Commonwealth at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 412 home-equity (HELOC) lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
31st30.7% deniedPricingmedian rate spread over APOR, weight 30%
42nd0.25 ptsProcesswithdrawn + incomplete share, weight 15%
27th16.9%Closing coststotal loan costs ÷ loan amount, weight 10%
55th2.97% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 2,789 | 1,796 | 22.2% | 25.4% | 8.25% | $179M |
| 2024 | 2,600 | 1,543 | 23.4% | 28.2% | 8.25% | $217M |
| 2025 | 3,342 | 1,890 | 25.5% | 30.7% | 7.25% | $292M |
What Commonwealth 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: 1,978 home-equity lines, 0 reverse mortgages, 132 manufactured homes, 211 investment properties.
Why Commonwealth denies applications
Primary reason reported for each of the 853 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Commonwealth
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 422 | 130 | 61.9% |
| $50k – $100k | 1,171 | 632 | 33.5% |
| $100k – $150k | 794 | 469 | 27.8% |
| $150k – $250k | 580 | 391 | 18.3% |
| Over $250k | 182 | 128 | 10.3% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 74 | 39 | 38.1% |
| 25–34 | 463 | 243 | 36.7% |
| 35–44 | 741 | 403 | 33.6% |
| 45–54 | 816 | 492 | 27.8% |
| 55–64 | 581 | 317 | 30.4% |
| 65–74 | 370 | 198 | 30.2% |
| Over 74 | 123 | 60 | 38.8% |
Where Commonwealth lends
15 states and 127 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
Commonwealth denied 30.7% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 31st percentile of home-equity (HELOC) lenders.
The most common reason Commonwealth gave in 2025 was "debt-to-income ratio", cited on 40.2% 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 Commonwealth originated in 2025 was 7.25%, and its median rate spread over the average prime offer rate was 0.25 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 21% of its applications were for home purchases, 29% for refinancing (including cash-out), and 51% for home improvement or other purposes. By loan type: 99% conventional, 1% 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.