Velocio Mortgage at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A grade breaks down
Each component is a percentile rank among 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
81st3.9% deniedPricingmedian rate spread over APOR, weight 30%
100th-1.87 ptsProcesswithdrawn + incomplete share, weight 15%
78th11.1%Closing coststotal loan costs ÷ loan amount, weight 10%
16th3.39% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 5,109 | 4,029 | 5.1% | 6.0% | 5.75% | $1.4B |
| 2024 | 6,085 | 5,132 | 4.2% | 4.7% | 5.25% | $1.8B |
| 2025 | 6,808 | 5,812 | 3.5% | 3.9% | 4.25% | $2.0B |
What Velocio 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, 1 manufactured homes, 353 investment properties.
Why Velocio Mortgage denies applications
Primary reason reported for each of the 237 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Velocio Mortgage
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 181 | 107 | 27.7% |
| $50k – $100k | 3,217 | 2,715 | 4.2% |
| $100k – $150k | 1,982 | 1,757 | 2.1% |
| $150k – $250k | 1,079 | 949 | 2.0% |
| Over $250k | 338 | 284 | 3.1% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 571 | 498 | 3.9% |
| 25–34 | 2,603 | 2,309 | 2.9% |
| 35–44 | 1,699 | 1,428 | 3.8% |
| 45–54 | 1,027 | 852 | 5.3% |
| 55–64 | 585 | 459 | 6.1% |
| 65–74 | 254 | 209 | 5.9% |
| Over 74 | 68 | 57 | 3.4% |
Where Velocio Mortgage lends
5 states and 47 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Texas | 4,020 | 3,382 | 3.8% | 4.25% | #49 |
| Arizona | 1,568 | 1,400 | 2.7% | 3.99% | #46 |
| North Carolina | 721 | 598 | 3.2% | 4.99% | #109 |
| South Carolina | 493 | 428 | 3.7% | 4.99% | #98 |
| Florida | 6 | 4 | 0.0% | 6.81% | #1,048 |
Frequently asked questions
Velocio Mortgage denied 3.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 81st percentile of mid-size mortgage lenders.
The most common reason Velocio Mortgage gave in 2025 was "debt-to-income ratio", cited on 60.3% 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 Velocio Mortgage originated in 2025 was 4.25%, and its median rate spread over the average prime offer rate was -1.87 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 100% of its applications were for home purchases, 0% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 29% conventional, 51% FHA, 14% 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.