New Kent County, Virginia · 2025

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

197 lenders acted on 1,732 mortgage applications for properties in New Kent County in 2025. 12.1% were denied (Virginia: 15.9%). Median rate on closed loans 6.38%; median loan $295,000; median property value $445,000.

1.7kApplications
12.1%Denial ratestate 15.9%
6.38%Median ratestate 6.63%
$295,000Median loan
$445,000Median property value

Largest lenders in New Kent County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 NVR Mortgage Finance B 138102 5.1%6.13%
2 Dhi Mortgage Company B 10470 13.5%4.99%
3 Rocket Mortgage C 9674 13.5%6.50%
4 Citizens and Farmers Bank D 6246 17.7%
5 Pennymac Loan Services C 5529 3.6%6.50%
6 Navy Federal Credit Union D 5430 13.0%8.00%
7 United Shore Financial Services B 5244 11.5%6.00%
8 Vanderbilt Mortgage and Finance F 4917 30.6%6.75%
9 Truist Bank C 4733 21.3%6.25%
10 Virginia Credit Union D 4735 2.1%6.24%
11 Freedom Mortgage B 4521 13.3%6.13%
12 Capital Center C 4527 15.6%6.38%
13 Movement Mortgage A 4331 2.3%6.50%
14 Newrez D 3713 13.5%6.25%
15 Lennar Mortgage A 3532 5.7%6.00%
16 Mortgage Research Center C 3214 25.0%6.13%
17 Towne Bank B 3127 0.0%7.25%
18 C & F Mortgage A 2925 0.0%6.49%
19 LANGLEY Federal Credit Union C 2825 10.7%6.99%
20 Bank of America F 2411 20.8%6.00%
21 United Bank C 1914 10.5%6.25%
22 1st Advantage Federal Credit Union B 1913 26.3%4.99%
23 First Heritage Mortgage A 1812 5.6%6.25%
24 Loandepot.Com D 187 16.7%7.88%
25 Prosperity Home Mortgage A 1813 11.1%6.50%

Best approval odds in New Kent County

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

#LenderDecidedDecision denial rate
1NVR Mortgage Finance1096.4%
2United Shore Financial Services5111.8%
3Rocket Mortgage9014.4%
4Dhi Mortgage Company8616.3%
5Citizens and Farmers Bank5819.0%

What New Kent County borrowers applied for

By loan purpose

Home purchase 848 49% · 7.2% denied
Refinance 266 15% · 12.0% denied
Cash-out refinance 291 17% · 18.6% denied
Home improvement 141 8% · 17.7% denied
Other / HELOC 186 11% · 19.9% denied

By loan type

Conventional 1,073 62% · 12.2% denied
FHA 285 16% · 14.0% denied
VA 362 21% · 9.9% denied
USDA / RHS 12 1% · 16.7% denied

Why applications were denied

Debt-to-income ratio 67 32%
Credit history 51 24%
Collateral 28 13%
Incomplete application 25 12%
Other 15 7%
Unverifiable information 15 7%
Insufficient cash 6 3%
Employment history 2 1%

New Kent County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20231,39988516.8%6.63%$255,000
20241,6221,00014.9%6.63%$285,000
20251,7321,12212.1%6.38%$295,000

Frequently asked questions

12.1% of applications in New Kent County were denied in 2025, against 15.9% statewide in Virginia.

NVR Mortgage Finance, with 138 applications in 2025 and a denial rate of 5.1%.

The median mortgage application in New Kent County in 2025 was for $295,000; the median property value on originated loans was $445,000.