Wells Fargo Bank · Arizona · 2025

Wells Fargo Bank in Arizona: approval rate, denial rate and rates (2025)

Wells Fargo Bank took 2,032 mortgage applications in Arizona in 2025, ranking #38 of 1,082 lenders active in the state. It originated 53.5% of them and denied 15.2% (22.0% of the applications it decided), against a statewide denial rate of 16.2%.

2.0kApplicationsin AZ
22.0%Decision denial ratestate 20.4%
6.38%Median ratestate 6.50%
$255,000Median loanstate $275,000
$741MVolume15 counties

Wells Fargo Bank in Arizona vs the state

15.2%Denial rate-1.02 pts vs state
22.0%Decision denial rate+1.63 pts vs state
53.5%Origination rate-5.94 pts vs state
6.38%Median rate-0.13 pts vs state
0.08Rate spread (pts)-0.14 pts vs state
$100kMedian applicant income
1,088Loans originated
309Denied

Trend in Arizona

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232,9231,35122.4%6.38%#21
20242,22396921.5%6.50%#32
20252,0321,08815.2%6.38%#38

What Wells Fargo Bank lends in Arizona

By loan purpose

Home purchase 1,006 50% · 10.7% denied
Refinance 165 8% · 16.4% denied
Cash-out refinance 585 29% · 19.8% denied
Home improvement 105 5% · 18.1% denied
Other / HELOC 171 8% · 22.8% denied

By loan type

Conventional 1,897 93% · 14.6% denied
FHA 92 5% · 26.1% denied
VA 43 2% · 18.6% denied

Why it denied Arizona applicants

Debt-to-income ratio 163 53%
Collateral 64 21%
Credit history 34 11%
Other 29 9%
Insufficient cash 9 3%
Unverifiable information 7 2%
Incomplete application 3 1%

Where in Arizona

Counties with the most Wells Fargo Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Maricopa County 1,207647176 14.6%
Pima County 29516341 13.9%
Pinal County 1377725 18.2%
Mohave County 904713 14.4%
Yavapai County 754211 14.7%
Yuma County 61339 14.8%
Cochise County 40226 15.0%
Santa Cruz County 33148 24.2%
Navajo County 33205 15.2%
Coconino County 31127 22.6%

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: 2,032 applications in 2025, of which 1,088 were originated and 309 denied.

15.2% of all applications, or 22.0% of the applications it actually decided on. The Arizona statewide average across all lenders was 16.2%.

The median rate on loans Wells Fargo Bank originated in Arizona in 2025 was 6.38%, against a statewide median of 6.50%.

About this data. Figures are Wells Fargo 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