Better Mortgage · District of Columbia · 2025

Better Mortgage in District of Columbia: approval rate, denial rate and rates (2025)

Better Mortgage took 142 mortgage applications in District of Columbia in 2025, ranking #37 of 473 lenders active in the state. It originated 28.2% of them and denied 34.5% (53.3% of the applications it decided), against a statewide denial rate of 18.1%.

142Applicationsin DC
53.3%Decision denial ratestate 23.7%
8.06%Median ratestate 6.50%
$205,000Median loanstate $405,000
$16MVolume1 counties

Better Mortgage in District of Columbia vs the state

34.5%Denial rate+16.45 pts vs state
53.3%Decision denial rate+29.52 pts vs state
28.2%Origination rate-27.34 pts vs state
8.06%Median rate+1.56 pts vs state
0.33Rate spread (pts)+0.28 pts vs state
$195kMedian applicant income
40Loans originated
49Denied

Trend in District of Columbia

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023381318.4%6.38%#78
202465256.2%6.50%#58
20251424034.5%8.06%#37

What Better Mortgage lends in District of Columbia

By loan purpose

Home purchase 29 20% · 20.7% denied
Refinance 18 13% · 33.3% denied
Cash-out refinance 17 12% · 29.4% denied
Home improvement 9 6% · 33.3% denied
Other / HELOC 69 49% · 42.0% denied

By loan type

Conventional 135 95% · 34.1% denied
FHA 6 4% · 50.0% denied
VA 1 1% · 0.0% denied

Why it denied District of Columbia applicants

Debt-to-income ratio 18 37%
Incomplete application 16 33%
Collateral 4 8%
Other 4 8%
Credit history 3 6%
Unverifiable information 3 6%
Insufficient cash 1 2%

Where in District of Columbia

Counties with the most Better Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
District of Columbia 1424049 34.5%

Other large lenders in District of Columbia

LenderGradeApplicationsDenial rateMedian rate
Navy Federal Credit UnionD 78628.5%7.75%
Rocket MortgageC 67120.7%6.63%
Bank of AmericaF 54633.2%5.99%
First Savings MortgageA 5440.9%6.50%
Truist BankC 52941.2%6.25%
PNC BankD 46731.5%6.25%
JPMorgan Chase BankB 4597.6%6.38%
CitibankB 4179.6%6.00%
First Home MortgageB 3592.5%6.63%
NewrezD 35323.5%6.63%

Frequently asked questions

District of Columbia: 142 applications in 2025, of which 40 were originated and 49 denied.

34.5% of all applications, or 53.3% of the applications it actually decided on. The District of Columbia statewide average across all lenders was 18.1%.

The median rate on loans Better Mortgage originated in District of Columbia in 2025 was 8.06%, against a statewide median of 6.50%.

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