Champions Funding at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the F grade breaks down
Each component is a percentile rank among 220 investment-property lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
7th26.5% deniedPricingmedian rate spread over APOR, weight 30%
10th2.15 ptsProcesswithdrawn + incomplete share, weight 15%
13th21.1%Closing coststotal loan costs ÷ loan amount, weight 10%
5th4.88% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 2,420 | 1,066 | 54.5% | 55.3% | 9.50% | $439M |
| 2024 | 5,272 | 3,067 | 18.7% | 24.3% | 8.63% | $1.5B |
| 2025 | 19,143 | 11,067 | 20.9% | 26.5% | 7.63% | $4.7B |
What Champions Funding lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 12,532 investment properties.
Why Champions Funding denies applications
Primary reason reported for each of the 4,009 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Champions Funding
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 53 | 22 | 58.5% |
| $50k – $100k | 417 | 252 | 39.6% |
| $100k – $150k | 482 | 334 | 30.3% |
| $150k – $250k | 605 | 423 | 29.6% |
| Over $250k | 1,375 | 902 | 34.2% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 423 | 235 | 29.0% |
| 25–34 | 2,300 | 1,328 | 27.3% |
| 35–44 | 4,280 | 2,401 | 28.5% |
| 45–54 | 4,206 | 2,321 | 28.3% |
| 55–64 | 3,141 | 1,740 | 28.1% |
| 65–74 | 1,366 | 704 | 30.4% |
| Over 74 | 523 | 244 | 36.4% |
Where Champions Funding lends
50 states and 1,182 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Florida | 3,754 | 2,262 | 19.2% | 7.63% | #57 |
| California | 2,620 | 1,367 | 23.1% | 7.75% | #75 |
| Texas | 2,258 | 1,262 | 22.8% | 7.50% | #87 |
| New York | 1,445 | 950 | 15.6% | 7.50% | #58 |
| New Jersey | 1,376 | 917 | 16.5% | 7.50% | #54 |
| Georgia | 742 | 409 | 24.0% | 7.75% | #115 |
| Arizona | 621 | 367 | 21.3% | 7.75% | #99 |
| Tennessee | 491 | 267 | 20.4% | 7.63% | #117 |
| Pennsylvania | 487 | 308 | 21.6% | 7.75% | #158 |
| North Carolina | 465 | 293 | 21.5% | 7.50% | #144 |
| Connecticut | 425 | 294 | 14.8% | 7.75% | #64 |
| Illinois | 379 | 225 | 19.8% | 7.75% | #155 |
| Colorado | 348 | 196 | 21.8% | 7.75% | #131 |
| South Carolina | 291 | 182 | 20.3% | 7.88% | #142 |
| Ohio | 281 | 147 | 16.7% | 8.00% | #196 |
| Michigan | 276 | 145 | 20.3% | 8.25% | #183 |
| Virginia | 264 | 140 | 22.7% | 7.75% | #179 |
| Washington | 251 | 136 | 25.5% | 7.38% | #168 |
| Maryland | 197 | 105 | 30.0% | 7.75% | #163 |
| Nevada | 190 | 105 | 25.3% | 7.38% | #108 |
| Indiana | 156 | 95 | 19.2% | 7.63% | #227 |
| Oregon | 152 | 90 | 19.1% | 8.13% | #142 |
| Hawaii | 134 | 60 | 31.3% | 7.69% | #46 |
| Missouri | 127 | 63 | 32.3% | 7.63% | #239 |
| Wisconsin | 120 | 56 | 24.2% | 7.50% | #233 |
| Alabama | 117 | 68 | 22.2% | 7.50% | #207 |
| Utah | 110 | 59 | 25.5% | 7.88% | #129 |
| Massachusetts | 95 | 58 | 17.9% | 7.38% | #253 |
| Oklahoma | 83 | 45 | 19.3% | 7.75% | #210 |
| Louisiana | 79 | 43 | 27.9% | 7.63% | #200 |
| Minnesota | 66 | 31 | 30.3% | 8.13% | #257 |
| Idaho | 65 | 41 | 21.5% | 8.13% | #146 |
| Kentucky | 46 | 25 | 17.4% | 7.50% | #276 |
| Nebraska | 46 | 25 | 32.6% | 7.38% | #149 |
| New Mexico | 43 | 23 | 11.6% | 7.75% | #162 |
| Rhode Island | 42 | 29 | 14.3% | 7.88% | #104 |
| West Virginia | 37 | 24 | 18.9% | 8.13% | #158 |
| Montana | 35 | 20 | 22.9% | 8.88% | #113 |
| Delaware | 34 | 22 | 20.6% | 7.31% | #143 |
| Mississippi | 32 | 19 | 15.6% | 7.38% | #201 |
| Arkansas | 31 | 16 | 12.9% | 7.81% | #247 |
| Kansas | 31 | 18 | 19.4% | 7.69% | #267 |
| Iowa | 27 | 13 | 33.3% | 7.75% | #275 |
| District of Columbia | 25 | 11 | 28.0% | 7.63% | #109 |
| Maine | 24 | 8 | 45.8% | 7.44% | #163 |
| Alaska | 19 | 9 | 26.3% | 8.00% | #83 |
| New Hampshire | 17 | 10 | 23.5% | 7.13% | #210 |
| Vermont | 8 | 6 | 12.5% | 8.94% | #120 |
| Wyoming | 8 | 3 | 37.5% | 7.13% | #157 |
Frequently asked questions
Champions Funding denied 26.5% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 7th percentile of investment-property lenders.
The most common reason Champions Funding gave in 2025 was "incomplete application", cited on 49.9% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Champions Funding originated in 2025 was 7.63%, and its median rate spread over the average prime offer rate was 2.15 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 45% of its applications were for home purchases, 55% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.