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Chesterfield County, Virginia · 2025

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

441 lenders acted on 17,531 mortgage applications for properties in Chesterfield County in 2025. 14.7% were denied (Virginia: 15.9%). Median rate on closed loans 6.50%; median loan $275,000; median property value $425,000.

18kApplications
14.7%Denial ratestate 15.9%
6.50%Median ratestate 6.63%
$275,000Median loan
$425,000Median property value

Largest lenders in Chesterfield County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Rocket Mortgage C 1,133872 13.7%6.75%
2 Virginia Credit Union D 959688 12.5%6.24%
3 United Shore Financial Services B 782566 11.3%6.13%
4 Navy Federal Credit Union D 627319 15.3%7.90%
5 Truist Bank C 616323 30.8%6.50%
6 NVR Mortgage Finance B 534363 18.5%5.88%
7 Pennymac Loan Services C 517274 10.6%6.62%
8 Capital Center C 482318 11.0%6.38%
9 Freedom Mortgage B 458215 5.9%6.25%
10 Bank of America F 373180 29.5%6.24%
11 Newrez D 366141 15.0%6.38%
12 First Heritage Mortgage A 314245 4.5%6.50%
13 C & F Mortgage A 314258 1.0%6.62%
14 Mortgage Research Center C 290122 18.6%6.25%
15 Loandepot.Com D 239138 18.8%6.88%
16 Movement Mortgage A 237164 7.6%6.50%
17 Atlantic Union Bank C 234164 22.7%7.50%
18 Coastal Community Bank C 21667 2.3%10.24%
19 Towne Bank B 203159 7.4%6.63%
20 Prosperity Home Mortgage A 199160 6.0%6.50%
21 Alcova Mortgage A 198176 1.5%6.63%
22 Spring Eq D 19659 50.0%9.28%
23 U.S. Bank D 183128 12.6%6.38%
24 AmeriSave Mortgage D 16953 57.4%8.13%
25 Crosscountry Mortgage B 166113 6.0%6.88%

Best approval odds in Chesterfield County

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

#LenderDecidedDecision denial rate
1NFM1031.0%
2C & F Mortgage2641.1%
3Atlantic Bay Mortgage Group1281.6%
4Alcova Mortgage1861.6%
5Southern Trust Mortgage1101.8%
6Integrity Home Mortgage692.9%
7Coastal Community Bank1583.2%
8Presidential Bank803.8%
9Call Federal Credit Union1273.9%
10Atlantic Coast Mortgage864.7%

What Chesterfield County borrowers applied for

By loan purpose

Home purchase 7,586 43% · 7.1% denied
Refinance 2,661 15% · 12.7% denied
Cash-out refinance 3,342 19% · 20.4% denied
Home improvement 1,705 10% · 24.7% denied
Other / HELOC 2,237 13% · 26.6% denied

By loan type

Conventional 12,378 71% · 14.8% denied
FHA 2,837 16% · 17.0% denied
VA 2,297 13% · 11.4% denied
USDA / RHS 19 0% · 5.3% denied

Why applications were denied

Debt-to-income ratio 790 31%
Credit history 649 25%
Incomplete application 450 18%
Collateral 260 10%
Other 202 8%
Unverifiable information 101 4%
Insufficient cash 74 3%
Employment history 28 1%
Mortgage insurance denied 1 0%

Chesterfield County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202314,7438,67220.6%6.75%$235,000
202416,39910,01116.8%6.75%$265,000
202517,53110,86014.7%6.50%$275,000

Frequently asked questions

14.7% of applications in Chesterfield County were denied in 2025, against 15.9% statewide in Virginia.

Rocket Mortgage, with 1,133 applications in 2025 and a denial rate of 13.7%.

The median mortgage application in Chesterfield County in 2025 was for $275,000; the median property value on originated loans was $425,000.