Clearedge Lending 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 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
10th28.2% deniedPricingmedian rate spread over APOR, weight 30%
7th0.83 ptsProcesswithdrawn + incomplete share, weight 15%
59th15.0%Closing coststotal loan costs ÷ loan amount, weight 10%
13th3.57% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 2,679 | 1,438 | 27.5% | 33.2% | 8.25% | $813M |
| 2024 | 3,565 | 2,135 | 22.8% | 27.3% | 7.63% | $1.3B |
| 2025 | 4,575 | 2,742 | 24.0% | 28.2% | 7.25% | $1.8B |
What Clearedge Lending 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, 2,259 investment properties.
Why Clearedge Lending denies applications
Primary reason reported for each of the 1,096 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Clearedge Lending
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 65 | 30 | 49.2% |
| $50k – $100k | 273 | 169 | 28.2% |
| $100k – $150k | 340 | 196 | 29.6% |
| $150k – $250k | 545 | 337 | 24.6% |
| Over $250k | 1,442 | 962 | 20.7% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 53 | 33 | 26.1% |
| 25–34 | 480 | 283 | 28.6% |
| 35–44 | 1,023 | 614 | 28.5% |
| 45–54 | 1,115 | 669 | 28.7% |
| 55–64 | 855 | 513 | 27.6% |
| 65–74 | 367 | 218 | 27.1% |
| Over 74 | 121 | 66 | 30.6% |
Where Clearedge Lending lends
44 states and 570 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| California | 1,378 | 898 | 18.7% | 7.13% | #137 |
| Florida | 1,104 | 661 | 24.0% | 7.25% | #142 |
| Texas | 519 | 286 | 29.3% | 7.38% | #255 |
| Georgia | 248 | 157 | 22.6% | 7.38% | #219 |
| Tennessee | 108 | 59 | 24.1% | 7.25% | #307 |
| Arizona | 103 | 57 | 28.2% | 7.13% | #240 |
| Washington | 101 | 61 | 24.8% | 7.00% | #238 |
| Utah | 87 | 47 | 25.3% | 7.38% | #139 |
| Nevada | 72 | 44 | 23.6% | 7.06% | #175 |
| Maryland | 68 | 46 | 26.5% | 7.44% | #280 |
| Pennsylvania | 67 | 43 | 19.4% | 7.25% | #441 |
| New Jersey | 61 | 37 | 24.6% | 7.25% | #330 |
| Ohio | 57 | 37 | 22.8% | 7.75% | #389 |
| Illinois | 55 | 26 | 23.6% | 7.63% | #443 |
| North Carolina | 53 | 32 | 30.2% | 7.38% | #393 |
| Colorado | 47 | 26 | 27.7% | 7.00% | #308 |
| South Carolina | 47 | 27 | 23.4% | 7.50% | #354 |
| Virginia | 42 | 21 | 26.2% | 7.25% | #396 |
| Michigan | 37 | 18 | 35.1% | 7.56% | #368 |
| New York | 32 | 9 | 56.3% | 6.88% | #371 |
| Connecticut | 31 | 12 | 41.9% | 7.63% | #254 |
| Wisconsin | 30 | 18 | 30.0% | 7.19% | #389 |
| Indiana | 29 | 13 | 27.6% | 7.50% | #414 |
| Minnesota | 28 | 13 | 39.3% | 7.75% | #349 |
| Missouri | 28 | 14 | 28.6% | 7.38% | #411 |
| Oregon | 23 | 15 | 26.1% | 7.13% | #283 |
| Oklahoma | 15 | 5 | 40.0% | 7.63% | #360 |
| Idaho | 12 | 8 | 25.0% | 7.31% | #261 |
| Massachusetts | 12 | 8 | 16.7% | 6.88% | #447 |
| Alabama | 11 | 4 | 63.6% | 7.31% | #470 |
| Kentucky | 10 | 7 | 10.0% | 7.25% | #419 |
| Louisiana | 10 | 3 | 30.0% | 8.63% | #372 |
| Arkansas | 9 | 6 | 22.2% | 7.63% | #345 |
| District of Columbia | 9 | 4 | 44.4% | 7.00% | #188 |
| New Hampshire | 8 | 4 | 37.5% | 7.19% | #284 |
| New Mexico | 8 | 6 | 25.0% | 7.94% | #279 |
| Delaware | 5 | 3 | 40.0% | 6.88% | #309 |
Frequently asked questions
Clearedge Lending denied 28.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 10th percentile of mid-size mortgage lenders.
The most common reason Clearedge Lending gave in 2025 was "collateral", cited on 49.5% 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 Clearedge Lending originated in 2025 was 7.25%, and its median rate spread over the average prime offer rate was 0.83 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 59% of its applications were for home purchases, 35% for refinancing (including cash-out), and 5% 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.