Educational Systems 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 412 home-equity (HELOC) lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
6th43.9% deniedPricingmedian rate spread over APOR, weight 30%
96th-2.28 ptsProcesswithdrawn + incomplete share, weight 15%
67th9.5%Closing coststotal loan costs ÷ loan amount, weight 10%
27th4.07% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,031 | 533 | 36.5% | 40.1% | 4.99% | $53M |
| 2024 | 1,264 | 584 | 39.2% | 44.8% | 4.99% | $68M |
| 2025 | 1,482 | 686 | 39.7% | 43.9% | 4.99% | $127M |
What Educational Systems 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: 937 home-equity lines, 0 reverse mortgages, 3 manufactured homes, 30 investment properties.
Why Educational Systems denies applications
Primary reason reported for each of the 589 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Educational Systems
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 93 | 14 | 81.8% |
| $50k – $100k | 389 | 118 | 63.6% |
| $100k – $150k | 443 | 215 | 41.8% |
| $150k – $250k | 395 | 231 | 27.9% |
| Over $250k | 148 | 107 | 13.4% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 111 | 58 | 34.9% |
| 35–44 | 300 | 141 | 39.5% |
| 45–54 | 401 | 178 | 46.7% |
| 55–64 | 388 | 180 | 46.0% |
| 65–74 | 192 | 86 | 48.2% |
| Over 74 | 86 | 41 | 40.9% |
Where Educational Systems lends
23 states and 94 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Maryland | 1,309 | 608 | 40.1% | 4.99% | #44 |
| Virginia | 70 | 42 | 18.6% | 4.99% | #331 |
| District of Columbia | 20 | 7 | 40.0% | 3.49% | #121 |
| Delaware | 16 | 5 | 50.0% | 3.49% | #198 |
| Florida | 10 | 1 | 70.0% | 5.50% | #920 |
| South Carolina | 10 | 4 | 40.0% | 4.81% | #528 |
| North Carolina | 7 | 2 | 71.4% | 5.00% | #675 |
| New Jersey | 7 | 2 | 57.1% | 4.19% | #568 |
| West Virginia | 7 | 5 | 14.3% | 4.99% | #294 |
| Pennsylvania | 6 | 4 | 16.7% | 5.06% | #765 |
Frequently asked questions
Educational Systems denied 43.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 6th percentile of home-equity (HELOC) lenders.
The most common reason Educational Systems gave in 2025 was "other", cited on 40.6% 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 Educational Systems originated in 2025 was 4.99%, and its median rate spread over the average prime offer rate was -2.28 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 9% of its applications were for home purchases, 24% for refinancing (including cash-out), and 68% 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.