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FRC Intelligence · 2025 federal record

Richmond, VA: 22.1% of FHA applications were denied in 2025.

Of 6,546 FHA applications reaching a credit decision in this metro in 2025, 1,445 were formally denied. Small applications (<$150K) were denied at 45.5% vs 18.2% for large ones ($250K+) — a 2.50× penalty.

The doors of Richmond, VA

The metro's five highest-volume FHA lenders, by observed 2025 denial rate — a 22.4-point spread inside one metro:

LenderDecisioned apps (this metro)Denial rate
FREEDOM MORTGAGE CORPORATION30214.6%
United Wholesale Mortgage46820.1%
PENNYMAC LOAN SERVICES LLC22024.5%
ROCKET MORTGAGE58624.9%
NVR MORTGAGE FINANCE, INC.36237.0%

What to do with this

A metro average is a tendency, not a rule — and the table above shows why: the same city contains very different doors. If you've been denied, decode the reason first, then pick the next door on the record, not on advertising.

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