Texas Bay at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the D 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%
1st55.1% deniedPricingmedian rate spread over APOR, weight 30%
20th0.70 ptsProcesswithdrawn + incomplete share, weight 15%
89th2.1%Closing coststotal loan costs ÷ loan amount, weight 10%
5th4.94% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 644 | 227 | 54.4% | 60.7% | 8.65% | $31M |
| 2024 | 557 | 133 | 76.1% | 76.1% | 9.77% | $10M |
| 2025 | 749 | 327 | 53.9% | 55.1% | 6.63% | $59M |
What Texas Bay 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: 259 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 7 investment properties.
Why Texas Bay denies applications
Primary reason reported for each of the 404 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Texas Bay
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 96 | 22 | 76.8% |
| $50k – $100k | 205 | 85 | 57.5% |
| $100k – $150k | 140 | 74 | 44.5% |
| $150k – $250k | 133 | 92 | 28.7% |
| Over $250k | 38 | 25 | 28.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 102 | 56 | 41.8% |
| 35–44 | 196 | 89 | 53.4% |
| 45–54 | 201 | 87 | 55.3% |
| 55–64 | 157 | 56 | 63.9% |
| 65–74 | 54 | 23 | 57.4% |
| Over 74 | 24 | 11 | 54.2% |
Where Texas Bay lends
2 states and 26 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Texas | 748 | 326 | 54.0% | 6.63% | #201 |
Frequently asked questions
Texas Bay denied 55.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 1st percentile of small mortgage lenders.
The most common reason Texas Bay gave in 2025 was "debt-to-income ratio", cited on 34.9% 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 Texas Bay originated in 2025 was 6.63%, and its median rate spread over the average prime offer rate was 0.70 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 16% of its applications were for home purchases, 10% for refinancing (including cash-out), and 75% 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.