Operating Engineers Local Union #3 · Nevada · 2025

Operating Engineers Local Union #3 in Nevada: approval rate, denial rate and rates (2025)

Operating Engineers Local Union #3 took 38 mortgage applications in Nevada in 2025, ranking #230 of 627 lenders active in the state. It originated 42.1% of them and denied 23.7% (36.0% of the applications it decided), against a statewide denial rate of 17.5%.

38Applicationsin NV
36.0%Decision denial ratestate 22.2%
7.63%Median ratestate 6.63%
$145,000Median loanstate $305,000
$3.6MVolume9 counties

Operating Engineers Local Union #3 in Nevada vs the state

23.7%Denial rate+6.23 pts vs state
36.0%Decision denial rate+13.78 pts vs state
42.1%Origination rate-15.60 pts vs state
7.63%Median rate+1.00 pts vs state
1.29Rate spread (pts)+0.99 pts vs state
$112kMedian applicant income
16Loans originated
9Denied

Trend in Nevada

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023511433.3%5.81%#190
2024531420.8%8.75%#196
2025381623.7%7.63%#230

What Operating Engineers Local Union #3 lends in Nevada

By loan purpose

Home purchase 6 16% · 16.7% denied
Refinance 6 16% · 33.3% denied
Cash-out refinance 7 18% · 0.0% denied
Other / HELOC 19 50% · 31.6% denied

By loan type

Conventional 38 100% · 23.7% denied

Why it denied Nevada applicants

Debt-to-income ratio 5 56%
Credit history 4 44%

Where in Nevada

Counties with the most Operating Engineers Local Union #3 applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Washoe County 1693 18.8%
Clark County 832 25.0%
Elko County 512 40.0%
Lyon County 311 33.3%
Lander County 210 0.0%
Pershing County 100 0.0%
Carson City 110 0.0%
Douglas County 101 100.0%
Humboldt County 100 0.0%

Other large lenders in Nevada

LenderGradeApplicationsDenial rateMedian rate
United Shore Financial ServicesB 6,91311.4%6.31%
Rocket MortgageC 6,88915.4%6.88%
Guild MortgageA 5,5332.6%6.50%
AMERICA FIRST Federal Credit UnionC 3,87328.6%7.24%
U.S. BankD 3,74540.2%7.65%
Bank of AmericaF 3,29635.9%6.24%
Pennymac Loan ServicesC 3,18812.5%6.62%
Navy Federal Credit UnionD 2,57924.5%7.75%
Broker SolutionsD 2,5598.9%6.75%
Dhi Mortgage CompanyB 2,5496.8%4.99%

Frequently asked questions

Nevada: 38 applications in 2025, of which 16 were originated and 9 denied.

23.7% of all applications, or 36.0% of the applications it actually decided on. The Nevada statewide average across all lenders was 17.5%.

The median rate on loans Operating Engineers Local Union #3 originated in Nevada in 2025 was 7.63%, against a statewide median of 6.63%.

About this data. Figures are Operating Engineers Local Union #3's own HMDA filing for properties located in Nevada, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology