Sofi Bank in Louisiana vs the state
9.7%Denial rate-12.48 pts vs state
33.1%Decision denial rate+4.93 pts vs state
19.2%Origination rate-32.81 pts vs state
7.74%Median rate+1.12 pts vs state
1.60Rate spread (pts)+1.25 pts vs state
$123kMedian applicant income
87Loans originated
44Denied
Trend in Louisiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 86 | 20 | 24.4% | 6.50% | #189 |
| 2024 | 124 | 45 | 26.6% | 6.88% | #146 |
| 2025 | 454 | 87 | 9.7% | 7.74% | #62 |
What Sofi Bank lends in Louisiana
By loan purpose
By loan type
Why it denied Louisiana applicants
Where in Louisiana
Counties with the most Sofi Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| St. Tammany Parish | 54 | 14 | 3 | 5.6% |
| Orleans Parish | 51 | 8 | 4 | 7.8% |
| Jefferson Parish | 45 | 10 | 3 | 6.7% |
| East Baton Rouge Parish | 38 | 7 | 5 | 13.2% |
| Lafayette Parish | 30 | 10 | 1 | 3.3% |
| Livingston Parish | 21 | 2 | 2 | 9.5% |
| Ascension Parish | 20 | 6 | 2 | 10.0% |
| Caddo Parish | 15 | 5 | 1 | 6.7% |
| St. Charles Parish | 14 | 3 | 1 | 7.1% |
| Tangipahoa Parish | 12 | 2 | 2 | 16.7% |
Other large lenders in Louisiana
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| 21st Mortgage | F | 7,057 | 49.0% | 10.10% |
| United Shore Financial Services | B | 6,264 | 13.1% | 6.38% |
| Rocket Mortgage | C | 5,770 | 25.9% | 6.63% |
| Vanderbilt Mortgage and Finance | F | 4,370 | 45.6% | 10.50% |
| Triad Financial Services | D | 3,867 | 49.7% | 8.73% |
| Hancock Whitney Bank | B | 3,536 | 21.7% | 6.00% |
| Regions Bank | C | 3,356 | 45.8% | 6.00% |
| GMFS | A | 3,072 | 2.0% | 6.50% |
| Newrez | D | 2,664 | 21.1% | 6.50% |
| Dsld Mortgage | A | 2,545 | 6.3% | 6.13% |
Frequently asked questions
Louisiana: 454 applications in 2025, of which 87 were originated and 44 denied.
9.7% of all applications, or 33.1% of the applications it actually decided on. The Louisiana statewide average across all lenders was 22.2%.
The median rate on loans Sofi Bank originated in Louisiana in 2025 was 7.74%, against a statewide median of 6.63%.
About this data. Figures are Sofi Bank'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