Safe Rate Rankings

Best FHA Mortgage Lenders in Virginia

Updated June 4, 2026

Rankings are a starting point, not a verdict. Safe Rate recommends speaking with 2-3 lenders to find the right fit for your home loan!

⚖️ The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.

🛡️ No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

📊 HMDA 2024Built using publicly available originated loan data from the federal government.

🎯 Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.

Market

Total Lenders363

Total Loans107,069

Median Rate Spread0.23%

Virginia Market Insights

First Heritage Mortgage is Safe Rate's top-ranked FHA lender in Virginia, leading on pricing, pullthrough, FHA product expertise, and local knowledge.
There is often a pricing vs. pullthrough tradeoff in mortgage lending. In Virginia, Pennymac Loan Services and Virginia Credit Union scores highest on FHA pricing while Alcova Mortgage and First Heritage Mortgage leads on likelihood to close. That is why we encourage speaking with multiple lenders.
United Wholesale Mortgage (UWM) ranks #2 in Virginia, serving as the platform behind many independent local brokers who live and work in the community. A local broker knows the neighborhoods, the local market, and is personally invested in your outcome. Real estate agents often prefer referring local brokers for their accessibility and responsiveness, qualities that matter when a deal is moving fast. Pricing and experience can vary by broker.
Rocket Mortgage ranks #4 in Virginia, the nation's largest lender by volume.

