Loansteady 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 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%
82nd3.8% deniedPricingmedian rate spread over APOR, weight 30%
71st0.14 ptsProcesswithdrawn + incomplete share, weight 15%
31st20.7%Closing coststotal loan costs ÷ loan amount, weight 10%
69th1.87% of loanTrend, 2024–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2024 | 831 | 615 | 1.8% | 2.3% | 6.50% | $226M |
| 2025 | 1,838 | 1,256 | 3.1% | 3.8% | 6.49% | $492M |
What Loansteady 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: 1 home-equity lines, 0 reverse mortgages, 57 manufactured homes, 146 investment properties.
Why Loansteady denies applications
Primary reason reported for each of the 56 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Loansteady
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 104 | 63 | 8.8% |
| $50k – $100k | 543 | 387 | 3.0% |
| $100k – $150k | 447 | 306 | 3.9% |
| $150k – $250k | 393 | 271 | 2.3% |
| Over $250k | 288 | 198 | 0.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 117 | 95 | 1.9% |
| 25–34 | 573 | 403 | 2.6% |
| 35–44 | 487 | 325 | 3.9% |
| 45–54 | 295 | 192 | 6.1% |
| 55–64 | 220 | 151 | 4.7% |
| 65–74 | 108 | 73 | 3.7% |
| Over 74 | 38 | 17 | 8.0% |
Where Loansteady lends
29 states and 354 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| North Carolina | 428 | 334 | 1.2% | 6.49% | #152 |
| Louisiana | 363 | 256 | 2.2% | 6.50% | #75 |
| Mississippi | 172 | 126 | 2.3% | 6.63% | #95 |
| Virginia | 156 | 100 | 0.6% | 6.49% | #235 |
| Georgia | 131 | 80 | 3.8% | 6.56% | #298 |
| District of Columbia | 126 | 91 | 4.8% | 6.38% | #38 |
| Maryland | 97 | 74 | 2.1% | 6.50% | #233 |
| Florida | 80 | 47 | 3.8% | 6.13% | #522 |
| Illinois | 44 | 28 | 6.8% | 6.31% | #477 |
| Pennsylvania | 36 | 15 | 8.3% | 6.13% | #529 |
| Texas | 32 | 15 | 15.6% | 5.99% | #789 |
| Ohio | 27 | 12 | 7.4% | 6.06% | #486 |
| Tennessee | 26 | 15 | 3.9% | 6.13% | #505 |
| Indiana | 21 | 12 | 0.0% | 6.13% | #448 |
| California | 20 | 11 | 15.0% | 6.38% | #638 |
| South Carolina | 18 | 11 | 11.1% | 6.75% | #466 |
| Michigan | 13 | 4 | 7.7% | 6.56% | #485 |
| Arizona | 11 | 4 | 18.2% | 6.44% | #488 |
| Colorado | 8 | 3 | 0.0% | 6.49% | #552 |
| Massachusetts | 5 | 4 | 0.0% | 5.50% | #514 |
Frequently asked questions
Loansteady denied 3.8% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 82nd percentile of mid-size mortgage lenders.
The most common reason Loansteady gave in 2025 was "debt-to-income ratio", cited on 35.7% 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 Loansteady originated in 2025 was 6.49%, and its median rate spread over the average prime offer rate was 0.14 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 86% of its applications were for home purchases, 14% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 65% conventional, 18% FHA, 14% 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.