Members Choice at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the F 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%
7th31.9% deniedPricingmedian rate spread over APOR, weight 30%
13th0.97 ptsProcesswithdrawn + incomplete share, weight 15%
4th31.7%Closing coststotal loan costs ÷ loan amount, weight 10%
11th3.59% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 313 | 174 | 15.3% | 21.3% | 6.00% | $31M |
| 2024 | 290 | 155 | 15.5% | 22.2% | 6.99% | $31M |
| 2025 | 344 | 155 | 21.8% | 31.9% | 6.99% | $31M |
What Members Choice 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, 0 manufactured homes, 23 investment properties.
Why Members Choice denies applications
Primary reason reported for each of the 75 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Members Choice
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 37 | 8 | 68.0% |
| $50k – $100k | 99 | 34 | 47.8% |
| $100k – $150k | 83 | 43 | 19.3% |
| $150k – $250k | 84 | 52 | 14.8% |
| Over $250k | 29 | 18 | 10.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 43 | 10 | 33.3% |
| 35–44 | 90 | 41 | 26.3% |
| 45–54 | 89 | 45 | 37.0% |
| 55–64 | 69 | 31 | 36.7% |
| 65–74 | 32 | 17 | 21.7% |
Where Members Choice lends
4 states and 33 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Texas | 314 | 155 | 23.6% | 6.99% | #329 |
Frequently asked questions
Members Choice denied 31.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 7th percentile of small mortgage lenders.
The most common reason Members Choice gave in 2025 was "other", cited on 45.3% 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 Members Choice originated in 2025 was 6.99%, and its median rate spread over the average prime offer rate was 0.97 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 34% of its applications were for home purchases, 65% for refinancing (including cash-out), and 1% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% 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.