Best mortgage lenders in Virginia
No lender is best for everyone, so this page ranks Virginia lenders on what federal records can measure: who makes the most loans here, who leads for FHA and VA, and what their Virginia borrowers paid. All figures are 2025 HMDA data; no lender pays to be listed.
Who leads for what in Virginia
"Most loans" and "Largest average loan" are among the 15 lenders with the most Virginia originations in 2025 (the latter counts lenders with at least 300 loans in the state); FHA and VA leaders count every lender's home-purchase loans.
The 15 lenders that made the most home loans in Virginia
| # | Lender | Type | Loans | FHA | VA | Avg loan | Approval* |
|---|---|---|---|---|---|---|---|
| 1 | Rocket Mortgage | Nonbank lender | 14,489 | 14.0% | 12.1% | $287,049 | 83.5% |
| 2 | United Wholesale Mortgage | Nonbank lender | 10,136 | 18.2% | 37.6% | $407,307 | 87.4% |
| 3 | Navy Federal Credit Union | Credit union | 9,684 | 0.0% | 15.6% | $227,035 | 72.1% |
| 4 | Truist | Bank | 6,374 | 1.3% | 1.7% | $292,806 | 63.0% |
| 5 | Veterans United | Nonbank lender | 4,500 | 2.6% | 93.8% | $395,367 | 75.0% |
| 6 | Movement Mortgage | Nonbank lender | 4,339 | 20.4% | 22.6% | $343,336 | 94.2% |
| 7 | PennyMac | Nonbank lender | 4,338 | 17.2% | 25.9% | $330,009 | 83.0% |
| 8 | Atlantic Bay Mortgage Group, L.L.C. | — | 4,244 | 20.6% | 21.7% | $329,500 | 98.2% |
| 9 | Freedom Mortgage | Nonbank lender | 3,646 | 25.6% | 65.5% | $409,095 | 87.6% |
| 10 | Virginia Credit Union, Inc. | — | 3,576 | 4.9% | 1.6% | $180,280 | 78.9% |
| 11 | Atlantic Coast Mortgage, LLC | — | 3,458 | 14.4% | 17.9% | $440,544 | 97.8% |
| 12 | Atlantic Union Bank | — | 3,237 | 4.9% | 1.2% | $261,827 | 73.3% |
| 13 | CrossCountry Mortgage | Nonbank lender | 2,938 | 18.3% | 20.9% | $461,072 | 95.5% |
| 14 | NVR Mortgage | Nonbank lender | 2,711 | 28.7% | 21.7% | $396,575 | 77.5% |
| 15 | Langley Federal Credit Union | — | 2,701 | 0.1% | 0.4% | $132,464 | 78.8% |
Source: 2025 HMDA originations, FFIEC/CFPB. FHA/VA = share of each lender's Virginia loans. *Approval = originated ÷ (originated + denied); it mirrors a lender's channel and borrower mix, not how hard it is to qualify.
Also among the 25 lenders with the most HMDA filings here: Newrez, Chase, Bank of America, AmeriHome Mortgage Company, LLC, Vanderbilt Mortgage And Finance, Inc., Mr. Cooper, Figure Lending LLC, Planet Home Lending, loanDepot, CMG Home Loans.
FHA lenders in Virginia
14,955 FHA home-purchase loans were made in Virginia in 2025 by 302 lenders. The typical FHA buyer here paid $11,813 in loan costs, including the 1.75% upfront mortgage insurance premium, at a median rate of 6.25%. The ten lenders that made the most:
| # | Lender | FHA purchases | Share | Loan costs | APR vs benchmark |
|---|---|---|---|---|---|
| 1 | United Wholesale Mortgage | 864 | 5.8% | $13,012 | +0.44 |
| 2 | Atlantic Bay Mortgage Group, L.L.C. | 795 | 5.3% | $10,883 | +0.65 |
| 3 | NVR Mortgage | 777 | 5.2% | $14,129 | +0.26 |
| 4 | Movement Mortgage | 764 | 5.1% | $12,176 | +0.87 |
| 5 | Rocket Mortgage | 661 | 4.4% | $11,176 | +0.40 |
| 6 | Alcova Mortgage LLC | 607 | 4.1% | $6,252 | +0.58 |
| 7 | American Neighborhood Mortgage Acceptance Company LLC | 540 | 3.6% | $12,138 | +0.81 |
| 8 | Atlantic Coast Mortgage, LLC | 466 | 3.1% | $12,802 | +0.51 |
| 9 | First Heritage Mortgage, LLC | 392 | 2.6% | $13,651 | +0.31 |
| 10 | CrossCountry Mortgage | 384 | 2.6% | $12,625 | +0.69 |
| All Virginia FHA buyers | 14,955 | 100% | $11,813 | +0.49 |
Among them, Alcova Mortgage LLC had the lowest median loan costs ($6,252) and NVR Mortgage the highest ($14,129) — $7,877 apart on similar loans, which is why a second Loan Estimate is worth getting. Homebuilder-owned lenders can show far-below-market APRs because builders pay to buy down the rate on their own new homes.
