Granite Bank · Arizona · 2025

Granite Bank in Arizona: approval rate, denial rate and rates (2025)

Granite Bank took 128 mortgage applications in Arizona in 2025, ranking #216 of 1,082 lenders active in the state. It originated 82.0% of them and denied 6.3% (7.1% of the applications it decided), against a statewide denial rate of 16.2%.

128Applicationsin AZ
7.1%Decision denial ratestate 20.4%
6.63%Median ratestate 6.50%
$375,000Median loanstate $275,000
$40MVolume11 counties

Granite Bank in Arizona vs the state

6.3%Denial rate-9.98 pts vs state
7.1%Decision denial rate-13.33 pts vs state
82.0%Origination rate+22.55 pts vs state
6.63%Median rate+0.13 pts vs state
0.35Rate spread (pts)+0.13 pts vs state
$122kMedian applicant income
105Loans originated
8Denied

Trend in Arizona

YearApplicationsOriginatedDenial rateMedian rateRank in state
2024940.0%7.31%#507
20251281056.3%6.63%#216

What Granite Bank lends in Arizona

By loan purpose

Home purchase 105 82% · 5.7% denied
Refinance 10 8% · 10.0% denied
Cash-out refinance 9 7% · 0.0% denied
Home improvement 1 1% · 100.0% denied
Other / HELOC 3 2% · 0.0% denied

By loan type

Conventional 88 69% · 8.0% denied
FHA 32 25% · 3.1% denied
VA 8 6% · 0.0% denied

Why it denied Arizona applicants

Debt-to-income ratio 4 50%
Insufficient cash 1 13%
Unverifiable information 1 13%
Collateral 1 13%
Incomplete application 1 13%

Where in Arizona

Counties with the most Granite Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Maricopa County 87725 5.7%
Pinal County 30251 3.3%
Yuma County 320 0.0%
Pima County 110 0.0%
Navajo County 110 0.0%
Yavapai County 110 0.0%
Coconino County 101 100.0%
La Paz County 101 100.0%
Gila County 110 0.0%
Mohave 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: 128 applications in 2025, of which 105 were originated and 8 denied.

6.3% of all applications, or 7.1% of the applications it actually decided on. The Arizona statewide average across all lenders was 16.2%.

The median rate on loans Granite Bank originated in Arizona in 2025 was 6.63%, against a statewide median of 6.50%.

About this data. Figures are Granite Bank'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