Vig Mortgage 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 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%
33rd14.2% deniedPricingmedian rate spread over APOR, weight 30%
0th7.12 ptsProcesswithdrawn + incomplete share, weight 15%
31st15.9%Closing coststotal loan costs ÷ loan amount, weight 10%
2nd6.79% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 319 | 231 | 16.0% | 17.8% | 6.75% | $31M |
| 2024 | 305 | 219 | 12.8% | 14.6% | 6.75% | $32M |
| 2025 | 301 | 215 | 12.0% | 14.2% | 6.25% | $36M |
What Vig 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, 0 manufactured homes, 3 investment properties.
Why Vig Mortgage denies applications
Primary reason reported for each of the 36 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Vig Mortgage
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 162 | 107 | 18.2% |
| $50k – $100k | 95 | 70 | 10.1% |
| $100k – $150k | 25 | 23 | 8.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 122 | 92 | 12.3% |
| 35–44 | 79 | 62 | 10.1% |
| 45–54 | 40 | 24 | 13.8% |
| 55–64 | 27 | 16 | 27.3% |
Where Vig Mortgage lends
1 states and 56 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Puerto Rico | 301 | 215 | 12.0% | 6.25% | #17 |
Frequently asked questions
Vig Mortgage denied 14.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 33rd percentile of small mortgage lenders.
The most common reason Vig Mortgage gave in 2025 was "collateral", cited on 44.4% 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 Vig Mortgage originated in 2025 was 6.25%, and its median rate spread over the average prime offer rate was 7.12 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 92% of its applications were for home purchases, 8% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 6% conventional, 80% FHA, 4% 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.