Largest lenders in Martinsville city
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Alcova Mortgage | A | 67 | 48 | 4.5% | 6.63% |
| 2 | Vanderbilt Mortgage and Finance | F | 27 | 1 | 55.6% | 9.99% |
| 3 | ValleyStar Credit Union | F | 26 | 10 | 38.5% | 7.50% |
| 4 | Rocket Mortgage | C | 24 | 12 | 37.5% | 6.69% |
| 5 | Mortgage Research Center | C | 20 | 9 | 15.0% | 6.50% |
| 6 | Pennymac Loan Services | C | 16 | 5 | 31.3% | 7.12% |
| 7 | Atlantic Union Bank | C | 13 | 7 | 23.1% | 7.25% |
| 8 | United Shore Financial Services | B | 13 | 10 | 7.7% | 6.25% |
| 9 | Atlantic Coast Mortgage | A | 10 | 9 | 0.0% | 6.63% |
| 10 | Broker Solutions | D | 9 | 2 | 44.4% | 6.37% |
| 11 | First Horizon Bank | B | 7 | 3 | 57.1% | 6.25% |
| 12 | Carter Bank & Trust | C | 7 | 5 | 14.3% | 6.63% |
| 13 | Newrez | D | 7 | 3 | 42.9% | 6.25% |
| 14 | Kiavi Funding | D | 7 | 6 | 0.0% | 10.75% |
| 15 | The Fidelity Bank | B | 7 | 6 | 14.3% | 8.25% |
| 16 | Truist Bank | C | 6 | 3 | 33.3% | 5.99% |
| 17 | AmeriSave Mortgage | D | 6 | 1 | 50.0% | 6.75% |
| 18 | Blue Ridge Bank | C | 6 | 5 | 16.7% | 6.00% |
| 19 | Coastal Community Bank | C | 6 | 2 | 0.0% | 11.24% |
| 20 | Citizens Bank | C | 5 | 2 | 40.0% | 7.14% |
| 21 | Truliant Federal Credit Union | D | 5 | 2 | 60.0% | 7.44% |
| 22 | Village Capital & Investment | C | 5 | 0 | 40.0% | — |
Best approval odds in Martinsville city
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Alcova Mortgage | 57 | 5.3% |
What Martinsville city borrowers applied for
By loan purpose
By loan type
Why applications were denied
Martinsville city by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 375 | 177 | 32.3% | 7.13% | $105,000 |
| 2024 | 442 | 224 | 25.3% | 6.99% | $115,000 |
| 2025 | 460 | 236 | 24.6% | 6.75% | $115,000 |
Frequently asked questions
24.6% of applications in Martinsville city were denied in 2025, against 15.9% statewide in Virginia.
Alcova Mortgage, with 67 applications in 2025 and a denial rate of 4.5%.
The median mortgage application in Martinsville city in 2025 was for $115,000; the median property value on originated loans was $185,000.