Carrington Mortgage Services · Arizona · 2025

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

Carrington Mortgage Services took 1,260 mortgage applications in Arizona in 2025, ranking #54 of 1,082 lenders active in the state. It originated 28.4% of them and denied 43.2% (53.3% of the applications it decided), against a statewide denial rate of 16.2%.

1.3kApplicationsin AZ
53.3%Decision denial ratestate 20.4%
6.63%Median ratestate 6.50%
$235,000Median loanstate $275,000
$91MVolume15 counties

Carrington Mortgage Services in Arizona vs the state

43.2%Denial rate+26.94 pts vs state
53.3%Decision denial rate+32.92 pts vs state
28.4%Origination rate-31.07 pts vs state
6.63%Median rate+0.13 pts vs state
0.58Rate spread (pts)+0.36 pts vs state
$92kMedian applicant income
358Loans originated
544Denied

Trend in Arizona

YearApplicationsOriginatedDenial rateMedian rateRank in state
202389525150.8%6.63%#71
202492529043.8%6.50%#69
20251,26035843.2%6.63%#54

What Carrington Mortgage Services lends in Arizona

By loan purpose

Home purchase 78 6% · 11.5% denied
Refinance 213 17% · 43.2% denied
Cash-out refinance 969 77% · 45.7% denied

By loan type

Conventional 607 48% · 41.7% denied
FHA 425 34% · 48.7% denied
VA 227 18% · 37.0% denied
USDA / RHS 1 0% · 0.0% denied

Why it denied Arizona applicants

Incomplete application 418 77%
Credit history 37 7%
Other 34 6%
Debt-to-income ratio 22 4%
Collateral 16 3%
Unverifiable information 9 2%
Insufficient cash 6 1%
Employment history 2 0%

Where in Arizona

Counties with the most Carrington Mortgage Services applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Maricopa County 669190296 44.2%
Pima County 1794772 40.2%
Pinal County 1594666 41.5%
Yavapai County 621724 38.7%
Yuma County 441519 43.2%
Cochise County 37918 48.6%
Mohave County 341015 44.1%
Coconino County 28914 50.0%
Santa Cruz County 1453 21.4%
Navajo County 1035 50.0%

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: 1,260 applications in 2025, of which 358 were originated and 544 denied.

43.2% of all applications, or 53.3% of the applications it actually decided on. The Arizona statewide average across all lenders was 16.2%.

The median rate on loans Carrington Mortgage Services originated in Arizona in 2025 was 6.63%, against a statewide median of 6.50%.

About this data. Figures are Carrington Mortgage Services'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