Alerus Financial in Arizona vs the state
7.7%Denial rate-8.54 pts vs state
8.3%Decision denial rate-12.08 pts vs state
81.3%Origination rate+21.84 pts vs state
6.00%Median rate-0.50 pts vs state
-1.19Rate spread (pts)-1.41 pts vs state
$328kMedian applicant income
148Loans originated
14Denied
Trend in Arizona
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 71 | 64 | 4.2% | 7.00% | #266 |
| 2024 | 90 | 75 | 6.7% | 7.38% | #250 |
| 2025 | 182 | 148 | 7.7% | 6.00% | #181 |
What Alerus Financial lends in Arizona
By loan purpose
By loan type
Why it denied Arizona applicants
Where in Arizona
Counties with the most Alerus Financial applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Maricopa County | 153 | 130 | 13 | 8.5% |
| Pima County | 10 | 7 | 0 | 0.0% |
| Pinal County | 5 | 4 | 1 | 20.0% |
| Coconino County | 4 | 4 | 0 | 0.0% |
| Yavapai County | 2 | 1 | 0 | 0.0% |
| Navajo County | 1 | 1 | 0 | 0.0% |
| Gila County | 1 | 1 | 0 | 0.0% |
Other large lenders in Arizona
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 25,383 | 10.2% | 6.25% |
| Rocket Mortgage | C | 17,947 | 15.6% | 6.75% |
| Desert Financial Credit Union | B | 16,970 | 24.3% | 6.49% |
| Crosscountry Mortgage | B | 7,570 | 3.8% | 6.58% |
| Fairway Independent Mortgage | B | 6,729 | 5.6% | 6.63% |
| Bank of America | F | 6,229 | 32.2% | 6.24% |
| Loandepot.Com | D | 6,180 | 16.1% | 5.99% |
| Pennymac Loan Services | C | 5,838 | 11.7% | 6.62% |
| Nova Financial & Investment | C | 5,380 | 16.2% | 6.49% |
| Freedom Mortgage | B | 4,991 | 7.0% | 6.00% |
Frequently asked questions
Arizona: 182 applications in 2025, of which 148 were originated and 14 denied.
7.7% of all applications, or 8.3% of the applications it actually decided on. The Arizona statewide average across all lenders was 16.2%.
The median rate on loans Alerus Financial originated in Arizona in 2025 was 6.00%, against a statewide median of 6.50%.
About this data. Figures are Alerus Financial's own HMDA filing for properties located in Arizona, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology