Largest lenders in King and Queen County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Vanderbilt Mortgage and Finance | F | 30 | 1 | 53.3% | 9.99% |
| 2 | United Bank | C | 20 | 13 | 25.0% | 6.38% |
| 3 | Rocket Mortgage | C | 16 | 11 | 12.5% | 5.99% |
| 4 | Atlantic Union Bank | C | 13 | 8 | 38.5% | 7.50% |
| 5 | Movement Mortgage | A | 13 | 9 | 0.0% | 7.25% |
| 6 | United Shore Financial Services | B | 12 | 8 | 16.7% | 6.12% |
| 7 | C & F Mortgage | A | 11 | 11 | 0.0% | 6.63% |
| 8 | Virginia Credit Union | D | 10 | 9 | 10.0% | 6.38% |
| 9 | Tidewater Mortgage Services | C | 10 | 4 | 20.0% | 6.75% |
| 10 | Pennymac Loan Services | C | 9 | 5 | 22.2% | 6.25% |
| 11 | Crosscountry Mortgage | B | 9 | 4 | 0.0% | 6.87% |
| 12 | Atlantic Bay Mortgage Group | A | 9 | 8 | 0.0% | 6.87% |
| 13 | Loandepot.Com | D | 9 | 7 | 11.1% | 5.88% |
| 14 | Navy Federal Credit Union | D | 9 | 4 | 22.2% | 7.44% |
| 15 | AmeriSave Mortgage | D | 8 | 0 | 100.0% | — |
| 16 | New Day Financial | F | 7 | 2 | 57.1% | 6.87% |
| 17 | Freedom Mortgage | B | 7 | 2 | 42.9% | 5.69% |
| 18 | Primis Bank | C | 7 | 4 | 42.9% | — |
| 19 | Mortgage Research Center | C | 7 | 4 | 0.0% | 6.06% |
| 20 | Citizens and Farmers Bank | D | 6 | 3 | 16.7% | — |
| 21 | Towne Bank | B | 6 | 5 | 0.0% | 6.63% |
| 22 | Discover Bank | F | 5 | 1 | 40.0% | 9.24% |
| 23 | Truist Bank | C | 5 | 4 | 20.0% | 7.56% |
| 24 | Spring Eq | D | 5 | 0 | 100.0% | — |
| 25 | 1st Advantage Federal Credit Union | B | 5 | 2 | 40.0% | 4.99% |
What King and Queen County borrowers applied for
By loan purpose
By loan type
Why applications were denied
King and Queen County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 253 | 142 | 24.1% | 6.99% | $175,000 |
| 2024 | 279 | 150 | 22.2% | 6.88% | $175,000 |
| 2025 | 368 | 201 | 24.7% | 6.63% | $175,000 |
Frequently asked questions
24.7% of applications in King and Queen County were denied in 2025, against 15.9% statewide in Virginia.
Vanderbilt Mortgage and Finance, with 30 applications in 2025 and a denial rate of 53.3%.
The median mortgage application in King and Queen County in 2025 was for $175,000; the median property value on originated loans was $325,000.