Explore Rankings by Type

Overall Rankings

All lenders in Virginia

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By Institution Type

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Rank	Lender	Overall	Pricing	Product	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	First Heritage Mortgage, LLC Independent Mortgage CompanyDirect	Exceptional	Strong	Exceptional	Exceptional	Exceptional	$2,628Fees	0.111%Above	2,537
2	UNITED WHOLESALE MORTGAGE, LLC Independent Mortgage CompanyWholesale	Exceptional	Sound*	Exceptional	Exceptional	Exceptional	$2,621Fees	0.053%Below	5,540
3	INTERCOASTAL MORTGAGE, LLC Independent Mortgage CompanyDirect	Exceptional	Strong	Strong	Strong	Exceptional	$3,021Fees	0.033%Above	1,467
4	ROCKET MORTGAGE, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Exceptional	Exceptional	$4,013Fees	0.255%Above	8,280
5	FREEDOM MORTGAGE CORPORATION Independent Mortgage CompanyDirect & Wholesale	Strong	Strong*	Exceptional	Strong	Exceptional	$1,846Fees	0.016%Below	2,170
6	Prosperity Home Mortgage, LLC Independent Mortgage CompanyDirect	Strong	Strong	Exceptional	Strong	Exceptional	$2,190Fees	0.205%Above	1,856
7	PENNYMAC LOAN SERVICES, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Strong*	Exceptional	Sound	Exceptional	$1,989Fees	0.271%Below	1,090
8	Virginia Credit Union, Inc. Credit UnionDirect	Strong	Strong	Strong	Strong	Exceptional	$865Fees	0.206%Above	959
9	Alcova Mortgage LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Exceptional	Exceptional	$2,085Fees	0.485%Above	2,183
10	Towne Bank BankDirect	Strong	Sound	Exceptional	Exceptional	Exceptional	$2,887Fees	0.177%Above	872
11	LOANDEPOT.COM, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Exceptional	$2,615Fees	0.067%Above	1,197
12	CAPITAL CENTER, L.L.C. Independent Mortgage CompanyDirect	Strong	Exceptional	Strong	Sound	Exceptional	$679Fees	0.109%Above	987
13	ATLANTIC BAY MORTGAGE GROUP, L.L.C. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Exceptional	Exceptional	$3,457Fees	0.328%Above	3,596
14	Truist Bank BankDirect	Strong	Strong	Strong	Sound	Exceptional	$600Fees	0.033%Above	1,973
15	NFM, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Exceptional	Exceptional	$3,691Fees	0.437%Above	1,384
16	Manufacturers and Traders Trust Company BankDirect	Strong	Strong	Exceptional	Strong	Strong	$573Fees	0.090%Below	460
17	MOVEMENT MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$2,905Fees	0.226%Above	3,473
18	Atlantic Coast Mortgage, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Exceptional	Exceptional	$2,984Fees	0.143%Above	2,726
19	United Bank BankDirect	Strong	Strong	Strong	Strong	Exceptional	$2,070Fees	0.054%Above	1,181
20	Ameris Bank BankDirect	Strong	Sound	Exceptional	Strong	Exceptional	$3,795Fees	0.068%Above	756
21	FREEDOM FIRST Federal Credit Union Credit UnionDirect	Strong	Exceptional	Strong	Strong	Exceptional	$1,652Fees	0.204%Above	311
22	CMG MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$2,283Fees	0.061%Above	1,677
23	First National Bank of Pennsylvania BankDirect	Strong	Exceptional	Strong	Strong	Strong	$1,253Fees	0.016%Above	486
24	Flagstar Bank, N.A. BankDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Strong	$3,194Fees	0.274%Above	233
25	NEWREZ LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Sound	Exceptional	$2,545Fees	0.236%Above	1,108
26	U.S. Bank National Association BankDirect	Strong	Strong	Exceptional	Sound	Strong	$175Credit	0.005%Below	546
27	FIRST COMMUNITY MORTGAGE, INC. Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Exceptional	Strong	$2,209Fees	0.346%Above	524
28	Fulton Bank, National Association BankDirect	Strong	Strong	Strong	Sound	Exceptional	$1,780Fees	0.302%Above	509
29	KIND LENDING, LLC Independent Mortgage CompanyWholesale	Strong	Sound*	Exceptional	Strong	Strong	$1,672Fees	0.218%Above	298
30	SWBC MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Sound	Exceptional	Exceptional	Strong	$3,741Fees	0.405%Above	288
31	NBKC BANK BankDirect	Strong	Exceptional	Strong	Sound	Strong	$338Fees	0.284%Below	247
32	FAIRWAY INDEPENDENT MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Exceptional	Exceptional	$2,893Fees	0.284%Above	1,469
33	GUARANTEED RATE, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$1,512Fees	0.105%Below	996
34	GUILD MORTGAGE COMPANY LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$2,885Fees	0.333%Above	712
35	CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	Strong	$2,621Fees	0.502%Above	355
36	C & F Mortgage Corporation Independent Mortgage CompanyDirect	Strong	Acceptable	Strong	Exceptional	Exceptional	$3,278Fees	0.331%Above	1,122
37	Atlantic Union Bank BankDirect	Strong	Sound	Strong	Strong	Exceptional	$2,168Fees	0.239%Above	641
38	VILLAGE BANK MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	—	Strong	Exceptional	Exceptional	$3,298Fees	0.538%Above	277
39	Tidewater Home Funding, LLC Independent Mortgage CompanyDirect	Strong	Strong	Strong	Strong	Strong	$3,265Fees	0.040%Above	258
40	Presidential Bank, FSB BankDirect	Strong	Acceptable	Strong	Strong	Exceptional	$3,289Fees	0.340%Above	687
41	EMBRACE HOME LOANS, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$3,239Fees	0.158%Above	671
42	UNION HOME MORTGAGE CORP. Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Exceptional	Strong	$3,007Fees	0.506%Above	666
43	Towne First Mortgage, LLC Independent Mortgage CompanyDirect	Strong	Sound	Strong	Strong	Exceptional	$2,349Fees	0.348%Above	341
44	F & M BANK CORP. Independent Mortgage CompanyDirect	Strong	Sound	Strong	Strong	Exceptional	$2,114Fees	0.284%Above	295
45	Plains Commerce Bank BankWholesale	Strong	Sound*	Exceptional	Strong	Strong	$3,047Fees	0.228%Above	255
46	GoodLeap, LLC Independent Mortgage CompanyDirect	Strong	Strong	Exceptional	Sound	Strong	$3,947Fees	0.390%Below	252
47	Citizens Bank, National Association BankDirect	Strong	Strong	Strong	Sound	Strong	$1,175Fees	0.074%Below	248
48	AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC Independent Mortgage CompanyDirect	Strong	Mediocre	Exceptional	Strong	Exceptional	$3,695Fees	0.375%Above	1,740
49	JPMorgan Chase Bank, National Association BankDirect & Wholesale	Strong	Sound*	Strong	Sound	Exceptional	$2,242Fees	0.051%Above	1,157
50	Integrity Home Mortgage Corporation Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$3,728Fees	0.480%Above	749

