Choice Financial Group at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
70th5.6% deniedPricingmedian rate spread over APOR, weight 30%
67th0.14 ptsProcesswithdrawn + incomplete share, weight 15%
49th11.9%Closing coststotal loan costs ÷ loan amount, weight 10%
64th1.54% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 395 | 329 | 5.6% | 6.1% | 6.38% | $198M |
| 2024 | 279 | 230 | 2.5% | 2.9% | 6.84% | $96M |
| 2025 | 346 | 275 | 4.9% | 5.6% | 6.63% | $147M |
What Choice Financial Group 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, 8 manufactured homes, 91 investment properties.
Why Choice Financial Group denies applications
Primary reason reported for each of the 17 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Choice Financial Group
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 68 | 49 | 10.3% |
| $100k – $150k | 50 | 42 | 2.2% |
| $150k – $250k | 53 | 42 | 4.4% |
| Over $250k | 54 | 42 | 4.4% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 30 | 26 | 6.9% |
| 25–34 | 87 | 74 | 2.6% |
| 35–44 | 51 | 36 | 5.1% |
| 45–54 | 47 | 39 | 6.8% |
| 55–64 | 28 | 16 | 20.0% |
Where Choice Financial Group lends
17 states and 67 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| North Dakota | 211 | 168 | 4.3% | 6.65% | #23 |
| Minnesota | 103 | 85 | 4.9% | 6.63% | #201 |
| Arizona | 10 | 5 | 20.0% | 6.63% | #502 |
| California | 5 | 3 | 20.0% | 6.75% | #817 |
Frequently asked questions
Choice Financial Group denied 5.6% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 70th percentile of small mortgage lenders.
The most common reason Choice Financial Group gave in 2025 was "debt-to-income ratio", cited on 58.8% 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 Choice Financial Group originated in 2025 was 6.63%, and its median rate spread over the average prime offer rate was 0.14 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 77% of its applications were for home purchases, 17% for refinancing (including cash-out), and 6% for home improvement or other purposes. By loan type: 99% 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.