Bank of America · Nevada · 2025

Bank of America in Nevada: approval rate, denial rate and rates (2025)

Bank of America took 3,296 mortgage applications in Nevada in 2025, ranking #6 of 627 lenders active in the state. It originated 37.4% of them and denied 35.9% (48.5% of the applications it decided), against a statewide denial rate of 17.5%.

3.3kApplicationsin NV
48.5%Decision denial ratestate 22.2%
6.24%Median ratestate 6.63%
$105,000Median loanstate $305,000
$379MVolume12 counties

Bank of America in Nevada vs the state

35.9%Denial rate+18.41 pts vs state
48.5%Decision denial rate+26.32 pts vs state
37.4%Origination rate-20.30 pts vs state
6.24%Median rate-0.38 pts vs state
1.28Rate spread (pts)+0.98 pts vs state
$100kMedian applicant income
1,233Loans originated
1,182Denied

Trend in Nevada

YearApplicationsOriginatedDenial rateMedian rateRank in state
20233,9701,30153.3%7.38%#5
20243,3281,12041.3%6.99%#6
20253,2961,23335.9%6.24%#6

What Bank of America lends in Nevada

By loan purpose

Home purchase 575 17% · 18.4% denied
Refinance 391 12% · 27.6% denied
Cash-out refinance 45 1% · 13.3% denied
Home improvement 1,339 41% · 41.8% denied
Other / HELOC 946 29% · 42.5% denied

By loan type

Conventional 3,285 100% · 35.9% denied
FHA 9 0% · 22.2% denied
VA 2 0% · 0.0% denied

Why it denied Nevada applicants

Credit history 555 47%
Debt-to-income ratio 444 38%
Collateral 102 9%
Unverifiable information 43 4%
Other 31 3%
Insufficient cash 6 1%
Employment history 1 0%

Where in Nevada

Counties with the most Bank of America applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Clark County 2,471896932 37.7%
Washoe County 577236165 28.6%
Douglas County 1115234 30.6%
Carson City 472018 38.3%
Lyon County 371511 29.7%
Nye County 331211 33.3%
Storey County 503 60.0%
Elko County 523 60.0%
Churchill County 301 33.3%
Humboldt County 303 100.0%

Other large lenders in Nevada

LenderGradeApplicationsDenial rateMedian rate
United Shore Financial ServicesB 6,91311.4%6.31%
Rocket MortgageC 6,88915.4%6.88%
Guild MortgageA 5,5332.6%6.50%
AMERICA FIRST Federal Credit UnionC 3,87328.6%7.24%
U.S. BankD 3,74540.2%7.65%
Pennymac Loan ServicesC 3,18812.5%6.62%
Navy Federal Credit UnionD 2,57924.5%7.75%
Broker SolutionsD 2,5598.9%6.75%
Dhi Mortgage CompanyB 2,5496.8%4.99%
Freedom MortgageB 2,5026.4%6.13%

Frequently asked questions

Nevada: 3,296 applications in 2025, of which 1,233 were originated and 1,182 denied.

35.9% of all applications, or 48.5% of the applications it actually decided on. The Nevada statewide average across all lenders was 17.5%.

The median rate on loans Bank of America originated in Nevada in 2025 was 6.24%, against a statewide median of 6.63%.

About this data. Figures are Bank of America's own HMDA filing for properties located in Nevada, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology