BoxCar Mortgage · Arizona · 2025

BoxCar Mortgage in Arizona: approval rate, denial rate and rates (2025)

BoxCar Mortgage took 210 mortgage applications in Arizona in 2025, ranking #172 of 1,082 lenders active in the state. It originated 86.2% of them and denied 3.8% (4.2% of the applications it decided), against a statewide denial rate of 16.2%.

210Applicationsin AZ
4.2%Decision denial ratestate 20.4%
6.50%Median ratestate 6.50%
$265,000Median loanstate $275,000
$51MVolume11 counties

BoxCar Mortgage in Arizona vs the state

3.8%Denial rate-12.42 pts vs state
4.2%Decision denial rate-16.24 pts vs state
86.2%Origination rate+26.71 pts vs state
6.50%Median rate0.00 pts vs state
0.18Rate spread (pts)-0.04 pts vs state
$8,036kMedian applicant income
181Loans originated
8Denied

Trend in Arizona

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023740.0%7.00%#576
2024128991.6%6.63%#207
20252101813.8%6.50%#172

What BoxCar Mortgage lends in Arizona

By loan purpose

Home purchase 168 80% · 3.0% denied
Refinance 22 10% · 4.6% denied
Cash-out refinance 20 10% · 10.0% denied

By loan type

Conventional 125 60% · 2.4% denied
FHA 31 15% · 16.1% denied
VA 48 23% · 0.0% denied
USDA / RHS 6 3% · 0.0% denied

Why it denied Arizona applicants

Collateral 3 38%
Debt-to-income ratio 2 25%
Employment history 2 25%
Other 1 13%

Where in Arizona

Counties with the most BoxCar Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cochise County 112993 2.7%
Graham County 51433 5.9%
Pima County 26221 3.8%
Maricopa County 750 0.0%
Greenlee County 541 20.0%
Santa Cruz County 320 0.0%
Navajo County 220 0.0%
Apache County 110 0.0%
Coconino County 110 0.0%
Yuma County 110 0.0%

Other large lenders in Arizona

LenderGradeApplicationsDenial rateMedian rate
United Shore Financial ServicesB 25,38310.2%6.25%
Rocket MortgageC 17,94715.6%6.75%
Desert Financial Credit UnionB 16,97024.3%6.49%
Crosscountry MortgageB 7,5703.8%6.58%
Fairway Independent MortgageB 6,7295.6%6.63%
Bank of AmericaF 6,22932.2%6.24%
Loandepot.ComD 6,18016.1%5.99%
Pennymac Loan ServicesC 5,83811.7%6.62%
Nova Financial & InvestmentC 5,38016.2%6.49%
Freedom MortgageB 4,9917.0%6.00%

Frequently asked questions

Arizona: 210 applications in 2025, of which 181 were originated and 8 denied.

3.8% of all applications, or 4.2% of the applications it actually decided on. The Arizona statewide average across all lenders was 16.2%.

The median rate on loans BoxCar Mortgage originated in Arizona in 2025 was 6.50%, against a statewide median of 6.50%.

About this data. Figures are BoxCar Mortgage'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