Universal Mortgage & Finance at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
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%
56th8.4% deniedPricingmedian rate spread over APOR, weight 30%
21st0.66 ptsProcesswithdrawn + incomplete share, weight 15%
11th24.9%Closing coststotal loan costs ÷ loan amount, weight 10%
9th3.91% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 166 | 122 | 7.2% | 9.0% | 6.88% | $46M |
| 2024 | 136 | 99 | 5.2% | 6.6% | 6.75% | $39M |
| 2025 | 205 | 141 | 6.3% | 8.4% | 6.63% | $53M |
What Universal Mortgage & Finance 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, 2 manufactured homes, 21 investment properties.
Why Universal Mortgage & Finance denies applications
Primary reason reported for each of the 13 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Universal Mortgage & Finance
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 82 | 55 | 11.3% |
| $100k – $150k | 61 | 36 | 12.2% |
| $150k – $250k | 26 | 20 | 4.8% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 46 | 36 | 5.3% |
| 35–44 | 51 | 33 | 8.3% |
| 45–54 | 48 | 33 | 10.8% |
| 55–64 | 28 | 20 | 13.0% |
| 65–74 | 20 | 11 | 0.0% |
Where Universal Mortgage & Finance lends
11 states and 60 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Maryland | 141 | 93 | 6.4% | 6.63% | #202 |
| Virginia | 24 | 19 | 4.2% | 6.63% | #471 |
| Pennsylvania | 9 | 7 | 11.1% | 6.63% | #701 |
| District of Columbia | 8 | 4 | 12.5% | 6.38% | #198 |
| North Carolina | 7 | 7 | 0.0% | 6.75% | #681 |
| Florida | 6 | 4 | 16.7% | 6.50% | #1,034 |
Frequently asked questions
Universal Mortgage & Finance denied 8.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 56th percentile of small mortgage lenders.
The most common reason Universal Mortgage & Finance gave in 2025 was "credit history", cited on 53.8% 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 Universal Mortgage & Finance originated in 2025 was 6.63%, and its median rate spread over the average prime offer rate was 0.66 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 69% of its applications were for home purchases, 31% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 38% conventional, 52% FHA, 10% 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.