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Suffolk city, Virginia · 2025

Mortgage lenders in Suffolk city, VA: denial rates and top lenders (2025)

263 lenders acted on 6,178 mortgage applications for properties in Suffolk city in 2025. 16.3% were denied (Virginia: 15.9%). Median rate on closed loans 6.49%; median loan $295,000; median property value $415,000.

6.2kApplications
16.3%Denial ratestate 15.9%
6.49%Median ratestate 6.63%
$295,000Median loan
$415,000Median property value

Largest lenders in Suffolk city

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Navy Federal Credit Union D 516249 21.1%7.95%
2 Mortgage Research Center C 403223 13.9%6.25%
3 United Shore Financial Services B 326232 12.3%5.87%
4 Rocket Mortgage C 300224 16.0%6.49%
5 Freedom Mortgage B 280166 6.4%6.13%
6 American Neighborhood Mortgage Acceptance Company B 253170 3.2%6.50%
7 Atlantic Bay Mortgage Group A 201166 4.0%6.25%
8 Pennymac Loan Services C 19390 12.4%6.25%
9 Newrez D 19257 12.5%6.13%
10 Newport News Shipbuilding Employees Credit Union, Inc. DBA Bayport Credit Union C 14982 18.8%7.50%
11 Truist Bank C 14477 34.0%6.99%
12 Southern Trust Mortgage B 144113 4.2%6.50%
13 Towne Bank B 12192 5.0%7.00%
14 Movement Mortgage A 11181 2.7%6.50%
15 LANGLEY Federal Credit Union C 10371 26.2%7.49%
16 Tidewater Mortgage Services C 9866 6.1%6.63%
17 Broker Solutions D 8824 14.8%6.63%
18 Crosscountry Mortgage B 8055 3.8%6.45%
19 NVR Mortgage Finance B 7946 30.4%5.87%
20 Village Capital & Investment C 7436 20.3%5.75%
21 Calcon Mutual Mortgage D 7349 2.7%6.63%
22 Atlantic Coast Mortgage A 6953 0.0%6.49%
23 Loandepot.Com D 6438 25.0%7.38%
24 Vanderbilt Mortgage and Finance F 640 48.4%—
25 Spring Eq D 6114 62.3%10.03%

Best approval odds in Suffolk city

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

#LenderDecidedDecision denial rate
1Atlantic Coast Mortgage550.0%
2Movement Mortgage953.2%
3Calcon Mutual Mortgage513.9%
4American Neighborhood Mortgage Acceptance Company1794.5%
5Atlantic Bay Mortgage Group1744.6%
6Southern Trust Mortgage1195.0%
7Crosscountry Mortgage595.1%
8Towne Bank1055.7%
9Tidewater Mortgage Services728.3%
10Freedom Mortgage2058.8%

What Suffolk city borrowers applied for

By loan purpose

Home purchase 2,614 42% · 7.4% denied
Refinance 1,251 20% · 10.6% denied
Cash-out refinance 1,097 18% · 27.4% denied
Home improvement 516 8% · 27.9% denied
Other / HELOC 700 11% · 33.4% denied

By loan type

Conventional 2,883 47% · 21.2% denied
FHA 870 14% · 20.1% denied
VA 2,425 39% · 9.0% denied

Why applications were denied

Credit history 284 28%
Debt-to-income ratio 280 28%
Incomplete application 131 13%
Collateral 115 11%
Other 109 11%
Unverifiable information 49 5%
Insufficient cash 32 3%
Employment history 4 0%

Suffolk city by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20234,7912,75119.1%6.75%$255,000
20245,6443,36215.7%6.63%$285,000
20256,1783,53816.3%6.49%$295,000

Frequently asked questions

16.3% of applications in Suffolk city were denied in 2025, against 15.9% statewide in Virginia.

Navy Federal Credit Union, with 516 applications in 2025 and a denial rate of 21.1%.

The median mortgage application in Suffolk city in 2025 was for $295,000; the median property value on originated loans was $415,000.