Gray County, Texas · 2025

Mortgage lenders in Gray County, TX: denial rates and top lenders (2025)

94 lenders acted on 447 mortgage applications for properties in Gray County in 2025. 16.8% were denied (Texas: 19.4%). Median rate on closed loans 6.75%; median loan $125,000; median property value $165,000.

447Applications
16.8%Denial ratestate 19.4%
6.75%Median ratestate 6.50%
$125,000Median loan
$165,000Median property value

Largest lenders in Gray County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 FirstBank Southwest D 6145 13.1%7.53%
2 Rocket Mortgage C 2921 20.7%6.75%
3 DAS Acquisition Company B 2721 0.0%6.63%
4 Amarillo National Bank C 2518 4.0%6.38%
5 21st Mortgage F 223 27.3%9.45%
6 Centennial Bank D 168 18.8%6.69%
7 Eustis Mortgage B 1511 6.7%6.63%
8 Ranlife B 1412 0.0%6.68%
9 Mortgage Research Center C 149 7.1%6.50%
10 ACFCU Federal Credit Union D 138 7.7%6.74%
11 Equity Prime Mortgage D 138 15.4%6.44%
12 Vanderbilt Mortgage and Finance F 100 40.0%
13 UMB Bank B 91 44.4%6.13%
14 Broker Solutions D 93 22.2%6.88%
15 United Shore Financial Services B 85 0.0%7.50%
16 Pennymac Loan Services C 72 0.0%7.06%
17 Right Start Mortgage D 75 14.3%7.13%
18 AmeriSave Mortgage D 61 66.7%5.00%
19 Alliance Credit Union C 64 0.0%6.31%
20 The Mortgage Link B 64 0.0%6.93%
21 Triad Financial Services D 61 33.3%12.75%

Best approval odds in Gray County

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

#LenderDecidedDecision denial rate
1FirstBank Southwest5414.8%

What Gray County borrowers applied for

By loan purpose

Home purchase 286 64% · 12.2% denied
Refinance 62 14% · 12.9% denied
Cash-out refinance 51 11% · 31.4% denied
Home improvement 23 5% · 39.1% denied
Other / HELOC 25 6% · 28.0% denied

By loan type

Conventional 300 67% · 21.7% denied
FHA 95 21% · 6.3% denied
VA 35 8% · 5.7% denied
USDA / RHS 17 4% · 11.8% denied

Why applications were denied

Credit history 28 38%
Debt-to-income ratio 14 19%
Collateral 13 18%
Unverifiable information 7 9%
Incomplete application 6 8%
Insufficient cash 3 4%
Other 3 4%

Gray County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202342022519.1%6.99%$115,000
202442523121.7%6.75%$115,000
202544725316.8%6.75%$125,000

Frequently asked questions

16.8% of applications in Gray County were denied in 2025, against 19.4% statewide in Texas.

FirstBank Southwest, with 61 applications in 2025 and a denial rate of 13.1%.

The median mortgage application in Gray County in 2025 was for $125,000; the median property value on originated loans was $165,000.