Homexpress Mortgage 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 220 investment-property lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
3rd43.0% deniedPricingmedian rate spread over APOR, weight 30%
43rd1.14 ptsProcesswithdrawn + incomplete share, weight 15%
82nd0.8%Closing coststotal loan costs ÷ loan amount, weight 10%
11th4.72% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 7,838 | 4,287 | 43.1% | 43.5% | 8.50% | $1.7B |
| 2024 | 10,915 | 6,004 | 42.8% | 43.2% | 8.00% | $2.5B |
| 2025 | 14,381 | 7,983 | 42.7% | 43.0% | 7.38% | $3.3B |
What Homexpress Mortgage 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, 5 manufactured homes, 10,372 investment properties.
Why Homexpress Mortgage denies applications
Primary reason reported for each of the 6,139 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Homexpress Mortgage
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 119 | 33 | 69.9% |
| $50k – $100k | 716 | 328 | 53.3% |
| $100k – $150k | 719 | 364 | 48.7% |
| $150k – $250k | 969 | 514 | 45.7% |
| Over $250k | 2,142 | 1,307 | 37.8% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 245 | 110 | 54.3% |
| 25–34 | 1,792 | 958 | 45.1% |
| 35–44 | 3,795 | 2,126 | 42.4% |
| 45–54 | 3,951 | 2,211 | 42.7% |
| 55–64 | 2,897 | 1,666 | 41.2% |
| 65–74 | 1,302 | 679 | 46.0% |
| Over 74 | 399 | 233 | 40.6% |
Where Homexpress Mortgage lends
48 states and 1,188 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Florida | 2,484 | 1,325 | 44.8% | 7.38% | #82 |
| California | 2,310 | 1,332 | 40.7% | 7.25% | #90 |
| Texas | 1,829 | 930 | 47.0% | 7.50% | #111 |
| Georgia | 495 | 254 | 47.9% | 7.50% | #153 |
| Arizona | 442 | 254 | 41.4% | 7.38% | #122 |
| Ohio | 424 | 210 | 47.9% | 7.75% | #158 |
| Pennsylvania | 372 | 201 | 43.0% | 7.75% | #204 |
| Tennessee | 353 | 196 | 41.9% | 7.50% | #143 |
| North Carolina | 338 | 197 | 40.2% | 7.63% | #177 |
| Alabama | 334 | 188 | 41.3% | 7.50% | #108 |
| Illinois | 334 | 183 | 43.1% | 7.63% | #179 |
| Washington | 298 | 172 | 40.6% | 7.38% | #150 |
| Hawaii | 295 | 181 | 38.0% | 7.38% | #24 |
| New Jersey | 294 | 183 | 37.1% | 7.25% | #166 |
| Maryland | 293 | 162 | 43.0% | 7.63% | #128 |
| Virginia | 242 | 143 | 40.5% | 7.50% | #187 |
| South Carolina | 238 | 158 | 32.8% | 7.38% | #166 |
| Oregon | 236 | 170 | 27.5% | 7.25% | #103 |
| Colorado | 212 | 116 | 43.9% | 7.25% | #178 |
| Indiana | 212 | 93 | 51.4% | 7.75% | #193 |
| Nevada | 209 | 121 | 41.2% | 7.38% | #102 |
| Michigan | 201 | 108 | 46.3% | 7.63% | #208 |
| Connecticut | 193 | 99 | 44.6% | 7.38% | #103 |
| Wisconsin | 192 | 122 | 34.4% | 7.69% | #167 |
| Missouri | 189 | 119 | 34.9% | 7.50% | #192 |
| Massachusetts | 171 | 104 | 37.4% | 7.50% | #182 |
| Utah | 145 | 79 | 44.8% | 7.38% | #117 |
| Louisiana | 131 | 81 | 36.6% | 7.50% | #157 |
| Oklahoma | 116 | 66 | 39.7% | 7.63% | #166 |
| Minnesota | 89 | 45 | 47.2% | 7.88% | #221 |
| Idaho | 86 | 57 | 31.4% | 7.25% | #124 |
| New Mexico | 79 | 36 | 53.2% | 7.50% | #117 |
| Kentucky | 69 | 42 | 36.2% | 7.25% | #239 |
| Kansas | 67 | 32 | 47.8% | 7.75% | #201 |
| Maine | 54 | 23 | 53.7% | 7.38% | #122 |
| Rhode Island | 48 | 29 | 35.4% | 7.75% | #100 |
| Mississippi | 46 | 31 | 32.6% | 7.38% | #177 |
| New Hampshire | 45 | 26 | 40.0% | 7.50% | #140 |
| District of Columbia | 42 | 17 | 57.1% | 7.38% | #81 |
| Iowa | 42 | 21 | 50.0% | 7.88% | #237 |
| Arkansas | 34 | 19 | 44.1% | 7.63% | #234 |
| Delaware | 32 | 21 | 34.4% | 8.00% | #148 |
| Montana | 22 | 17 | 22.7% | 7.38% | #137 |
| West Virginia | 18 | 7 | 61.1% | 7.63% | #206 |
| Nebraska | 10 | 5 | 40.0% | 7.25% | #251 |
| Alaska | 8 | 3 | 62.5% | 7.88% | #111 |
Frequently asked questions
Homexpress Mortgage denied 43.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 3rd percentile of investment-property lenders.
The most common reason Homexpress Mortgage gave in 2025 was "credit history", cited on 66.9% 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 Homexpress Mortgage originated in 2025 was 7.38%, and its median rate spread over the average prime offer rate was 1.14 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 35% of its applications were for home purchases, 65% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 97% conventional, 2% FHA, 1% 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.