Washoe County, Nevada · 2025

Mortgage lenders in Washoe County, NV: denial rates and top lenders (2025)

351 lenders acted on 17,407 mortgage applications for properties in Washoe County in 2025. 15.1% were denied (Nevada: 17.5%). Median rate on closed loans 6.63%; median loan $325,000; median property value $565,000.

17kApplications
15.1%Denial ratestate 17.5%
6.63%Median ratestate 6.63%
$325,000Median loan
$565,000Median property value

Largest lenders in Washoe County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Guild Mortgage A 1,4521,036 2.5%6.63%
2 Rocket Mortgage C 1,010804 12.4%6.99%
3 United Shore Financial Services B 853666 7.7%6.48%
4 U.S. Bank D 684336 29.7%7.70%
5 United Federal Credit Union D 645375 29.5%7.05%
6 Dhi Mortgage Company B 584439 9.1%4.99%
7 Bank of America F 577236 28.6%6.24%
8 Crosscountry Mortgage B 551353 4.7%6.63%
9 Pennymac Loan Services C 468298 12.0%6.62%
10 Broker Solutions D 342179 7.3%6.75%
11 Greater Nevada B 332259 5.4%6.50%
12 Gold Star Mortgage Financial Group C 298203 0.3%6.63%
13 21st Mortgage F 27637 55.8%10.34%
14 Figure Lending C 269156 21.6%8.71%
15 Mountain America Federal Credit Union D 262112 40.1%7.37%
16 Lennar Mortgage A 255228 4.3%4.99%
17 Loandepot.Com D 255162 16.1%7.38%
18 Freedom Mortgage B 248112 4.4%6.13%
19 Newrez D 24579 21.2%7.25%
20 Toll Brothers Mortgage A 228130 6.1%6.63%
21 Spring Eq D 22675 50.0%9.45%
22 Primelending, a Plainscapital A 225165 3.6%6.49%
23 The Loan Store B 219160 7.3%6.69%
24 Zions Bancorporation B 208106 29.3%6.06%
25 Mortgage Research Center C 20789 16.4%5.99%

Best approval odds in Washoe County

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

What Washoe County borrowers applied for

By loan purpose

Home purchase 7,992 46% · 8.3% denied
Refinance 2,418 14% · 11.4% denied
Cash-out refinance 3,197 18% · 17.3% denied
Home improvement 1,690 10% · 30.5% denied
Other / HELOC 2,110 12% · 29.8% denied

By loan type

Conventional 13,692 79% · 16.3% denied
FHA 2,318 13% · 11.8% denied
VA 1,393 8% · 9.7% denied
USDA / RHS 4 0% · 0.0% denied

Why applications were denied

Debt-to-income ratio 966 37%
Credit history 525 20%
Incomplete application 402 15%
Collateral 340 13%
Other 226 9%
Unverifiable information 97 4%
Insufficient cash 57 2%
Employment history 20 1%
Mortgage insurance denied 1 0%

Washoe County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202313,4977,91417.6%6.88%$295,000
202414,9828,98216.8%6.88%$305,000
202517,40710,58815.1%6.63%$325,000

Frequently asked questions

15.1% of applications in Washoe County were denied in 2025, against 17.5% statewide in Nevada.

Guild Mortgage, with 1,452 applications in 2025 and a denial rate of 2.5%.

The median mortgage application in Washoe County in 2025 was for $325,000; the median property value on originated loans was $565,000.