Rate-and-term and cash-out refinance applications combined.
| # | Lender | Grade | Refinance applications | Applications | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Rocket MortgagePlymouth, MI | C | 18,900 | 30,644 | 16.3% | 6.75% |
| 2 | United Shore Financial ServicesPlymouth, MI | B | 13,010 | 29,330 | 11.7% | 6.60% |
| 3 | The Huntington National BankColumbus, OH | D | 5,964 | 20,047 | 30.0% | 7.49% |
| 4 | NewrezWilmington, DE | D | 4,100 | 4,958 | 18.5% | 6.75% |
| 5 | Fifth Third BankCincinnati, OH | D | 3,780 | 11,176 | 26.4% | 7.50% |
| 6 | Freedom MortgageBoca Raton, FL | B | 3,383 | 3,515 | 9.7% | 6.25% |
| 7 | AmeriSave MortgageSandy Springs, GA | D | 3,024 | 3,111 | 61.9% | 7.63% |
| 8 | Lake Michigan Credit UnionGrand Rapids, MI | A | 2,991 | 16,662 | 5.6% | 6.75% |
| 9 | Citizens BankProvidence, RI | C | 2,328 | 6,592 | 29.0% | 7.65% |
| 10 | Consumers Credit UnionKalamazoo, MI | C | 2,177 | 3,905 | 9.9% | 6.38% |
| 11 | Pennymac Loan ServicesWestlake Village, CA | C | 2,001 | 2,691 | 11.2% | 6.13% |
| 12 | Mortgage Research CenterColumbia, MO | C | 1,979 | 4,942 | 19.4% | 6.25% |
| 13 | Broker SolutionsTustin, CA | D | 1,579 | 3,076 | 12.6% | 6.88% |
| 14 | Carrington Mortgage ServicesOrange, CA | D | 1,534 | 1,655 | 39.9% | 6.63% |
| 15 | JPMorgan Chase BankColumbus, OH | B | 1,471 | 4,921 | 11.0% | 6.63% |
| 16 | PNC BankWilmington, DE | D | 1,438 | 5,161 | 26.3% | 7.36% |
| 17 | New Day FinancialWest Palm Beach, FL | F | 1,377 | 1,450 | 25.4% | 6.88% |
| 18 | Michigan Schools and GovernmentClinton Township, MI | C | 1,360 | 4,227 | 12.0% | 7.24% |
| 19 | Lakeview Loan ServicingCoral Gables, FL | C | 1,349 | 1,833 | 50.2% | 6.75% |
| 20 | Loandepot.ComIrvine, CA | D | 1,321 | 2,921 | 29.3% | 6.99% |
| 21 | Flagstar BankHicksville, NY | C | 1,266 | 4,889 | 21.3% | 6.63% |
| 22 | Nationstar MortgageCoppell, TX | C | 1,190 | 2,558 | 16.4% | 7.49% |
| 23 | Comerica BankDallas, TX | C | 1,184 | 3,064 | 40.0% | 5.99% |
| 24 | Union Home MortgageStrongsville, OH | B | 1,177 | 5,303 | 4.3% | 6.75% |
| 25 | Kiavi FundingWilmington, DE | D | 1,031 | 2,028 | 8.0% | 9.50% |
| 26 | Genisys Credit UnionAuburn Hills, MI | D | 1,020 | 4,455 | 17.0% | 7.24% |
| 27 | Credit Union OneFerndale, MI | D | 977 | 3,310 | 26.4% | 7.99% |
| 28 | Crosscountry MortgageCleveland, OH | B | 972 | 3,708 | 4.2% | 6.75% |
| 29 | Guaranteed RateChicago, IL | B | 919 | 3,014 | 5.2% | 6.63% |
| 30 | Mortgage 1Sterling Heights, MI | A | 903 | 4,161 | 2.0% | 6.63% |
| 31 | Dfcu FinancialDearborn, MI | B | 782 | 4,346 | 13.3% | 6.25% |
| 32 | Village Capital & InvestmentHenderson, NV | C | 779 | 834 | 26.5% | 5.75% |
| 33 | Bank of AmericaCharlotte, NC | F | 732 | 4,464 | 31.9% | 5.99% |
| 34 | ADVIA Federal Credit UnionKalamazoo, MI | D | 656 | 2,595 | 28.2% | 7.04% |
| 35 | Mercantile BankGrand Rapids, MI | C | 652 | 3,041 | 12.5% | 6.75% |
| 36 | Independent BankGrand Rapids, MI | C | 636 | 3,340 | 15.0% | 6.88% |
| 37 | MICHIGAN STATE UNIVERSITY Federal Credit UnionEast Lansing, MI | C | 636 | 4,385 | 17.7% | 7.50% |
| 38 | Equity Prime MortgageAtlanta, GA | D | 625 | 1,082 | 11.3% | 6.75% |
| 39 | Mutual of Omaha MortgageSan Diego, CA | C | 603 | 1,052 | 21.7% | 6.50% |
| 40 | First Merchants BankMuncie, IN | C | 595 | 2,637 | 10.8% | 6.50% |
| 41 | Michigan First Credit UnionLathrup Village, MI | F | 576 | 2,484 | 38.7% | 6.88% |
| 42 | Mortgage Center L.cSouthfield, MI | C | 570 | 3,046 | 6.2% | 6.38% |
| 43 | PHH MortgageMount Laurel, NJ | C | 514 | 551 | 7.4% | 6.50% |
| 44 | Honor Credit UnionBerrien Springs, MI | D | 512 | 2,411 | 19.1% | 7.25% |
| 45 | American FinancingAurora, CO | D | 497 | 556 | 44.4% | 6.13% |
| 46 | ChoiceOne BankSparta, MI | D | 496 | 1,444 | 18.5% | 6.75% |
| 47 | Navy Federal Credit UnionVienna, VA | D | 495 | 2,484 | 22.6% | 7.00% |
| 48 | The Dart BankMason, MI | B | 490 | 3,524 | 6.4% | 6.75% |
| 49 | GoodLeapRoseville, CA | C | 466 | 466 | 23.0% | 6.63% |
| 50 | Unnamed lender 254900M2C4Q6DATP2889 | F | 458 | 461 | 17.4% | 6.13% |
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.
