Rate-and-term and cash-out refinance applications combined.
| # | Lender | Grade | Refinance applications | Applications | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | United Shore Financial ServicesPlymouth, MI | B | 40,670 | 79,261 | 12.6% | 6.49% |
| 2 | Rocket MortgagePlymouth, MI | C | 35,812 | 58,925 | 17.6% | 6.75% |
| 3 | NewrezWilmington, DE | D | 13,791 | 17,000 | 19.3% | 6.63% |
| 4 | Freedom MortgageBoca Raton, FL | B | 9,948 | 11,002 | 8.0% | 6.13% |
| 5 | Bank of AmericaCharlotte, NC | F | 9,531 | 40,190 | 30.8% | 5.99% |
| 6 | U.S. BankCincinnati, OH | D | 9,298 | 32,493 | 31.6% | 6.50% |
| 7 | JPMorgan Chase BankColumbus, OH | B | 8,452 | 22,048 | 9.7% | 6.13% |
| 8 | Pennymac Loan ServicesWestlake Village, CA | C | 8,304 | 18,754 | 13.5% | 6.50% |
| 9 | AmeriSave MortgageSandy Springs, GA | D | 6,789 | 6,922 | 64.2% | 8.63% |
| 10 | Broker SolutionsTustin, CA | D | 6,038 | 12,478 | 7.8% | 6.88% |
| 11 | Lakeview Loan ServicingCoral Gables, FL | C | 5,922 | 7,899 | 57.1% | 6.25% |
| 12 | SchoolsfirstTustin, CA | A | 5,812 | 19,086 | 10.0% | 6.25% |
| 13 | OCMBCIrvine, CA | C | 5,501 | 12,176 | 6.1% | 6.75% |
| 14 | Loandepot.ComIrvine, CA | D | 5,424 | 16,645 | 18.7% | 6.63% |
| 15 | Wells Fargo BankCharlotte, NC | B | 5,414 | 15,826 | 10.8% | 5.75% |
| 16 | AMWEST FundingBrea, CA | C | 5,122 | 7,654 | 5.9% | 7.00% |
| 17 | Guaranteed RateChicago, IL | B | 4,611 | 12,235 | 5.4% | 6.53% |
| 18 | CitibankSioux Falls, SD | B | 4,574 | 11,427 | 11.3% | 5.75% |
| 19 | Crosscountry MortgageCleveland, OH | B | 4,221 | 14,753 | 3.6% | 6.75% |
| 20 | Carrington Mortgage ServicesOrange, CA | D | 4,100 | 4,441 | 48.8% | 6.63% |
| 21 | Spring EqConshohocken, PA | D | 3,659 | 21,601 | 50.8% | 8.88% |
| 22 | Mortgage Research CenterColumbia, MO | C | 3,373 | 6,494 | 21.0% | 6.13% |
| 23 | The Golden 1Sacramento, CA | D | 3,164 | 11,609 | 33.2% | 7.75% |
| 24 | Navy Federal Credit UnionVienna, VA | D | 3,020 | 15,476 | 25.7% | 8.00% |
| 25 | CMG MortgageSan Ramon, CA | A | 2,825 | 7,440 | 4.7% | 6.63% |
| 26 | Nationstar MortgageCoppell, TX | C | 2,748 | 7,812 | 20.5% | 8.38% |
| 27 | The Loan StoreSan Francisco, CA | B | 2,664 | 12,791 | 11.7% | 6.75% |
| 28 | Village Capital & InvestmentHenderson, NV | C | 2,591 | 2,699 | 17.2% | 5.99% |
| 29 | BMO BankChicago, IL | F | 2,577 | 9,453 | 35.1% | 7.63% |
| 30 | Patelco Credit UnionDublin, CA | C | 2,468 | 4,163 | 9.3% | 8.00% |
| 31 | Finance of America ReverseTulsa, OK | C | 2,275 | 3,527 | 9.5% | 8.99% |
| 32 | New Day FinancialWest Palm Beach, FL | F | 2,252 | 2,322 | 29.6% | 6.99% |
| 33 | Kind LendingIrvine, CA | C | 2,208 | 9,817 | 24.5% | 6.50% |
| 34 | Mutual of Omaha MortgageSan Diego, CA | C | 2,177 | 2,970 | 16.8% | 6.38% |
| 35 | Network Capital FundingIrvine, CA | D | 2,158 | 2,217 | 13.8% | 6.50% |
| 36 | GoodLeapRoseville, CA | C | 2,113 | 2,127 | 20.6% | 7.65% |
| 37 | Quorum Federal Credit UnionPurchase, NY | D | 2,113 | 2,299 | 29.5% | 8.38% |
| 38 | PHH MortgageMount Laurel, NJ | C | 2,085 | 2,234 | 10.2% | 6.00% |
| 39 | Cake MortgageLos Angeles, CA | D | 2,056 | 3,468 | 3.9% | 7.63% |
| 40 | Guild MortgageSan Diego, CA | A | 2,047 | 6,122 | 3.5% | 6.50% |
| 41 | Commerce Home MortgageAnaheim, CA | C | 1,955 | 4,491 | 7.4% | 7.13% |
| 42 | Orange County'S Credit UnionSanta Ana, CA | D | 1,935 | 2,145 | 26.5% | 7.63% |
| 43 | Sun West Mortgage CompanyCerritos, CA | B | 1,816 | 3,056 | 11.1% | 6.13% |
| 44 | Third Federal Savings and Loan Association of ClevelandCleveland, OH | C | 1,799 | 4,537 | 35.0% | 6.99% |
| 45 | Nexera HoldingEmeryville, CA | D | 1,765 | 2,972 | 8.0% | 7.38% |
| 46 | New Wave Lending GroupCity Of Industry, CA | B | 1,757 | 3,895 | 0.3% | 6.88% |
| 47 | Hometown Equity MortgageLake Forest, CA | C | 1,752 | 3,003 | 47.9% | 7.25% |
| 48 | Sofi BankCottonwood Heights, UT | D | 1,666 | 6,803 | 10.1% | 7.79% |
| 49 | Equity Prime MortgageAtlanta, GA | D | 1,613 | 2,551 | 9.4% | 6.25% |
| 50 | Unnamed lender 254900M2C4Q6DATP2889 | F | 1,598 | 1,628 | 18.3% | 6.25% |
Ordered by the number of applications of this type received in 2025 in the state. All figures come from the lenders' own HMDA filings. Full methodology.
