Waterstone Mortgage in Arizona vs the state
3.1%Denial rate-13.13 pts vs state
4.0%Decision denial rate-16.45 pts vs state
74.8%Origination rate+15.33 pts vs state
6.50%Median rate0.00 pts vs state
0.28Rate spread (pts)+0.06 pts vs state
$117kMedian applicant income
386Loans originated
16Denied
Trend in Arizona
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 647 | 480 | 3.4% | 6.50% | #85 |
| 2024 | 565 | 405 | 5.7% | 6.63% | #98 |
| 2025 | 516 | 386 | 3.1% | 6.50% | #108 |
What Waterstone Mortgage lends in Arizona
By loan purpose
By loan type
Why it denied Arizona applicants
Where in Arizona
Counties with the most Waterstone Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Maricopa County | 375 | 280 | 10 | 2.7% |
| Pinal County | 71 | 58 | 2 | 2.8% |
| Yavapai County | 36 | 25 | 2 | 5.6% |
| Pima County | 9 | 4 | 0 | 0.0% |
| Navajo County | 7 | 5 | 1 | 14.3% |
| Mohave County | 4 | 3 | 0 | 0.0% |
| Gila County | 4 | 3 | 0 | 0.0% |
| Coconino County | 4 | 3 | 0 | 0.0% |
| Yuma County | 2 | 2 | 0 | 0.0% |
| Santa Cruz County | 2 | 1 | 1 | 50.0% |
Other large lenders in Arizona
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 25,383 | 10.2% | 6.25% |
| Rocket Mortgage | C | 17,947 | 15.6% | 6.75% |
| Desert Financial Credit Union | B | 16,970 | 24.3% | 6.49% |
| Crosscountry Mortgage | B | 7,570 | 3.8% | 6.58% |
| Fairway Independent Mortgage | B | 6,729 | 5.6% | 6.63% |
| Bank of America | F | 6,229 | 32.2% | 6.24% |
| Loandepot.Com | D | 6,180 | 16.1% | 5.99% |
| Pennymac Loan Services | C | 5,838 | 11.7% | 6.62% |
| Nova Financial & Investment | C | 5,380 | 16.2% | 6.49% |
| Freedom Mortgage | B | 4,991 | 7.0% | 6.00% |
Frequently asked questions
Arizona: 516 applications in 2025, of which 386 were originated and 16 denied.
3.1% of all applications, or 4.0% of the applications it actually decided on. The Arizona statewide average across all lenders was 16.2%.
The median rate on loans Waterstone Mortgage originated in Arizona in 2025 was 6.50%, against a statewide median of 6.50%.
About this data. Figures are Waterstone Mortgage'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