Instamortgage at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A 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%
86th2.6% deniedPricingmedian rate spread over APOR, weight 30%
74th0.08 ptsProcesswithdrawn + incomplete share, weight 15%
48th12.0%Closing coststotal loan costs ÷ loan amount, weight 10%
48th1.97% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 158 | 124 | 1.3% | 1.6% | 6.88% | $47M |
| 2024 | 144 | 135 | 0.0% | 0.0% | 6.63% | $54M |
| 2025 | 308 | 256 | 2.3% | 2.6% | 6.38% | $117M |
What Instamortgage 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, 3 manufactured homes, 39 investment properties.
Why Instamortgage denies applications
Primary reason reported for each of the 7 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Instamortgage
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 68 | 59 | 0.0% |
| $100k – $150k | 90 | 67 | 5.6% |
| $150k – $250k | 85 | 73 | 1.3% |
| Over $250k | 51 | 45 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 58 | 49 | 2.0% |
| 35–44 | 102 | 91 | 1.1% |
| 45–54 | 76 | 62 | 1.5% |
| 55–64 | 39 | 31 | 6.1% |
| 65–74 | 20 | 14 | 0.0% |
Where Instamortgage lends
22 states and 94 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Virginia | 88 | 74 | 4.6% | 6.13% | #302 |
| Maryland | 63 | 43 | 1.6% | 6.49% | #292 |
| Texas | 33 | 33 | 0.0% | 6.38% | #783 |
| California | 24 | 20 | 4.2% | 6.69% | #617 |
| New Jersey | 20 | 18 | 0.0% | 6.31% | #451 |
| Georgia | 13 | 13 | 0.0% | 6.50% | #630 |
| Nevada | 12 | 11 | 0.0% | 6.13% | #304 |
| Washington | 11 | 7 | 0.0% | 5.88% | #450 |
| Florida | 10 | 10 | 0.0% | 6.31% | #919 |
| Illinois | 8 | 8 | 0.0% | 6.81% | #721 |
Frequently asked questions
Instamortgage denied 2.6% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 86th percentile of small mortgage lenders.
The most common reason Instamortgage gave in 2025 was "debt-to-income ratio", cited on 42.9% 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 Instamortgage originated in 2025 was 6.38%, and its median rate spread over the average prime offer rate was 0.08 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 76% of its applications were for home purchases, 24% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 71% conventional, 20% FHA, 9% 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.