Largest lenders in Botetourt County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Rocket Mortgage | C | 101 | 82 | 11.9% | 6.63% |
| 2 | Virginia Credit Union | D | 87 | 63 | 23.0% | 6.24% |
| 3 | FREEDOM FIRST Federal Credit Union | C | 63 | 46 | 12.7% | 6.69% |
| 4 | Bank of Botetourt | A | 57 | 46 | 1.8% | — |
| 5 | Truist Bank | C | 52 | 35 | 28.9% | 7.25% |
| 6 | Alcova Mortgage | A | 46 | 41 | 4.4% | 6.75% |
| 7 | Atlantic Bay Mortgage Group | A | 42 | 37 | 2.4% | 6.49% |
| 8 | Calcon Mutual Mortgage | D | 34 | 15 | 2.9% | 4.88% |
| 9 | Vanderbilt Mortgage and Finance | F | 34 | 2 | 29.4% | 9.38% |
| 10 | United Shore Financial Services | B | 32 | 21 | 9.4% | 5.88% |
| 11 | Newrez | D | 32 | 11 | 18.8% | 6.25% |
| 12 | Unnamed lender 254900WAGGUGSFXUZ903 | – | 31 | 24 | 6.5% | 5.38% |
| 13 | Pennymac Loan Services | C | 28 | 14 | 17.9% | 7.31% |
| 14 | First Bank | C | 28 | 15 | 21.4% | — |
| 15 | First Reliance Bank | A | 27 | 25 | 0.0% | 6.63% |
| 16 | Atlantic Union Bank | C | 25 | 22 | 4.0% | 7.50% |
| 17 | Freedom Mortgage | B | 25 | 7 | 8.0% | 6.25% |
| 18 | Blue Eagle Credit Union | C | 22 | 18 | 9.1% | 5.88% |
| 19 | Mortgage Research Center | C | 22 | 8 | 22.7% | 6.25% |
| 20 | Navy Federal Credit Union | D | 22 | 11 | 13.6% | 7.65% |
| 21 | First-Citizens Bank & Trust | B | 21 | 16 | 19.1% | 6.57% |
| 22 | Movement Mortgage | A | 21 | 17 | 0.0% | 6.63% |
| 23 | AmeriSave Mortgage | D | 19 | 6 | 52.6% | 8.31% |
| 24 | Swbc Mortgage | A | 17 | 17 | 0.0% | 6.75% |
| 25 | Integrity Home Mortgage | B | 17 | 13 | 5.9% | 6.75% |
Best approval odds in Botetourt County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Rocket Mortgage | 94 | 12.8% |
| 2 | FREEDOM FIRST Federal Credit Union | 57 | 14.0% |
| 3 | Virginia Credit Union | 84 | 23.8% |
| 4 | Truist Bank | 51 | 29.4% |
What Botetourt County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Botetourt County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 1,153 | 704 | 19.3% | 6.88% | $155,000 |
| 2024 | 1,252 | 758 | 17.6% | 6.75% | $175,000 |
| 2025 | 1,404 | 896 | 14.4% | 6.63% | $205,000 |
Frequently asked questions
14.4% of applications in Botetourt County were denied in 2025, against 15.9% statewide in Virginia.
Rocket Mortgage, with 101 applications in 2025 and a denial rate of 11.9%.
The median mortgage application in Botetourt County in 2025 was for $205,000; the median property value on originated loans was $395,000.