Advance Financial Group at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
82nd3.3% deniedPricingmedian rate spread over APOR, weight 30%
67th0.14 ptsProcesswithdrawn + incomplete share, weight 15%
28th16.9%Closing coststotal loan costs ÷ loan amount, weight 10%
33rd2.35% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 591 | 481 | 2.7% | 3.2% | 6.63% | $183M |
| 2024 | 683 | 539 | 3.5% | 4.2% | 6.50% | $210M |
| 2025 | 580 | 462 | 2.8% | 3.3% | 6.49% | $186M |
What Advance Financial Group lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 2 manufactured homes, 23 investment properties.
Why Advance Financial Group denies applications
Primary reason reported for each of the 16 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Advance Financial Group
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 181 | 141 | 4.7% |
| $100k – $150k | 147 | 122 | 3.1% |
| $150k – $250k | 128 | 96 | 2.0% |
| Over $250k | 92 | 76 | 1.3% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 26 | 20 | 4.8% |
| 25–34 | 198 | 157 | 3.6% |
| 35–44 | 130 | 107 | 2.7% |
| 45–54 | 87 | 75 | 1.3% |
| 55–64 | 73 | 58 | 1.7% |
| 65–74 | 56 | 36 | 10.0% |
Where Advance Financial Group lends
4 states and 35 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Virginia | 528 | 419 | 2.8% | 6.49% | #111 |
| North Carolina | 45 | 37 | 2.2% | 6.38% | #416 |
| Florida | 6 | 5 | 0.0% | 6.25% | #1,038 |
Frequently asked questions
Advance Financial Group denied 3.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 82nd percentile of small mortgage lenders.
The most common reason Advance Financial Group gave in 2025 was "debt-to-income ratio", cited on 31.3% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Advance Financial Group originated in 2025 was 6.49%, and its median rate spread over the average prime offer rate was 0.14 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 93% of its applications were for home purchases, 5% for refinancing (including cash-out), and 2% for home improvement or other purposes. By loan type: 58% conventional, 13% FHA, 30% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.