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Earnings Per Share - Schedule of Basic and Diluted Earnings Per Share Calculations (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Basic EPS:        
Net income attributable to Velocity Financial, Inc. $ 25,373 $ 15,803 $ 70,257 $ 47,832
Less: undistributed earnings attributable to unvested restricted stock awards 352 191 871 580
Net earnings attributable to common stockholders $ 25,021 $ 15,612 $ 69,386 $ 47,252
Weighted average common shares outstanding 38,073 32,711 36,335 32,613
Basic earnings per common share $ 0.66 $ 0.48 $ 1.91 $ 1.45
Diluted EPS:        
Net income attributable to Velocity Financial, Inc. $ 25,373 $ 15,803 $ 70,257 $ 47,832
Weighted average common shares outstanding 38,073 32,711 36,335 32,613
Add dilutive effects for warrants   2,435 811 2,391
Add dilutive effects for stock options 221 238 219 199
Add dilutive effects of unvested restricted stock awards 138 185 120 163
Add dilutive effects of unvested performance-based stock units 368 323 331 278
Add dilutive effects of employee stock purchase plan   3 1 1
Weighted Average Number of Shares Outstanding, Diluted, Total 38,800 35,895 37,817 35,645
Diluted earnings per common share $ 0.65 $ 0.44 $ 1.86 $ 1.34