Largest lenders in Petersburg city
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | United Shore Financial Services | B | 79 | 48 | 13.9% | 6.38% |
| 2 | Rocket Mortgage | C | 76 | 45 | 30.3% | 6.38% |
| 3 | Mortgage Research Center | C | 70 | 41 | 15.7% | 6.25% |
| 4 | Virginia Credit Union | D | 60 | 32 | 23.3% | 6.25% |
| 5 | Truist Bank | C | 43 | 14 | 46.5% | 6.99% |
| 6 | Freedom Mortgage | B | 43 | 22 | 7.0% | 6.25% |
| 7 | Newrez | D | 38 | 5 | 29.0% | 6.63% |
| 8 | Navy Federal Credit Union | D | 37 | 16 | 27.0% | 7.06% |
| 9 | Movement Mortgage | A | 36 | 27 | 5.6% | 6.63% |
| 10 | Pennymac Loan Services | C | 33 | 14 | 24.2% | 6.25% |
| 11 | American Neighborhood Mortgage Acceptance Company | B | 31 | 18 | 3.2% | 6.75% |
| 12 | Loandepot.Com | D | 26 | 10 | 46.2% | 6.50% |
| 13 | Vanderbilt Mortgage and Finance | F | 26 | 0 | 46.2% | — |
| 14 | Broker Solutions | D | 25 | 8 | 16.0% | 6.99% |
| 15 | Peoples Advantage Federal Credit Union | F | 25 | 11 | 28.0% | — |
| 16 | American Financial Network | C | 24 | 18 | 0.0% | 7.63% |
| 17 | JPMorgan Chase Bank | B | 23 | 15 | 4.4% | 6.38% |
| 18 | C & F Mortgage | A | 23 | 16 | 21.7% | 6.75% |
| 19 | AmeriSave Mortgage | D | 21 | 5 | 71.4% | 6.63% |
| 20 | Equity Prime Mortgage | D | 21 | 9 | 19.1% | 7.25% |
| 21 | Bank of America | F | 20 | 10 | 40.0% | 5.81% |
| 22 | Loan Funder | F | 19 | 14 | 0.0% | 8.08% |
| 23 | New Day Financial | F | 18 | 5 | 11.1% | 7.25% |
| 24 | First Heritage Mortgage | A | 18 | 14 | 5.6% | 6.38% |
| 25 | Guild Mortgage | A | 18 | 12 | 0.0% | 6.63% |
Best approval odds in Petersburg city
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | United Shore Financial Services | 61 | 18.0% |
| 2 | Mortgage Research Center | 53 | 20.8% |
| 3 | Rocket Mortgage | 70 | 32.9% |
What Petersburg city borrowers applied for
By loan purpose
By loan type
Why applications were denied
Petersburg city by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 1,354 | 714 | 21.2% | 6.99% | $155,000 |
| 2024 | 1,472 | 755 | 21.9% | 6.99% | $155,000 |
| 2025 | 1,665 | 858 | 19.6% | 6.63% | $175,000 |
Frequently asked questions
19.6% of applications in Petersburg city were denied in 2025, against 15.9% statewide in Virginia.
United Shore Financial Services, with 79 applications in 2025 and a denial rate of 13.9%.
The median mortgage application in Petersburg city in 2025 was for $175,000; the median property value on originated loans was $245,000.