Largest lenders in Colonial Heights city
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Rocket Mortgage | C | 54 | 41 | 11.1% | 6.75% |
| 2 | Navy Federal Credit Union | D | 32 | 13 | 31.3% | 7.13% |
| 3 | Truist Bank | C | 30 | 21 | 20.0% | 7.25% |
| 4 | Mortgage Research Center | C | 28 | 10 | 7.1% | 6.25% |
| 5 | United Shore Financial Services | B | 27 | 18 | 7.4% | 6.00% |
| 6 | Virginia Credit Union | D | 27 | 17 | 18.5% | 6.38% |
| 7 | Presidential Bank | B | 25 | 23 | 8.0% | 6.50% |
| 8 | Pennymac Loan Services | C | 24 | 13 | 8.3% | 5.63% |
| 9 | Freedom Mortgage | B | 19 | 10 | 0.0% | 6.06% |
| 10 | Broker Solutions | D | 13 | 3 | 23.1% | 6.63% |
| 11 | New Day Financial | F | 12 | 1 | 8.3% | 7.25% |
| 12 | Tidewater Mortgage Services | C | 12 | 7 | 0.0% | 5.63% |
| 13 | Bank of America | F | 11 | 1 | 72.7% | 5.50% |
| 14 | Newrez | D | 10 | 4 | 10.0% | 7.06% |
| 15 | Spring Eq | D | 9 | 6 | 22.2% | 9.39% |
| 16 | Movement Mortgage | A | 9 | 6 | 11.1% | 6.31% |
| 17 | C & F Mortgage | A | 9 | 9 | 0.0% | 6.49% |
| 18 | Capital Center | C | 9 | 5 | 44.4% | 6.88% |
| 19 | United Bank | C | 8 | 5 | 25.0% | 6.45% |
| 20 | Loandepot.Com | D | 8 | 4 | 25.0% | 6.93% |
| 21 | American Financial Network | C | 8 | 5 | 12.5% | 6.75% |
| 22 | Towne Bank | B | 8 | 8 | 0.0% | 6.69% |
| 23 | Discover Bank | F | 7 | 3 | 42.9% | 9.72% |
| 24 | Fulton Bank | C | 7 | 5 | 0.0% | 6.63% |
| 25 | AmeriSave Mortgage | D | 7 | 2 | 71.4% | 7.19% |
Best approval odds in Colonial Heights city
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Rocket Mortgage | 50 | 12.0% |
What Colonial Heights city borrowers applied for
By loan purpose
By loan type
Why applications were denied
Colonial Heights city by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 596 | 343 | 20.1% | 6.75% | $185,000 |
| 2024 | 749 | 430 | 18.7% | 6.63% | $205,000 |
| 2025 | 716 | 425 | 15.9% | 6.69% | $215,000 |
Frequently asked questions
15.9% of applications in Colonial Heights city were denied in 2025, against 15.9% statewide in Virginia.
Rocket Mortgage, with 54 applications in 2025 and a denial rate of 11.1%.
The median mortgage application in Colonial Heights city in 2025 was for $215,000; the median property value on originated loans was $305,000.