Lrs Financial Network 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 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
90th1.9% deniedPricingmedian rate spread over APOR, weight 30%
66th0.15 ptsProcesswithdrawn + incomplete share, weight 15%
44th13.0%Closing coststotal loan costs ÷ loan amount, weight 10%
56th1.77% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 308 | 251 | 4.2% | 4.9% | 6.75% | $92M |
| 2024 | 298 | 239 | 4.4% | 5.2% | 6.63% | $93M |
| 2025 | 247 | 211 | 1.6% | 1.9% | 6.63% | $86M |
What Lrs Financial Network 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: 0 home-equity lines, 0 reverse mortgages, 1 manufactured homes, 22 investment properties.
Why Lrs Financial Network denies applications
Primary reason reported for each of the 4 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Lrs Financial Network
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 40 | 35 | 0.0% |
| $100k – $150k | 54 | 45 | 2.2% |
| $150k – $250k | 71 | 59 | 1.7% |
| Over $250k | 80 | 70 | 2.8% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 67 | 58 | 0.0% |
| 35–44 | 82 | 66 | 4.4% |
| 45–54 | 37 | 34 | 0.0% |
| 55–64 | 23 | 22 | 0.0% |
Where Lrs Financial Network lends
2 states and 28 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Texas | 245 | 209 | 1.6% | 6.63% | #378 |
Frequently asked questions
Lrs Financial Network denied 1.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 90th percentile of small mortgage lenders.
The most common reason Lrs Financial Network gave in 2025 was "collateral", cited on 50.0% 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 Lrs Financial Network originated in 2025 was 6.63%, and its median rate spread over the average prime offer rate was 0.15 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 94% of its applications were for home purchases, 6% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 83% conventional, 13% FHA, 4% 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.