Meriwest 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 412 home-equity (HELOC) lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
41st27.9% deniedPricingmedian rate spread over APOR, weight 30%
83rd-0.79 ptsProcesswithdrawn + incomplete share, weight 15%
87th5.5%Closing coststotal loan costs ÷ loan amount, weight 10%
81st1.86% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 411 | 250 | 36.3% | 37.3% | 8.00% | $47M |
| 2024 | 450 | 275 | 34.7% | 36.2% | 7.70% | $62M |
| 2025 | 751 | 511 | 26.4% | 27.9% | 6.39% | $185M |
What Meriwest 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: 528 home-equity lines, 0 reverse mortgages, 1 manufactured homes, 81 investment properties.
Why Meriwest denies applications
Primary reason reported for each of the 198 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Meriwest
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 36 | 5 | 84.4% |
| $50k – $100k | 135 | 83 | 34.7% |
| $100k – $150k | 124 | 87 | 26.3% |
| $150k – $250k | 232 | 166 | 25.2% |
| Over $250k | 220 | 169 | 17.9% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 47 | 34 | 20.5% |
| 35–44 | 146 | 101 | 26.3% |
| 45–54 | 188 | 127 | 28.7% |
| 55–64 | 179 | 119 | 30.4% |
| 65–74 | 111 | 72 | 31.4% |
| Over 74 | 79 | 58 | 21.6% |
Where Meriwest lends
6 states and 46 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| California | 727 | 497 | 26.3% | 6.39% | #202 |
| Arizona | 14 | 9 | 21.4% | 6.80% | #465 |
Frequently asked questions
Meriwest denied 27.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 41st percentile of home-equity (HELOC) lenders.
The most common reason Meriwest gave in 2025 was "debt-to-income ratio", cited on 68.2% 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 Meriwest originated in 2025 was 6.39%, and its median rate spread over the average prime offer rate was -0.79 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 15% of its applications were for home purchases, 11% for refinancing (including cash-out), and 74% 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.