Onward Home Mortgage at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
75th4.5% deniedPricingmedian rate spread over APOR, weight 30%
65th0.16 ptsProcesswithdrawn + incomplete share, weight 15%
3rd37.2%Closing coststotal loan costs ÷ loan amount, weight 10%
58th1.73% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 233 | 152 | 1.7% | 2.6% | 7.19% | $58M |
| 2024 | 759 | 515 | 1.8% | 2.6% | 6.75% | $212M |
| 2025 | 988 | 590 | 2.8% | 4.5% | 6.50% | $268M |
What Onward Home Mortgage 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, 5 manufactured homes, 73 investment properties.
Why Onward Home Mortgage denies applications
Primary reason reported for each of the 28 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Onward Home Mortgage
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 32 | 13 | 31.6% |
| $50k – $100k | 219 | 127 | 4.5% |
| $100k – $150k | 254 | 157 | 2.5% |
| $150k – $250k | 256 | 163 | 3.6% |
| Over $250k | 180 | 109 | 1.8% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 41 | 28 | 9.7% |
| 25–34 | 329 | 204 | 3.3% |
| 35–44 | 272 | 159 | 4.2% |
| 45–54 | 155 | 93 | 5.1% |
| 55–64 | 98 | 60 | 4.8% |
| 65–74 | 62 | 31 | 3.1% |
| Over 74 | 20 | 10 | 9.1% |
Where Onward Home Mortgage lends
6 states and 75 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Georgia | 911 | 544 | 2.6% | 6.50% | #101 |
| Alabama | 38 | 20 | 7.9% | 6.50% | #338 |
| South Carolina | 20 | 17 | 0.0% | 6.50% | #445 |
| Florida | 13 | 4 | 7.7% | 6.63% | #854 |
Frequently asked questions
Onward Home Mortgage denied 4.5% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 75th percentile of small mortgage lenders.
The most common reason Onward Home Mortgage gave in 2025 was "debt-to-income ratio", cited on 64.3% 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 Onward Home Mortgage originated in 2025 was 6.50%, and its median rate spread over the average prime offer rate was 0.16 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 82% of its applications were for home purchases, 18% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 83% conventional, 12% 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.