FlexPoint 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 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
74th4.8% deniedPricingmedian rate spread over APOR, weight 30%
9th0.77 ptsProcesswithdrawn + incomplete share, weight 15%
16th26.5%Closing coststotal loan costs ÷ loan amount, weight 10%
15th3.48% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,739 | 565 | 12.3% | 20.2% | 7.63% | $238M |
| 2024 | 3,892 | 1,983 | 5.1% | 6.8% | 7.13% | $945M |
| 2025 | 6,101 | 3,059 | 3.6% | 4.8% | 7.00% | $1.5B |
What FlexPoint 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: 9 home-equity lines, 0 reverse mortgages, 57 manufactured homes, 1,718 investment properties.
Why FlexPoint denies applications
Primary reason reported for each of the 217 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at FlexPoint
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 167 | 14 | 27.0% |
| $50k – $100k | 863 | 379 | 5.6% |
| $100k – $150k | 1,200 | 624 | 4.3% |
| $150k – $250k | 1,234 | 654 | 4.5% |
| Over $250k | 1,553 | 856 | 3.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 174 | 98 | 6.4% |
| 25–34 | 1,125 | 670 | 3.5% |
| 35–44 | 1,699 | 885 | 4.7% |
| 45–54 | 1,475 | 725 | 5.2% |
| 55–64 | 1,001 | 455 | 4.9% |
| 65–74 | 417 | 158 | 7.9% |
| Over 74 | 163 | 63 | 4.4% |
Where FlexPoint lends
45 states and 502 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| California | 3,460 | 1,861 | 3.1% | 6.88% | #58 |
| Florida | 638 | 284 | 4.6% | 7.25% | #207 |
| Texas | 562 | 290 | 5.9% | 7.25% | #240 |
| North Carolina | 172 | 89 | 1.7% | 6.88% | #250 |
| Georgia | 149 | 80 | 2.0% | 7.38% | #283 |
| Arizona | 120 | 48 | 8.3% | 7.25% | #226 |
| New Jersey | 99 | 36 | 2.0% | 7.25% | #266 |
| Pennsylvania | 88 | 29 | 4.6% | 7.50% | #390 |
| Virginia | 88 | 46 | 3.4% | 7.13% | #303 |
| Colorado | 78 | 42 | 0.0% | 7.25% | #252 |
| Tennessee | 73 | 26 | 4.1% | 7.25% | #364 |
| Nevada | 67 | 34 | 4.5% | 7.25% | #181 |
| Illinois | 63 | 26 | 6.4% | 7.13% | #425 |
| Maryland | 61 | 14 | 1.6% | 7.63% | #296 |
| South Carolina | 41 | 25 | 0.0% | 7.00% | #369 |
| Washington | 37 | 19 | 0.0% | 7.25% | #324 |
| Oklahoma | 33 | 12 | 0.0% | 6.94% | #292 |
| New York | 30 | 11 | 13.3% | 7.00% | #377 |
| Oregon | 28 | 14 | 0.0% | 7.75% | #274 |
| New Mexico | 27 | 11 | 0.0% | 6.88% | #182 |
| Massachusetts | 22 | 11 | 0.0% | 7.50% | #408 |
| Ohio | 22 | 6 | 0.0% | 7.94% | #517 |
| Michigan | 20 | 2 | 10.0% | 6.94% | #433 |
| Missouri | 19 | 1 | 0.0% | 6.75% | #437 |
| Hawaii | 17 | 6 | 17.7% | 7.25% | #138 |
| Indiana | 14 | 5 | 7.1% | 7.13% | #505 |
| Idaho | 10 | 5 | 0.0% | 7.00% | #268 |
| Alabama | 6 | 4 | 0.0% | 6.69% | #549 |
| Iowa | 6 | 1 | 0.0% | 6.50% | #413 |
| Kansas | 6 | 5 | 0.0% | 7.75% | #395 |
| District of Columbia | 5 | 2 | 0.0% | 7.06% | #241 |
| Louisiana | 5 | 4 | 0.0% | 7.31% | #434 |
| Maine | 5 | 3 | 0.0% | 6.75% | #277 |
Frequently asked questions
FlexPoint denied 4.8% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 74th percentile of mid-size mortgage lenders.
The most common reason FlexPoint gave in 2025 was "collateral", cited on 26.7% 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 FlexPoint originated in 2025 was 7.00%, and its median rate spread over the average prime offer rate was 0.77 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 55% of its applications were for home purchases, 45% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 82% conventional, 16% FHA, 2% 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.