Largest lenders in Essex County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Vanderbilt Mortgage and Finance | F | 47 | 3 | 40.4% | 8.75% |
| 2 | United Bank | C | 43 | 35 | 11.6% | 6.25% |
| 3 | Atlantic Union Bank | C | 35 | 25 | 22.9% | 8.00% |
| 4 | Rocket Mortgage | C | 27 | 21 | 14.8% | 6.75% |
| 5 | Mortgage Research Center | C | 24 | 16 | 4.2% | 6.69% |
| 6 | Navy Federal Credit Union | D | 22 | 9 | 13.6% | 8.35% |
| 7 | Virginia Credit Union | D | 18 | 10 | 22.2% | 6.18% |
| 8 | Pennymac Loan Services | C | 13 | 11 | 0.0% | 5.99% |
| 9 | Primis Bank | C | 13 | 8 | 23.1% | — |
| 10 | Movement Mortgage | A | 12 | 9 | 8.3% | 6.56% |
| 11 | Truist Bank | C | 11 | 7 | 36.4% | 6.35% |
| 12 | United Shore Financial Services | B | 11 | 5 | 36.4% | 6.12% |
| 13 | AmeriSave Mortgage | D | 8 | 2 | 50.0% | 6.81% |
| 14 | C & F Mortgage | A | 8 | 7 | 0.0% | 6.63% |
| 15 | Union Home Mortgage | B | 7 | 4 | 0.0% | 7.06% |
| 16 | Pentagon Federal Credit Union | F | 7 | 2 | 28.6% | 7.38% |
| 17 | Towne Bank | B | 7 | 5 | 14.3% | 7.13% |
| 18 | Spring Eq | D | 6 | 2 | 33.3% | 10.09% |
| 19 | Freedom Mortgage | B | 6 | 3 | 33.3% | 6.25% |
| 20 | Capital Center | C | 6 | 5 | 0.0% | 6.63% |
| 21 | Alcova Mortgage | A | 5 | 4 | 0.0% | 6.56% |
| 22 | Nationstar Mortgage | C | 5 | 5 | 0.0% | 6.75% |
| 23 | CMG Mortgage | A | 5 | 4 | 0.0% | 6.06% |
| 24 | Newrez | D | 5 | 1 | 40.0% | 5.88% |
| 25 | Broker Solutions | D | 5 | 3 | 20.0% | 6.99% |
What Essex County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Essex County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 425 | 210 | 28.0% | 6.99% | $175,000 |
| 2024 | 466 | 231 | 23.6% | 6.88% | $175,000 |
| 2025 | 508 | 292 | 19.7% | 6.75% | $205,000 |
Frequently asked questions
19.7% of applications in Essex County were denied in 2025, against 15.9% statewide in Virginia.
Vanderbilt Mortgage and Finance, with 47 applications in 2025 and a denial rate of 40.4%.
The median mortgage application in Essex County in 2025 was for $205,000; the median property value on originated loans was $325,000.