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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 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Basic EPS:        
Net income attributable to Velocity Financial, Inc. $ 25,163 $ 25,997 $ 47,526 $ 44,884
Less: undistributed earnings attributable to unvested restricted stock awards 341 286 694 523
Net earnings attributable to common stockholders $ 24,822 $ 25,711 $ 46,832 $ 44,361
Weighted average common shares outstanding 38,730 37,194 38,678 35,450
Basic earnings per common share $ 0.64 $ 0.69 $ 1.21 $ 1.25
Diluted EPS:        
Net income attributable to Velocity Financial, Inc. $ 25,163 $ 25,997 $ 47,526 $ 44,884
Weighted average common shares outstanding 38,730 37,194 38,678 35,450
Add dilutive effects for warrants       1,217
Add dilutive effects for stock options 214 199 227 218
Add dilutive effects of unvested restricted stock awards 104 95 106 111
Add dilutive effects of unvested performance-based stock units 256 302 224 312
Add dilutive effects of employee stock purchase plan     4 1
Weighted average diluted common shares outstanding 39,304 37,790 39,239 37,309
Diluted earnings per common share $ 0.64 $ 0.69 $ 1.21 $ 1.2