HSBC Bank USA at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B 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%
53rd9.5% deniedPricingmedian rate spread over APOR, weight 30%
84th-0.06 ptsProcesswithdrawn + incomplete share, weight 15%
16th26.1%Closing coststotal loan costs ÷ loan amount, weight 10%
96th0.64% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 4,039 | 2,627 | 7.6% | 10.4% | 6.24% | $2.9B |
| 2024 | 5,503 | 3,659 | 5.0% | 6.9% | 6.11% | $4.8B |
| 2025 | 4,645 | 3,065 | 7.0% | 9.5% | 5.95% | $3.8B |
What HSBC Bank USA 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: 652 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 422 investment properties.
Why HSBC Bank USA denies applications
Primary reason reported for each of the 325 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at HSBC Bank USA
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 23 | 4 | 76.5% |
| $50k – $100k | 101 | 47 | 35.1% |
| $100k – $150k | 203 | 108 | 24.3% |
| $150k – $250k | 825 | 558 | 10.6% |
| Over $250k | 3,345 | 2,257 | 6.7% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 31 | 20 | 23.1% |
| 25–34 | 1,263 | 933 | 4.3% |
| 35–44 | 1,711 | 1,139 | 7.4% |
| 45–54 | 967 | 604 | 14.8% |
| 55–64 | 434 | 244 | 17.8% |
| 65–74 | 143 | 77 | 18.0% |
| Over 74 | 66 | 37 | 9.3% |
Where HSBC Bank USA lends
45 states and 284 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| California | 2,095 | 1,526 | 3.9% | 5.86% | #103 |
| New York | 937 | 538 | 11.7% | 5.99% | #97 |
| Washington | 488 | 358 | 2.5% | 5.84% | #104 |
| Florida | 264 | 134 | 14.4% | 6.03% | #330 |
| New Jersey | 254 | 144 | 12.6% | 5.99% | #176 |
| Texas | 96 | 60 | 9.4% | 6.06% | #565 |
| Connecticut | 60 | 37 | 11.7% | 5.98% | #211 |
| Virginia | 44 | 17 | 9.1% | 5.99% | #391 |
| Illinois | 37 | 22 | 8.1% | 6.00% | #503 |
| Massachusetts | 37 | 25 | 5.4% | 6.15% | #361 |
| Pennsylvania | 36 | 21 | 5.6% | 6.15% | #525 |
| North Carolina | 35 | 24 | 5.7% | 6.06% | #447 |
| Colorado | 32 | 17 | 3.1% | 5.98% | #362 |
| Georgia | 32 | 18 | 15.6% | 5.99% | #514 |
| Maryland | 26 | 18 | 7.7% | 6.22% | #385 |
| Tennessee | 21 | 15 | 9.5% | 5.99% | #528 |
| Arizona | 19 | 14 | 10.5% | 6.08% | #420 |
| South Carolina | 17 | 9 | 5.9% | 6.18% | #469 |
| District of Columbia | 14 | 8 | 7.1% | 6.06% | #153 |
| Utah | 14 | 10 | 14.3% | 5.98% | #261 |
| Nevada | 12 | 7 | 8.3% | 6.25% | #305 |
| Missouri | 9 | 5 | 11.1% | 5.74% | #521 |
| Oregon | 8 | 6 | 12.5% | 6.07% | #389 |
| Michigan | 7 | 4 | 0.0% | 6.22% | #551 |
| Rhode Island | 7 | 5 | 28.6% | 5.99% | #214 |
| Minnesota | 6 | 2 | 0.0% | 5.75% | #522 |
| Ohio | 5 | 3 | 0.0% | 6.94% | #710 |
Frequently asked questions
HSBC Bank USA denied 9.5% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 53rd percentile of mid-size mortgage lenders.
The most common reason HSBC Bank USA gave in 2025 was "debt-to-income ratio", cited on 52.9% 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 HSBC Bank USA originated in 2025 was 5.95%, and its median rate spread over the average prime offer rate was -0.06 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 66% of its applications were for home purchases, 21% for refinancing (including cash-out), and 12% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% 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.