Largest lenders in Patrick County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Vanderbilt Mortgage and Finance | F | 43 | 7 | 39.5% | 8.75% |
| 2 | Rocket Mortgage | C | 41 | 25 | 31.7% | 6.88% |
| 3 | Alcova Mortgage | A | 38 | 25 | 2.6% | 6.75% |
| 4 | Truist Bank | C | 24 | 12 | 41.7% | 6.50% |
| 5 | ValleyStar Credit Union | F | 21 | 9 | 42.9% | 7.50% |
| 6 | First Community Bank | F | 18 | 12 | 16.7% | 7.00% |
| 7 | Carter Bank & Trust | C | 17 | 7 | 52.9% | 7.25% |
| 8 | United Shore Financial Services | B | 15 | 7 | 13.3% | 6.00% |
| 9 | The Fidelity Bank | B | 13 | 9 | 15.4% | 7.38% |
| 10 | AmeriSave Mortgage | D | 12 | 1 | 75.0% | 6.63% |
| 11 | State Employees' | C | 11 | 4 | 36.4% | 6.19% |
| 12 | Atlantic Bay Mortgage Group | A | 11 | 11 | 0.0% | 6.63% |
| 13 | Mortgage Research Center | C | 10 | 4 | 30.0% | 6.38% |
| 14 | Freedom Mortgage | B | 9 | 3 | 0.0% | 5.75% |
| 15 | First Horizon Bank | B | 8 | 5 | 37.5% | 6.76% |
| 16 | Skyline National Bank | B | 8 | 7 | 0.0% | — |
| 17 | USAA Federal Savings Bank | C | 7 | 3 | 28.6% | 6.63% |
| 18 | Movement Mortgage | A | 7 | 5 | 0.0% | 6.99% |
| 19 | PNC Bank | D | 6 | 3 | 33.3% | 7.95% |
| 20 | Loandepot.Com | D | 6 | 5 | 16.7% | 6.25% |
| 21 | Navy Federal Credit Union | D | 6 | 2 | 16.7% | 7.06% |
| 22 | Southwest Stage Funding | F | 6 | 0 | 16.7% | — |
| 23 | Coastal Community Bank | C | 6 | 2 | 0.0% | 12.37% |
| 24 | Spring Eq | D | 5 | 2 | 40.0% | 9.79% |
| 25 | Mutual of Omaha Mortgage | C | 5 | 1 | 40.0% | 5.99% |
What Patrick County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Patrick County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 433 | 227 | 24.3% | 6.78% | $125,000 |
| 2024 | 514 | 254 | 23.5% | 6.99% | $115,000 |
| 2025 | 531 | 256 | 25.1% | 6.75% | $145,000 |
Frequently asked questions
25.1% of applications in Patrick County were denied in 2025, against 15.9% statewide in Virginia.
Vanderbilt Mortgage and Finance, with 43 applications in 2025 and a denial rate of 39.5%.
The median mortgage application in Patrick County in 2025 was for $145,000; the median property value on originated loans was $245,000.