Lower in Arizona vs the state
9.9%Denial rate-6.33 pts vs state
14.7%Decision denial rate-5.70 pts vs state
56.6%Origination rate-2.91 pts vs state
6.38%Median rate-0.13 pts vs state
0.23Rate spread (pts)+0.01 pts vs state
$120kMedian applicant income
280Loans originated
49Denied
Trend in Arizona
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 176 | 94 | 12.5% | 6.63% | #167 |
| 2024 | 469 | 276 | 12.4% | 6.63% | #105 |
| 2025 | 495 | 280 | 9.9% | 6.38% | #112 |
What Lower lends in Arizona
By loan purpose
By loan type
Why it denied Arizona applicants
Where in Arizona
Counties with the most Lower applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Maricopa County | 346 | 200 | 31 | 9.0% |
| Pinal County | 62 | 36 | 7 | 11.3% |
| Pima County | 36 | 19 | 6 | 16.7% |
| Yavapai County | 16 | 7 | 1 | 6.3% |
| Mohave County | 10 | 6 | 1 | 10.0% |
| Yuma County | 8 | 4 | 0 | 0.0% |
| Navajo County | 6 | 4 | 1 | 16.7% |
| Graham County | 4 | 3 | 0 | 0.0% |
| Cochise County | 3 | 0 | 1 | 33.3% |
| Coconino County | 2 | 1 | 1 | 50.0% |
Other large lenders in Arizona
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 25,383 | 10.2% | 6.25% |
| Rocket Mortgage | C | 17,947 | 15.6% | 6.75% |
| Desert Financial Credit Union | B | 16,970 | 24.3% | 6.49% |
| Crosscountry Mortgage | B | 7,570 | 3.8% | 6.58% |
| Fairway Independent Mortgage | B | 6,729 | 5.6% | 6.63% |
| Bank of America | F | 6,229 | 32.2% | 6.24% |
| Loandepot.Com | D | 6,180 | 16.1% | 5.99% |
| Pennymac Loan Services | C | 5,838 | 11.7% | 6.62% |
| Nova Financial & Investment | C | 5,380 | 16.2% | 6.49% |
| Freedom Mortgage | B | 4,991 | 7.0% | 6.00% |
Frequently asked questions
Arizona: 495 applications in 2025, of which 280 were originated and 49 denied.
9.9% of all applications, or 14.7% of the applications it actually decided on. The Arizona statewide average across all lenders was 16.2%.
The median rate on loans Lower originated in Arizona in 2025 was 6.38%, against a statewide median of 6.50%.
About this data. Figures are Lower'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