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Virginia Beach city, Virginia · 2025

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

431 lenders acted on 19,755 mortgage applications for properties in Virginia Beach city in 2025. 14.7% were denied (Virginia: 15.9%). Median rate on closed loans 6.63%; median loan $265,000; median property value $425,000.

20kApplications
14.7%Denial ratestate 15.9%
6.63%Median ratestate 6.63%
$265,000Median loan
$425,000Median property value

Largest lenders in Virginia Beach city

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Navy Federal Credit Union D 2,3861,186 20.9%8.00%
2 United Shore Financial Services B 998748 7.9%6.12%
3 Rocket Mortgage C 973753 13.6%6.75%
4 Mortgage Research Center C 864447 12.9%6.25%
5 Freedom Mortgage B 688327 5.2%6.25%
6 American Neighborhood Mortgage Acceptance Company B 579436 1.9%6.50%
7 Pennymac Loan Services C 532279 9.2%6.49%
8 Newrez D 520202 15.2%6.44%
9 Atlantic Bay Mortgage Group A 466387 1.5%6.50%
10 Southern Trust Mortgage B 454328 3.7%6.50%
11 Truist Bank C 443216 37.5%6.61%
12 Towne Bank B 434352 9.5%7.25%
13 LANGLEY Federal Credit Union C 423328 18.9%6.99%
14 Bank of America F 412184 31.8%6.24%
15 Chartway Federal Credit Union B 405250 23.7%2.99%
16 Movement Mortgage A 379291 4.8%6.62%
17 Newport News Shipbuilding Employees Credit Union, Inc. DBA Bayport Credit Union C 375257 6.4%7.50%
18 Crosscountry Mortgage B 250183 2.4%6.49%
19 ABNB Federal Credit Union D 241123 34.4%6.74%
20 Coastal Community Bank C 20948 3.4%8.99%
21 Loandepot.Com D 206127 17.5%7.69%
22 Tidewater Mortgage Services C 196140 4.1%6.63%
23 Spring Eq D 19272 45.8%9.58%
24 Broker Solutions D 18679 9.7%6.75%
25 Advance Financial Group B 183148 1.1%6.63%

Best approval odds in Virginia Beach city

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

#LenderDecidedDecision denial rate
1Archer Mortgage660.0%
2Towne Mortgage1360.7%
3Advance Financial Group1511.3%
4Atlantic Bay Mortgage Group3961.8%
5Emm Loans541.9%
6Alcova Mortgage502.0%
7Atlantic Coast Mortgage1422.1%
8American Neighborhood Mortgage Acceptance Company4512.4%
9C & F Mortgage702.9%
10Crosscountry Mortgage1943.1%

What Virginia Beach city borrowers applied for

By loan purpose

Home purchase 7,582 38% · 5.6% denied
Refinance 3,435 17% · 13.4% denied
Cash-out refinance 3,579 18% · 19.2% denied
Home improvement 2,401 12% · 24.3% denied
Other / HELOC 2,758 14% · 27.0% denied

By loan type

Conventional 12,581 64% · 17.4% denied
FHA 1,809 9% · 15.8% denied
VA 5,364 27% · 7.9% denied
USDA / RHS 1 0% · 0.0% denied

Why applications were denied

Debt-to-income ratio 961 33%
Credit history 658 23%
Incomplete application 474 16%
Other 345 12%
Collateral 278 10%
Unverifiable information 107 4%
Insufficient cash 48 2%
Employment history 27 1%

Virginia Beach city by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202315,6899,16418.8%6.88%$215,000
202417,40510,42116.5%6.75%$245,000
202519,75511,92714.7%6.63%$265,000

Frequently asked questions

14.7% of applications in Virginia Beach city were denied in 2025, against 15.9% statewide in Virginia.

Navy Federal Credit Union, with 2,386 applications in 2025 and a denial rate of 20.9%.

The median mortgage application in Virginia Beach city in 2025 was for $265,000; the median property value on originated loans was $425,000.