U.S. Bank · Arizona · 2025

U.S. Bank in Arizona: approval rate, denial rate and rates (2025)

U.S. Bank took 4,149 mortgage applications in Arizona in 2025, ranking #17 of 1,082 lenders active in the state. It originated 43.7% of them and denied 39.3% (46.7% of the applications it decided), against a statewide denial rate of 16.2%.

4.1kApplicationsin AZ
46.7%Decision denial ratestate 20.4%
7.60%Median ratestate 6.50%
$105,000Median loanstate $275,000
$862MVolume14 counties

U.S. Bank in Arizona vs the state

39.3%Denial rate+23.08 pts vs state
46.7%Decision denial rate+26.26 pts vs state
43.7%Origination rate-15.78 pts vs state
7.60%Median rate+1.10 pts vs state
0.65Rate spread (pts)+0.43 pts vs state
$118kMedian applicant income
1,813Loans originated
1,631Denied

Trend in Arizona

YearApplicationsOriginatedDenial rateMedian rateRank in state
20234,9942,15142.6%7.88%#10
20244,5631,95741.2%7.99%#12
20254,1491,81339.3%7.60%#17

What U.S. Bank lends in Arizona

By loan purpose

Home purchase 952 23% · 15.3% denied
Refinance 281 7% · 10.0% denied
Cash-out refinance 372 9% · 25.3% denied
Home improvement 1,097 26% · 47.7% denied
Other / HELOC 1,447 35% · 58.1% denied

By loan type

Conventional 4,091 99% · 39.7% denied
FHA 35 1% · 17.1% denied
VA 23 1% · 8.7% denied

Why it denied Arizona applicants

Debt-to-income ratio 641 39%
Credit history 434 27%
Collateral 414 25%
Other 70 4%
Unverifiable information 55 3%
Incomplete application 8 0%
Insufficient cash 7 0%
Employment history 2 0%

Where in Arizona

Counties with the most U.S. Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Maricopa County 2,6091,175999 38.3%
Pima County 558224243 43.5%
Pinal County 342140150 43.9%
Mohave County 1988075 37.9%
Yavapai County 1879157 30.5%
Yuma County 772147 61.0%
Coconino County 54339 16.7%
Cochise County 351218 51.4%
Navajo County 29912 41.4%
Santa Cruz County 241010 41.7%

Other large lenders in Arizona

LenderGradeApplicationsDenial rateMedian rate
United Shore Financial ServicesB 25,38310.2%6.25%
Rocket MortgageC 17,94715.6%6.75%
Desert Financial Credit UnionB 16,97024.3%6.49%
Crosscountry MortgageB 7,5703.8%6.58%
Fairway Independent MortgageB 6,7295.6%6.63%
Bank of AmericaF 6,22932.2%6.24%
Loandepot.ComD 6,18016.1%5.99%
Pennymac Loan ServicesC 5,83811.7%6.62%
Nova Financial & InvestmentC 5,38016.2%6.49%
Freedom MortgageB 4,9917.0%6.00%

Frequently asked questions

Arizona: 4,149 applications in 2025, of which 1,813 were originated and 1,631 denied.

39.3% of all applications, or 46.7% of the applications it actually decided on. The Arizona statewide average across all lenders was 16.2%.

The median rate on loans U.S. Bank originated in Arizona in 2025 was 7.60%, against a statewide median of 6.50%.

About this data. Figures are U.S. Bank's own HMDA filing for properties located in Arizona, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology