Verity at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the D grade breaks down
Each component is a percentile rank among 412 home-equity (HELOC) lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
25th32.9% deniedPricingmedian rate spread over APOR, weight 30%
14th0.76 ptsProcesswithdrawn + incomplete share, weight 15%
9th22.5%Closing coststotal loan costs ÷ loan amount, weight 10%
56th2.94% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 379 | 210 | 28.0% | 33.1% | 8.50% | $34M |
| 2024 | 262 | 166 | 30.2% | 32.2% | 8.99% | $26M |
| 2025 | 275 | 143 | 25.5% | 32.9% | 7.99% | $22M |
What Verity 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: 213 home-equity lines, 0 reverse mortgages, 4 manufactured homes, 13 investment properties.
Why Verity denies applications
Primary reason reported for each of the 70 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Verity
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 62 | 23 | 48.9% |
| $100k – $150k | 70 | 37 | 32.7% |
| $150k – $250k | 79 | 44 | 20.0% |
| Over $250k | 44 | 31 | 22.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 35–44 | 61 | 29 | 39.6% |
| 45–54 | 74 | 46 | 25.8% |
| 55–64 | 50 | 28 | 28.2% |
| 65–74 | 56 | 23 | 42.5% |
| Over 74 | 24 | 14 | 17.7% |
Where Verity lends
5 states and 22 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Washington | 271 | 143 | 25.5% | 7.99% | #162 |
Frequently asked questions
Verity denied 32.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 25th percentile of home-equity (HELOC) lenders.
The most common reason Verity gave in 2025 was "other", cited on 34.3% 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 Verity originated in 2025 was 7.99%, and its median rate spread over the average prime offer rate was 0.76 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 7% of its applications were for home purchases, 17% for refinancing (including cash-out), and 75% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% 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.