Mortgage lender · Austin, TX · LEI 254900ZW2DR74NU0ZY74

Texas Mortgage Lending review: approval odds, rates and grade (2025)

Texas Mortgage Lending earns a C, in line with the typical performance of small mortgage lenders. It turned down 20.1% of the applications it decided on in 2025, which ranks in the 19th percentile for approval odds. Its median loan was priced 0.11 points above the average prime offer rate, ranking in the 71st percentile on pricing. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

1.1kApplications2025
49.4%Originatedof applications
20.1%Decision denial ratenational 22.6%
6.50%Median ratenational 6.63%
$200MLoan volume1 states

Texas Mortgage Lending at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

13.4%Denial rate (all applications)-4.58 pts vs national
20.1%Denial rate (decided applications)-2.53 pts vs national
49.4%Origination rate-8.60 pts vs national
20.3%Withdrawn by applicant
12.8%Closed for incompleteness
6.50%Median interest rate-0.13 pts vs national
0.11Median rate spread (pts over APOR)-0.15 pts vs national
$315,000Median loan amount
$5,894Median total loan costs
$135kMedian applicant income
80%Median loan-to-value
0High-cost (HOEPA) loans

How the C 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%

19th20.1% denied

Pricingmedian rate spread over APOR, weight 30%

71st0.11 pts

Processwithdrawn + incomplete share, weight 15%

4th33.2%

Closing coststotal loan costs ÷ loan amount, weight 10%

52nd1.87% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20231,07848512.6%20.2%6.60%$170M
20241,04149014.4%22.0%6.63%$189M
20251,05252013.4%20.1%6.50%$200M

What Texas Mortgage Lending 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

Home purchase 549 52% · 6.6% denied
Refinance 201 19% · 18.4% denied
Cash-out refinance 302 29% · 22.5% denied

By loan type

Conventional 981 93% · 13.1% denied
FHA 62 6% · 19.4% denied
VA 9 1% · 11.1% denied

Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 111 investment properties.

Why Texas Mortgage Lending denies applications

Primary reason reported for each of the 141 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Debt-to-income ratio 64 45%
Credit history 42 30%
Collateral 17 12%
Employment history 9 6%
Other 4 3%
Insufficient cash 3 2%
Unverifiable information 2 1%

How these reasons compare nationally →

Who gets approved at Texas Mortgage Lending

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k451451.5%
$50k – $100k26212228.6%
$100k – $150k28115017.6%
$150k – $250k26413511.7%
Over $250k1959910.7%
Applicant ageApplicationsOriginatedDecision denial rate
Under 25281426.3%
25–3426013117.0%
35–4428114020.5%
45–5424612522.2%
55–641546521.7%
65–74613417.4%
Over 74221114.3%

Where Texas Mortgage Lending lends

1 states and 74 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Texas1,05252013.4%6.50%#167

Frequently asked questions

Texas Mortgage Lending denied 20.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 19th percentile of small mortgage lenders.

The most common reason Texas Mortgage Lending gave in 2025 was "debt-to-income ratio", cited on 45.4% 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 Mortgage Lending originated in 2025 was 6.50%, and its median rate spread over the average prime offer rate was 0.11 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 52% of its applications were for home purchases, 48% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 93% conventional, 6% FHA, 1% 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.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with Texas Mortgage Lending. Data sources · Methodology