The 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%
79th3.8% deniedPricingmedian rate spread over APOR, weight 30%
68th0.14 ptsProcesswithdrawn + incomplete share, weight 15%
13th23.3%Closing coststotal loan costs ÷ loan amount, weight 10%
44th2.05% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 223 | 144 | 5.4% | 7.3% | 6.75% | $48M |
| 2024 | 343 | 259 | 4.4% | 5.3% | 6.63% | $86M |
| 2025 | 377 | 257 | 2.9% | 3.8% | 6.63% | $91M |
What The 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, 7 manufactured homes, 15 investment properties.
Why The Mortgage denies applications
Primary reason reported for each of the 11 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at The Mortgage
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 142 | 97 | 3.6% |
| $100k – $150k | 101 | 69 | 2.7% |
| $150k – $250k | 75 | 57 | 0.0% |
| Over $250k | 42 | 24 | 9.7% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 94 | 63 | 3.0% |
| 35–44 | 99 | 76 | 1.2% |
| 45–54 | 75 | 48 | 7.0% |
| 55–64 | 50 | 29 | 8.8% |
| 65–74 | 29 | 19 | 4.2% |
Where The Mortgage lends
2 states and 32 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Colorado | 375 | 256 | 2.9% | 6.63% | #127 |
Frequently asked questions
The Mortgage denied 3.8% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 79th percentile of small mortgage lenders.
The most common reason The Mortgage gave in 2025 was "credit history", cited on 36.4% 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 The Mortgage originated in 2025 was 6.63%, and its median rate spread over the average prime offer rate was 0.14 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: 76% conventional, 16% FHA, 7% 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.