Lender in Virginia · HMDA 2025
New American Funding mortgages in Virginia
New American Funding's 2025 home-purchase and refinance lending in Virginia, compared with all lenders in the state.
New American Funding originated 660 owner-occupied single-family loans in Virginia from 809 completed applications.
Its median conventional purchase loan costs were $6,390 versus $5,610 for all Virginia lenders, at a median 30-year fixed rate of 6.625% (Virginia: 6.625%).
Loans in VA
660
of 809 applications
Denial rate
8.1%
Purchase · VA 6.9%
Rate spread
+0.30 pts
Conv. · VA +0.10 pts
Loan amount
$345,000
Purchase · VA $385,000
By loan purpose
| Purpose | Applications | Loans | Denial rate | 30-yr rate* | Rate spread* | Loan costs* | Median loan |
|---|---|---|---|---|---|---|---|
| Home purchase | 443 | 407 | 8.1% | 6.625% | +0.30 pts | $6,390 | $345,000 |
| Refinance | 110 | 88 | 19.1% | — | −0.04 pts | $4,700 | $355,000 |
| Cash-out refinance | 256 | 165 | 35.2% | 6.875% | +0.70 pts | $6,800 | $265,000 |
*Conventional loans only; medians with at least 20 loans.
Virginia counties where New American Funding ranks in the top 25
Showing the 30 counties where it ranks highest, of 33.
| County | Rank | Loans | Market share |
|---|---|---|---|
| Franklin city | 8 | 6 | 3.2% |
| Bristol city | 9 | 7 | 3.0% |
| Lunenburg County | 9 | 3 | 2.8% |
| Galax city | 10 | 2 | 3.1% |
| Richmond County | 11 | 2 | 2.7% |
| Scott County | 12 | 3 | 2.1% |
| Bath County | 12 | 1 | 2.7% |
| Brunswick County | 13 | 2 | 2.1% |
| Bland County | 13 | 1 | 2.6% |
| Pittsylvania County | 14 | 8 | 1.5% |
| Halifax County | 14 | 4 | 1.4% |
| Essex County | 14 | 3 | 1.9% |
| Martinsville city | 14 | 2 | 1.3% |
| Grayson County | 15 | 2 | 1.4% |
| Patrick County | 15 | 2 | 1.4% |
| Buena Vista city | 15 | 1 | 1.3% |
| Henry County | 16 | 5 | 1.2% |
| Russell County | 16 | 2 | 1.2% |
| Staunton city | 17 | 7 | 1.7% |
| Lancaster County | 17 | 3 | 1.5% |
| Nottoway County | 17 | 3 | 1.7% |
| Northampton County | 17 | 2 | 1.4% |
| Franklin County | 18 | 7 | 1.1% |
| Tazewell County | 18 | 3 | 1.0% |
| Harrisonburg city | 19 | 3 | 1.2% |
| Mecklenburg County | 20 | 3 | 1.0% |
| Southampton County | 20 | 3 | 1.3% |
| Smyth County | 20 | 2 | 0.8% |
| Virginia Beach city | 21 | 63 | 0.9% |
| Portsmouth city | 21 | 17 | 0.8% |
- New American Funding nationwide
- Virginia mortgage market
- New American Funding in Texas
- New American Funding in California
- New American Funding in Georgia
- New American Funding in Illinois
- New American Funding in Florida
- New American Funding in Missouri
- New American Funding in Pennsylvania
- New American Funding in Minnesota
- New American Funding in Washington
- New American Funding in Ohio
- New American Funding in Tennessee
- New American Funding in North Carolina
Source: FFIEC/CFPB HMDA 2025 public LAR. Statistical profile, not a review or offer. Methodology