Largest lenders in Charlottesville city
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | University of Virginia Community Credit Union | F | 129 | 74 | 20.2% | — |
| 2 | Truist Bank | C | 52 | 32 | 25.0% | 6.42% |
| 3 | Rocket Mortgage | C | 47 | 37 | 14.9% | 6.63% |
| 4 | First Heritage Mortgage | A | 39 | 35 | 2.6% | 6.50% |
| 5 | United Shore Financial Services | B | 31 | 22 | 9.7% | 6.62% |
| 6 | Fulton Bank | C | 30 | 19 | 13.3% | 6.49% |
| 7 | Bank of America | F | 27 | 13 | 14.8% | 5.99% |
| 8 | Navy Federal Credit Union | D | 26 | 16 | 3.9% | 7.63% |
| 9 | Atlantic Coast Mortgage | A | 24 | 17 | 0.0% | 6.25% |
| 10 | NFM | A | 23 | 18 | 0.0% | 6.87% |
| 11 | Virginia Credit Union | D | 23 | 19 | 0.0% | 6.24% |
| 12 | Gray Fox Mortgage | A | 23 | 21 | 0.0% | 6.99% |
| 13 | Atlantic Union Bank | C | 21 | 15 | 19.1% | 7.50% |
| 14 | Ixonia Bank | C | 18 | 15 | 5.6% | 6.63% |
| 15 | Newrez | D | 18 | 4 | 33.3% | 7.94% |
| 16 | First-Citizens Bank & Trust | B | 17 | 7 | 41.2% | 6.10% |
| 17 | Prosperity Home Mortgage | A | 14 | 11 | 0.0% | 6.13% |
| 18 | CMG Mortgage | A | 13 | 7 | 0.0% | 6.63% |
| 19 | Sofi Bank | D | 13 | 2 | 7.7% | 7.28% |
| 20 | Wells Fargo Bank | B | 12 | 4 | 16.7% | 5.94% |
| 21 | First Community Mortgage | A | 12 | 12 | 0.0% | 6.75% |
| 22 | Coastal Community Bank | C | 11 | 0 | 9.1% | — |
| 23 | Capital Center | C | 10 | 3 | 50.0% | 6.00% |
| 24 | Carter Bank & Trust | C | 9 | 7 | 11.1% | 8.25% |
| 25 | Guild Mortgage | A | 8 | 4 | 0.0% | 6.19% |
Best approval odds in Charlottesville city
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | University of Virginia Community Credit Union | 102 | 25.5% |
What Charlottesville city borrowers applied for
By loan purpose
By loan type
Why applications were denied
Charlottesville city by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 817 | 476 | 17.8% | 6.75% | $255,000 |
| 2024 | 874 | 551 | 15.8% | 6.88% | $285,000 |
| 2025 | 993 | 616 | 14.5% | 6.63% | $275,000 |
Frequently asked questions
14.5% of applications in Charlottesville city were denied in 2025, against 15.9% statewide in Virginia.
University of Virginia Community Credit Union, with 129 applications in 2025 and a denial rate of 20.2%.
The median mortgage application in Charlottesville city in 2025 was for $275,000; the median property value on originated loans was $525,000.