❓ Frequently Asked Questions

How are mortgage lenders ranked in Virginia?+

Safe Rate ranks lenders using the 4 Ps framework, derived entirely from HMDA (Home Mortgage Disclosure Act) data: Pricing (how competitively a lender prices loans vs. the market benchmark), Pullthrough (how effectively a lender closes applications), Place (the lender's depth of expertise in Virginia), and Product (performance on specific loan types). Each lender receives a composite Safe Rate Score from 0–100. No lender pays to appear in the rankings.

What is the Safe Rate Score?+

The Safe Rate Score is a 0–100 composite index measuring a lender's performance across Pricing, Pullthrough, Place, and Product. Scores of 80 or above earn Champion status; scores of 60–79 earn Superstar status. All scores are calculated from verified HMDA data — no lender can pay to improve their position.

How many mortgage lenders are active in Virginia?+

Based on 2024 HMDA data, 363 lenders originated a combined 107,069 loans in Virginia. Safe Rate's rankings evaluate all of them — not just a curated shortlist.

What does the rate spread tell me about a lender in Virginia?+

Rate spread measures how much above the Average Prime Offer Rate (APOR) a lender charges. The median rate spread in Virginia is 0.23%. Lenders in Safe Rate's top rankings consistently price below this median, meaning borrowers typically pay less interest over the life of their loan.

What is HMDA data and why does Safe Rate use it?+

HMDA (Home Mortgage Disclosure Act) is a federal law requiring every mortgage lender to disclose every loan application annually — including rates, amounts, approvals, and denials. Safe Rate uses HMDA because it is government-verified, covers all lenders equally, and cannot be gamed. It is the most objective foundation available for lender rankings.

Does Safe Rate accept payment from lenders to appear in rankings?+

No. Safe Rate rankings are strictly data-driven. No lender can pay to appear in or improve their position in Safe Rate's rankings. The only factor that determines a lender's rank is their verified HMDA performance data.

What is the difference between a bank, credit union, and independent mortgage company?+

Banks and credit unions offer mortgages alongside checking, savings, and other products. Independent Mortgage Companies (IMCs) focus exclusively on originating loans and often offer more product variety and speed. In Virginia's rankings, all three institution types are evaluated on the same HMDA performance metrics.

How We Rank Lenders

Our rankings use a weighted average of scores across equally-weighted categories to evaluate lenders on a linear, raw performance scale.

Our Point System (Max 40 Points)

Pricing

Rate and fee competitiveness (25%)

Pull Through

Reliability in closing loans (25%)

Product

Specialization in the loan type (25%)

Place

Local market expertise (25%)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

⚖️ Licensing & Disclosures

Lender rankings and market statistics are created by Dylan Hall, licensed mortgage loan officer (NMLS #1658740). Safe Rate is a mortgage technology platform; mortgage lending services are provided by PartnerOwn LLC dba Safe Rate Mortgage, a licensed mortgage broker and lender (NMLS #1590949). Safe Rate Mortgage is a lending partner of some of the lenders ranked on this page, and Safe Rate Inc. has software or service customers on this list; however, all rankings are calculated using objective, public Home Mortgage Disclosure Act (HMDA) datasets, completely independent of any corporate partnerships, client relationships, or compensation.