Pennymac Loan Services · Nevada · 2025

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

Pennymac Loan Services took 3,188 mortgage applications in Nevada in 2025, ranking #7 of 627 lenders active in the state. It originated 57.5% of them and denied 12.5% (17.5% of the applications it decided), against a statewide denial rate of 17.5%.

3.2kApplicationsin NV
17.5%Decision denial ratestate 22.2%
6.62%Median ratestate 6.63%
$315,000Median loanstate $305,000
$628MVolume15 counties

Pennymac Loan Services in Nevada vs the state

12.5%Denial rate-4.97 pts vs state
17.5%Decision denial rate-4.76 pts vs state
57.5%Origination rate-0.18 pts vs state
6.62%Median rate0.00 pts vs state
0.35Rate spread (pts)+0.06 pts vs state
$117kMedian applicant income
1,834Loans originated
398Denied

Trend in Nevada

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,52277016.0%6.88%#15
20242,3481,37613.7%6.75%#14
20253,1881,83412.5%6.62%#7

What Pennymac Loan Services lends in Nevada

By loan purpose

Home purchase 944 30% · 14.6% denied
Refinance 712 22% · 8.2% denied
Cash-out refinance 660 21% · 14.7% denied
Other / HELOC 872 27% · 12.0% denied

By loan type

Conventional 2,142 67% · 12.0% denied
FHA 625 20% · 15.8% denied
VA 420 13% · 10.0% denied
USDA / RHS 1 0% · 0.0% denied

Why it denied Nevada applicants

Debt-to-income ratio 138 35%
Incomplete application 70 18%
Collateral 62 16%
Credit history 48 12%
Unverifiable information 35 9%
Insufficient cash 23 6%
Other 14 4%
Employment history 6 2%
Mortgage insurance denied 2 1%

Where in Nevada

Counties with the most Pennymac Loan Services applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Clark County 2,4021,344303 12.6%
Washoe County 46829856 12.0%
Lyon County 69436 8.7%
Douglas County 613812 19.7%
Nye County 60333 5.0%
Elko County 47287 14.9%
Carson City 28194 14.3%
Churchill County 20105 25.0%
Humboldt County 841 12.5%
Lander County 741 14.3%

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%
Navy Federal Credit UnionD 2,57924.5%7.75%
Broker SolutionsD 2,5598.9%6.75%
Dhi Mortgage CompanyB 2,5496.8%4.99%
Freedom MortgageB 2,5026.4%6.13%

Frequently asked questions

Nevada: 3,188 applications in 2025, of which 1,834 were originated and 398 denied.

12.5% of all applications, or 17.5% of the applications it actually decided on. The Nevada statewide average across all lenders was 17.5%.

The median rate on loans Pennymac Loan Services originated in Nevada in 2025 was 6.62%, against a statewide median of 6.63%.

About this data. Figures are Pennymac Loan Services'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