Planet Home Lending · Texas · 2025

Planet Home Lending in Texas: approval rate, denial rate and rates (2025)

Planet Home Lending took 2,002 mortgage applications in Texas in 2025, ranking #97 of 1,568 lenders active in the state. It originated 79.8% of them and denied 14.6% (15.2% of the applications it decided), against a statewide denial rate of 19.4%.

2.0kApplicationsin TX
15.2%Decision denial ratestate 24.9%
5.99%Median ratestate 6.50%
$295,000Median loanstate $245,000
$528MVolume147 counties

Planet Home Lending in Texas vs the state

14.6%Denial rate-4.84 pts vs state
15.2%Decision denial rate-9.71 pts vs state
79.8%Origination rate+24.89 pts vs state
5.99%Median rate-0.51 pts vs state
0.00Rate spread (pts)-0.19 pts vs state
$119kMedian applicant income
1,597Loans originated
292Denied

Trend in Texas

YearApplicationsOriginatedDenial rateMedian rateRank in state
202392166122.3%6.50%#163
20241,5141,14019.3%6.25%#116
20252,0021,59714.6%5.99%#97

What Planet Home Lending lends in Texas

By loan purpose

Home purchase 591 30% · 11.0% denied
Refinance 1,182 59% · 12.9% denied
Cash-out refinance 97 5% · 33.0% denied
Home improvement 28 1% · 42.9% denied
Other / HELOC 104 5% · 29.8% denied

By loan type

Conventional 580 29% · 20.3% denied
FHA 776 39% · 13.1% denied
VA 635 32% · 11.2% denied
USDA / RHS 11 1% · 9.1% denied

Why it denied Texas applicants

Incomplete application 169 58%
Other 33 11%
Credit history 33 11%
Collateral 28 10%
Debt-to-income ratio 21 7%
Insufficient cash 5 2%
Unverifiable information 2 1%
Employment history 1 0%

Where in Texas

Counties with the most Planet Home Lending applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Harris County 16912136 21.3%
Denton County 16614418 10.8%
Tarrant County 13810915 10.9%
El Paso County 12910916 12.4%
Dallas County 1239816 13.0%
Collin County 1201069 7.5%
Bexar County 1148623 20.2%
Montgomery County 543913 24.1%
Johnson County 50417 14.0%
Ellis County 48422 4.2%

Other large lenders in Texas

LenderGradeApplicationsDenial rateMedian rate
United Shore Financial ServicesB 56,49111.0%6.25%
Rocket MortgageC 45,65822.4%6.63%
21st MortgageF 37,96145.9%9.94%
Dhi Mortgage CompanyB 26,34813.5%4.50%
Lennar MortgageA 21,95920.5%4.50%
Bank of AmericaF 18,00843.0%6.24%
JPMorgan Chase BankB 16,2609.8%6.45%
CMG MortgageA 15,9783.9%6.50%
Vanderbilt Mortgage and FinanceF 15,68344.7%10.50%
Triad Financial ServicesD 15,15850.0%9.35%

Frequently asked questions

Texas: 2,002 applications in 2025, of which 1,597 were originated and 292 denied.

14.6% of all applications, or 15.2% of the applications it actually decided on. The Texas statewide average across all lenders was 19.4%.

The median rate on loans Planet Home Lending originated in Texas in 2025 was 5.99%, against a statewide median of 6.50%.

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