Largest lenders in Lancaster County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Chesapeake Bank | C | 36 | 23 | 27.8% | 6.88% |
| 2 | Atlantic Union Bank | C | 32 | 22 | 15.6% | 7.75% |
| 3 | Rocket Mortgage | C | 31 | 23 | 19.4% | 6.63% |
| 4 | Vanderbilt Mortgage and Finance | F | 25 | 1 | 48.0% | 10.25% |
| 5 | Dhi Mortgage Company | B | 23 | 18 | 21.7% | 4.75% |
| 6 | United Shore Financial Services | B | 19 | 15 | 15.8% | 6.50% |
| 7 | Navy Federal Credit Union | D | 18 | 7 | 33.3% | 6.88% |
| 8 | NVR Mortgage Finance | B | 17 | 14 | 5.9% | 5.44% |
| 9 | Truist Bank | C | 15 | 7 | 26.7% | 6.88% |
| 10 | Movement Mortgage | A | 13 | 10 | 0.0% | 6.93% |
| 11 | Calcon Mutual Mortgage | D | 12 | 6 | 16.7% | 6.43% |
| 12 | Pennymac Loan Services | C | 11 | 2 | 18.2% | 5.63% |
| 13 | Bank of America | F | 11 | 2 | 54.6% | 5.62% |
| 14 | United Bank | C | 11 | 9 | 0.0% | 6.38% |
| 15 | C & F Mortgage | A | 11 | 9 | 0.0% | 6.75% |
| 16 | Plaza Home Mortgage | C | 10 | 4 | 30.0% | 6.31% |
| 17 | Primis Bank | C | 10 | 6 | 10.0% | — |
| 18 | Virginia Credit Union | D | 9 | 7 | 22.2% | 6.63% |
| 19 | Atlantic Bay Mortgage Group | A | 8 | 5 | 0.0% | 6.75% |
| 20 | Freedom Mortgage | B | 8 | 2 | 0.0% | 4.75% |
| 21 | Broker Solutions | D | 8 | 5 | 0.0% | 6.99% |
| 22 | Towne Bank | B | 8 | 8 | 0.0% | 6.56% |
| 23 | Capital Center | C | 8 | 4 | 25.0% | 6.44% |
| 24 | Discover Bank | F | 7 | 0 | 57.1% | — |
| 25 | AmeriSave Mortgage | D | 7 | 0 | 85.7% | — |
What Lancaster County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Lancaster County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 420 | 244 | 16.7% | 6.80% | $195,000 |
| 2024 | 505 | 295 | 16.2% | 6.75% | $225,000 |
| 2025 | 603 | 340 | 18.2% | 6.63% | $225,000 |
Frequently asked questions
18.2% of applications in Lancaster County were denied in 2025, against 15.9% statewide in Virginia.
Chesapeake Bank, with 36 applications in 2025 and a denial rate of 27.8%.
The median mortgage application in Lancaster County in 2025 was for $225,000; the median property value on originated loans was $375,000.