Digital 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 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%
9th29.9% deniedPricingmedian rate spread over APOR, weight 30%
18th0.54 ptsProcesswithdrawn + incomplete share, weight 15%
7th32.0%Closing coststotal loan costs ÷ loan amount, weight 10%
98th0.41% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 14,599 | 5,512 | 19.5% | 33.8% | 6.74% | $1.6B |
| 2024 | 11,425 | 4,232 | 23.2% | 37.9% | 7.87% | $951M |
| 2025 | 8,289 | 3,877 | 20.4% | 29.9% | 7.74% | $1.0B |
What Digital 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: 3,407 home-equity lines, 0 reverse mortgages, 4 manufactured homes, 225 investment properties.
Why Digital denies applications
Primary reason reported for each of the 1,687 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Digital
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 262 | 56 | 75.2% |
| $50k – $100k | 1,395 | 619 | 42.2% |
| $100k – $150k | 2,052 | 994 | 28.7% |
| $150k – $250k | 2,850 | 1,439 | 21.6% |
| Over $250k | 1,586 | 688 | 21.4% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 29 | 9 | 52.6% |
| 25–34 | 1,224 | 420 | 33.6% |
| 35–44 | 2,741 | 1,231 | 28.4% |
| 45–54 | 2,197 | 1,109 | 29.7% |
| 55–64 | 1,303 | 679 | 30.4% |
| 65–74 | 566 | 299 | 30.4% |
| Over 74 | 183 | 93 | 33.1% |
Where Digital lends
47 states and 519 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Massachusetts | 3,461 | 1,769 | 23.8% | 7.75% | #12 |
| New Hampshire | 1,129 | 651 | 20.3% | 7.74% | #9 |
| New Jersey | 391 | 153 | 17.7% | 7.50% | #139 |
| Texas | 385 | 89 | 20.5% | 6.75% | #302 |
| California | 360 | 148 | 17.2% | 7.74% | #300 |
| Georgia | 358 | 184 | 16.5% | 7.75% | #187 |
| Florida | 232 | 94 | 21.6% | 7.50% | #347 |
| North Carolina | 196 | 49 | 11.2% | 6.00% | #234 |
| Virginia | 151 | 64 | 23.2% | 7.50% | #241 |
| Illinois | 140 | 52 | 16.4% | 7.75% | #303 |
| Pennsylvania | 126 | 51 | 12.7% | 7.50% | #350 |
| New York | 105 | 45 | 22.9% | 7.99% | #261 |
| Washington | 103 | 35 | 8.7% | 7.50% | #235 |
| Rhode Island | 93 | 41 | 26.9% | 7.74% | #73 |
| Ohio | 89 | 33 | 12.4% | 7.50% | #342 |
| Arizona | 84 | 36 | 16.7% | 7.63% | #261 |
| Colorado | 84 | 50 | 15.5% | 7.75% | #244 |
| Connecticut | 71 | 36 | 16.9% | 6.81% | #199 |
| Maryland | 69 | 26 | 15.9% | 7.87% | #277 |
| Tennessee | 66 | 37 | 9.1% | 7.75% | #374 |
| Missouri | 62 | 17 | 17.7% | 7.74% | #325 |
| Maine | 61 | 32 | 18.0% | 7.13% | #119 |
| South Carolina | 60 | 30 | 16.7% | 7.75% | #322 |
| Michigan | 56 | 26 | 16.1% | 8.12% | #338 |
| Minnesota | 50 | 21 | 14.0% | 5.88% | #289 |
| Arkansas | 45 | 12 | 20.0% | 5.94% | #213 |
| Indiana | 44 | 17 | 15.9% | 7.25% | #363 |
| Delaware | 29 | 8 | 10.3% | 6.81% | #155 |
| Kentucky | 25 | 12 | 12.0% | 7.56% | #330 |
| Oregon | 22 | 9 | 9.1% | 7.25% | #288 |
| Wisconsin | 18 | 8 | 0.0% | 6.25% | #431 |
| Nevada | 17 | 5 | 29.4% | 7.75% | #286 |
| Vermont | 17 | 9 | 29.4% | 7.25% | #86 |
| Kansas | 14 | 6 | 14.3% | 8.12% | #329 |
| Nebraska | 11 | 3 | 0.0% | 7.99% | #244 |
| Alabama | 9 | 3 | 33.3% | 7.75% | #497 |
| Iowa | 9 | 3 | 0.0% | 8.00% | #369 |
| Oklahoma | 9 | 3 | 0.0% | 7.75% | #408 |
| Mississippi | 8 | 1 | 0.0% | 7.25% | #295 |
| Louisiana | 6 | 2 | 33.3% | 7.19% | #419 |
| Utah | 6 | 2 | 50.0% | 6.81% | #319 |
Frequently asked questions
Digital denied 29.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 9th percentile of mid-size mortgage lenders.
The most common reason Digital gave in 2025 was "debt-to-income ratio", cited on 45.2% 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 Digital originated in 2025 was 7.74%, and its median rate spread over the average prime offer rate was 0.54 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 28% of its applications were for home purchases, 26% for refinancing (including cash-out), and 46% 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.