Applications / Mortgage Analytics / Lenders / Virginia / Garrett Mortgage
Newport News, VA · Credit union · NCUA · 40 loans in 2025
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40
loans originated, 2025
49
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Garrett Mortgage, filed as a credit union in Newport News, Virginia, lends mainly to home buyers, with bigger loans and more government backing than similar credit unions.
Purchases made up 92.5% of its 40 loans in 2025. Its typical loan was $270,000, three times the $90,000 at similar lenders, credit unions making between half and twice as many loans. A quarter of its loans were government-backed: 15.0% guaranteed by the Department of Veterans Affairs (VA) and 10.0% insured by the Federal Housing Administration (FHA). Its typical peer made none.
Of its borrowers, 60.0% had low or moderate incomes, against 31.7% at its peers, and 42.5% of its loans were in low- and moderate-income neighborhoods, against 17.4%. Few similar lenders reach either share. These rest on 40 loans, so a few loans either way would move them.
Its typical rate was 6.38%, lower than the 6.75% at its peers, and none of its loans was higher-priced. It first reported in 2022, with 142 loans; it has made between 40 and 49 a year since. Its loans fell 13% in 2025, too small a change on so few loans to read much into. All its lending is in Virginia, centered on Virginia Beach-Chesapeake-Norfolk.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2022–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Garrett Mortgage took 49 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 92.5% · Refinance 7.5%
Conventional 75.0% · VA 15.0% · FHA 10.0% · of 40 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Virginia | 40 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Virginia Beach-Chesapeake-Norfolk | 36 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 54930000F1GD8YFO4O36 | 2022–2025 |
Established 2 April 2019. Reported under HMDA 2022-2025.
Mergers, name changes, data editions and corrections: Garrett Mortgage's data.
Garrett Mortgage's data
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Garrett Mortgage and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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