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home improvement loan lenders · HMDA 2023–2025

Home improvement loan lenders in Virginia

Fat Boy Data analyzed home improvement loan activity in Virginia to show which lenders are making these loans, how often they approve, how often borrowers accept the offer, and how much they typically finance. 54,000 applications were decided by 310 lenders between 2023 and 2025.

Virginia at a glance

310Active lenders101 with 20+ decisions
65.0%Market approval rate35,122 of 54,000 decided
$85KTypical loanmedian lender, $10K brackets
94%Borrower take-up32,934 loans funded

How Virginia compares

Approval rate compared
Virginia65.0%All 616 counties62.7%
Typical loan compared
Virginia$85KAll 616 counties$75K

What the data shows

Navy Federal Credit Union made the most home improvement loans in Virginia, 6,572 of them.

Call Federal Credit Union approved the highest share of applications among lenders with at least 20 decisions here, 100% of 248.

The typical home improvement loan here is $85K, 13% larger than the the United States typical of $75K.

No lender with a meaningful sample here has a typical home improvement loan at or below $35K, so small jobs are poorly served by the banks in this market.

Approval rate of all 60 lenders with 20+ decisions here
0%25%50%75%100%Discover Bank: 36% approved of 1,438Spring Eq, LLC: 38% approved of 1,228Manufacturers and Traders Trust Company: 42% approved of 962Bank of America, National Association: 46% approved of 5,230Truist Bank: 47% approved of 3,976Alliant Credit Union: 47% approved of 173Dollar Bank, Federal Savings Bank: 49% approved of 332U.S. Bank National Association: 50% approved of 561Fourleaf: 56% approved of 269United Bank: 58% approved of 393New American Funding, LLC: 59% approved of 121Truliant Federal Credit Union: 59% approved of 66Loandepot.Com, LLC: 61% approved of 143TD Bank, National Association: 61% approved of 660PNC Bank, National Association: 63% approved of 1,874Apple Federal Credit Union: 64% approved of 1,959Pentagon Federal Credit Union: 64% approved of 1,861Fulton Bank, National Association: 65% approved of 258First National Bank of Pennsylvania: 65% approved of 489Argent Federal Credit Union: 65% approved of 66Virginia Federal Credit Union: 65% approved of 3,182Primis Bank: 66% approved of 65Topside Federal Credit Union: 67% approved of 96Atlantic Union Bank: 68% approved of 1,405Citizens Bank, National Association: 68% approved of 984ABNB Federal Credit Union: 68% approved of 650Third Federal Savings And Loan Association Of Cleveland: 68% approved of 685Sandy Spring Bank: 69% approved of 230Chartway Federal Credit Union: 69% approved of 857Burke & Herbert Bank & Trust Company: 71% approved of 75Citizens and Farmers Bank: 71% approved of 388TOWER Federal Credit Union: 71% approved of 1,1101St Advantage Federal Credit Union: 72% approved of 463Figure Lending LLC: 73% approved of 1,349Commonwealth One: 73% approved of 75Navy Federal Credit Union: 74% approved of 9,115Nextmark: 74% approved of 171University of Virginia Community Credit Union, Inc.: 75% approved of 382First-Citizens Bank & Trust Company: 75% approved of 260Southern Bank and Trust Company: 76% approved of 108Rocket Mortgage, LLC: 76% approved of 133CommonWealth One Federal Credit Union: 77% approved of 135First Technology: 78% approved of 101SouthState Bank, National Association: 78% approved of 65Henrico Federal Credit Union: 79% approved of 100Langley Federal Credit Union: 80% approved of 1,939State Department Federal Credit Union: 80% approved of 224Northwest Federal Credit Union: 81% approved of 1,154TowneBank: 81% approved of 603The Loan Store, Inc.: 81% approved of 91Movement Mortgage, LLC: 81% approved of 86The Old Point National Bank of Phoebus: 82% approved of 83Guaranteed Rate, Inc.: 82% approved of 80Newport News Shipbuilding Employees Credit Union, Inc. Dba Bayport Credit Union: 83% approved of 1,225Nationstar Mortgage LLC: 84% approved of 247Homebridge Financial Services, Inc.: 85% approved of 200JUSTICE Federal Credit Union: 95% approved of 119United States Senate Federal Credit Union: 96% approved of 140Coastal Community Bank: 98% approved of 956Call Federal Credit Union: 100% approved of 248

Each dot is one lender, placed at its approval rate. Hover for the name and sample size.

Home improvement loan lenders in Virginia

LenderApprovalApprovedTaken upTypical loanLoans made
1Navy Federal Credit Union74%6,756 / 9,11597%$75K6,572
2Bank of America, National Association46%2,390 / 5,23097%$105K2,324
3Truist Bank47%1,861 / 3,97692%$125K1,713
4Virginia Federal Credit Union65%2,078 / 3,18298%$65K2,045
5Apple Federal Credit Union64%1,251 / 1,959100%$105K1,251

Ranked by lending volume. Approval is the share of decided applications a lender approved; taken up is the share of approvals the borrower accepted. Lenders with fewer than 20 decisions are marked as a limited sample and are never used for a “highest approval” claim. How these numbers are built.

Fat Boy found 305 more lenders.

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Other lending data for Virginia

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Counties in Virginia

Fairfax CountyCountyPrince William CountyCountyVirginia Beach cityCountyLoudoun CountyCountyChesterfield CountyCountyHenrico CountyCountyChesapeake cityCountyArlington CountyCountyNorfolk cityCountyRichmond cityCountyNewport News cityCountyStafford CountyCounty