Source: 2025 HMDA loan-level records (FFIEC/CFPB), first-lien FHA home purchases in Virginia. Costs and APR vs benchmark are medians of each lender's 30-year fixed loans here; "—" = fewer than 30. How we compare lenders.
VA lenders in Virginia
20,186 VA home-purchase loans were made in Virginia in 2025 by 316 lenders. The typical VA buyer here paid $8,477 in loan costs (including the VA funding fee for borrowers who owe it) at a median rate of 6.20%. The ten lenders that made the most:
| # | Lender | VA purchases | Share | Loan costs | APR vs benchmark |
|---|---|---|---|---|---|
| 1 | Veterans United | 3,458 | 17.1% | $6,547 | −0.24 |
| 2 | Navy Federal Credit Union | 1,139 | 5.6% | $6,825 | −0.58 |
| 3 | American Neighborhood Mortgage Acceptance Company LLC | 874 | 4.3% | $8,078 | −0.11 |
| 4 | United Wholesale Mortgage | 828 | 4.1% | $7,167 | −0.35 |
| 5 | Atlantic Bay Mortgage Group, L.L.C. | 805 | 4.0% | $10,374 | −0.29 |
| 6 | Movement Mortgage | 764 | 3.8% | $10,282 | −0.19 |
| 7 | NVR Mortgage | 589 | 2.9% | $5,146 | −0.65 |
| 8 | Atlantic Coast Mortgage, LLC | 552 | 2.7% | $11,201 | −0.33 |
| 9 | CMG Home Loans | 535 | 2.7% | $11,689 | −0.57 |
| 10 | Freedom Mortgage | 509 | 2.5% | $10,685 | −0.22 |
| All Virginia VA buyers | 20,186 | 100% | $8,477 | −0.33 |
Among them, NVR Mortgage had the lowest median loan costs ($5,146) and CMG Home Loans the highest ($11,689) — $6,543 apart, though VA costs also depend on how many of a lender's borrowers are exempt from the funding fee.
Source: 2025 HMDA loan-level records (FFIEC/CFPB), first-lien VA home purchases in Virginia. Costs and APR vs benchmark are medians of each lender's 30-year fixed loans here; "—" = fewer than 30. Data notes and limits.
How concentrated is the Virginia market?
1,004 institutions reported Virginia home-loan records for 2025 — the 15th-most of any state. The single most active lender accounts for 5.3% of all records and the top five for 22.1%, the 25th-least concentrated market of 51. With volume spread across many lenders, there is plenty of room to shop beyond the biggest names.
How to choose a lender in Virginia
Virginia borrowers took FHA loans 11.6% of the time and VA loans 16.7% (U.S. 13.2% and 8.2%). Buying near $832,750 or above? 18 Virginia counties have a higher conforming limit, so check which side of the jumbo line your county puts you on before comparing quotes.
Get Loan Estimates from three or more lenders in the same two-week window (one credit inquiry) and compare APRs. For down-payment help, ask whether they are approved for Virginia Housing's Down Payment Assistance Grant or Plus Second Mortgage — only participating lenders can offer them (terms and sources).
Virginia checks: SCC licensing and Virginia Housing lenders
Virginia’s mortgage lenders and brokers are regulated by the State Corporation Commission’s Bureau of Financial Institutions (BFI). For mortgage brokers, lenders, lender-brokers and loan originators, BFI uses NMLS Consumer Access as its official system of record, so that is where a Virginia license shows up. Its Verify a License page gives a phone number, 804-371-9657, for companies you can’t find, and complaints go through BFI’s complaint page.
For its homebuyer loans and grants, Virginia Housing points buyers to its approved lenders. Its Find a Lender page searches loan officers by ZIP code, and its Approved Lender List (dated October 2026) names the companies. Of the state’s five most active lenders, only Truist is on it. Eight of the ten biggest FHA purchase lenders in Virginia are.
In Virginia, you choose the settlement agent
Virginia law gives the buyer or borrower, not the seller, the choice of who handles the closing. Per the Code of Virginia, § 55.1-1006 and § 55.1-1007:
- A purchaser or borrower has the right to select the settlement agent for the escrow, closing or settlement.
- The seller may not require a particular settlement agent as a condition of the sale.
- Purchase contracts for homes of up to four units must state this right in at least 10-point bold type.
- These rights can’t be waived or changed by agreement.
- If part of the price is financed, your lender instructs the settlement agent on signing and recording the loan documents and paying out the loan.
So the lender and the settlement agent are two separate choices. A settlement agent can give legal advice only if it is a Virginia lawyer you have hired for that purpose.
