Patriot at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A grade breaks down
Each component is a percentile rank among 412 home-equity (HELOC) lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
41st28.0% deniedPricingmedian rate spread over APOR, weight 30%
95th-2.21 ptsProcesswithdrawn + incomplete share, weight 15%
70th9.1%Closing coststotal loan costs ÷ loan amount, weight 10%
99th0.15% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 754 | 457 | 28.1% | 31.4% | 6.19% | $55M |
| 2024 | 1,165 | 721 | 25.7% | 28.8% | 5.99% | $73M |
| 2025 | 1,109 | 700 | 25.4% | 28.0% | 4.99% | $78M |
What Patriot 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: 791 home-equity lines, 0 reverse mortgages, 30 manufactured homes, 62 investment properties.
Why Patriot denies applications
Primary reason reported for each of the 282 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Patriot
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 120 | 30 | 69.3% |
| $50k – $100k | 405 | 245 | 31.8% |
| $100k – $150k | 270 | 187 | 19.4% |
| $150k – $250k | 211 | 161 | 14.3% |
| Over $250k | 38 | 30 | 11.8% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 120 | 61 | 38.9% |
| 35–44 | 217 | 136 | 29.6% |
| 45–54 | 280 | 174 | 30.1% |
| 55–64 | 234 | 156 | 21.8% |
| 65–74 | 152 | 105 | 23.6% |
| Over 74 | 56 | 30 | 33.3% |
Where Patriot lends
7 states and 35 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Pennsylvania | 750 | 480 | 24.9% | 4.99% | #120 |
| Maryland | 269 | 162 | 26.0% | 4.99% | #133 |
| West Virginia | 80 | 52 | 30.0% | 4.99% | #104 |
| Virginia | 7 | 6 | 0.0% | 4.99% | #618 |
Frequently asked questions
Patriot denied 28.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 41st percentile of home-equity (HELOC) lenders.
The most common reason Patriot gave in 2025 was "credit history", cited on 52.1% 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 Patriot originated in 2025 was 4.99%, and its median rate spread over the average prime offer rate was -2.21 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 10% of its applications were for home purchases, 23% for refinancing (including cash-out), and 68% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% 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.