Wyhy at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B 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%
85th13.4% deniedPricingmedian rate spread over APOR, weight 30%
19th0.61 ptsProcesswithdrawn + incomplete share, weight 15%
7th24.6%Closing coststotal loan costs ÷ loan amount, weight 10%
84th1.67% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 95 | 60 | 14.7% | 18.9% | 7.36% | $9.3M |
| 2024 | 295 | 195 | 13.6% | 17.0% | 9.50% | $21M |
| 2025 | 387 | 253 | 10.1% | 13.4% | 8.00% | $29M |
What Wyhy 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: 271 home-equity lines, 0 reverse mortgages, 18 manufactured homes, 3 investment properties.
Why Wyhy denies applications
Primary reason reported for each of the 39 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Wyhy
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 33 | 18 | 28.0% |
| $50k – $100k | 133 | 80 | 15.8% |
| $100k – $150k | 109 | 79 | 10.2% |
| $150k – $250k | 85 | 63 | 4.6% |
| Over $250k | 24 | 13 | 27.8% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 52 | 41 | 6.8% |
| 35–44 | 117 | 62 | 23.5% |
| 45–54 | 85 | 55 | 11.3% |
| 55–64 | 64 | 48 | 4.0% |
| 65–74 | 50 | 35 | 10.3% |
Where Wyhy lends
3 states and 21 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Wyoming | 383 | 252 | 10.2% | 8.00% | #13 |
Frequently asked questions
Wyhy denied 13.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 85th percentile of home-equity (HELOC) lenders.
The most common reason Wyhy gave in 2025 was "debt-to-income ratio", cited on 38.5% 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 Wyhy originated in 2025 was 8.00%, and its median rate spread over the average prime offer rate was 0.61 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 5% of its applications were for home purchases, 36% for refinancing (including cash-out), and 59% for home improvement or other purposes. By loan type: 99% conventional, 1% 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.