NFM · Arizona · 2025

NFM in Arizona: approval rate, denial rate and rates (2025)

NFM took 1,012 mortgage applications in Arizona in 2025, ranking #72 of 1,082 lenders active in the state. It originated 88.6% of them and denied 1.2% (1.3% of the applications it decided), against a statewide denial rate of 16.2%.

1.0kApplicationsin AZ
1.3%Decision denial ratestate 20.4%
4.99%Median ratestate 6.50%
$435,000Median loanstate $275,000
$401MVolume9 counties

NFM in Arizona vs the state

1.2%Denial rate-15.04 pts vs state
1.3%Decision denial rate-19.09 pts vs state
88.6%Origination rate+29.16 pts vs state
4.99%Median rate-1.51 pts vs state
-0.96Rate spread (pts)-1.18 pts vs state
$115kMedian applicant income
897Loans originated
12Denied

Trend in Arizona

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,3001,0481.9%5.99%#50
20241,1851,0501.6%5.25%#58
20251,0128971.2%4.99%#72

What NFM lends in Arizona

By loan purpose

Home purchase 970 96% · 1.1% denied
Refinance 32 3% · 3.1% denied
Cash-out refinance 9 1% · 0.0% denied
Other / HELOC 1 0% · 0.0% denied

By loan type

Conventional 360 36% · 1.4% denied
FHA 510 50% · 1.4% denied
VA 142 14% · 0.0% denied

Why it denied Arizona applicants

Debt-to-income ratio 6 50%
Credit history 3 25%
Collateral 1 8%
Employment history 1 8%
Insufficient cash 1 8%

Where in Arizona

Counties with the most NFM applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Maricopa County 82573210 1.2%
Pinal County 1541342 1.3%
Pima County 15130 0.0%
Coconino County 440 0.0%
Yavapai County 440 0.0%
Gila County 440 0.0%
Navajo County 330 0.0%
Mohave County 220 0.0%
Yuma County 110 0.0%

Other large lenders in Arizona

LenderGradeApplicationsDenial rateMedian rate
United Shore Financial ServicesB 25,38310.2%6.25%
Rocket MortgageC 17,94715.6%6.75%
Desert Financial Credit UnionB 16,97024.3%6.49%
Crosscountry MortgageB 7,5703.8%6.58%
Fairway Independent MortgageB 6,7295.6%6.63%
Bank of AmericaF 6,22932.2%6.24%
Loandepot.ComD 6,18016.1%5.99%
Pennymac Loan ServicesC 5,83811.7%6.62%
Nova Financial & InvestmentC 5,38016.2%6.49%
Freedom MortgageB 4,9917.0%6.00%

Frequently asked questions

Arizona: 1,012 applications in 2025, of which 897 were originated and 12 denied.

1.2% of all applications, or 1.3% of the applications it actually decided on. The Arizona statewide average across all lenders was 16.2%.

The median rate on loans NFM originated in Arizona in 2025 was 4.99%, against a statewide median of 6.50%.

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