Residential Mortgage Network at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A 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%
94th0.9% deniedPricingmedian rate spread over APOR, weight 30%
64th0.17 ptsProcesswithdrawn + incomplete share, weight 15%
63rd8.9%Closing coststotal loan costs ÷ loan amount, weight 10%
71st1.36% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 411 | 369 | 1.2% | 1.3% | 6.38% | $80M |
| 2024 | 514 | 465 | 0.6% | 0.6% | 6.50% | $109M |
| 2025 | 598 | 540 | 0.8% | 0.9% | 6.50% | $125M |
What Residential Mortgage Network 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: 0 home-equity lines, 0 reverse mortgages, 1 manufactured homes, 2 investment properties.
Why Residential Mortgage Network denies applications
Primary reason reported for each of the 5 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Residential Mortgage Network
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 59 | 45 | 2.2% |
| $50k – $100k | 297 | 269 | 1.1% |
| $100k – $150k | 129 | 122 | 0.0% |
| $150k – $250k | 62 | 57 | 1.7% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 88 | 82 | 0.0% |
| 25–34 | 233 | 213 | 0.5% |
| 35–44 | 135 | 123 | 1.6% |
| 45–54 | 89 | 76 | 2.6% |
| 55–64 | 33 | 30 | 0.0% |
Where Residential Mortgage Network lends
1 states and 40 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Iowa | 598 | 540 | 0.8% | 6.50% | #39 |
Frequently asked questions
Residential Mortgage Network denied 0.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 94th percentile of small mortgage lenders.
The most common reason Residential Mortgage Network gave in 2025 was "credit history", cited on 20.0% 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 Residential Mortgage Network originated in 2025 was 6.50%, and its median rate spread over the average prime offer rate was 0.17 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 88% of its applications were for home purchases, 9% for refinancing (including cash-out), and 3% for home improvement or other purposes. By loan type: 47% conventional, 17% FHA, 25% 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.