Mortgage lender · Melville, NY · LEI 5493003X6Y6JGJKHPA25

Interstate Home Loan Center review: approval odds, rates and grade (2025)

Interstate Home Loan Center earns a C, in line with the typical performance of small mortgage lenders. It turned down 5.2% of the applications it decided on in 2025, which ranks in the 72nd percentile for approval odds. Its median loan was priced 0.51 points above the average prime offer rate, ranking in the 28th percentile on pricing. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

1.2kApplications2025
67.0%Originatedof applications
5.2%Decision denial ratenational 22.6%
6.75%Median ratenational 6.63%
$427MLoan volume24 states

Interstate Home Loan Center at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

3.7%Denial rate (all applications)-14.28 pts vs national
5.2%Denial rate (decided applications)-17.37 pts vs national
67.0%Origination rate+8.98 pts vs national
14.9%Withdrawn by applicant
14.2%Closed for incompleteness
6.75%Median interest rate+0.13 pts vs national
0.51Median rate spread (pts over APOR)+0.25 pts vs national
$525,000Median loan amount
$15,905Median total loan costs
$140kMedian applicant income
80%Median loan-to-value
0High-cost (HOEPA) loans

How the C 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%

72nd5.2% denied

Pricingmedian rate spread over APOR, weight 30%

28th0.51 pts

Processwithdrawn + incomplete share, weight 15%

6th29.1%

Closing coststotal loan costs ÷ loan amount, weight 10%

18th3.03% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20233832206.5%9.9%6.88%$93M
20244202943.3%4.5%6.88%$151M
20251,1617783.7%5.2%6.75%$427M

What Interstate Home Loan Center 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

Home purchase 859 74% · 4.3% denied
Refinance 81 7% · 0.0% denied
Cash-out refinance 221 19% · 2.7% denied

By loan type

Conventional 964 83% · 3.3% denied
FHA 181 16% · 5.5% denied
VA 16 1% · 6.3% denied

Also: 1 home-equity lines, 0 reverse mortgages, 4 manufactured homes, 295 investment properties.

Why Interstate Home Loan Center denies applications

Primary reason reported for each of the 43 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Debt-to-income ratio 18 42%
Collateral 11 26%
Credit history 8 19%
Employment history 2 5%
Insufficient cash 2 5%
Unverifiable information 1 2%
Other 1 2%

How these reasons compare nationally →

Who gets approved at Interstate Home Loan Center

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k1751011.9%
$50k – $100k1549513.6%
$100k – $150k2952125.3%
$150k – $250k3502534.2%
Over $250k141952.1%
Applicant ageApplicationsOriginatedDecision denial rate
Under 2522150.0%
25–343022214.3%
35–443582335.7%
45–542441675.1%
55–64156965.8%
65–7455306.3%
Over 74241611.1%

Where Interstate Home Loan Center lends

24 states and 139 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
New York8756093.1%6.75%#102
Florida73419.6%7.00%#542
Connecticut50326.0%6.75%#219
New Jersey47254.3%6.88%#370
Pennsylvania25164.0%7.50%#573
California23160.0%7.00%#623
South Carolina1150.0%6.75%#521
North Carolina880.0%7.18%#665
Tennessee7414.3%6.93%#692
Texas6316.7%6.99%#1,059
Maryland530.0%6.88%#534

Frequently asked questions

Interstate Home Loan Center denied 5.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 72nd percentile of small mortgage lenders.

The most common reason Interstate Home Loan Center gave in 2025 was "debt-to-income ratio", cited on 41.9% 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 Interstate Home Loan Center originated in 2025 was 6.75%, and its median rate spread over the average prime offer rate was 0.51 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 74% of its applications were for home purchases, 26% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 83% conventional, 16% 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.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with Interstate Home Loan Center. Data sources · Methodology