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home improvement loan lenders · HMDA 2023–2025

Home improvement loan lenders in Newport News city, Virginia

Fat Boy Data analyzed home improvement loan activity in Newport News city, 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. 1,569 applications were decided by 59 lenders between 2023 and 2025.

Newport News city at a glance

59Active lenders9 with 20+ decisions
68.1%Market approval rate1,069 of 1,569 decided
$55KTypical loanmedian lender, $10K brackets
94%Borrower take-up1,010 loans funded

How Newport News city compares

Approval rate compared
Newport News city68.1%Virginia65.0%All 616 counties62.7%
Typical loan compared
Newport News city$55KVirginia$85KAll 616 counties$75K

What the data shows

Langley Federal Credit Union made the most home improvement loans in Newport News city, VA, 364 of them.

That is 36% of every home improvement loan originated here, so this market is unusually concentrated in one lender.

TowneBank approved the highest share of applications among lenders with at least 20 decisions here, 96% of 25.

The typical home improvement loan here is $55K, 35% smaller than the Virginia typical of $85K.

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 9 lenders with 20+ decisions here
0%25%50%75%100%Discover Bank: 27% approved of 30Bank of America, National Association: 32% approved of 78Spring Eq, LLC: 41% approved of 27Truist Bank: 43% approved of 54Navy Federal Credit Union: 64% approved of 1781St Advantage Federal Credit Union: 76% approved of 202Langley Federal Credit Union: 77% approved of 472Newport News Shipbuilding Employees Credit Union, Inc. Dba Bayport Credit Union: 78% approved of 265TowneBank: 96% approved of 25

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

Home improvement loan lenders in Newport News city

LenderApprovalApprovedTaken upTypical loanLoans made
1Langley Federal Credit Union77%364 / 472100%$55K364
2Newport News Shipbuilding Employees Credit Union, Inc. Dba Bayport Credit Union78%206 / 26593%$55K191
31St Advantage Federal Credit Union76%153 / 20288%$55K135
4Navy Federal Credit Union64%114 / 17898%$55K112
5Bank of America, National Association32%25 / 7896%$55K24

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 54 more lenders.

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