Mission 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%
75th17.1% deniedPricingmedian rate spread over APOR, weight 30%
71st-0.25 ptsProcesswithdrawn + incomplete share, weight 15%
18th19.1%Closing coststotal loan costs ÷ loan amount, weight 10%
60th2.78% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 2,097 | 1,269 | 18.3% | 21.6% | 7.99% | $345M |
| 2024 | 2,663 | 1,611 | 16.1% | 19.4% | 7.99% | $558M |
| 2025 | 3,125 | 1,950 | 13.8% | 17.1% | 6.99% | $850M |
What Mission 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: 1,916 home-equity lines, 0 reverse mortgages, 5 manufactured homes, 52 investment properties.
Why Mission denies applications
Primary reason reported for each of the 432 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Mission
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 159 | 41 | 58.3% |
| $50k – $100k | 509 | 263 | 29.8% |
| $100k – $150k | 666 | 414 | 17.6% |
| $150k – $250k | 946 | 655 | 10.3% |
| Over $250k | 780 | 533 | 10.2% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 329 | 225 | 9.8% |
| 35–44 | 793 | 501 | 11.9% |
| 45–54 | 649 | 383 | 22.0% |
| 55–64 | 632 | 373 | 21.7% |
| 65–74 | 449 | 287 | 21.0% |
| Over 74 | 220 | 136 | 14.8% |
Where Mission lends
2 states and 8 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| California | 3,124 | 1,950 | 13.8% | 6.99% | #64 |
Frequently asked questions
Mission denied 17.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 75th percentile of home-equity (HELOC) lenders.
The most common reason Mission gave in 2025 was "debt-to-income ratio", cited on 44.9% 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 Mission originated in 2025 was 6.99%, and its median rate spread over the average prime offer rate was -0.25 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 21% of its applications were for home purchases, 13% for refinancing (including cash-out), and 67% 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.