Mortgage lender · Dover, DE · LEI 549300XECJ0294F1ZG19

Mattamy Home Funding review: approval odds, rates and grade (2025)

Mattamy Home Funding earns an A, placing it in the top fifth of mid-size mortgage lenders. It turned down 10.5% of the applications it decided on in 2025, which ranks in the 48th percentile for approval odds. Its median loan was priced 0.89 points below the average prime offer rate, ranking in the 99th percentile on pricing. Compared against 581 mid-size mortgage lenders using 2025 HMDA filings.

3.2kApplications2025
82.8%Originatedof applications
10.5%Decision denial ratenational 22.6%
5.50%Median ratenational 6.63%
$1.1BLoan volume5 states

Mattamy Home Funding at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

9.7%Denial rate (all applications)-8.26 pts vs national
10.5%Denial rate (decided applications)-12.08 pts vs national
82.8%Origination rate+24.75 pts vs national
6.5%Withdrawn by applicant
1.0%Closed for incompleteness
5.50%Median interest rate-1.13 pts vs national
-0.89Median rate spread (pts over APOR)-1.15 pts vs national
$405,000Median loan amount
$5,202Median total loan costs
$130kMedian applicant income
88%Median loan-to-value
0High-cost (HOEPA) loans

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%

48th10.5% denied

Pricingmedian rate spread over APOR, weight 30%

99th-0.89 pts

Processwithdrawn + incomplete share, weight 15%

89th7.5%

Closing coststotal loan costs ÷ loan amount, weight 10%

86th1.28% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20233,5642,6666.0%7.4%5.99%$1.1B
20242,9562,4327.7%8.6%5.99%$1.0B
20253,1992,6489.7%10.5%5.50%$1.1B

What Mattamy Home Funding 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

Home purchase 3,193 100% · 9.7% denied
Refinance 3 0% · 33.3% denied
Cash-out refinance 3 0% · 0.0% denied

By loan type

Conventional 1,937 61% · 8.9% denied
FHA 864 27% · 12.3% denied
VA 396 12% · 8.3% denied
USDA / RHS 2 0% · 0.0% denied

Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 96 investment properties.

Why Mattamy Home Funding denies applications

Primary reason reported for each of the 311 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Debt-to-income ratio 168 54%
Other 47 15%
Credit history 31 10%
Employment history 25 8%
Insufficient cash 17 5%
Unverifiable information 16 5%
Incomplete application 7 2%

How these reasons compare nationally →

Who gets approved at Mattamy Home Funding

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k1006631.3%
$50k – $100k82566014.4%
$100k – $150k1,0448947.3%
$150k – $250k8797586.0%
Over $250k2922457.2%
Applicant ageApplicationsOriginatedDecision denial rate
Under 251109313.9%
25–348957698.3%
35–4487471711.8%
45–5454042514.0%
55–6450941710.1%
65–742101745.4%
Over 7461537.0%

Where Mattamy Home Funding lends

5 states and 35 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Florida1,5191,20712.3%5.50%#110
Arizona6825727.2%5.38%#93
North Carolina6585766.8%5.50%#117
Texas3132679.3%5.63%#332
South Carolina27263.7%5.43%#414

Frequently asked questions

Mattamy Home Funding denied 10.5% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 48th percentile of mid-size mortgage lenders.

The most common reason Mattamy Home Funding gave in 2025 was "debt-to-income ratio", cited on 54.0% 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 Mattamy Home Funding originated in 2025 was 5.50%, and its median rate spread over the average prime offer rate was -0.89 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 100% of its applications were for home purchases, 0% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 61% conventional, 27% FHA, 12% 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.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with Mattamy Home Funding. Data sources · Methodology