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Mathews County, Virginia · 2025

Mortgage lenders in Mathews County, VA: denial rates and top lenders (2025)

109 lenders acted on 463 mortgage applications for properties in Mathews County in 2025. 19.2% were denied (Virginia: 15.9%). Median rate on closed loans 6.75%; median loan $215,000; median property value $385,000.

463Applications
19.2%Denial ratestate 15.9%
6.75%Median ratestate 6.63%
$215,000Median loan
$385,000Median property value

Largest lenders in Mathews County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Movement Mortgage A 2921 3.5%6.81%
2 Atlantic Bay Mortgage Group A 2822 0.0%6.75%
3 Rocket Mortgage C 2517 12.0%6.50%
4 Chesapeake Bank C 2418 12.5%6.88%
5 LANGLEY Federal Credit Union C 2216 27.3%6.99%
6 Newport News Shipbuilding Employees Credit Union, Inc. DBA Bayport Credit Union C 1811 22.2%7.25%
7 Navy Federal Credit Union D 1711 17.7%7.50%
8 United Shore Financial Services B 148 0.0%6.37%
9 Pennymac Loan Services C 134 7.7%6.50%
10 1st Advantage Federal Credit Union B 138 30.8%4.99%
11 Vanderbilt Mortgage and Finance F 131 46.2%8.25%
12 Truist Bank C 114 45.5%6.17%
13 Atlantic Union Bank C 106 30.0%7.50%
14 AmeriSave Mortgage D 101 80.0%11.88%
15 Newrez D 91 11.1%6.75%
16 New Day Financial F 80 50.0%—
17 Broker Solutions D 81 0.0%7.25%
18 Mortgage Research Center C 86 0.0%6.38%
19 C & F Mortgage A 77 0.0%6.75%
20 Bank of America F 62 66.7%5.87%
21 Alcova Mortgage A 54 0.0%6.94%
22 Spring Eq D 53 40.0%9.30%
23 American Neighborhood Mortgage Acceptance Company B 54 0.0%6.56%

What Mathews County borrowers applied for

By loan purpose

Home purchase 180 39% · 7.8% denied
Refinance 53 11% · 17.0% denied
Cash-out refinance 100 22% · 22.0% denied
Home improvement 59 13% · 22.0% denied
Other / HELOC 71 15% · 43.7% denied

By loan type

Conventional 349 75% · 21.8% denied
FHA 50 11% · 12.0% denied
VA 61 13% · 11.5% denied
USDA / RHS 3 1% · 0.0% denied

Why applications were denied

Credit history 22 25%
Incomplete application 18 20%
Debt-to-income ratio 17 19%
Other 12 14%
Collateral 12 14%
Unverifiable information 4 5%
Insufficient cash 3 3%

Mathews County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202332918219.5%7.00%$205,000
202443125216.7%7.00%$205,000
202546325519.2%6.75%$215,000

Frequently asked questions

19.2% of applications in Mathews County were denied in 2025, against 15.9% statewide in Virginia.

Movement Mortgage, with 29 applications in 2025 and a denial rate of 3.5%.

The median mortgage application in Mathews County in 2025 was for $215,000; the median property value on originated loans was $385,000.