Mortgage lender · Dover, DE · LEI 549300623VT8YKPHWM78

Anchor Loans review: approval odds, rates and grade (2025)

Anchor Loans earns a D, weaker than most investment-property lenders. It turned down 55.2% of the applications it decided on in 2025, which ranks in the 2nd percentile for approval odds. Compared against 220 investment-property lenders using 2025 HMDA filings.

3.5kApplications2025
44.8%Originatedof applications
55.2%Decision denial ratenational 22.6%
9.50%Median ratenational 6.63%
$1.6BLoan volume46 states

Anchor Loans at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

55.2%Denial rate (all applications)+37.25 pts vs national
55.2%Denial rate (decided applications)+32.64 pts vs national
44.8%Origination rate-13.26 pts vs national
0.0%Withdrawn by applicant
0.0%Closed for incompleteness
9.50%Median interest rate+2.88 pts vs national
Median rate spread (pts over APOR)
$625,000Median loan amount
Median total loan costs
Median applicant income
71%Median loan-to-value
0High-cost (HOEPA) loans

How the D grade breaks down

Each component is a percentile rank among 220 investment-property lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.

Approval oddsdecision denial rate, weight 45%

2nd55.2% denied

Processwithdrawn + incomplete share, weight 15%

87th0.0%

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20232,2381,42236.5%36.5%9.50%$1.1B
20242,3071,62229.7%29.7%10.00%$1.5B
20253,5291,58055.2%55.2%9.50%$1.6B

What Anchor Loans 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

Home purchase 2,385 68% · 50.8% denied
Refinance 1,144 32% · 64.4% denied

By loan type

Conventional 3,529 100% · 55.2% denied

Also: 0 home-equity lines, 0 reverse mortgages, 90 manufactured homes, 3,529 investment properties.

Where Anchor Loans lends

46 states and 0 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
California1,44065254.7%9.50%#133
North Carolina38827130.2%9.00%#160
Texas1745369.5%9.99%#443
Georgia1697158.0%9.75%#263
Virginia1236348.8%9.25%#266
Washington945244.7%9.50%#242
New York912078.0%10.00%#277
New Jersey882176.1%9.50%#281
Tennessee884548.9%9.00%#343
Michigan803161.3%10.25%#297
Illinois711381.7%10.25%#400
Maryland653053.9%9.50%#290
Missouri633839.7%10.13%#324
Pennsylvania561671.4%9.75%#477
Ohio551376.4%10.00%#395
West Virginia462937.0%9.00%#143
Hawaii451957.8%9.00%#96
Indiana433323.3%10.50%#369
District of Columbia382144.7%9.50%#88
Colorado35974.3%9.75%#347
South Carolina31971.0%10.00%#396
Kentucky241345.8%10.25%#332
Alabama20860.0%10.00%#396
Massachusetts20290.0%9.88%#416
New Mexico18855.6%10.25%#211
Louisiana15193.3%10.75%#337
Kansas141121.4%9.50%#326
Mississippi14657.1%9.44%#268
Utah130100.0%#264
Connecticut12191.7%11.00%#351
Minnesota100100.0%#464
Oregon100100.0%#361
Oklahoma9188.9%10.25%#414
Arkansas50100.0%#421
Iowa5260.0%10.56%#419
Idaho50100.0%#324

Frequently asked questions

Anchor Loans denied 55.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 2nd percentile of investment-property lenders.

The median interest rate on loans Anchor Loans originated in 2025 was 9.50%, and its median rate spread over the average prime offer rate was 0.00 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 68% of its applications were for home purchases, 32% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% 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.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with Anchor Loans. Data sources · Methodology