Wells Fargo Bank in Virginia vs the state
16.2%Denial rate+0.24 pts vs state
22.4%Decision denial rate+2.13 pts vs state
55.9%Origination rate-3.67 pts vs state
6.38%Median rate-0.25 pts vs state
0.04Rate spread (pts)-0.18 pts vs state
$112kMedian applicant income
1,270Loans originated
368Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 3,490 | 1,880 | 21.2% | 6.00% | #16 |
| 2024 | 2,397 | 1,190 | 20.7% | 6.38% | #32 |
| 2025 | 2,274 | 1,270 | 16.2% | 6.38% | #38 |
What Wells Fargo Bank lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Wells Fargo Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Fairfax County | 288 | 162 | 40 | 13.9% |
| Chesterfield County | 156 | 91 | 26 | 16.7% |
| Virginia Beach city | 132 | 69 | 21 | 15.9% |
| Henrico County | 119 | 58 | 22 | 18.5% |
| Prince William County | 95 | 51 | 13 | 13.7% |
| Loudoun County | 94 | 53 | 19 | 20.2% |
| Chesapeake city | 73 | 37 | 15 | 20.5% |
| Arlington County | 67 | 44 | 4 | 6.0% |
| Richmond city | 66 | 35 | 13 | 19.7% |
| Alexandria city | 51 | 33 | 5 | 9.8% |
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: 2,274 applications in 2025, of which 1,270 were originated and 368 denied.
16.2% of all applications, or 22.4% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Wells Fargo Bank originated in Virginia in 2025 was 6.38%, against a statewide median of 6.63%.
About this data. Figures are Wells Fargo 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