Navy Federal and Virginia-based lenders in the ranking
Vienna-based Navy Federal Credit Union ranked 3rd among Virginia lenders by HMDA records (19,436) in 2025 and 3rd by loans made (9,684). It reported no FHA loans in Virginia, but it made 1,139 VA purchase loans, second only to Veterans United. As a credit union, it lends to its members, so check eligibility first. It is not on Virginia Housing’s approved list.
Five of the ten biggest FHA purchase lenders in Virginia are Virginia-based mortgage companies: Atlantic Bay Mortgage Group (Virginia Beach, 2nd), NVR Mortgage (Reston, 3rd), Alcova Mortgage (Roanoke, 6th), Atlantic Coast Mortgage (Fairfax, 8th) and First Heritage Mortgage (Fairfax, 9th). One more Virginia credit union made the top 25: Virginia Credit Union of North Chesterfield (15th). Vanderbilt Mortgage and Finance (13th) is mainly a manufactured-home lender here: HMDA shows 460 of the 580 Virginia loans it made in 2025 financed manufactured homes.
| Lender | Based in | Type | Rank | 2025 records | FHA purchase rank |
|---|---|---|---|---|---|
| Navy Federal Credit Union | Vienna, VA | Credit union | 3 | 19,436 | — |
| Vanderbilt Mortgage and Finance | Maryville, TN | Manufactured-home lender | 13 | 5,876 | — |
| Atlantic Bay Mortgage Group | Virginia Beach, VA | Nonbank lender | 14 | 5,410 | 2 |
| Virginia Credit Union | North Chesterfield, VA | Credit union | 15 | 5,365 | — |
| Atlantic Union Bank | Glen Allen, VA | Bank | 17 | 4,976 | — |
| Atlantic Coast Mortgage | Fairfax, VA | Nonbank lender | 19 | 4,306 | 8 |
| NVR Mortgage | Reston, VA | Nonbank lender | 20 | 3,903 | 3 |
| Alcova Mortgage | Roanoke, VA | Nonbank lender | — | — | 6 |
| First Heritage Mortgage | Fairfax, VA | Nonbank lender | — | — | 9 |
Rank = position among the 25 lenders with the most Virginia HMDA records in 2025; FHA purchase rank = position among the ten biggest Virginia FHA home-purchase lenders in 2025; "—" = outside those lists. Headquarters from our lender profiles or the lender's GLEIF legal-entity record (linked).
Facts in the Virginia sections above were checked November 6, 2026 against these sources: Virginia SCC — Verify a License (archived Oct 10, 2026); Virginia SCC — File a Complaint; Virginia Housing — Find a Lender; Virginia Housing Approved Lender List (10/26); Virginia Housing — Home Loans; Code of Virginia § 55.1-1006; Code of Virginia § 55.1-1007; GLEIF — Virginia Credit Union; HMDA: Vanderbilt, Virginia loans by construction type. Agency lender lists, program terms and rules change often — confirm with the agency or lender before you rely on them.
Virginia lender FAQ
Who is the biggest mortgage lender in Virginia?
By 2025 federal HMDA data, Rocket Mortgage originated the most home loans in Virginia — about 14,489, or 7.1% of the state's originations.
Which lender makes the most FHA loans in Virginia?
United Wholesale Mortgage made the most FHA home-purchase loans in Virginia in 2025 — 864, or 5.8% of the 14,955 FHA purchases made by 302 lenders. Atlantic Bay Mortgage Group, L.L.C. (795) was second.
Which lender makes the most VA loans in Virginia?
Veterans United made the most VA home-purchase loans in Virginia in 2025 (3,458, 17.1% of the state's VA purchases). VA loans were 16.7% of Virginia originations, the 2nd-highest VA share among the states.
How much are closing costs on an FHA loan in Virginia?
The typical Virginia FHA buyer in 2025 paid $11,813 in total loan costs on a median $325,000 loan — lender fees, required third-party services and the 1.75% upfront mortgage insurance premium, per the Closing Disclosure.
That figure excludes recording taxes, prepaid interest and insurance, escrow deposits and the down payment.
Do you have to be a first-time buyer for a Virginia Housing loan?
Not for every loan. Virginia Housing’s down payment and closing cost assistance grants require a first-time buyer.
Its non-bond conventional loan has no first-time buyer requirement and no sales price limit, its non-bond FHA and VA loans can help repeat buyers “move up,” and the Plus Second Mortgage is open to first-time and repeat buyers.
Conventional loans need a 640 minimum credit score; FHA, VA and USDA loans go as low as 620. Income limits apply, and many of the loans require a free homebuying course; an approved lender can tell you which ones you qualify for.
Rankings are editorial and independent, built from public federal data — no lender pays to be listed. This is general information, not a recommendation or personalized advice. Confirm all terms directly with the lender.
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