Kwik Mortgage 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%
77th4.3% deniedPricingmedian rate spread over APOR, weight 30%
88th-0.11 ptsProcesswithdrawn + incomplete share, weight 15%
9th26.6%Closing coststotal loan costs ÷ loan amount, weight 10%
90th0.78% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,162 | 653 | 3.3% | 5.5% | 6.50% | $266M |
| 2024 | 1,075 | 651 | 3.7% | 5.8% | 6.63% | $310M |
| 2025 | 1,052 | 734 | 3.1% | 4.3% | 6.38% | $351M |
What Kwik 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, 0 manufactured homes, 271 investment properties.
Why Kwik Mortgage denies applications
Primary reason reported for each of the 33 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Kwik Mortgage
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 106 | 67 | 11.8% |
| $100k – $150k | 211 | 140 | 5.4% |
| $150k – $250k | 370 | 261 | 3.0% |
| Over $250k | 345 | 256 | 1.9% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 201 | 131 | 7.0% |
| 35–44 | 459 | 321 | 2.4% |
| 45–54 | 274 | 200 | 6.1% |
| 55–64 | 76 | 52 | 1.9% |
| 65–74 | 23 | 13 | 7.1% |
Where Kwik Mortgage lends
20 states and 236 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| New Jersey | 463 | 315 | 3.5% | 6.38% | #127 |
| Texas | 124 | 84 | 2.4% | 6.50% | #508 |
| North Carolina | 98 | 80 | 0.0% | 6.38% | #325 |
| California | 54 | 40 | 5.6% | 6.31% | #515 |
| Pennsylvania | 52 | 40 | 5.8% | 6.13% | #488 |
| Florida | 46 | 32 | 2.2% | 6.38% | #616 |
| Georgia | 44 | 29 | 2.3% | 6.38% | #449 |
| Maryland | 29 | 21 | 3.5% | 6.13% | #372 |
| Tennessee | 26 | 14 | 3.9% | 6.49% | #503 |
| South Carolina | 24 | 17 | 8.3% | 6.50% | #424 |
| Virginia | 24 | 20 | 0.0% | 6.63% | #474 |
| Washington | 23 | 11 | 0.0% | 6.50% | #370 |
| New York | 19 | 10 | 10.5% | 6.31% | #414 |
| Massachusetts | 9 | 7 | 0.0% | 6.38% | #465 |
| Indiana | 7 | 6 | 0.0% | 6.81% | #610 |
Frequently asked questions
Kwik Mortgage denied 4.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 77th percentile of small mortgage lenders.
The most common reason Kwik Mortgage gave in 2025 was "collateral", cited on 36.4% 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 Kwik Mortgage originated in 2025 was 6.38%, and its median rate spread over the average prime offer rate was -0.11 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 60% of its applications were for home purchases, 40% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 98% conventional, 2% 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.