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Caroline County, Virginia · 2025

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

204 lenders acted on 2,134 mortgage applications for properties in Caroline County in 2025. 18.6% were denied (Virginia: 15.9%). Median rate on closed loans 6.50%; median loan $275,000; median property value $375,000.

2.1kApplications
18.6%Denial ratestate 15.9%
6.50%Median ratestate 6.63%
$275,000Median loan
$375,000Median property value

Largest lenders in Caroline County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Rocket Mortgage C 153114 16.3%6.63%
2 NVR Mortgage Finance B 13494 20.9%6.25%
3 Navy Federal Credit Union D 11242 33.9%8.10%
4 Loandepot.Com D 10267 15.7%5.63%
5 Movement Mortgage A 9870 3.1%6.50%
6 United Shore Financial Services B 9065 7.8%6.11%
7 Atlantic Union Bank C 7645 31.6%7.50%
8 Pennymac Loan Services C 7240 9.7%6.50%
9 Vanderbilt Mortgage and Finance F 654 38.5%9.75%
10 Virginia Credit Union D 5431 22.2%6.24%
11 Freedom Mortgage B 4324 7.0%6.13%
12 Atlantic Coast Mortgage A 4335 4.7%6.38%
13 Mortgage Research Center C 3617 13.9%6.25%
14 Homeamerican Mortgage A 3525 2.9%5.25%
15 Truist Bank C 3014 43.3%6.66%
16 Fairway Independent Mortgage B 2717 11.1%6.63%
17 Newrez D 276 25.9%5.87%
18 Coastal Community Bank C 275 0.0%14.74%
19 Tidewater Mortgage Services C 2614 23.1%6.31%
20 Nationstar Mortgage C 2418 12.5%6.75%
21 Bank of America F 228 36.4%6.31%
22 Figure Lending C 2212 27.3%9.05%
23 Carrington Mortgage Services D 209 20.0%5.88%
24 Lakeview Loan Servicing C 205 55.0%6.75%
25 Summit Funding C 2016 5.0%6.56%

Best approval odds in Caroline County

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

#LenderDecidedDecision denial rate
1Movement Mortgage823.7%
2United Shore Financial Services769.2%
3Rocket Mortgage14117.7%
4Loandepot.Com8319.3%
5NVR Mortgage Finance12223.0%
6Atlantic Union Bank6934.8%
7Navy Federal Credit Union8246.3%

What Caroline County borrowers applied for

By loan purpose

Home purchase 972 46% · 13.3% denied
Refinance 324 15% · 16.4% denied
Cash-out refinance 398 19% · 18.8% denied
Home improvement 171 8% · 35.7% denied
Other / HELOC 269 13% · 29.4% denied

By loan type

Conventional 1,168 55% · 21.6% denied
FHA 595 28% · 16.5% denied
VA 342 16% · 12.9% denied
USDA / RHS 29 1% · 10.3% denied

Why applications were denied

Credit history 119 30%
Debt-to-income ratio 118 30%
Collateral 45 11%
Incomplete application 38 10%
Other 37 9%
Unverifiable information 20 5%
Insufficient cash 14 4%
Employment history 5 1%

Caroline County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20231,73792224.7%6.75%$245,000
20242,0341,11021.5%6.63%$255,000
20252,1341,24518.6%6.50%$275,000

Frequently asked questions

18.6% of applications in Caroline County were denied in 2025, against 15.9% statewide in Virginia.

Rocket Mortgage, with 153 applications in 2025 and a denial rate of 16.3%.

The median mortgage application in Caroline County in 2025 was for $275,000; the median property value on originated loans was $375,000.