Largest lenders in Madison County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | University of Virginia Community Credit Union | F | 53 | 30 | 18.9% | — |
| 2 | Atlantic Union Bank | C | 50 | 28 | 32.0% | 7.50% |
| 3 | Rocket Mortgage | C | 36 | 19 | 27.8% | 6.63% |
| 4 | Fulton Bank | C | 31 | 23 | 6.5% | 6.50% |
| 5 | Truist Bank | C | 17 | 8 | 29.4% | 7.12% |
| 6 | Navy Federal Credit Union | D | 15 | 7 | 20.0% | 7.75% |
| 7 | Mortgage Research Center | C | 14 | 6 | 21.4% | 6.99% |
| 8 | Vanderbilt Mortgage and Finance | F | 13 | 0 | 46.2% | — |
| 9 | Spring Eq | D | 12 | 1 | 50.0% | 12.28% |
| 10 | Guaranteed Rate | B | 11 | 6 | 9.1% | 6.31% |
| 11 | United Shore Financial Services | B | 11 | 9 | 9.1% | 5.89% |
| 12 | Newrez | D | 10 | 2 | 10.0% | 7.06% |
| 13 | CMG Mortgage | A | 9 | 7 | 0.0% | 6.99% |
| 14 | Integrity Home Mortgage | B | 9 | 7 | 0.0% | 7.38% |
| 15 | Atlantic Coast Mortgage | A | 9 | 5 | 22.2% | 6.49% |
| 16 | Embrace Home Loans | A | 9 | 8 | 0.0% | 5.93% |
| 17 | Pennymac Loan Services | C | 8 | 4 | 12.5% | 7.25% |
| 18 | New Day Financial | F | 8 | 2 | 12.5% | 7.18% |
| 19 | NFM | A | 8 | 8 | 0.0% | 6.37% |
| 20 | Freedom Mortgage | B | 8 | 2 | 25.0% | 5.37% |
| 21 | Loandepot.Com | D | 8 | 6 | 0.0% | 6.37% |
| 22 | Wells Fargo Bank | B | 7 | 2 | 28.6% | 7.19% |
| 23 | PNC Bank | D | 7 | 2 | 57.1% | 6.13% |
| 24 | Equity Prime Mortgage | D | 7 | 1 | 14.3% | 6.25% |
| 25 | Movement Mortgage | A | 7 | 5 | 14.3% | 6.38% |
What Madison County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Madison County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 433 | 248 | 21.5% | 6.96% | $205,000 |
| 2024 | 510 | 265 | 24.1% | 6.88% | $235,000 |
| 2025 | 594 | 324 | 19.2% | 6.63% | $255,000 |
Frequently asked questions
19.2% of applications in Madison County were denied in 2025, against 15.9% statewide in Virginia.
University of Virginia Community Credit Union, with 53 applications in 2025 and a denial rate of 18.9%.
The median mortgage application in Madison County in 2025 was for $255,000; the median property value on originated loans was $425,000.