Loanpeople 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 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
79th4.2% deniedPricingmedian rate spread over APOR, weight 30%
55th0.23 ptsProcesswithdrawn + incomplete share, weight 15%
15th27.2%Closing coststotal loan costs ÷ loan amount, weight 10%
31st2.76% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,606 | 1,101 | 2.3% | 3.2% | 6.63% | $432M |
| 2024 | 2,393 | 1,690 | 3.3% | 4.4% | 6.63% | $623M |
| 2025 | 2,651 | 1,847 | 3.1% | 4.2% | 6.62% | $708M |
What Loanpeople 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: 2 home-equity lines, 0 reverse mortgages, 27 manufactured homes, 265 investment properties.
Why Loanpeople denies applications
Primary reason reported for each of the 81 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Loanpeople
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 96 | 50 | 21.9% |
| $50k – $100k | 683 | 488 | 5.6% |
| $100k – $150k | 684 | 489 | 2.8% |
| $150k – $250k | 607 | 431 | 2.1% |
| Over $250k | 492 | 322 | 3.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 93 | 66 | 7.0% |
| 25–34 | 812 | 575 | 3.4% |
| 35–44 | 795 | 541 | 3.6% |
| 45–54 | 487 | 337 | 5.1% |
| 55–64 | 271 | 185 | 6.1% |
| 65–74 | 156 | 119 | 2.5% |
| Over 74 | 37 | 24 | 11.1% |
Where Loanpeople lends
16 states and 153 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
Loanpeople denied 4.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 79th percentile of mid-size mortgage lenders.
The most common reason Loanpeople gave in 2025 was "debt-to-income ratio", cited on 33.3% 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 Loanpeople originated in 2025 was 6.62%, and its median rate spread over the average prime offer rate was 0.23 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 88% of its applications were for home purchases, 12% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 69% conventional, 21% FHA, 10% 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.