Mortgage lender · Chicago, IL · LEI 549300W09D8JV1ANXX59

The Anderson Financial Group review: approval odds, rates and grade (2025)

The Anderson Financial Group earns an A, placing it in the top fifth of small mortgage lenders. It turned down 0.5% of the applications it decided on in 2025, which ranks in the 96th percentile for approval odds. Its median loan was priced 0.10 points above the average prime offer rate, ranking in the 72nd percentile on pricing. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

519Applications2025
75.1%Originatedof applications
0.5%Decision denial ratenational 22.6%
6.49%Median ratenational 6.63%
$142MLoan volume13 states

The Anderson Financial Group at a glance, 2025

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

0.4%Denial rate (all applications)-17.59 pts vs national
0.5%Denial rate (decided applications)-22.11 pts vs national
75.1%Origination rate+17.11 pts vs national
18.9%Withdrawn by applicant
1.5%Closed for incompleteness
6.49%Median interest rate-0.13 pts vs national
0.10Median rate spread (pts over APOR)-0.15 pts vs national
$305,000Median loan amount
$5,375Median total loan costs
$133kMedian applicant income
80%Median loan-to-value
0High-cost (HOEPA) loans

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%

96th0.5% denied

Pricingmedian rate spread over APOR, weight 30%

72nd0.10 pts

Processwithdrawn + incomplete share, weight 15%

19th20.4%

Closing coststotal loan costs ÷ loan amount, weight 10%

57th1.76% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20234503220.4%0.6%6.99%$90M
20244473171.3%1.8%6.88%$106M
20255193900.4%0.5%6.49%$142M

What The Anderson Financial Group 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 400 77% · 0.3% denied
Refinance 98 19% · 1.0% denied
Cash-out refinance 21 4% · 0.0% denied

By loan type

Conventional 493 95% · 0.2% denied
FHA 26 5% · 3.9% denied

Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 42 investment properties.

Why The Anderson Financial Group denies applications

Primary reason reported for each of the 2 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Collateral 1 50%
Credit history 1 50%

How these reasons compare nationally →

Who gets approved at The Anderson Financial Group

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

Applicant incomeApplicationsOriginatedDecision denial rate
$50k – $100k140961.0%
$100k – $150k1411110.0%
$150k – $250k130971.0%
Over $250k98770.0%
Applicant ageApplicationsOriginatedDecision denial rate
25–341781380.0%
35–441401000.0%
45–5494722.6%
55–6447360.0%
65–7432200.0%

Where The Anderson Financial Group lends

13 states and 62 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Illinois3662710.3%6.38%#164
Michigan68560.0%6.63%#317
Indiana40280.0%6.49%#376
Arizona12110.0%6.25%#485
Florida7514.3%6.50%#998
Tennessee760.0%7.50%#684
North Carolina530.0%6.25%#735

Frequently asked questions

The Anderson Financial Group denied 0.5% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 96th percentile of small mortgage lenders.

The most common reason The Anderson Financial Group gave in 2025 was "collateral", cited on 50.0% 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 The Anderson Financial Group originated in 2025 was 6.49%, and its median rate spread over the average prime offer rate was 0.10 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 77% of its applications were for home purchases, 23% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 95% conventional, 5% 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.

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 The Anderson Financial Group. Data sources · Methodology