Fairway Independent Mortgage · Arizona · 2025

Fairway Independent Mortgage in Arizona: approval rate, denial rate and rates (2025)

Fairway Independent Mortgage took 6,729 mortgage applications in Arizona in 2025, ranking #5 of 1,082 lenders active in the state. It originated 70.2% of them and denied 5.6% (7.3% of the applications it decided), against a statewide denial rate of 16.2%.

6.7kApplicationsin AZ
7.3%Decision denial ratestate 20.4%
6.63%Median ratestate 6.50%
$325,000Median loanstate $275,000
$1.7BVolume15 counties

Fairway Independent Mortgage in Arizona vs the state

5.6%Denial rate-10.61 pts vs state
7.3%Decision denial rate-13.07 pts vs state
70.2%Origination rate+10.72 pts vs state
6.63%Median rate+0.13 pts vs state
0.36Rate spread (pts)+0.14 pts vs state
$108kMedian applicant income
4,724Loans originated
378Denied

Trend in Arizona

YearApplicationsOriginatedDenial rateMedian rateRank in state
20237,6695,5184.9%6.75%#5
20246,4144,5135.4%6.75%#5
20256,7294,7245.6%6.63%#5

What Fairway Independent Mortgage lends in Arizona

By loan purpose

Home purchase 4,974 74% · 4.5% denied
Refinance 815 12% · 5.6% denied
Cash-out refinance 576 9% · 10.6% denied
Home improvement 103 2% · 8.7% denied
Other / HELOC 261 4% · 14.2% denied

By loan type

Conventional 4,397 65% · 5.1% denied
FHA 1,687 25% · 8.1% denied
VA 615 9% · 3.3% denied
USDA / RHS 30 0% · 0.0% denied

Why it denied Arizona applicants

Debt-to-income ratio 103 27%
Credit history 70 19%
Collateral 63 17%
Incomplete application 48 13%
Other 37 10%
Unverifiable information 32 8%
Insufficient cash 13 3%
Employment history 12 3%

Where in Arizona

Counties with the most Fairway Independent Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Maricopa County 3,8492,689231 6.0%
Pima County 1,33291663 4.7%
Pinal County 64345835 5.4%
Yavapai County 32623111 3.4%
Graham County 16212511 6.8%
Cochise County 89782 2.2%
Coconino County 876210 11.5%
Mohave County 64456 9.4%
Navajo County 53355 9.4%
Santa Cruz County 47300 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%
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%
NewrezD 4,92216.9%6.38%

Frequently asked questions

Arizona: 6,729 applications in 2025, of which 4,724 were originated and 378 denied.

5.6% of all applications, or 7.3% of the applications it actually decided on. The Arizona statewide average across all lenders was 16.2%.

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

About this data. Figures are Fairway Independent Mortgage'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