Library of Congress at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B grade breaks down
Each component is a percentile rank among 412 home-equity (HELOC) lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
62nd20.4% deniedProcesswithdrawn + incomplete share, weight 15%
81st6.8%Closing coststotal loan costs ÷ loan amount, weight 10%
6th6.39% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 121 | 94 | 11.6% | 11.7% | 3.00% | $14M |
| 2024 | 144 | 108 | 12.5% | 13.0% | 3.50% | $13M |
| 2025 | 147 | 87 | 19.1% | 20.4% | 3.50% | $13M |
What Library of Congress 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: 104 home-equity lines, 0 reverse mortgages, 147 manufactured homes, 0 investment properties.
Why Library of Congress denies applications
Primary reason reported for each of the 28 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Library of Congress
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 33 | 18 | 25.0% |
| $100k – $150k | 38 | 20 | 30.3% |
| $150k – $250k | 45 | 29 | 18.2% |
| Over $250k | 26 | 19 | 7.7% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 35–44 | 31 | 15 | 30.0% |
| 45–54 | 35 | 23 | 23.5% |
| 55–64 | 37 | 22 | 14.7% |
Where Library of Congress lends
9 states and 30 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Maryland | 65 | 47 | 0.0% | 3.50% | #287 |
| Virginia | 22 | 19 | 0.0% | 3.50% | #480 |
| District of Columbia | 19 | 16 | 0.0% | 3.50% | #129 |
Frequently asked questions
Library of Congress denied 20.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 62nd percentile of home-equity (HELOC) lenders.
The most common reason Library of Congress gave in 2025 was "credit history", cited on 39.3% 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 Library of Congress originated in 2025 was 3.50%, and its median rate spread over the average prime offer rate was 0.00 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 7% of its applications were for home purchases, 5% for refinancing (including cash-out), and 87% 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.