Desco 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 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%
25th17.1% deniedPricingmedian rate spread over APOR, weight 30%
52nd0.25 ptsProcesswithdrawn + incomplete share, weight 15%
10th25.7%Closing coststotal loan costs ÷ loan amount, weight 10%
27th2.60% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 401 | 233 | 17.5% | 22.4% | 6.88% | $28M |
| 2024 | 396 | 243 | 19.4% | 23.1% | 6.99% | $36M |
| 2025 | 409 | 241 | 12.7% | 17.1% | 6.50% | $38M |
What Desco 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, 19 manufactured homes, 83 investment properties.
Why Desco denies applications
Primary reason reported for each of the 52 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Desco
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 65 | 39 | 26.8% |
| $50k – $100k | 103 | 66 | 14.1% |
| $100k – $150k | 54 | 43 | 4.4% |
| $150k – $250k | 45 | 37 | 2.6% |
| Over $250k | 21 | 16 | 5.9% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 68 | 43 | 8.2% |
| 35–44 | 82 | 48 | 13.8% |
| 45–54 | 74 | 33 | 33.3% |
| 55–64 | 58 | 30 | 25.6% |
| 65–74 | 49 | 31 | 20.0% |
Where Desco lends
5 states and 27 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Ohio | 249 | 139 | 14.9% | 6.63% | #208 |
| Kentucky | 134 | 88 | 6.7% | 6.44% | #178 |
| West Virginia | 21 | 14 | 9.5% | 6.81% | #193 |
Frequently asked questions
Desco denied 17.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 25th percentile of small mortgage lenders.
The most common reason Desco gave in 2025 was "credit history", cited on 63.5% 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 Desco originated in 2025 was 6.50%, 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, 49% of its applications were for home purchases, 45% for refinancing (including cash-out), and 6% for home improvement or other purposes. By loan type: 95% conventional, 3% FHA, 1% 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.