HomePromise at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the F 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%
0th89.6% deniedPricingmedian rate spread over APOR, weight 30%
25th0.58 ptsProcesswithdrawn + incomplete share, weight 15%
1st46.5%Closing coststotal loan costs ÷ loan amount, weight 10%
6th4.61% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,756 | 90 | 57.9% | 91.6% | 7.50% | $30M |
| 2024 | 1,500 | 88 | 52.0% | 89.8% | 7.38% | $33M |
| 2025 | 1,334 | 74 | 48.0% | 89.6% | 7.13% | $28M |
What HomePromise 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, 4 manufactured homes, 0 investment properties.
Why HomePromise denies applications
Primary reason reported for each of the 640 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at HomePromise
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 143 | 0 | 100.0% |
| $50k – $100k | 721 | 32 | 91.5% |
| $100k – $150k | 291 | 22 | 83.9% |
| $150k – $250k | 159 | 16 | 74.6% |
| Over $250k | 20 | 4 | 55.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 30 | 0 | 100.0% |
| 25–34 | 290 | 15 | 88.8% |
| 35–44 | 324 | 23 | 88.1% |
| 45–54 | 237 | 13 | 89.1% |
| 55–64 | 230 | 14 | 89.7% |
| 65–74 | 177 | 8 | 91.7% |
| Over 74 | 46 | 1 | 95.2% |
Where HomePromise lends
17 states and 443 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Texas | 239 | 5 | 53.6% | 7.25% | #384 |
| Florida | 176 | 11 | 50.0% | 7.00% | #390 |
| Georgia | 145 | 8 | 43.5% | 7.38% | #290 |
| Ohio | 97 | 6 | 50.5% | 7.25% | #328 |
| Alabama | 96 | 4 | 53.1% | 7.06% | #234 |
| Virginia | 92 | 11 | 42.4% | 6.88% | #295 |
| Pennsylvania | 87 | 6 | 37.9% | 7.00% | #395 |
| Michigan | 84 | 3 | 51.2% | 7.25% | #290 |
| Tennessee | 68 | 4 | 38.2% | 7.19% | #372 |
| Maryland | 59 | 6 | 42.4% | 7.00% | #298 |
| California | 53 | 3 | 58.5% | 7.50% | #517 |
| Washington | 40 | 1 | 45.0% | 7.25% | #315 |
| New Jersey | 30 | 4 | 20.0% | 7.19% | #403 |
| Colorado | 28 | 0 | 67.9% | — | #375 |
| Minnesota | 15 | 1 | 46.7% | 7.25% | #418 |
| Connecticut | 14 | 1 | 35.7% | 6.75% | #343 |
| Oregon | 11 | 0 | 81.8% | — | #358 |
Frequently asked questions
HomePromise denied 89.6% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 0th percentile of small mortgage lenders.
The most common reason HomePromise gave in 2025 was "credit history", cited on 52.0% 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 HomePromise originated in 2025 was 7.13%, and its median rate spread over the average prime offer rate was 0.58 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 92% of its applications were for home purchases, 7% for refinancing (including cash-out), and 2% for home improvement or other purposes. By loan type: 1% conventional, 4% FHA, 95% 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.