Largest lenders in Floyd County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Vanderbilt Mortgage and Finance | F | 53 | 10 | 39.6% | 9.87% |
| 2 | Alcova Mortgage | A | 46 | 37 | 6.5% | 6.75% |
| 3 | Skyline National Bank | B | 43 | 40 | 2.3% | — |
| 4 | Atlantic Union Bank | C | 34 | 24 | 23.5% | 8.00% |
| 5 | Rocket Mortgage | C | 29 | 19 | 24.1% | 6.75% |
| 6 | FREEDOM FIRST Federal Credit Union | C | 19 | 14 | 15.8% | 6.56% |
| 7 | First Bancorp | B | 16 | 11 | 12.5% | 7.38% |
| 8 | Virginia Credit Union | D | 16 | 11 | 25.0% | 6.24% |
| 9 | Atlantic Bay Mortgage Group | A | 14 | 11 | 0.0% | 6.63% |
| 10 | Truliant Federal Credit Union | D | 13 | 7 | 38.5% | 7.38% |
| 11 | Truist Bank | C | 11 | 10 | 9.1% | 7.59% |
| 12 | Newrez | D | 11 | 5 | 27.3% | 5.75% |
| 13 | Pennymac Loan Services | C | 10 | 7 | 0.0% | 6.75% |
| 14 | Mortgage Research Center | C | 10 | 4 | 0.0% | 6.31% |
| 15 | Movement Mortgage | A | 10 | 6 | 10.0% | 6.88% |
| 16 | Wells Fargo Bank | B | 8 | 4 | 37.5% | 6.75% |
| 17 | Freedom Mortgage | B | 8 | 5 | 12.5% | 6.63% |
| 18 | Farm Credit of the Virginias, ACA | D | 8 | 5 | 0.0% | 7.85% |
| 19 | Broker Solutions | D | 7 | 2 | 0.0% | 6.81% |
| 20 | Figure Lending | C | 7 | 7 | 0.0% | 8.85% |
| 21 | Carter Bank & Trust | C | 5 | 4 | 0.0% | 8.31% |
| 22 | Towne Mortgage | B | 5 | 4 | 0.0% | 6.94% |
| 23 | CMG Mortgage | A | 5 | 2 | 0.0% | 6.00% |
| 24 | Southwest Stage Funding | F | 5 | 2 | 0.0% | 7.19% |
What Floyd County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Floyd County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 426 | 238 | 19.5% | 7.25% | $135,000 |
| 2024 | 426 | 261 | 21.1% | 7.00% | $145,000 |
| 2025 | 529 | 328 | 18.2% | 6.88% | $175,000 |
Frequently asked questions
18.2% of applications in Floyd County were denied in 2025, against 15.9% statewide in Virginia.
Vanderbilt Mortgage and Finance, with 53 applications in 2025 and a denial rate of 39.6%.
The median mortgage application in Floyd County in 2025 was for $175,000; the median property value on originated loans was $315,000.