Merchants Mortgage & Trust Corporation at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B grade breaks down
Each component is a percentile rank among 220 investment-property lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
67th2.1% deniedProcesswithdrawn + incomplete share, weight 15%
24th12.0%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,206 | 1,094 | 0.2% | 0.2% | 10.50% | $583M |
| 2024 | 1,488 | 1,306 | 0.0% | 0.0% | 10.25% | $732M |
| 2025 | 2,300 | 1,982 | 1.8% | 2.1% | 10.00% | $1.2B |
What Merchants Mortgage & Trust Corporation 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, 2,280 investment properties.
Why Merchants Mortgage & Trust Corporation denies applications
Primary reason reported for each of the 42 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Merchants Mortgage & Trust Corporation
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 39 | 35 | 2.8% |
| 25–34 | 343 | 304 | 1.3% |
| 35–44 | 620 | 521 | 2.1% |
| 45–54 | 451 | 390 | 2.5% |
| 55–64 | 195 | 160 | 3.0% |
| 65–74 | 37 | 31 | 8.8% |
Where Merchants Mortgage & Trust Corporation lends
36 states and 250 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| California | 970 | 834 | 2.6% | 9.75% | #176 |
| Colorado | 317 | 280 | 0.0% | 10.00% | #141 |
| Arizona | 261 | 232 | 0.0% | 10.00% | #156 |
| Washington | 150 | 132 | 1.3% | 10.25% | #215 |
| Oregon | 117 | 108 | 0.0% | 10.25% | #157 |
| Florida | 89 | 71 | 2.3% | 10.25% | #504 |
| Texas | 64 | 50 | 4.7% | 9.95% | #658 |
| Missouri | 38 | 35 | 2.6% | 10.50% | #374 |
| Illinois | 37 | 22 | 10.8% | 10.88% | #504 |
| Michigan | 30 | 27 | 0.0% | 10.00% | #387 |
| Virginia | 28 | 28 | 0.0% | 9.88% | #450 |
| New Jersey | 20 | 13 | 10.0% | 10.50% | #448 |
| North Carolina | 19 | 18 | 0.0% | 10.38% | #535 |
| Georgia | 18 | 15 | 0.0% | 10.50% | #582 |
| Massachusetts | 16 | 14 | 0.0% | 10.25% | #432 |
| Pennsylvania | 16 | 14 | 0.0% | 10.50% | #631 |
| Alabama | 15 | 13 | 0.0% | 10.00% | #420 |
| New York | 15 | 13 | 6.7% | 10.00% | #435 |
| Ohio | 15 | 14 | 0.0% | 10.75% | #568 |
| Kansas | 10 | 10 | 0.0% | 10.00% | #352 |
| South Carolina | 9 | 9 | 0.0% | 10.75% | #555 |
| Oklahoma | 7 | 5 | 0.0% | 10.50% | #451 |
| Tennessee | 7 | 6 | 0.0% | 11.13% | #690 |
| Louisiana | 6 | 5 | 0.0% | 11.00% | #417 |
Frequently asked questions
Merchants Mortgage & Trust Corporation denied 2.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 67th percentile of investment-property lenders.
The most common reason Merchants Mortgage & Trust Corporation gave in 2025 was "collateral", cited on 100.0% 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 Merchants Mortgage & Trust Corporation originated in 2025 was 10.00%, and its median rate spread over the average prime offer rate was 0.00 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 89% of its applications were for home purchases, 3% for refinancing (including cash-out), and 8% 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.