Direct Mortgage 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%
26th16.8% deniedProcesswithdrawn + incomplete share, weight 15%
80th4.7%Closing coststotal loan costs ÷ loan amount, weight 10%
10th3.72% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 469 | 395 | 10.2% | 10.8% | 6.63% | $160M |
| 2024 | 590 | 501 | 11.4% | 11.8% | 6.63% | $209M |
| 2025 | 513 | 407 | 16.0% | 16.8% | 6.50% | $169M |
What Direct Mortgage 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, 26 investment properties.
Why Direct Mortgage denies applications
Primary reason reported for each of the 82 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Direct Mortgage
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 157 | 126 | 14.3% |
| $100k – $150k | 139 | 112 | 17.0% |
| $150k – $250k | 129 | 105 | 14.6% |
| Over $250k | 58 | 46 | 19.3% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 32 | 24 | 22.6% |
| 25–34 | 143 | 118 | 13.9% |
| 35–44 | 172 | 131 | 19.1% |
| 45–54 | 94 | 73 | 17.1% |
| 55–64 | 48 | 42 | 10.6% |
| 65–74 | 20 | 16 | 20.0% |
Where Direct Mortgage lends
19 states and 122 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Texas | 176 | 135 | 18.8% | 6.63% | #439 |
| Utah | 137 | 109 | 13.1% | 6.50% | #121 |
| Colorado | 85 | 68 | 18.8% | 5.88% | #243 |
| California | 31 | 28 | 9.7% | 6.63% | #587 |
| Florida | 20 | 17 | 10.0% | 6.88% | #757 |
| Maryland | 11 | 7 | 36.4% | 7.00% | #460 |
| Arizona | 10 | 8 | 10.0% | 6.81% | #504 |
| Virginia | 10 | 7 | 20.0% | 6.75% | #564 |
| North Carolina | 7 | 6 | 14.3% | 7.19% | #682 |
| South Carolina | 6 | 5 | 0.0% | 5.99% | #605 |
| Illinois | 5 | 4 | 20.0% | 6.44% | #769 |
Frequently asked questions
Direct Mortgage denied 16.8% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 26th percentile of small mortgage lenders.
The most common reason Direct Mortgage gave in 2025 was "incomplete application", cited on 100.0% 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 Direct Mortgage originated in 2025 was 6.50%, 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, 83% of its applications were for home purchases, 17% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 57% conventional, 35% FHA, 8% 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.