Peak Residential Lending 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%
96th0.5% deniedPricingmedian rate spread over APOR, weight 30%
41st0.34 ptsProcesswithdrawn + incomplete share, weight 15%
3rd37.1%Closing coststotal loan costs ÷ loan amount, weight 10%
28th2.55% of loanTrend, 2024–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2024 | 671 | 464 | 0.5% | 0.6% | 6.63% | $179M |
| 2025 | 657 | 410 | 0.3% | 0.5% | 6.50% | $154M |
What Peak Residential Lending 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: 1 home-equity lines, 0 reverse mortgages, 29 manufactured homes, 41 investment properties.
Why Peak Residential Lending denies applications
Primary reason reported for each of the 2 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Peak Residential Lending
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 35 | 18 | 0.0% |
| $50k – $100k | 194 | 118 | 0.8% |
| $100k – $150k | 206 | 145 | 0.7% |
| $150k – $250k | 136 | 87 | 0.0% |
| Over $250k | 63 | 37 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 34 | 26 | 0.0% |
| 25–34 | 192 | 126 | 0.0% |
| 35–44 | 188 | 114 | 1.7% |
| 45–54 | 93 | 52 | 0.0% |
| 55–64 | 81 | 52 | 0.0% |
| 65–74 | 54 | 33 | 0.0% |
Where Peak Residential Lending lends
13 states and 69 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
Peak Residential Lending denied 0.5% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 96th percentile of small mortgage lenders.
The most common reason Peak Residential Lending gave in 2025 was "employment history", cited on 50.0% 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 Peak Residential Lending originated in 2025 was 6.50%, and its median rate spread over the average prime offer rate was 0.34 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 81% of its applications were for home purchases, 19% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 61% conventional, 29% FHA, 9% 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.