Waynesboro city, Virginia · 2025

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

157 lenders acted on 1,092 mortgage applications for properties in Waynesboro city in 2025. 13.0% were denied (Virginia: 15.9%). Median rate on closed loans 6.75%; median loan $205,000; median property value $295,000.

1.1kApplications
13.0%Denial ratestate 15.9%
6.75%Median ratestate 6.63%
$205,000Median loan
$295,000Median property value

Largest lenders in Waynesboro city

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 DuPont Community Federally Insured State-Chartered Credit Union A 154129 11.7%7.25%
2 Rocket Mortgage C 6858 13.2%6.49%
3 Alcova Mortgage A 3328 3.0%6.93%
4 Mortgage Research Center C 2719 0.0%6.50%
5 City National Bank of West Virginia C 2620 15.4%6.50%
6 Navy Federal Credit Union D 2514 16.0%6.25%
7 Movement Mortgage A 2417 8.3%6.75%
8 University of Virginia Community Credit Union F 2314 17.4%
9 C & F Mortgage A 2315 8.7%7.13%
10 Gray Fox Mortgage A 2218 0.0%6.25%
11 Lower C 2120 0.0%6.88%
12 Newrez D 212 9.5%6.44%
13 Pennymac Loan Services C 2014 10.0%8.13%
14 Freedom Mortgage B 2010 5.0%6.25%
15 United Shore Financial Services B 1912 15.8%5.79%
16 Truist Bank C 1812 27.8%6.49%
17 Prosperity Home Mortgage A 1813 0.0%6.25%
18 Vanderbilt Mortgage and Finance F 180 61.1%
19 Atlantic Union Bank C 1711 29.4%8.00%
20 F & M Bank B 1612 0.0%6.69%
21 Calcon Mutual Mortgage D 1610 6.3%5.38%
22 NVR Mortgage Finance B 1610 31.3%6.44%
23 CMG Mortgage A 1614 6.3%6.75%
24 AmeriSave Mortgage D 156 40.0%8.38%
25 New Day Financial F 155 26.7%7.25%

Best approval odds in Waynesboro city

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

#LenderDecidedDecision denial rate
1DuPont Community Federally Insured State-Chartered Credit Union14712.2%
2Rocket Mortgage6813.2%

What Waynesboro city borrowers applied for

By loan purpose

Home purchase 554 51% · 8.1% denied
Refinance 136 12% · 8.1% denied
Cash-out refinance 220 20% · 20.5% denied
Home improvement 109 10% · 21.1% denied
Other / HELOC 73 7% · 24.7% denied

By loan type

Conventional 777 71% · 13.9% denied
FHA 208 19% · 12.0% denied
VA 104 10% · 7.7% denied
USDA / RHS 3 0% · 33.3% denied

Why applications were denied

Credit history 47 35%
Debt-to-income ratio 40 30%
Incomplete application 17 13%
Other 12 9%
Collateral 11 8%
Unverifiable information 6 4%
Employment history 2 1%

Waynesboro city by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202397662616.8%6.95%$185,000
202499962814.7%7.00%$195,000
20251,09272313.0%6.75%$205,000

Frequently asked questions

13.0% of applications in Waynesboro city were denied in 2025, against 15.9% statewide in Virginia.

DuPont Community Federally Insured State-Chartered Credit Union, with 154 applications in 2025 and a denial rate of 11.7%.

The median mortgage application in Waynesboro city in 2025 was for $205,000; the median property value on originated loans was $295,000.