Lbs Financial at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
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%
21st19.2% deniedPricingmedian rate spread over APOR, weight 30%
94th-0.31 ptsProcesswithdrawn + incomplete share, weight 15%
28th17.0%Closing coststotal loan costs ÷ loan amount, weight 10%
71st1.36% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 314 | 193 | 21.7% | 26.1% | 6.50% | $28M |
| 2024 | 323 | 219 | 19.8% | 22.6% | 6.63% | $37M |
| 2025 | 377 | 252 | 15.9% | 19.2% | 6.13% | $89M |
What Lbs Financial 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: 100 home-equity lines, 0 reverse mortgages, 1 manufactured homes, 1 investment properties.
Why Lbs Financial denies applications
Primary reason reported for each of the 60 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Lbs Financial
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 67 | 37 | 37.3% |
| $100k – $150k | 108 | 76 | 15.6% |
| $150k – $250k | 129 | 96 | 7.6% |
| Over $250k | 55 | 38 | 13.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 49 | 33 | 8.3% |
| 35–44 | 81 | 61 | 10.3% |
| 45–54 | 84 | 60 | 20.0% |
| 55–64 | 94 | 55 | 26.3% |
| 65–74 | 45 | 28 | 20.0% |
| Over 74 | 23 | 14 | 36.4% |
Where Lbs Financial lends
1 states and 15 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| California | 377 | 252 | 15.9% | 6.13% | #292 |
Frequently asked questions
Lbs Financial denied 19.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 21st percentile of small mortgage lenders.
The most common reason Lbs Financial gave in 2025 was "debt-to-income ratio", cited on 50.0% 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 Lbs Financial originated in 2025 was 6.13%, and its median rate spread over the average prime offer rate was -0.31 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 29% of its applications were for home purchases, 23% for refinancing (including cash-out), and 48% 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.