Find a better mortgage lender

Henrico County, Virginia · 2025

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

415 lenders acted on 13,195 mortgage applications for properties in Henrico County in 2025. 15.4% were denied (Virginia: 15.9%). Median rate on closed loans 6.63%; median loan $255,000; median property value $405,000.

13kApplications
15.4%Denial ratestate 15.9%
6.63%Median ratestate 6.63%
$255,000Median loan
$405,000Median property value

Largest lenders in Henrico County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Virginia Credit Union D 793536 11.9%6.24%
2 Rocket Mortgage C 733554 14.3%6.75%
3 Truist Bank C 570280 33.5%6.59%
4 United Shore Financial Services B 546408 9.9%6.13%
5 Capital Center C 536365 10.8%6.50%
6 Navy Federal Credit Union D 378174 21.4%7.75%
7 First Heritage Mortgage A 374290 2.9%6.49%
8 Bank of America F 367168 28.9%6.24%
9 Pennymac Loan Services C 360194 9.4%6.56%
10 Towne Bank B 285229 7.7%6.63%
11 NVR Mortgage Finance B 278172 25.9%6.13%
12 Freedom Mortgage B 266121 7.5%6.25%
13 Atlantic Union Bank C 256175 24.6%7.50%
14 Newrez D 24670 23.2%6.75%
15 C & F Mortgage A 197162 2.0%6.50%
16 Movement Mortgage A 189140 5.3%6.50%
17 Prosperity Home Mortgage A 171137 3.5%6.75%
18 U.S. Bank D 164108 15.2%6.63%
19 HENRICO Federal Credit Union C 161119 18.6%6.49%
20 Loandepot.Com D 15095 18.0%7.38%
21 CMG Mortgage A 141107 5.7%6.63%
22 JPMorgan Chase Bank B 140114 5.0%6.50%
23 Coastal Community Bank C 13832 0.0%10.62%
24 Atlantic Bay Mortgage Group A 132113 0.8%6.75%
25 Figure Lending C 12656 23.0%8.50%

Best approval odds in Henrico County

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

#LenderDecidedDecision denial rate
1NFM1000.0%
2Coastal Community Bank970.0%
3Atlantic Bay Mortgage Group1150.9%
4Atlantic Coast Mortgage932.2%
5C & F Mortgage1672.4%
6First Heritage Mortgage3023.6%
7Integrity Home Mortgage533.8%
8Prosperity Home Mortgage1454.1%
9Kiavi Funding555.5%
10Crosscountry Mortgage895.6%

What Henrico County borrowers applied for

By loan purpose

Home purchase 5,711 43% · 7.0% denied
Refinance 2,044 15% · 13.5% denied
Cash-out refinance 2,385 18% · 21.1% denied
Home improvement 1,365 10% · 26.7% denied
Other / HELOC 1,690 13% · 28.8% denied

By loan type

Conventional 10,362 79% · 15.2% denied
FHA 1,936 15% · 18.0% denied
VA 892 7% · 12.0% denied
USDA / RHS 5 0% · 20.0% denied

Why applications were denied

Debt-to-income ratio 721 36%
Credit history 482 24%
Incomplete application 292 14%
Collateral 191 9%
Other 168 8%
Unverifiable information 86 4%
Insufficient cash 49 2%
Employment history 27 1%

Henrico County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202310,9326,43719.9%6.88%$215,000
202411,8837,29217.2%6.88%$245,000
202513,1958,20315.4%6.63%$255,000

Frequently asked questions

15.4% of applications in Henrico County were denied in 2025, against 15.9% statewide in Virginia.

Virginia Credit Union, with 793 applications in 2025 and a denial rate of 11.9%.

The median mortgage application in Henrico County in 2025 was for $255,000; the median property value on originated loans was $405,000.