Morgan Stanley Private Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A grade breaks down
Each component is a percentile rank among 101 large mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
93rd4.9% deniedPricingmedian rate spread over APOR, weight 30%
92nd-0.19 ptsProcesswithdrawn + incomplete share, weight 15%
66th16.2%Closing coststotal loan costs ÷ loan amount, weight 10%
99th0.66% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 13,393 | 10,346 | 4.4% | 5.1% | 5.80% | $10B |
| 2024 | 13,901 | 10,709 | 3.9% | 4.4% | 6.05% | $11B |
| 2025 | 14,182 | 10,740 | 4.1% | 4.9% | 5.90% | $12B |
What Morgan Stanley Private Bank 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: 628 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 630 investment properties.
Why Morgan Stanley Private Bank denies applications
Primary reason reported for each of the 580 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Morgan Stanley Private Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 62 | 9 | 71.9% |
| $50k – $100k | 437 | 256 | 14.9% |
| $100k – $150k | 976 | 667 | 8.4% |
| $150k – $250k | 2,493 | 1,898 | 4.7% |
| Over $250k | 8,880 | 6,882 | 3.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 144 | 102 | 6.9% |
| 25–34 | 2,700 | 2,195 | 2.2% |
| 35–44 | 3,333 | 2,599 | 3.9% |
| 45–54 | 2,516 | 1,887 | 5.9% |
| 55–64 | 2,793 | 2,102 | 5.9% |
| 65–74 | 1,891 | 1,348 | 5.1% |
| Over 74 | 630 | 406 | 7.5% |
Where Morgan Stanley Private Bank lends
51 states and 972 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| California | 2,649 | 1,957 | 5.2% | 5.80% | #74 |
| Florida | 1,430 | 990 | 5.9% | 5.93% | #115 |
| New York | 1,283 | 947 | 4.7% | 5.80% | #67 |
| Texas | 777 | 573 | 4.9% | 5.90% | #194 |
| New Jersey | 727 | 548 | 2.9% | 5.90% | #90 |
| Massachusetts | 556 | 449 | 2.2% | 5.83% | #76 |
| Colorado | 536 | 427 | 1.9% | 5.85% | #101 |
| Illinois | 463 | 381 | 1.5% | 6.05% | #138 |
| Washington | 428 | 350 | 2.8% | 5.85% | #115 |
| Georgia | 421 | 322 | 4.8% | 5.90% | #167 |
| North Carolina | 379 | 301 | 3.4% | 5.95% | #164 |
| Virginia | 320 | 267 | 2.2% | 5.95% | #154 |
| Arizona | 319 | 256 | 2.2% | 6.00% | #143 |
| Connecticut | 302 | 224 | 3.6% | 5.80% | #78 |
| Pennsylvania | 294 | 229 | 3.1% | 6.00% | #225 |
| Maryland | 251 | 194 | 2.4% | 5.95% | #140 |
| Tennessee | 247 | 185 | 3.6% | 5.95% | #184 |
| South Carolina | 235 | 171 | 3.4% | 5.95% | #169 |
| Michigan | 234 | 173 | 4.7% | 6.05% | #192 |
| Utah | 177 | 138 | 5.1% | 5.84% | #107 |
| Oregon | 162 | 122 | 3.1% | 5.98% | #137 |
| Minnesota | 160 | 119 | 5.0% | 6.00% | #157 |
| Ohio | 158 | 122 | 2.5% | 6.00% | #268 |
| Wisconsin | 152 | 119 | 5.3% | 6.08% | #198 |
| Nevada | 147 | 107 | 2.7% | 5.85% | #121 |
| Alabama | 120 | 95 | 3.3% | 6.00% | #204 |
| Idaho | 97 | 73 | 5.2% | 5.95% | #118 |
| Indiana | 95 | 76 | 6.3% | 6.05% | #279 |
| Missouri | 85 | 66 | 3.5% | 6.15% | #288 |
| Louisiana | 82 | 57 | 6.1% | 6.05% | #197 |
| Maine | 77 | 63 | 0.0% | 5.93% | #106 |
| Hawaii | 75 | 52 | 6.7% | 5.88% | #70 |
| New Hampshire | 71 | 53 | 4.2% | 5.85% | #100 |
| District of Columbia | 68 | 58 | 4.4% | 5.75% | #60 |
| Kansas | 67 | 53 | 1.5% | 6.00% | #200 |
| Kentucky | 57 | 47 | 3.5% | 5.95% | #253 |
| Rhode Island | 57 | 45 | 5.3% | 5.93% | #91 |
| Vermont | 57 | 48 | 1.8% | 5.83% | #55 |
| Delaware | 56 | 46 | 3.6% | 6.05% | #110 |
| Montana | 50 | 39 | 12.0% | 5.95% | #100 |
| New Mexico | 50 | 36 | 2.0% | 6.05% | #152 |
| Oklahoma | 38 | 28 | 2.6% | 6.13% | #281 |
| Nebraska | 33 | 23 | 9.1% | 6.20% | #164 |
| Mississippi | 30 | 24 | 0.0% | 6.08% | #204 |
| Wyoming | 28 | 20 | 10.7% | 5.65% | #90 |
| Arkansas | 23 | 18 | 0.0% | 6.03% | #276 |
| Iowa | 19 | 16 | 0.0% | 6.35% | #297 |
| West Virginia | 18 | 15 | 0.0% | 6.05% | #208 |
| South Dakota | 12 | 8 | 16.7% | 6.06% | #128 |
| Alaska | 7 | 7 | 0.0% | 6.20% | #119 |
Frequently asked questions
Morgan Stanley Private Bank denied 4.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 93rd percentile of large mortgage lenders.
The most common reason Morgan Stanley Private Bank gave in 2025 was "debt-to-income ratio", cited on 67.8% 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 Morgan Stanley Private Bank originated in 2025 was 5.90%, and its median rate spread over the average prime offer rate was -0.19 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 66% of its applications were for home purchases, 10% for refinancing (including cash-out), and 24% 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.