Direct Mortgage Loans · Arizona · 2025

Direct Mortgage Loans in Arizona: approval rate, denial rate and rates (2025)

Direct Mortgage Loans took 470 mortgage applications in Arizona in 2025, ranking #115 of 1,082 lenders active in the state. It originated 76.6% of them and denied 2.1% (2.4% of the applications it decided), against a statewide denial rate of 16.2%.

470Applicationsin AZ
2.4%Decision denial ratestate 20.4%
6.63%Median ratestate 6.50%
$380,000Median loanstate $275,000
$152MVolume12 counties

Direct Mortgage Loans in Arizona vs the state

2.1%Denial rate-14.10 pts vs state
2.4%Decision denial rate-17.99 pts vs state
76.6%Origination rate+17.12 pts vs state
6.63%Median rate+0.13 pts vs state
0.45Rate spread (pts)+0.23 pts vs state
$135kMedian applicant income
360Loans originated
10Denied

Trend in Arizona

YearApplicationsOriginatedDenial rateMedian rateRank in state
20243322751.8%6.63%#127
20254703602.1%6.63%#115

What Direct Mortgage Loans lends in Arizona

By loan purpose

Home purchase 320 68% · 1.9% denied
Refinance 72 15% · 1.4% denied
Cash-out refinance 17 4% · 5.9% denied
Home improvement 61 13% · 3.3% denied

By loan type

Conventional 307 65% · 2.0% denied
FHA 134 29% · 3.0% denied
VA 29 6% · 0.0% denied

Why it denied Arizona applicants

Other 5 50%
Debt-to-income ratio 2 20%
Unverifiable information 1 10%
Insufficient cash 1 10%
Collateral 1 10%

Where in Arizona

Counties with the most Direct Mortgage Loans applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Maricopa County 3272495 1.5%
Pinal County 99813 3.0%
Gila County 1062 20.0%
Navajo County 860 0.0%
Coconino County 740 0.0%
Yavapai County 640 0.0%
Pima County 630 0.0%
Cochise County 330 0.0%
Graham County 110 0.0%
Yuma County 110 0.0%

Other large lenders in Arizona

LenderGradeApplicationsDenial rateMedian rate
United Shore Financial ServicesB 25,38310.2%6.25%
Rocket MortgageC 17,94715.6%6.75%
Desert Financial Credit UnionB 16,97024.3%6.49%
Crosscountry MortgageB 7,5703.8%6.58%
Fairway Independent MortgageB 6,7295.6%6.63%
Bank of AmericaF 6,22932.2%6.24%
Loandepot.ComD 6,18016.1%5.99%
Pennymac Loan ServicesC 5,83811.7%6.62%
Nova Financial & InvestmentC 5,38016.2%6.49%
Freedom MortgageB 4,9917.0%6.00%

Frequently asked questions

Arizona: 470 applications in 2025, of which 360 were originated and 10 denied.

2.1% of all applications, or 2.4% of the applications it actually decided on. The Arizona statewide average across all lenders was 16.2%.

The median rate on loans Direct Mortgage Loans originated in Arizona in 2025 was 6.63%, against a statewide median of 6.50%.

About this data. Figures are Direct Mortgage Loans's own HMDA filing for properties located in Arizona, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology