Virginia Federal Credit Union mortgage approval rate & lending review
Virginia Federal Credit Union decided 6,499 mortgage applications and funded 4,813 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Virginia Federal Credit Union reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Virginia Federal Credit Union at a glance
Approval is 3.7 points above the 71.1% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 92% | 1,639 / 1,778 | 100% | $315K | 1,636 |
| Home improvement loans | 65% | 2,080 / 3,187 | 98% | $65K | 2,046 |
| Cash-out refinance | 75% | 935 / 1,253 | 98% | $105K | 921 |
| Refinance | 75% | 123 / 164 | 99% | $245K | 122 |
| Investment property purchase | 90% | 36 / 40 | 100% | $395K | 36 |
| Investment cash-out refinance | 80% | 35 / 44 | 100% | $75K | 35 |
Virginia Federal Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Virginia | 75% | $105K | 6,482 | 4,803 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Virginia Federal Credit Union lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Chesterfield County, VA | Home improvement loans | 65% | 1,226 | 779 |
| Chesterfield County, VA | Mortgage lenders | 93% | 579 | 535 |
| Henrico County, VA | Mortgage lenders | 91% | 539 | 491 |
| Henrico County, VA | Home improvement loans | 62% | 792 | 481 |
| Chesterfield County, VA | Cash-out refinance | 77% | 419 | 318 |
| Richmond city, VA | Mortgage lenders | 94% | 310 | 291 |
| Henrico County, VA | Cash-out refinance | 74% | 390 | 284 |
| Hanover County, VA | Home improvement loans | 78% | 347 | 267 |
| Richmond city, VA | Home improvement loans | 63% | 386 | 239 |
| Hanover County, VA | Mortgage lenders | 95% | 133 | 127 |
| Spotsylvania County, VA | Home improvement loans | 70% | 179 | 121 |
| Richmond city, VA | Cash-out refinance | 71% | 157 | 110 |
The county markets where Virginia Federal Credit Union made the most loans. Each link opens that market with every lender ranked.
Questions about Virginia Federal Credit Union
What is Virginia Federal Credit Union's mortgage approval rate?
Virginia Federal Credit Union approved 74.9% of the 6,499 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 3.7 points above the 71.1% national rate for the same mix of loan types.
How often do borrowers take the loan Virginia Federal Credit Union offers?
Borrowers accepted 99% of the loans Virginia Federal Credit Union approved, against 93% for all home improvement loan lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Virginia Federal Credit Union make?
The typical home improvement loan loan Virginia Federal Credit Union made was $65K; across all loan types its typical loan ran from $65K to $395K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Virginia Federal Credit Union lend?
Virginia Federal Credit Union decided applications in 5 of the states Fat Boy Data covers, most of them in Virginia, Georgia and North Carolina.
Can I apply to Virginia Federal Credit Union directly?
Yes. Virginia Federal Credit Union is a bank or credit union with 43 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Virginia Federal Credit Union's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Virginia Federal Credit Union treats applications, then get a rate quote from the lender.