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Spotsylvania County, Virginia · 2025

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

342 lenders acted on 8,088 mortgage applications for properties in Spotsylvania County in 2025. 17.5% were denied (Virginia: 15.9%). Median rate on closed loans 6.50%; median loan $335,000; median property value $485,000.

8.1kApplications
17.5%Denial ratestate 15.9%
6.50%Median ratestate 6.63%
$335,000Median loan
$485,000Median property value

Largest lenders in Spotsylvania County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Navy Federal Credit Union D 664363 18.4%8.00%
2 Rocket Mortgage C 478363 14.6%6.63%
3 United Shore Financial Services B 395292 9.9%6.00%
4 NVR Mortgage Finance B 368250 25.0%6.13%
5 Movement Mortgage A 275185 5.1%6.50%
6 Freedom Mortgage B 255122 4.3%6.00%
7 Mortgage Research Center C 21698 20.8%5.99%
8 Pennymac Loan Services C 202108 8.4%6.00%
9 Virginia Credit Union D 174115 19.0%6.24%
10 Atlantic Coast Mortgage A 173138 1.7%6.38%
11 Newrez D 17057 18.2%6.25%
12 Atlantic Union Bank C 167103 30.5%7.50%
13 PNC Bank D 162103 22.8%0.25%
14 Truist Bank C 15870 44.9%6.91%
15 K. Hovnanian American Mortgage B 13681 17.7%6.13%
16 Guaranteed Rate B 13380 3.0%5.99%
17 CMG Mortgage A 12990 3.9%6.00%
18 Bank of America F 12536 50.4%6.38%
19 Vanderbilt Mortgage and Finance F 1207 34.2%10.00%
20 Crosscountry Mortgage B 11675 4.3%6.63%
21 Spring Eq D 11430 58.8%9.39%
22 Coastal Community Bank C 9834 4.1%9.74%
23 Fairway Independent Mortgage B 9668 7.3%6.25%
24 Figure Lending C 9343 26.9%9.00%
25 Loandepot.Com D 8966 11.2%7.38%

Best approval odds in Spotsylvania County

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

#LenderDecidedDecision denial rate
1Atlantic Coast Mortgage1502.0%
2Guaranteed Rate884.6%
3CMG Mortgage1074.7%
4Coastal Community Bank824.9%
5Movement Mortgage2356.0%
6Crosscountry Mortgage826.1%
7Freedom Mortgage1497.4%
8Fairway Independent Mortgage779.1%
9United Shore Financial Services34211.4%
10Loandepot.Com7912.7%

What Spotsylvania County borrowers applied for

By loan purpose

Home purchase 3,372 42% · 10.7% denied
Refinance 1,320 16% · 12.1% denied
Cash-out refinance 1,515 19% · 21.5% denied
Home improvement 796 10% · 30.0% denied
Other / HELOC 1,085 13% · 30.1% denied

By loan type

Conventional 4,891 60% · 19.8% denied
FHA 1,389 17% · 20.2% denied
VA 1,795 22% · 9.0% denied
USDA / RHS 13 0% · 23.1% denied

Why applications were denied

Debt-to-income ratio 449 32%
Credit history 356 25%
Incomplete application 225 16%
Collateral 147 10%
Other 128 9%
Unverifiable information 62 4%
Insufficient cash 31 2%
Employment history 10 1%

Spotsylvania County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20236,0623,38121.3%6.75%$285,000
20247,2804,18918.3%6.75%$315,000
20258,0884,65717.5%6.50%$335,000

Frequently asked questions

17.5% of applications in Spotsylvania County were denied in 2025, against 15.9% statewide in Virginia.

Navy Federal Credit Union, with 664 applications in 2025 and a denial rate of 18.4%.

The median mortgage application in Spotsylvania County in 2025 was for $335,000; the median property value on originated loans was $485,000.