Largest lenders in Fredericksburg city
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Navy Federal Credit Union | D | 66 | 34 | 15.2% | 7.85% |
| 2 | Rocket Mortgage | C | 49 | 38 | 12.2% | 6.50% |
| 3 | United Shore Financial Services | B | 34 | 21 | 20.6% | 6.43% |
| 4 | Movement Mortgage | A | 32 | 25 | 3.1% | 6.25% |
| 5 | Atlantic Union Bank | C | 26 | 22 | 11.5% | 7.25% |
| 6 | Freedom Mortgage | B | 22 | 11 | 0.0% | 5.75% |
| 7 | Linkbank | C | 21 | 17 | 4.8% | — |
| 8 | PNC Bank | D | 20 | 11 | 20.0% | 0.25% |
| 9 | Newrez | D | 20 | 4 | 35.0% | 5.75% |
| 10 | Mortgage Research Center | C | 20 | 9 | 20.0% | 5.75% |
| 11 | Pennymac Loan Services | C | 18 | 9 | 11.1% | 6.50% |
| 12 | Atlantic Coast Mortgage | A | 18 | 17 | 0.0% | 6.63% |
| 13 | Pentagon Federal Credit Union | F | 16 | 5 | 37.5% | 7.25% |
| 14 | Bank of America | F | 15 | 4 | 46.7% | 6.50% |
| 15 | Truist Bank | C | 14 | 8 | 21.4% | 6.17% |
| 16 | Fairway Independent Mortgage | B | 14 | 12 | 0.0% | 6.25% |
| 17 | Ameris Bank | B | 13 | 13 | 0.0% | 6.13% |
| 18 | Vanderbilt Mortgage and Finance | F | 13 | 0 | 61.5% | — |
| 19 | NVR Mortgage Finance | B | 12 | 9 | 8.3% | 6.25% |
| 20 | Virginia Credit Union | D | 12 | 7 | 16.7% | 6.38% |
| 21 | Coastal Community Bank | C | 11 | 1 | 9.1% | 10.49% |
| 22 | Spring Eq | D | 10 | 3 | 40.0% | 7.38% |
| 23 | Prosperity Home Mortgage | A | 10 | 9 | 0.0% | 6.49% |
| 24 | Moria Development | B | 9 | 6 | 0.0% | 6.31% |
| 25 | Nationstar Mortgage | C | 9 | 6 | 22.2% | 6.49% |
What Fredericksburg city borrowers applied for
By loan purpose
By loan type
Why applications were denied
Fredericksburg city by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 703 | 437 | 19.1% | 6.75% | $325,000 |
| 2024 | 813 | 473 | 19.1% | 6.88% | $305,000 |
| 2025 | 821 | 498 | 14.6% | 6.50% | $325,000 |
Frequently asked questions
14.6% of applications in Fredericksburg city were denied in 2025, against 15.9% statewide in Virginia.
Navy Federal Credit Union, with 66 applications in 2025 and a denial rate of 15.2%.
The median mortgage application in Fredericksburg city in 2025 was for $325,000; the median property value on originated loans was $495,000.