Largest lenders in Portsmouth city
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Navy Federal Credit Union | D | 418 | 174 | 28.0% | 7.75% |
| 2 | Mortgage Research Center | C | 389 | 213 | 14.7% | 6.25% |
| 3 | United Shore Financial Services | B | 305 | 218 | 10.2% | 5.99% |
| 4 | American Neighborhood Mortgage Acceptance Company | B | 276 | 195 | 3.6% | 6.50% |
| 5 | Rocket Mortgage | C | 249 | 165 | 20.5% | 6.50% |
| 6 | Freedom Mortgage | B | 196 | 94 | 6.1% | 6.25% |
| 7 | Atlantic Bay Mortgage Group | A | 158 | 123 | 3.2% | 6.50% |
| 8 | Movement Mortgage | A | 156 | 91 | 7.7% | 6.63% |
| 9 | Pennymac Loan Services | C | 153 | 66 | 10.5% | 6.00% |
| 10 | Southern Trust Mortgage | B | 124 | 87 | 8.9% | 6.25% |
| 11 | NVR Mortgage Finance | B | 117 | 86 | 20.5% | 5.99% |
| 12 | Newrez | D | 117 | 44 | 13.7% | 6.44% |
| 13 | LANGLEY Federal Credit Union | C | 115 | 70 | 33.0% | 6.99% |
| 14 | Newport News Shipbuilding Employees Credit Union, Inc. DBA Bayport Credit Union | C | 115 | 58 | 13.0% | 7.75% |
| 15 | Towne Bank | B | 98 | 74 | 9.2% | 7.25% |
| 16 | Atlantic Coast Mortgage | A | 79 | 65 | 2.5% | 6.63% |
| 17 | Broker Solutions | D | 71 | 21 | 11.3% | 6.75% |
| 18 | Crosscountry Mortgage | B | 70 | 45 | 5.7% | 6.49% |
| 19 | Chartway Federal Credit Union | B | 70 | 38 | 30.0% | 2.99% |
| 20 | Truist Bank | C | 68 | 37 | 25.0% | 7.35% |
| 21 | Village Capital & Investment | C | 65 | 26 | 18.5% | 5.75% |
| 22 | AmeriSave Mortgage | D | 61 | 13 | 67.2% | 6.99% |
| 23 | ABNB Federal Credit Union | D | 55 | 22 | 45.5% | 7.12% |
| 24 | Kiavi Funding | D | 52 | 38 | 3.9% | 10.97% |
| 25 | Carrington Mortgage Services | D | 51 | 10 | 49.0% | 6.19% |
Best approval odds in Portsmouth city
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Atlantic Coast Mortgage | 71 | 2.8% |
| 2 | Atlantic Bay Mortgage Group | 128 | 3.9% |
| 3 | American Neighborhood Mortgage Acceptance Company | 207 | 4.8% |
| 4 | Freedom Mortgage | 133 | 9.0% |
| 5 | Movement Mortgage | 120 | 10.0% |
| 6 | Towne Bank | 86 | 10.5% |
| 7 | Southern Trust Mortgage | 98 | 11.2% |
| 8 | United Shore Financial Services | 257 | 12.1% |
| 9 | Pennymac Loan Services | 92 | 17.4% |
| 10 | Newport News Shipbuilding Employees Credit Union, Inc. DBA Bayport Credit Union | 79 | 19.0% |
What Portsmouth city borrowers applied for
By loan purpose
By loan type
Why applications were denied
Portsmouth city by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 4,341 | 2,446 | 18.6% | 6.88% | $195,000 |
| 2024 | 5,049 | 2,852 | 18.1% | 6.75% | $215,000 |
| 2025 | 5,428 | 3,012 | 16.7% | 6.51% | $225,000 |
Frequently asked questions
16.7% of applications in Portsmouth city were denied in 2025, against 15.9% statewide in Virginia.
Navy Federal Credit Union, with 418 applications in 2025 and a denial rate of 28.0%.
The median mortgage application in Portsmouth city in 2025 was for $225,000; the median property value on originated loans was $285,000.