Mortgage lender · Plano, TX · LEI 5493001GDRY0EL7VG372

Ark-La-Tex Financial Services, LLC. review: approval odds, rates and grade (2025)

Ark-La-Tex Financial Services, LLC. earns an A, placing it in the top fifth of large mortgage lenders. It turned down 3.4% of the applications it decided on in 2025, which ranks in the 96th percentile for approval odds. Its median loan was priced 0.21 points above the average prime offer rate, ranking in the 69th percentile on pricing. Compared against 101 large mortgage lenders using 2025 HMDA filings.

20kApplications2025
76.2%Originatedof applications
3.4%Decision denial ratenational 22.6%
6.50%Median ratenational 6.63%
$4.9BLoan volume50 states

Ark-La-Tex Financial Services, LLC. at a glance, 2025

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

2.7%Denial rate (all applications)-15.31 pts vs national
3.4%Denial rate (decided applications)-19.24 pts vs national
76.2%Origination rate+18.13 pts vs national
18.7%Withdrawn by applicant
1.4%Closed for incompleteness
6.50%Median interest rate-0.13 pts vs national
0.21Median rate spread (pts over APOR)-0.05 pts vs national
$285,000Median loan amount
$5,956Median total loan costs
$106kMedian applicant income
95%Median loan-to-value
2High-cost (HOEPA) loans

How the A grade breaks down

Each component is a percentile rank among 101 large mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.

Approval oddsdecision denial rate, weight 45%

96th3.4% denied

Pricingmedian rate spread over APOR, weight 30%

69th0.21 pts

Processwithdrawn + incomplete share, weight 15%

44th20.2%

Closing coststotal loan costs ÷ loan amount, weight 10%

73rd2.09% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
202321,47014,7754.2%5.2%6.63%$4.5B
202422,40616,2323.4%4.3%6.63%$5.2B
202520,19615,3822.7%3.4%6.50%$4.9B

What Ark-La-Tex Financial Services, LLC. 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 16,957 84% · 2.4% denied
Refinance 1,790 9% · 2.9% denied
Cash-out refinance 1,446 7% · 5.8% denied
Home improvement 1 0% · 0.0% denied
Other / HELOC 2 0% · 0.0% denied

By loan type

Conventional 11,196 55% · 2.3% denied
FHA 5,654 28% · 3.8% denied
VA 2,993 15% · 2.0% denied
USDA / RHS 353 2% · 1.1% denied

Also: 9 home-equity lines, 0 reverse mortgages, 440 manufactured homes, 997 investment properties.

Why Ark-La-Tex Financial Services, LLC. denies applications

Primary reason reported for each of the 540 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Debt-to-income ratio 214 40%
Collateral 100 19%
Credit history 88 16%
Unverifiable information 46 9%
Employment history 34 6%
Other 30 6%
Insufficient cash 22 4%
Incomplete application 6 1%

How these reasons compare nationally →

Who gets approved at Ark-La-Tex Financial Services, LLC.

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k1,2558688.9%
$50k – $100k7,5565,8823.3%
$100k – $150k5,2054,0162.8%
$150k – $250k3,8862,9632.8%
Over $250k1,6741,2163.1%
Applicant ageApplicationsOriginatedDecision denial rate
Under 251,5151,2253.4%
25–346,3755,0052.5%
35–445,1973,9433.5%
45–543,3582,4604.0%
55–642,2371,6264.5%
65–741,1028174.0%
Over 744123062.5%

Where Ark-La-Tex Financial Services, LLC. lends

50 states and 1,413 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Texas5,3744,1512.5%6.25%#33
Kentucky1,5911,1793.4%6.63%#28
Colorado1,2559142.2%6.63%#52
Florida1,0517954.2%6.50%#148
California1,0497514.1%6.38%#167
Tennessee7265242.5%6.50%#86
South Carolina7115452.4%6.62%#78
Georgia5473871.1%6.38%#144
Arizona5373843.5%6.62%#106
Michigan4923991.4%6.63%#129
Pennsylvania4893802.5%6.62%#157
Arkansas4633261.5%6.50%#56
Louisiana4613721.1%6.38%#60
Alabama3933142.0%6.50%#102
Illinois3722805.1%6.63%#160
Nebraska3563031.4%6.49%#48
Wisconsin3452892.9%6.50%#104
Iowa3132441.9%6.75%#71
Kansas3042431.6%6.75%#81
Ohio2882422.1%6.62%#194
Utah2771804.0%6.50%#86
North Carolina2571932.0%6.62%#211
North Dakota2311762.6%6.20%#21
Indiana2251682.7%6.50%#186
Missouri2161821.9%6.62%#173
New Jersey2091511.9%6.75%#193
Virginia1751391.7%6.49%#218
Minnesota1711413.5%6.38%#148
Nevada1591361.3%6.50%#118
Massachusetts1411029.9%6.50%#211
Maryland1281033.9%6.25%#209
Connecticut112841.8%6.63%#159
Oklahoma100675.0%6.49%#188
Idaho95811.1%6.38%#120
Washington83612.4%6.19%#257
Maine75574.0%6.50%#109
Oregon72611.4%6.38%#193
New Hampshire67483.0%6.50%#103
Delaware57530.0%6.13%#109
Montana49416.1%6.38%#101
Alaska45342.2%6.13%#65
Vermont45392.2%6.63%#58
Mississippi35250.0%6.25%#194
New Mexico15110.0%6.99%#225
West Virginia1170.0%6.63%#248
Rhode Island8512.5%6.38%#204
South Dakota870.0%6.13%#152
Wyoming750.0%6.63%#173
New York530.0%7.00%#512

Frequently asked questions

Ark-La-Tex Financial Services, LLC. denied 3.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 96th percentile of large mortgage lenders.

The most common reason Ark-La-Tex Financial Services, LLC. gave in 2025 was "debt-to-income ratio", cited on 39.6% 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 Ark-La-Tex Financial Services, LLC. originated in 2025 was 6.50%, and its median rate spread over the average prime offer rate was 0.21 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 84% of its applications were for home purchases, 16% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 55% conventional, 28% FHA, 15% 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 Ark-La-Tex Financial Services, LLC.. Data sources · Methodology