Pennymac Loan Services · Louisiana · 2025

Pennymac Loan Services in Louisiana: approval rate, denial rate and rates (2025)

Pennymac Loan Services took 2,323 mortgage applications in Louisiana in 2025, ranking #13 of 721 lenders active in the state. It originated 42.6% of them and denied 13.0% (22.4% of the applications it decided), against a statewide denial rate of 22.2%.

2.3kApplicationsin LA
22.4%Decision denial ratestate 28.2%
6.13%Median ratestate 6.63%
$205,000Median loanstate $165,000
$228MVolume61 counties

Pennymac Loan Services in Louisiana vs the state

13.0%Denial rate-9.17 pts vs state
22.4%Decision denial rate-5.76 pts vs state
42.6%Origination rate-9.35 pts vs state
6.13%Median rate-0.50 pts vs state
0.23Rate spread (pts)-0.13 pts vs state
$97kMedian applicant income
990Loans originated
302Denied

Trend in Louisiana

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,15555912.8%6.25%#27
20241,35353615.0%6.06%#24
20252,32399013.0%6.13%#13

What Pennymac Loan Services lends in Louisiana

By loan purpose

Home purchase 389 17% · 10.0% denied
Refinance 981 42% · 5.2% denied
Cash-out refinance 481 21% · 23.5% denied
Home improvement 1 0% · 0.0% denied
Other / HELOC 471 20% · 21.0% denied

By loan type

Conventional 883 38% · 15.2% denied
FHA 909 39% · 13.8% denied
VA 488 21% · 7.6% denied
USDA / RHS 43 2% · 14.0% denied

Why it denied Louisiana applicants

Collateral 82 27%
Debt-to-income ratio 74 25%
Credit history 64 21%
Incomplete application 47 16%
Unverifiable information 14 5%
Other 10 3%
Insufficient cash 7 2%
Employment history 4 1%

Where in Louisiana

Counties with the most Pennymac Loan Services applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
St. Tammany Parish 22011027 12.3%
Lafayette Parish 21812521 9.6%
East Baton Rouge Parish 2138231 14.6%
Jefferson Parish 1958224 12.3%
Orleans Parish 1757425 14.3%
Livingston Parish 1104414 12.7%
Bossier Parish 101389 8.9%
Tangipahoa Parish 101486 5.9%
Ascension Parish 1004314 14.0%
Caddo Parish 953212 12.6%

Other large lenders in Louisiana

LenderGradeApplicationsDenial rateMedian rate
21st MortgageF 7,05749.0%10.10%
United Shore Financial ServicesB 6,26413.1%6.38%
Rocket MortgageC 5,77025.9%6.63%
Vanderbilt Mortgage and FinanceF 4,37045.6%10.50%
Triad Financial ServicesD 3,86749.7%8.73%
Hancock Whitney BankB 3,53621.7%6.00%
Regions BankC 3,35645.8%6.00%
GMFSA 3,0722.0%6.50%
NewrezD 2,66421.1%6.50%
Dsld MortgageA 2,5456.3%6.13%

Frequently asked questions

Louisiana: 2,323 applications in 2025, of which 990 were originated and 302 denied.

13.0% of all applications, or 22.4% of the applications it actually decided on. The Louisiana statewide average across all lenders was 22.2%.

The median rate on loans Pennymac Loan Services originated in Louisiana in 2025 was 6.13%, against a statewide median of 6.63%.

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