Better Mortgage · Nevada · 2025

Better Mortgage in Nevada: approval rate, denial rate and rates (2025)

Better Mortgage took 592 mortgage applications in Nevada in 2025, ranking #48 of 627 lenders active in the state. It originated 40.0% of them and denied 29.1% (41.3% of the applications it decided), against a statewide denial rate of 17.5%.

592Applicationsin NV
41.3%Decision denial ratestate 22.2%
7.25%Median ratestate 6.63%
$195,000Median loanstate $305,000
$71MVolume13 counties

Better Mortgage in Nevada vs the state

29.1%Denial rate+11.60 pts vs state
41.3%Decision denial rate+19.03 pts vs state
40.0%Origination rate-17.68 pts vs state
7.25%Median rate+0.63 pts vs state
0.69Rate spread (pts)+0.39 pts vs state
$139kMedian applicant income
237Loans originated
172Denied

Trend in Nevada

YearApplicationsOriginatedDenial rateMedian rateRank in state
202365236.2%6.13%#161
20241806510.6%6.50%#104
202559223729.1%7.25%#48

What Better Mortgage lends in Nevada

By loan purpose

Home purchase 186 31% · 16.7% denied
Refinance 36 6% · 22.2% denied
Cash-out refinance 67 11% · 25.4% denied
Home improvement 34 6% · 23.5% denied
Other / HELOC 269 45% · 40.2% denied

By loan type

Conventional 528 89% · 29.2% denied
FHA 49 8% · 32.7% denied
VA 15 3% · 13.3% denied

Why it denied Nevada applicants

Debt-to-income ratio 53 31%
Incomplete application 50 29%
Credit history 27 16%
Unverifiable information 19 11%
Collateral 18 10%
Other 3 2%
Employment history 1 1%
Insufficient cash 1 1%

Where in Nevada

Counties with the most Better Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Clark County 428161128 29.9%
Washoe County 1136025 22.1%
Lyon County 1648 50.0%
Carson City 1034 40.0%
Douglas County 822 25.0%
Elko County 621 16.7%
Nye County 312 66.7%
Churchill County 210 0.0%
Lincoln County 211 50.0%
Pershing County 110 0.0%

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%
Bank of AmericaF 3,29635.9%6.24%
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%

Frequently asked questions

Nevada: 592 applications in 2025, of which 237 were originated and 172 denied.

29.1% of all applications, or 41.3% of the applications it actually decided on. The Nevada statewide average across all lenders was 17.5%.

The median rate on loans Better Mortgage originated in Nevada in 2025 was 7.25%, against a statewide median of 6.63%.

About this data. Figures are Better Mortgage'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