Inova 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 412 home-equity (HELOC) lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
54th23.2% deniedPricingmedian rate spread over APOR, weight 30%
62nd-0.07 ptsProcesswithdrawn + incomplete share, weight 15%
50th12.7%Closing coststotal loan costs ÷ loan amount, weight 10%
40th3.53% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 623 | 396 | 21.4% | 24.2% | 2.99% | $42M |
| 2024 | 692 | 431 | 19.7% | 22.7% | 2.99% | $43M |
| 2025 | 601 | 374 | 20.3% | 23.2% | 2.99% | $47M |
What Inova 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: 422 home-equity lines, 0 reverse mortgages, 6 manufactured homes, 8 investment properties.
Why Inova denies applications
Primary reason reported for each of the 122 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Inova
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 98 | 45 | 42.9% |
| $50k – $100k | 258 | 171 | 20.7% |
| $100k – $150k | 134 | 86 | 19.3% |
| $150k – $250k | 74 | 51 | 14.8% |
| Over $250k | 27 | 19 | 12.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 67 | 40 | 24.1% |
| 35–44 | 127 | 84 | 18.5% |
| 45–54 | 126 | 79 | 23.0% |
| 55–64 | 143 | 77 | 31.4% |
| 65–74 | 93 | 59 | 22.0% |
| Over 74 | 39 | 30 | 13.5% |
Where Inova lends
30 states and 114 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Indiana | 449 | 305 | 15.8% | 2.99% | #127 |
| Michigan | 33 | 21 | 18.2% | 2.99% | #378 |
| California | 17 | 6 | 23.5% | 2.99% | #661 |
| Florida | 15 | 5 | 46.7% | 5.88% | #823 |
| Illinois | 14 | 7 | 28.6% | 2.99% | #638 |
| Ohio | 14 | 4 | 57.1% | 2.99% | #578 |
| North Carolina | 13 | 8 | 15.4% | 2.99% | #588 |
| Connecticut | 6 | 5 | 16.7% | 2.99% | #427 |
| Georgia | 5 | 3 | 20.0% | 2.99% | #776 |
| Nevada | 5 | 2 | 40.0% | 2.99% | #366 |
| South Carolina | 5 | 2 | 20.0% | 6.44% | #651 |
Frequently asked questions
Inova denied 23.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 54th percentile of home-equity (HELOC) lenders.
The most common reason Inova gave in 2025 was "credit history", cited on 44.3% 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 Inova originated in 2025 was 2.99%, and its median rate spread over the average prime offer rate was -0.07 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 15% of its applications were for home purchases, 24% for refinancing (including cash-out), and 61% for home improvement or other purposes. By loan type: 99% conventional, 1% 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.