Power Financial at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C 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%
22nd33.5% deniedPricingmedian rate spread over APOR, weight 30%
30th0.35 ptsProcesswithdrawn + incomplete share, weight 15%
100th0.0%Closing coststotal loan costs ÷ loan amount, weight 10%
6th6.22% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 341 | 284 | 16.1% | 16.2% | 7.24% | $70M |
| 2024 | 271 | 215 | 19.9% | 20.0% | 7.50% | $48M |
| 2025 | 361 | 240 | 33.5% | 33.5% | 7.01% | $63M |
What Power Financial 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: 245 home-equity lines, 0 reverse mortgages, 7 manufactured homes, 9 investment properties.
Why Power Financial denies applications
Primary reason reported for each of the 121 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Power Financial
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 27 | 10 | 63.0% |
| $50k – $100k | 79 | 50 | 36.7% |
| $100k – $150k | 93 | 63 | 32.3% |
| $150k – $250k | 94 | 70 | 25.5% |
| Over $250k | 67 | 47 | 29.9% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 44 | 37 | 15.9% |
| 35–44 | 60 | 42 | 30.0% |
| 45–54 | 71 | 40 | 43.7% |
| 55–64 | 103 | 72 | 30.1% |
| 65–74 | 62 | 33 | 46.8% |
Where Power Financial lends
2 states and 11 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Florida | 357 | 240 | 32.8% | 7.01% | #284 |
Frequently asked questions
Power Financial denied 33.5% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 22nd percentile of home-equity (HELOC) lenders.
The most common reason Power Financial gave in 2025 was "debt-to-income ratio", cited on 47.1% 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 Power Financial originated in 2025 was 7.01%, and its median rate spread over the average prime offer rate was 0.35 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 25% of its applications were for home purchases, 9% for refinancing (including cash-out), and 66% 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.