Lennar Mortgage · Arizona · 2025

Lennar Mortgage in Arizona: approval rate, denial rate and rates (2025)

Lennar Mortgage took 3,184 mortgage applications in Arizona in 2025, ranking #24 of 1,082 lenders active in the state. It originated 82.4% of them and denied 10.9% (11.7% of the applications it decided), against a statewide denial rate of 16.2%.

3.2kApplicationsin AZ
11.7%Decision denial ratestate 20.4%
4.25%Median ratestate 6.50%
$405,000Median loanstate $275,000
$1.1BVolume4 counties

Lennar Mortgage in Arizona vs the state

10.9%Denial rate-5.33 pts vs state
11.7%Decision denial rate-8.75 pts vs state
82.4%Origination rate+22.90 pts vs state
4.25%Median rate-2.25 pts vs state
-2.01Rate spread (pts)-2.23 pts vs state
$104kMedian applicant income
2,623Loans originated
347Denied

Trend in Arizona

YearApplicationsOriginatedDenial rateMedian rateRank in state
20233,2672,5519.1%5.13%#17
20243,2242,6489.3%4.99%#23
20253,1842,62310.9%4.25%#24

What Lennar Mortgage lends in Arizona

By loan purpose

Home purchase 3,181 100% · 10.9% denied
Refinance 1 0% · 0.0% denied
Cash-out refinance 2 0% · 0.0% denied

By loan type

Conventional 1,405 44% · 9.2% denied
FHA 1,290 41% · 13.0% denied
VA 473 15% · 9.9% denied
USDA / RHS 16 1% · 25.0% denied

Why it denied Arizona applicants

Debt-to-income ratio 221 64%
Unverifiable information 47 14%
Credit history 36 10%
Insufficient cash 19 5%
Incomplete application 10 3%
Employment history 9 3%
Other 5 1%

Where in Arizona

Counties with the most Lennar Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Maricopa County 1,8071,479214 11.8%
Pinal County 78564772 9.2%
Pima County 59149661 10.3%
Gila County 110 0.0%

Other large lenders in Arizona

LenderGradeApplicationsDenial rateMedian rate
United Shore Financial ServicesB 25,38310.2%6.25%
Rocket MortgageC 17,94715.6%6.75%
Desert Financial Credit UnionB 16,97024.3%6.49%
Crosscountry MortgageB 7,5703.8%6.58%
Fairway Independent MortgageB 6,7295.6%6.63%
Bank of AmericaF 6,22932.2%6.24%
Loandepot.ComD 6,18016.1%5.99%
Pennymac Loan ServicesC 5,83811.7%6.62%
Nova Financial & InvestmentC 5,38016.2%6.49%
Freedom MortgageB 4,9917.0%6.00%

Frequently asked questions

Arizona: 3,184 applications in 2025, of which 2,623 were originated and 347 denied.

10.9% of all applications, or 11.7% of the applications it actually decided on. The Arizona statewide average across all lenders was 16.2%.

The median rate on loans Lennar Mortgage originated in Arizona in 2025 was 4.25%, against a statewide median of 6.50%.

About this data. Figures are Lennar Mortgage's own HMDA filing for properties located in Arizona, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology