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Albemarle County, Virginia · 2025

Mortgage lenders in Albemarle County, VA: denial rates and top lenders (2025)

286 lenders acted on 3,826 mortgage applications for properties in Albemarle County in 2025. 13.6% were denied (Virginia: 15.9%). Median rate on closed loans 6.50%; median loan $305,000; median property value $565,000.

3.8kApplications
13.6%Denial ratestate 15.9%
6.50%Median ratestate 6.63%
$305,000Median loan
$565,000Median property value

Largest lenders in Albemarle County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 University of Virginia Community Credit Union F 522310 17.4%—
2 Rocket Mortgage C 200148 11.0%6.63%
3 Truist Bank C 18692 34.4%6.49%
4 Gray Fox Mortgage A 150132 0.0%6.63%
5 First Heritage Mortgage A 135117 0.7%6.38%
6 United Shore Financial Services B 129103 4.7%6.50%
7 Bank of America F 12766 22.8%5.99%
8 Navy Federal Credit Union D 11758 18.0%6.94%
9 Fulton Bank C 10382 6.8%6.38%
10 Vanderbilt Mortgage and Finance F 733 42.5%10.25%
11 Atlantic Union Bank C 6844 32.4%7.50%
12 Pennymac Loan Services C 6538 12.3%7.44%
13 CMG Mortgage A 6348 1.6%6.63%
14 Newrez D 5826 5.2%6.99%
15 Atlantic Coast Mortgage A 5646 0.0%6.49%
16 First-Citizens Bank & Trust B 5126 25.5%6.50%
17 Freedom Mortgage B 4822 2.1%5.93%
18 Virginia Credit Union D 4732 12.8%6.24%
19 Prosperity Home Mortgage A 4630 4.4%6.31%
20 Capital Center C 4633 6.5%6.00%
21 JPMorgan Chase Bank B 4231 0.0%6.25%
22 Ixonia Bank C 3930 5.1%6.56%
23 Wells Fargo Bank B 3824 5.3%6.25%
24 Guild Mortgage A 3826 2.6%6.63%
25 NFM A 3529 0.0%6.63%

Best approval odds in Albemarle County

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

#LenderDecidedDecision denial rate
1Gray Fox Mortgage1320.0%
2First Heritage Mortgage1180.9%
3CMG Mortgage512.0%
4United Shore Financial Services1105.5%
5Fulton Bank907.8%
6Rocket Mortgage17512.6%
7University of Virginia Community Credit Union40822.3%
8Navy Federal Credit Union8026.3%
9Bank of America9630.2%
10Atlantic Union Bank6633.3%

What Albemarle County borrowers applied for

By loan purpose

Home purchase 1,733 45% · 5.7% denied
Refinance 637 17% · 11.0% denied
Cash-out refinance 467 12% · 17.1% denied
Home improvement 484 13% · 27.7% denied
Other / HELOC 505 13% · 27.3% denied

By loan type

Conventional 3,345 87% · 13.6% denied
FHA 182 5% · 18.7% denied
VA 297 8% · 10.4% denied
USDA / RHS 2 0% · 0.0% denied

Why applications were denied

Debt-to-income ratio 135 31%
Credit history 86 20%
Incomplete application 80 19%
Collateral 53 12%
Other 36 8%
Unverifiable information 28 7%
Insufficient cash 9 2%
Employment history 2 0%
Mortgage insurance denied 1 0%

Albemarle County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20233,2092,04414.3%6.62%$295,000
20243,5192,15016.2%6.87%$285,000
20253,8262,37313.6%6.50%$305,000

Frequently asked questions

13.6% of applications in Albemarle County were denied in 2025, against 15.9% statewide in Virginia.

University of Virginia Community Credit Union, with 522 applications in 2025 and a denial rate of 17.4%.

The median mortgage application in Albemarle County in 2025 was for $305,000; the median property value on originated loans was $565,000.