Commonwealth One at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the D 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%
7th31.8% deniedPricingmedian rate spread over APOR, weight 30%
13th0.95 ptsProcesswithdrawn + incomplete share, weight 15%
82nd4.0%Closing coststotal loan costs ÷ loan amount, weight 10%
92nd0.62% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 369 | 262 | 18.7% | 19.7% | 5.99% | $49M |
| 2024 | 197 | 106 | 41.6% | 41.6% | 7.32% | $14M |
| 2025 | 200 | 117 | 30.5% | 31.8% | 6.87% | $22M |
What Commonwealth One 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, 13 investment properties.
Why Commonwealth One denies applications
Primary reason reported for each of the 61 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Commonwealth One
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 55 | 25 | 49.1% |
| $100k – $150k | 49 | 29 | 24.4% |
| $150k – $250k | 60 | 40 | 20.7% |
| Over $250k | 22 | 20 | 9.1% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 35–44 | 41 | 28 | 26.8% |
| 45–54 | 59 | 35 | 28.1% |
| 55–64 | 38 | 24 | 23.5% |
| 65–74 | 31 | 15 | 41.4% |
| Over 74 | 20 | 9 | 50.0% |
Where Commonwealth One lends
9 states and 42 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Virginia | 126 | 80 | 23.8% | 6.81% | #261 |
| Maryland | 48 | 26 | 33.3% | 7.06% | #321 |
| District of Columbia | 16 | 6 | 62.5% | 7.31% | #146 |
| Kentucky | 5 | 2 | 60.0% | 7.69% | #485 |
Frequently asked questions
Commonwealth One denied 31.8% 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 small mortgage lenders.
The most common reason Commonwealth One gave in 2025 was "credit history", cited on 57.4% 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 One originated in 2025 was 6.87%, and its median rate spread over the average prime offer rate was 0.95 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 16% of its applications were for home purchases, 10% for refinancing (including cash-out), and 75% 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.