 30 denied.
5.5% of all applications, or 6.9% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Waterstone Mortgage originated in Virginia in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are Waterstone 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