Newrez · District of Columbia · 2025

Newrez in District of Columbia: approval rate, denial rate and rates (2025)

Newrez took 353 mortgage applications in District of Columbia in 2025, ranking #10 of 473 lenders active in the state. It originated 29.8% of them and denied 23.5% (43.9% of the applications it decided), against a statewide denial rate of 18.1%.

353Applicationsin DC
43.9%Decision denial ratestate 23.7%
6.63%Median ratestate 6.50%
$295,000Median loanstate $405,000
$48MVolume1 counties

Newrez in District of Columbia vs the state

23.5%Denial rate+5.45 pts vs state
43.9%Decision denial rate+20.18 pts vs state
29.8%Origination rate-25.76 pts vs state
6.63%Median rate+0.13 pts vs state
0.24Rate spread (pts)+0.19 pts vs state
$129kMedian applicant income
105Loans originated
83Denied

Trend in District of Columbia

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232167117.1%6.99%#19
202434113418.2%6.81%#10
202535310523.5%6.63%#10

What Newrez lends in District of Columbia

By loan purpose

Home purchase 44 12% · 6.8% denied
Refinance 95 27% · 13.7% denied
Cash-out refinance 214 61% · 31.3% denied

By loan type

Conventional 251 71% · 18.7% denied
FHA 70 20% · 45.7% denied
VA 32 9% · 12.5% denied

Why it denied District of Columbia applicants

Debt-to-income ratio 56 67%
Credit history 15 18%
Collateral 5 6%
Other 3 4%
Insufficient cash 3 4%
Unverifiable information 1 1%

Where in District of Columbia

Counties with the most Newrez applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
District of Columbia 35310583 23.5%

Other large lenders in District of Columbia

LenderGradeApplicationsDenial rateMedian rate
Navy Federal Credit UnionD 78628.5%7.75%
Rocket MortgageC 67120.7%6.63%
Bank of AmericaF 54633.2%5.99%
First Savings MortgageA 5440.9%6.50%
Truist BankC 52941.2%6.25%
PNC BankD 46731.5%6.25%
JPMorgan Chase BankB 4597.6%6.38%
CitibankB 4179.6%6.00%
First Home MortgageB 3592.5%6.63%
United Shore Financial ServicesB 32717.4%6.37%

Frequently asked questions

District of Columbia: 353 applications in 2025, of which 105 were originated and 83 denied.

23.5% of all applications, or 43.9% of the applications it actually decided on. The District of Columbia statewide average across all lenders was 18.1%.

The median rate on loans Newrez originated in District of Columbia in 2025 was 6.63%, against a statewide median of 6.50%.

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