The Equitable Mortgage at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B 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%
87th2.3% deniedPricingmedian rate spread over APOR, weight 30%
71st0.11 ptsProcesswithdrawn + incomplete share, weight 15%
19th20.2%Closing coststotal loan costs ÷ loan amount, weight 10%
64th1.54% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 827 | 620 | 1.2% | 1.6% | 6.63% | $184M |
| 2024 | 940 | 671 | 1.3% | 1.8% | 6.63% | $203M |
| 2025 | 872 | 680 | 1.8% | 2.3% | 6.50% | $217M |
What The Equitable Mortgage 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, 61 investment properties.
Why The Equitable Mortgage denies applications
Primary reason reported for each of the 16 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at The Equitable Mortgage
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 56 | 42 | 8.7% |
| $50k – $100k | 276 | 210 | 1.9% |
| $100k – $150k | 214 | 169 | 4.0% |
| $150k – $250k | 206 | 162 | 0.0% |
| Over $250k | 117 | 95 | 1.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 47 | 38 | 0.0% |
| 25–34 | 288 | 229 | 2.1% |
| 35–44 | 233 | 180 | 2.2% |
| 45–54 | 142 | 109 | 1.8% |
| 55–64 | 103 | 77 | 3.8% |
| 65–74 | 44 | 34 | 5.6% |
Where The Equitable Mortgage lends
10 states and 94 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
The Equitable Mortgage denied 2.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 87th percentile of small mortgage lenders.
The most common reason The Equitable Mortgage gave in 2025 was "debt-to-income ratio", cited on 56.3% 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 Equitable Mortgage 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, 82% of its applications were for home purchases, 18% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 83% conventional, 12% FHA, 4% 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.