State Financial 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%
84th2.9% deniedPricingmedian rate spread over APOR, weight 30%
73rd0.09 ptsProcesswithdrawn + incomplete share, weight 15%
80th4.6%Closing coststotal loan costs ÷ loan amount, weight 10%
63rd1.58% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 272 | 231 | 7.0% | 7.4% | 6.50% | $53M |
| 2024 | 205 | 180 | 5.9% | 6.1% | 6.63% | $46M |
| 2025 | 216 | 198 | 2.8% | 2.9% | 6.38% | $51M |
What State Financial 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, 6 manufactured homes, 15 investment properties.
Why State Financial Network denies applications
Primary reason reported for each of the 6 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at State Financial Network
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 79 | 75 | 1.3% |
| $100k – $150k | 55 | 51 | 3.7% |
| $150k – $250k | 58 | 52 | 1.9% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 55 | 53 | 1.9% |
| 35–44 | 54 | 49 | 3.9% |
| 45–54 | 44 | 40 | 0.0% |
| 55–64 | 29 | 24 | 7.7% |
Where State Financial Network lends
9 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 |
|---|---|---|---|---|---|
| Pennsylvania | 177 | 164 | 2.8% | 6.38% | #296 |
| New Jersey | 18 | 14 | 5.6% | 6.69% | #463 |
| Delaware | 15 | 14 | 0.0% | 6.31% | #199 |
Frequently asked questions
State Financial Network denied 2.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 84th percentile of small mortgage lenders.
The most common reason State Financial Network gave in 2025 was "collateral", cited on 66.7% 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 State Financial Network originated in 2025 was 6.38%, and its median rate spread over the average prime offer rate was 0.09 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 75% of its applications were for home purchases, 20% for refinancing (including cash-out), and 5% 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.