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Chesapeake city, Virginia · 2025

Mortgage lenders in Chesapeake city, VA: denial rates and top lenders (2025)

323 lenders acted on 12,787 mortgage applications for properties in Chesapeake city in 2025. 14.6% were denied (Virginia: 15.9%). Median rate on closed loans 6.50%; median loan $285,000; median property value $435,000.

13kApplications
14.6%Denial ratestate 15.9%
6.50%Median ratestate 6.63%
$285,000Median loan
$435,000Median property value

Largest lenders in Chesapeake city

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Navy Federal Credit Union D 1,476753 19.6%7.95%
2 Mortgage Research Center C 728390 13.9%6.25%
3 United Shore Financial Services B 688486 10.5%5.97%
4 Rocket Mortgage C 650494 11.9%6.75%
5 Freedom Mortgage B 594281 6.2%6.25%
6 American Neighborhood Mortgage Acceptance Company B 472377 2.8%6.50%
7 Newrez D 361141 10.5%6.25%
8 Pennymac Loan Services C 360191 9.4%6.25%
9 Atlantic Bay Mortgage Group A 322267 2.5%6.49%
10 Newport News Shipbuilding Employees Credit Union, Inc. DBA Bayport Credit Union C 311197 12.9%7.50%
11 Movement Mortgage A 309220 4.5%6.56%
12 LANGLEY Federal Credit Union C 261193 21.5%7.13%
13 Southern Trust Mortgage B 230168 3.5%6.50%
14 Towne Bank B 222176 9.0%6.99%
15 Chartway Federal Credit Union B 221133 24.0%2.99%
16 Truist Bank C 203114 31.0%6.75%
17 Bank of America F 18266 39.6%6.49%
18 Loandepot.Com D 15094 27.3%7.13%
19 Calcon Mutual Mortgage D 149120 2.7%6.25%
20 Crosscountry Mortgage B 141103 3.6%6.49%
21 ABNB Federal Credit Union D 14172 35.5%7.24%
22 Spring Eq D 12845 48.4%9.93%
23 Atlantic Coast Mortgage A 128103 4.7%6.49%
24 Coastal Community Bank C 12128 1.7%10.87%
25 Lakeview Loan Servicing C 11424 55.3%6.06%

Best approval odds in Chesapeake city

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

#LenderDecidedDecision denial rate
1Towne Mortgage550.0%
2Archer Mortgage591.7%
3Coastal Community Bank982.0%
4Tidewater Mortgage Services762.6%
5Atlantic Bay Mortgage Group2812.9%
6Calcon Mutual Mortgage1243.2%
7American Neighborhood Mortgage Acceptance Company3913.3%
8Advance Financial Group783.9%
9Crosscountry Mortgage1114.5%
10Southern Trust Mortgage1774.5%

What Chesapeake city borrowers applied for

By loan purpose

Home purchase 4,863 38% · 5.5% denied
Refinance 2,383 19% · 11.7% denied
Cash-out refinance 2,487 19% · 19.3% denied
Home improvement 1,347 11% · 25.8% denied
Other / HELOC 1,707 13% · 28.8% denied

By loan type

Conventional 6,974 55% · 18.4% denied
FHA 1,388 11% · 15.4% denied
VA 4,425 35% · 8.4% denied

Why applications were denied

Debt-to-income ratio 545 29%
Credit history 487 26%
Incomplete application 280 15%
Other 250 13%
Collateral 193 10%
Unverifiable information 68 4%
Insufficient cash 32 2%
Employment history 9 0%

Chesapeake city by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20239,9615,85618.4%6.75%$235,000
202411,4736,78816.5%6.63%$265,000
202512,7877,63914.6%6.50%$285,000

Frequently asked questions

14.6% of applications in Chesapeake city were denied in 2025, against 15.9% statewide in Virginia.

Navy Federal Credit Union, with 1,476 applications in 2025 and a denial rate of 19.6%.

The median mortgage application in Chesapeake city in 2025 was for $285,000; the median property value on originated loans was $435,000.