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Lynchburg city, Virginia · 2025

Mortgage lenders in Lynchburg city, VA: denial rates and top lenders (2025)

240 lenders acted on 2,475 mortgage applications for properties in Lynchburg city in 2025. 14.6% were denied (Virginia: 15.9%). Median rate on closed loans 6.63%; median loan $185,000; median property value $275,000.

2.5kApplications
14.6%Denial ratestate 15.9%
6.63%Median ratestate 6.63%
$185,000Median loan
$275,000Median property value

Largest lenders in Lynchburg city

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Rocket Mortgage C 195144 16.4%6.56%
2 Fairway Independent Mortgage B 10884 2.8%6.63%
3 NVR Mortgage Finance B 8856 31.8%6.13%
4 United Shore Financial Services B 8367 9.6%6.38%
5 Alcova Mortgage A 7757 2.6%6.88%
6 Truist Bank C 7448 24.3%7.03%
7 Atlantic Union Bank C 5739 15.8%7.00%
8 Beacon Credit Union C 4928 26.5%5.99%
9 FREEDOM FIRST Federal Credit Union C 4840 8.3%6.75%
10 Atlantic Bay Mortgage Group A 4740 2.1%7.00%
11 Atlantic Coast Mortgage A 4735 2.1%6.49%
12 Mortgage Research Center C 4525 20.0%6.25%
13 Bank of America F 4419 38.6%6.30%
14 Freedom Mortgage B 4415 4.6%6.63%
15 Navy Federal Credit Union D 4319 27.9%6.50%
16 Virginia Credit Union D 4119 34.2%6.50%
17 Newrez D 3916 20.5%6.81%
18 T2 Financial B 3831 0.0%6.49%
19 Pennymac Loan Services C 3513 11.4%6.25%
20 Emm Loans B 3432 0.0%6.56%
21 First Bancorp B 3229 0.0%7.38%
22 Nation One Mortgage C 3224 3.1%6.50%
23 Vanderbilt Mortgage and Finance F 300 53.3%—
24 Swbc Mortgage A 2925 0.0%6.63%
25 Strategic Funding D 2816 42.9%13.50%

Best approval odds in Lynchburg city

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

#LenderDecidedDecision denial rate
1Alcova Mortgage673.0%
2Fairway Independent Mortgage883.4%
3United Shore Financial Services7610.5%
4Rocket Mortgage18117.7%
5Truist Bank7025.7%
6NVR Mortgage Finance8433.3%

What Lynchburg city borrowers applied for

By loan purpose

Home purchase 1,371 55% · 8.6% denied
Refinance 327 13% · 11.6% denied
Cash-out refinance 371 15% · 21.0% denied
Home improvement 181 7% · 28.7% denied
Other / HELOC 225 9% · 33.8% denied

By loan type

Conventional 1,820 74% · 14.6% denied
FHA 468 19% · 15.2% denied
VA 186 8% · 14.0% denied
USDA / RHS 1 0% · 0.0% denied

Why applications were denied

Debt-to-income ratio 97 27%
Credit history 90 25%
Collateral 46 13%
Incomplete application 43 12%
Other 35 10%
Unverifiable information 30 8%
Insufficient cash 13 4%
Employment history 3 1%

Lynchburg city by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20232,2991,43717.0%6.88%$155,000
20242,4661,55717.0%6.88%$175,000
20252,4751,56914.6%6.63%$185,000

Frequently asked questions

14.6% of applications in Lynchburg city were denied in 2025, against 15.9% statewide in Virginia.

Rocket Mortgage, with 195 applications in 2025 and a denial rate of 16.4%.

The median mortgage application in Lynchburg city in 2025 was for $185,000; the median property value on originated loans was $275,000.