New Day Financial · Louisiana · 2025

New Day Financial in Louisiana: approval rate, denial rate and rates (2025)

New Day Financial took 837 mortgage applications in Louisiana in 2025, ranking #38 of 721 lenders active in the state. It originated 15.7% of them and denied 27.4% (62.4% of the applications it decided), against a statewide denial rate of 22.2%.

837Applicationsin LA
62.4%Decision denial ratestate 28.2%
6.99%Median ratestate 6.63%
$215,000Median loanstate $165,000
$28MVolume54 counties

New Day Financial in Louisiana vs the state

27.4%Denial rate+5.19 pts vs state
62.4%Decision denial rate+34.25 pts vs state
15.7%Origination rate-36.32 pts vs state
6.99%Median rate+0.37 pts vs state
0.80Rate spread (pts)+0.44 pts vs state
$72kMedian applicant income
131Loans originated
229Denied

Trend in Louisiana

YearApplicationsOriginatedDenial rateMedian rateRank in state
20236266929.9%7.49%#43
202481510531.0%7.75%#36
202583713127.4%6.99%#38

What New Day Financial lends in Louisiana

By loan purpose

Home purchase 15 2% · 0.0% denied
Refinance 68 8% · 7.4% denied
Cash-out refinance 711 85% · 28.0% denied
Other / HELOC 43 5% · 58.1% denied

By loan type

Conventional 1 0% · 0.0% denied
FHA 47 6% · 57.5% denied
VA 789 94% · 25.6% denied

Why it denied Louisiana applicants

Credit history 131 57%
Debt-to-income ratio 67 29%
Collateral 16 7%
Other 14 6%
Unverifiable information 1 0%

Where in Louisiana

Counties with the most New Day Financial applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
East Baton Rouge Parish 791217 21.5%
Caddo Parish 751719 25.3%
Jefferson Parish 60622 36.7%
St. Tammany Parish 53611 20.8%
Lafayette Parish 48711 22.9%
Rapides Parish 44614 31.8%
Tangipahoa Parish 39310 25.6%
Calcasieu Parish 3877 18.4%
Orleans Parish 34218 52.9%
Bossier Parish 2954 13.8%

Other large lenders in Louisiana

LenderGradeApplicationsDenial rateMedian rate
21st MortgageF 7,05749.0%10.10%
United Shore Financial ServicesB 6,26413.1%6.38%
Rocket MortgageC 5,77025.9%6.63%
Vanderbilt Mortgage and FinanceF 4,37045.6%10.50%
Triad Financial ServicesD 3,86749.7%8.73%
Hancock Whitney BankB 3,53621.7%6.00%
Regions BankC 3,35645.8%6.00%
GMFSA 3,0722.0%6.50%
NewrezD 2,66421.1%6.50%
Dsld MortgageA 2,5456.3%6.13%

Frequently asked questions

Louisiana: 837 applications in 2025, of which 131 were originated and 229 denied.

27.4% of all applications, or 62.4% of the applications it actually decided on. The Louisiana statewide average across all lenders was 22.2%.

The median rate on loans New Day Financial originated in Louisiana in 2025 was 6.99%, against a statewide median of 6.63%.

About this data. Figures are New Day Financial's own HMDA filing for properties located in Louisiana, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology