Largest lenders in Charlotte County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Vanderbilt Mortgage and Finance | F | 60 | 7 | 50.0% | 9.25% |
| 2 | Rocket Mortgage | C | 25 | 16 | 28.0% | 6.12% |
| 3 | The Bank of Charlotte County | – | 17 | 14 | 11.8% | 7.39% |
| 4 | Truist Bank | C | 15 | 8 | 46.7% | 6.30% |
| 5 | Benchmark Community Bank | C | 15 | 12 | 13.3% | 7.17% |
| 6 | Virginia Credit Union | D | 13 | 11 | 7.7% | 6.38% |
| 7 | Crosscountry Mortgage | B | 12 | 5 | 8.3% | 5.99% |
| 8 | Mortgage Research Center | C | 10 | 4 | 10.0% | 6.69% |
| 9 | Alcova Mortgage | A | 8 | 6 | 0.0% | 6.94% |
| 10 | 21st Mortgage | F | 7 | 1 | 28.6% | 9.97% |
| 11 | Atlantic Bay Mortgage Group | A | 6 | 6 | 0.0% | 6.43% |
| 12 | The Farmers Bank of Appomattox | A | 6 | 5 | 16.7% | — |
| 13 | United Shore Financial Services | B | 6 | 5 | 16.7% | 6.63% |
| 14 | Guild Mortgage | A | 6 | 1 | 33.3% | 6.75% |
| 15 | First-Citizens Bank & Trust | B | 5 | 1 | 20.0% | 7.24% |
| 16 | AmeriSave Mortgage | D | 5 | 1 | 80.0% | 5.25% |
| 17 | Calcon Mutual Mortgage | D | 5 | 4 | 20.0% | 6.31% |
What Charlotte County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Charlotte County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 237 | 99 | 30.0% | 7.13% | $125,000 |
| 2024 | 288 | 148 | 24.3% | 6.99% | $125,000 |
| 2025 | 336 | 159 | 24.4% | 6.88% | $135,000 |
Frequently asked questions
24.4% of applications in Charlotte County were denied in 2025, against 15.9% statewide in Virginia.
Vanderbilt Mortgage and Finance, with 60 applications in 2025 and a denial rate of 50.0%.
The median mortgage application in Charlotte County in 2025 was for $135,000; the median property value on originated loans was $235,000.