Southern Lending Services 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%
92nd1.4% deniedPricingmedian rate spread over APOR, weight 30%
98th-0.71 ptsProcesswithdrawn + incomplete share, weight 15%
26th17.5%Closing coststotal loan costs ÷ loan amount, weight 10%
84th1.02% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 299 | 219 | 0.3% | 0.4% | 4.99% | $113M |
| 2024 | 323 | 257 | 0.9% | 1.2% | 5.99% | $125M |
| 2025 | 338 | 275 | 1.2% | 1.4% | 5.75% | $141M |
What Southern Lending Services 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, 0 manufactured homes, 7 investment properties.
Why Southern Lending Services denies applications
Primary reason reported for each of the 4 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Southern Lending Services
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 39 | 27 | 0.0% |
| $100k – $150k | 88 | 69 | 2.8% |
| $150k – $250k | 143 | 123 | 1.6% |
| Over $250k | 64 | 56 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 90 | 72 | 1.4% |
| 35–44 | 94 | 79 | 0.0% |
| 45–54 | 60 | 50 | 2.0% |
| 55–64 | 47 | 38 | 2.6% |
| 65–74 | 31 | 24 | 4.0% |
Where Southern Lending Services lends
2 states and 16 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
Southern Lending Services denied 1.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 92nd percentile of small mortgage lenders.
The most common reason Southern Lending Services gave in 2025 was "debt-to-income ratio", cited on 75.0% 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 Southern Lending Services originated in 2025 was 5.75%, and its median rate spread over the average prime offer rate was -0.71 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 100% of its applications were for home purchases, 0% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 72% conventional, 11% FHA, 17% 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.