Richmond County, Virginia · 2025

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

95 lenders acted on 334 mortgage applications for properties in Richmond County in 2025. 21.0% were denied (Virginia: 15.9%). Median rate on closed loans 6.93%; median loan $175,000; median property value $285,000.

334Applications
21.0%Denial ratestate 15.9%
6.93%Median ratestate 6.63%
$175,000Median loan
$285,000Median property value

Largest lenders in Richmond County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Atlantic Union Bank C 3918 35.9%7.81%
2 Vanderbilt Mortgage and Finance F 393 33.3%9.50%
3 United Bank C 1815 11.1%6.75%
4 Rocket Mortgage C 147 21.4%6.88%
5 Navy Federal Credit Union D 95 11.1%7.00%
6 Citizens and Farmers Bank D 85 37.5%
7 Pennymac Loan Services C 73 14.3%6.75%
8 Freedom Mortgage B 73 14.3%6.38%
9 Primis Bank C 76 14.3%
10 Broker Solutions D 73 28.6%7.13%
11 Mortgage Research Center C 74 0.0%6.25%
12 United Shore Financial Services B 65 16.7%6.25%
13 C & F Mortgage A 63 0.0%6.13%
14 Tidewater Mortgage Services C 60 0.0%
15 Crosscountry Mortgage B 51 0.0%6.25%
16 Village Capital & Investment C 52 40.0%5.37%
17 Mutual of Omaha Mortgage C 52 60.0%8.63%
18 Movement Mortgage A 54 0.0%6.75%
19 Southwest Stage Funding F 50 0.0%
20 Coastal Community Bank C 51 0.0%14.99%

What Richmond County borrowers applied for

By loan purpose

Home purchase 164 49% · 12.8% denied
Refinance 28 8% · 10.7% denied
Cash-out refinance 53 16% · 28.3% denied
Home improvement 38 11% · 31.6% denied
Other / HELOC 51 15% · 37.3% denied

By loan type

Conventional 249 75% · 22.9% denied
FHA 52 16% · 17.3% denied
VA 28 8% · 14.3% denied
USDA / RHS 5 1% · 0.0% denied

Why applications were denied

Credit history 28 41%
Debt-to-income ratio 18 26%
Collateral 11 16%
Other 6 9%
Unverifiable information 4 6%
Incomplete application 2 3%

Richmond County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202324313128.4%7.13%$125,000
202426414521.2%6.88%$165,000
202533416321.0%6.93%$175,000

Frequently asked questions

21.0% of applications in Richmond County were denied in 2025, against 15.9% statewide in Virginia.

Atlantic Union Bank, with 39 applications in 2025 and a denial rate of 35.9%.

The median mortgage application in Richmond County in 2025 was for $175,000; the median property value on originated loans was $285,000.