Conventus 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 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%
72nd1.8% deniedProcesswithdrawn + incomplete share, weight 15%
16th17.6%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,450 | 986 | 3.7% | 5.1% | 10.75% | $759M |
| 2024 | 2,224 | 1,748 | 2.1% | 2.6% | 10.03% | $1.5B |
| 2025 | 3,264 | 2,642 | 1.5% | 1.8% | 9.49% | $2.5B |
What Conventus 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, 3,264 investment properties.
Why Conventus denies applications
Primary reason reported for each of the 48 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Conventus
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 27 | 22 | 4.4% |
| 25–34 | 448 | 371 | 2.1% |
| 35–44 | 1,382 | 1,133 | 1.2% |
| 45–54 | 891 | 731 | 1.8% |
| 55–64 | 335 | 268 | 1.8% |
| 65–74 | 129 | 102 | 1.9% |
| Over 74 | 20 | 12 | 7.7% |
Where Conventus lends
44 states and 372 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| California | 1,539 | 1,294 | 0.9% | 9.49% | #128 |
| Washington | 165 | 138 | 0.0% | 9.50% | #205 |
| Hawaii | 162 | 134 | 1.2% | 9.99% | #34 |
| Florida | 128 | 97 | 3.1% | 9.25% | #441 |
| Texas | 122 | 94 | 1.6% | 9.49% | #511 |
| Utah | 116 | 96 | 0.0% | 9.00% | #128 |
| New York | 101 | 70 | 3.0% | 9.24% | #267 |
| Georgia | 85 | 70 | 2.4% | 9.38% | #360 |
| Colorado | 79 | 64 | 0.0% | 9.25% | #251 |
| Ohio | 74 | 57 | 2.7% | 9.00% | #359 |
| Tennessee | 66 | 57 | 0.0% | 9.00% | #375 |
| Alaska | 62 | 46 | 0.0% | 9.99% | #55 |
| North Carolina | 62 | 49 | 4.8% | 8.99% | #375 |
| New Jersey | 56 | 47 | 1.8% | 8.99% | #341 |
| Maryland | 51 | 45 | 3.9% | 6.88% | #318 |
| Oregon | 49 | 35 | 2.0% | 8.00% | #226 |
| Pennsylvania | 46 | 32 | 15.2% | 7.04% | #503 |
| Arizona | 43 | 35 | 0.0% | 8.49% | #332 |
| Connecticut | 35 | 22 | 2.9% | 9.75% | #242 |
| Illinois | 35 | 29 | 2.9% | 9.50% | #513 |
| Virginia | 27 | 19 | 0.0% | 9.99% | #454 |
| Missouri | 25 | 16 | 0.0% | 10.25% | #417 |
| Indiana | 24 | 20 | 0.0% | 6.39% | #434 |
| Alabama | 17 | 14 | 0.0% | 10.25% | #412 |
| South Carolina | 17 | 12 | 5.9% | 9.99% | #468 |
| Kentucky | 11 | 7 | 9.1% | 10.75% | #405 |
| Massachusetts | 11 | 8 | 0.0% | 9.75% | #457 |
| Wisconsin | 11 | 8 | 0.0% | 10.99% | #475 |
| Michigan | 9 | 8 | 0.0% | 6.41% | #532 |
| Oklahoma | 6 | 3 | 0.0% | 8.50% | #457 |
| New Hampshire | 5 | 3 | 0.0% | 6.08% | #329 |
Frequently asked questions
Conventus denied 1.8% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 72nd percentile of investment-property lenders.
The most common reason Conventus gave in 2025 was "credit history", cited on 29.2% 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 Conventus originated in 2025 was 9.49%, and its median rate spread over the average prime offer rate was 0.00 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 66% of its applications were for home purchases, 34% 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.