Mortgage 1 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 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
93rd2.2% deniedPricingmedian rate spread over APOR, weight 30%
31st0.37 ptsProcesswithdrawn + incomplete share, weight 15%
69th13.2%Closing coststotal loan costs ÷ loan amount, weight 10%
54th2.18% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 4,718 | 3,609 | 3.2% | 3.7% | 6.88% | $793M |
| 2024 | 4,652 | 3,581 | 2.5% | 3.0% | 6.63% | $837M |
| 2025 | 4,573 | 3,663 | 2.0% | 2.2% | 6.63% | $919M |
What Mortgage 1 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, 110 manufactured homes, 180 investment properties.
Why Mortgage 1 denies applications
Primary reason reported for each of the 89 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Mortgage 1
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 560 | 415 | 5.1% |
| $50k – $100k | 2,109 | 1,722 | 1.9% |
| $100k – $150k | 1,004 | 803 | 2.1% |
| $150k – $250k | 647 | 531 | 1.1% |
| Over $250k | 232 | 184 | 2.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 373 | 326 | 1.5% |
| 25–34 | 1,637 | 1,337 | 2.2% |
| 35–44 | 1,011 | 814 | 0.9% |
| 45–54 | 657 | 521 | 3.4% |
| 55–64 | 540 | 407 | 3.5% |
| 65–74 | 271 | 201 | 3.2% |
| Over 74 | 84 | 57 | 4.2% |
Where Mortgage 1 lends
11 states and 134 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
Mortgage 1 denied 2.2% 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 mid-size mortgage lenders.
The most common reason Mortgage 1 gave in 2025 was "debt-to-income ratio", cited on 30.3% 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 Mortgage 1 originated in 2025 was 6.63%, and its median rate spread over the average prime offer rate was 0.37 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 79% of its applications were for home purchases, 21% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 76% conventional, 19% FHA, 4% 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.