BMO Bank in Arizona vs the state
32.5%Denial rate+16.26 pts vs state
41.0%Decision denial rate+20.61 pts vs state
45.2%Origination rate-14.32 pts vs state
8.23%Median rate+1.73 pts vs state
0.98Rate spread (pts)+0.76 pts vs state
$103kMedian applicant income
962Loans originated
692Denied
Trend in Arizona
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,579 | 1,180 | 30.9% | 8.00% | #26 |
| 2024 | 2,508 | 1,142 | 30.8% | 8.75% | #30 |
| 2025 | 2,130 | 962 | 32.5% | 8.23% | #36 |
What BMO Bank lends in Arizona
By loan purpose
By loan type
Why it denied Arizona applicants
Where in Arizona
Counties with the most BMO Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Maricopa County | 1,334 | 623 | 426 | 31.9% |
| Pima County | 304 | 138 | 84 | 27.6% |
| Pinal County | 179 | 58 | 81 | 45.3% |
| Yavapai County | 134 | 59 | 46 | 34.3% |
| Navajo County | 47 | 25 | 16 | 34.0% |
| Coconino County | 42 | 24 | 8 | 19.0% |
| Gila County | 29 | 17 | 8 | 27.6% |
| Apache County | 19 | 7 | 8 | 42.1% |
| Mohave County | 18 | 8 | 4 | 22.2% |
| Santa Cruz County | 16 | 3 | 7 | 43.8% |
Other large lenders in Arizona
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 25,383 | 10.2% | 6.25% |
| Rocket Mortgage | C | 17,947 | 15.6% | 6.75% |
| Desert Financial Credit Union | B | 16,970 | 24.3% | 6.49% |
| Crosscountry Mortgage | B | 7,570 | 3.8% | 6.58% |
| Fairway Independent Mortgage | B | 6,729 | 5.6% | 6.63% |
| Bank of America | F | 6,229 | 32.2% | 6.24% |
| Loandepot.Com | D | 6,180 | 16.1% | 5.99% |
| Pennymac Loan Services | C | 5,838 | 11.7% | 6.62% |
| Nova Financial & Investment | C | 5,380 | 16.2% | 6.49% |
| Freedom Mortgage | B | 4,991 | 7.0% | 6.00% |
Frequently asked questions
Arizona: 2,130 applications in 2025, of which 962 were originated and 692 denied.
32.5% of all applications, or 41.0% of the applications it actually decided on. The Arizona statewide average across all lenders was 16.2%.
The median rate on loans BMO Bank originated in Arizona in 2025 was 8.23%, against a statewide median of 6.50%.
About this data. Figures are BMO Bank's own HMDA filing for properties located in Arizona, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology