Canopy Mortgage · Texas · 2025

Canopy Mortgage in Texas: approval rate, denial rate and rates (2025)

Canopy Mortgage took 1,242 mortgage applications in Texas in 2025, ranking #150 of 1,568 lenders active in the state. It originated 58.5% of them and denied 3.4% (5.4% of the applications it decided), against a statewide denial rate of 19.4%.

1.2kApplicationsin TX
5.4%Decision denial ratestate 24.9%
6.50%Median ratestate 6.50%
$285,000Median loanstate $245,000
$233MVolume98 counties

Canopy Mortgage in Texas vs the state

3.4%Denial rate-16.05 pts vs state
5.4%Decision denial rate-19.53 pts vs state
58.5%Origination rate+3.65 pts vs state
6.50%Median rate0.00 pts vs state
0.34Rate spread (pts)+0.15 pts vs state
$121kMedian applicant income
727Loans originated
42Denied

Trend in Texas

YearApplicationsOriginatedDenial rateMedian rateRank in state
20233742203.2%6.63%#294
20249845353.3%6.63%#167
20251,2427273.4%6.50%#150

What Canopy Mortgage lends in Texas

By loan purpose

Home purchase 924 74% · 2.7% denied
Refinance 185 15% · 4.3% denied
Cash-out refinance 133 11% · 6.8% denied

By loan type

Conventional 696 56% · 2.6% denied
FHA 435 35% · 4.8% denied
VA 100 8% · 3.0% denied
USDA / RHS 11 1% · 0.0% denied

Why it denied Texas applicants

Debt-to-income ratio 15 36%
Other 10 24%
Credit history 8 19%
Unverifiable information 4 10%
Insufficient cash 3 7%
Employment history 1 2%
Collateral 1 2%

Where in Texas

Counties with the most Canopy Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Harris County 148849 6.1%
Jefferson County 105712 1.9%
Tarrant County 60355 8.3%
Collin County 58312 3.4%
Denton County 54310 0.0%
Dallas County 53272 3.8%
Travis County 53303 5.7%
Hardin County 51320 0.0%
El Paso County 48210 0.0%
Orange County 46331 2.2%

Other large lenders in Texas

LenderGradeApplicationsDenial rateMedian rate
United Shore Financial ServicesB 56,49111.0%6.25%
Rocket MortgageC 45,65822.4%6.63%
21st MortgageF 37,96145.9%9.94%
Dhi Mortgage CompanyB 26,34813.5%4.50%
Lennar MortgageA 21,95920.5%4.50%
Bank of AmericaF 18,00843.0%6.24%
JPMorgan Chase BankB 16,2609.8%6.45%
CMG MortgageA 15,9783.9%6.50%
Vanderbilt Mortgage and FinanceF 15,68344.7%10.50%
Triad Financial ServicesD 15,15850.0%9.35%

Frequently asked questions

Texas: 1,242 applications in 2025, of which 727 were originated and 42 denied.

3.4% of all applications, or 5.4% of the applications it actually decided on. The Texas statewide average across all lenders was 19.4%.

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

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