Fair Way Lending at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B 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%
85th2.7% deniedPricingmedian rate spread over APOR, weight 30%
29th0.50 ptsProcesswithdrawn + incomplete share, weight 15%
54th10.8%Closing coststotal loan costs ÷ loan amount, weight 10%
25th2.71% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 329 | 253 | 4.0% | 4.9% | 6.88% | $57M |
| 2024 | 305 | 249 | 2.0% | 2.3% | 6.88% | $56M |
| 2025 | 296 | 257 | 2.4% | 2.7% | 6.75% | $63M |
What Fair Way Lending 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, 10 manufactured homes, 11 investment properties.
Why Fair Way Lending denies applications
Primary reason reported for each of the 7 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Fair Way Lending
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 38 | 25 | 16.7% |
| $50k – $100k | 149 | 134 | 0.7% |
| $100k – $150k | 64 | 58 | 0.0% |
| $150k – $250k | 33 | 30 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 23 | 22 | 0.0% |
| 25–34 | 82 | 74 | 3.9% |
| 35–44 | 66 | 61 | 1.6% |
| 45–54 | 65 | 56 | 1.8% |
| 55–64 | 33 | 24 | 7.7% |
| 65–74 | 24 | 17 | 0.0% |
Where Fair Way Lending lends
6 states and 66 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
Fair Way Lending denied 2.7% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 85th percentile of small mortgage lenders.
The most common reason Fair Way Lending gave in 2025 was "other", cited on 85.7% 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 Fair Way Lending originated in 2025 was 6.75%, and its median rate spread over the average prime offer rate was 0.50 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 77% of its applications were for home purchases, 22% for refinancing (including cash-out), and 1% for home improvement or other purposes. By loan type: 53% conventional, 35% FHA, 3% 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.