Rate-and-term and cash-out refinance applications combined.
| # | Lender | Grade | Refinance applications | Applications | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Rocket MortgagePlymouth, MI | C | 4,211 | 6,043 | 16.5% | 6.75% |
| 2 | NewrezWilmington, DE | D | 2,089 | 2,556 | 21.8% | 6.88% |
| 3 | United Shore Financial ServicesPlymouth, MI | B | 2,059 | 4,239 | 13.7% | 6.50% |
| 4 | Citizens BankProvidence, RI | C | 1,709 | 4,895 | 26.2% | 7.40% |
| 5 | Freedom MortgageBoca Raton, FL | B | 1,587 | 1,645 | 9.5% | 6.25% |
| 6 | Webster BankStamford, CT | C | 1,182 | 2,762 | 21.9% | 6.74% |
| 7 | Manufacturers and Traders TrustBuffalo, NY | C | 1,143 | 4,030 | 31.8% | 5.99% |
| 8 | AmeriSave MortgageSandy Springs, GA | D | 1,073 | 1,086 | 57.7% | 8.63% |
| 9 | Carrington Mortgage ServicesOrange, CA | D | 972 | 1,031 | 45.8% | 6.63% |
| 10 | Bank of AmericaCharlotte, NC | F | 887 | 4,591 | 32.1% | 6.00% |
| 11 | Broker SolutionsTustin, CA | D | 857 | 1,611 | 13.2% | 6.75% |
| 12 | Pennymac Loan ServicesWestlake Village, CA | C | 829 | 1,583 | 12.8% | 6.50% |
| 13 | Liberty BankMiddletown, CT | A | 729 | 3,513 | 9.5% | 5.99% |
| 14 | Loandepot.ComIrvine, CA | D | 693 | 1,665 | 24.3% | 6.99% |
| 15 | AMERICAN EAGLE FINANCIAL Credit UnionEast Hartford, CT | D | 676 | 2,463 | 18.9% | 7.75% |
| 16 | Mortgage Research CenterColumbia, MO | C | 603 | 1,284 | 17.7% | 6.25% |
| 17 | Lakeview Loan ServicingCoral Gables, FL | C | 533 | 699 | 51.4% | 6.38% |
| 18 | Sikorsky Financial Credit UnionStratford, CT | D | 517 | 1,836 | 20.4% | 7.24% |
| 19 | TD BankWilmington, DE | D | 500 | 1,978 | 30.0% | 7.59% |
| 20 | U.S. BankCincinnati, OH | D | 453 | 1,758 | 16.0% | 6.38% |
| 21 | Mutual of Omaha MortgageSan Diego, CA | C | 432 | 617 | 21.4% | 6.49% |
| 22 | Guaranteed RateChicago, IL | B | 432 | 1,506 | 7.4% | 6.63% |
| 23 | JPMorgan Chase BankColumbus, OH | B | 417 | 1,804 | 8.9% | 6.38% |
| 24 | Nationstar MortgageCoppell, TX | C | 412 | 963 | 16.8% | 7.75% |
| 25 | Total Mortgage ServicesMilford, CT | B | 405 | 4,219 | 4.5% | 6.63% |
| 26 | Crosscountry MortgageCleveland, OH | B | 386 | 1,935 | 5.8% | 6.75% |
| 27 | CMG MortgageSan Ramon, CA | A | 376 | 2,215 | 7.5% | 6.63% |
| 28 | Navy Federal Credit UnionVienna, VA | D | 301 | 1,609 | 20.0% | 7.65% |
| 29 | Wells Fargo BankCharlotte, NC | B | 269 | 736 | 15.2% | 6.13% |
| 30 | Connex Credit UnionNorth Haven, CT | F | 261 | 957 | 25.6% | — |
| 31 | Charter Oak Federal Credit UnionWaterford, CT | B | 258 | 1,015 | 12.7% | 6.50% |
| 32 | Union Savings BankDanbury, CT | A | 255 | 916 | 14.0% | 5.49% |
| 33 | New Day FinancialWest Palm Beach, FL | F | 244 | 262 | 26.0% | 6.87% |
| 34 | Village Capital & InvestmentHenderson, NV | C | 223 | 230 | 28.7% | 5.75% |
| 35 | PHH MortgageMount Laurel, NJ | C | 223 | 241 | 9.5% | 6.69% |
| 36 | Loan FunderNew York, NY | F | 217 | 570 | 7.7% | 8.01% |
| 37 | KeyBankCleveland, OH | C | 217 | 642 | 33.3% | 7.00% |
| 38 | Newtown Savings BankNewtown, CT | B | 212 | 1,059 | 6.5% | 6.38% |
| 39 | Quorum Federal Credit UnionPurchase, NY | D | 201 | 229 | 34.1% | 8.88% |
| 40 | Sofi BankCottonwood Heights, UT | D | 195 | 829 | 9.2% | 7.88% |
| 41 | Movement MortgageLancaster, SC | A | 186 | 1,421 | 2.3% | 6.50% |
| 42 | Champions FundingGilbert, AZ | F | 183 | 425 | 14.8% | 7.75% |
| 43 | Spring EqConshohocken, PA | D | 181 | 1,283 | 49.3% | 9.25% |
| 44 | Nutmeg State FinancialRocky Hill, CT | D | 180 | 724 | 39.6% | — |
| 45 | Discover BankGreenwood, DE | F | 179 | 997 | 51.0% | 8.60% |
| 46 | Thomaston Savings BankThomaston, CT | C | 177 | 832 | 13.8% | 7.13% |
| 47 | Members Mortgage CompanyStoneham, MA | B | 173 | 504 | 7.1% | 5.88% |
| 48 | Plaza Home MortgageSan Diego, CA | C | 152 | 543 | 25.8% | 6.63% |
| 49 | Better MortgageNew York, NY | F | 149 | 787 | 29.7% | 8.25% |
| 50 | American FinancingAurora, CO | D | 147 | 157 | 46.5% | 5.99% |
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.
