Rate-and-term and cash-out refinance applications combined.
| # | Lender | Grade | Refinance applications | Applications | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Rocket MortgagePlymouth, MI | C | 816 | 1,027 | 16.9% | 6.75% |
| 2 | Plains Commerce BankSioux Falls, SD | B | 600 | 2,280 | 5.5% | 6.25% |
| 3 | Levo Federal Credit UnionSioux Falls, | B | 417 | 644 | 6.8% | 7.50% |
| 4 | First PREMIER BankSioux Falls, SD | C | 391 | 1,389 | 11.7% | 6.88% |
| 5 | Black Hills Federal Credit UnionRapid City, SD | D | 345 | 1,223 | 23.0% | 7.75% |
| 6 | Freedom MortgageBoca Raton, FL | B | 334 | 343 | 7.6% | 6.00% |
| 7 | United Shore Financial ServicesPlymouth, MI | B | 293 | 563 | 9.4% | 6.13% |
| 8 | NewrezWilmington, DE | D | 251 | 347 | 19.3% | 6.25% |
| 9 | Mortgage Research CenterColumbia, MO | C | 234 | 593 | 16.7% | 6.25% |
| 10 | AmeriSave MortgageSandy Springs, GA | D | 233 | 239 | 60.7% | 8.31% |
| 11 | First Bank & TrustBrookings, SD | C | 218 | 1,320 | 11.2% | 6.63% |
| 12 | CMG MortgageSan Ramon, CA | A | 206 | 919 | 2.3% | 6.38% |
| 13 | Pennymac Loan ServicesWestlake Village, CA | C | 166 | 345 | 9.6% | 6.63% |
| 14 | First Dakota National BankYankton, SD | A | 161 | 690 | 4.6% | 6.50% |
| 15 | First Interstate BankBillings, MT | D | 153 | 615 | 26.2% | 8.25% |
| 16 | U.S. BankCincinnati, OH | D | 138 | 637 | 24.0% | 6.99% |
| 17 | CorTrust BankMitchell, SD | B | 128 | 313 | 6.7% | — |
| 18 | New Day FinancialWest Palm Beach, FL | F | 124 | 135 | 23.7% | 6.88% |
| 19 | Lakeview Loan ServicingCoral Gables, FL | C | 122 | 155 | 44.5% | 6.25% |
| 20 | Fairway Independent MortgageMadison, WI | B | 120 | 490 | 2.2% | 6.25% |
| 21 | Broker SolutionsTustin, CA | D | 118 | 193 | 16.6% | 6.63% |
| 22 | First International Bank & TrustWatford City, ND | B | 117 | 610 | 4.1% | 6.50% |
| 23 | BankwestPierre, SD | F | 112 | 786 | 14.0% | 7.25% |
| 24 | American Bank & TrustSioux Falls, SD | C | 107 | 613 | 11.9% | 6.63% |
| 25 | Voyage Federal Credit UnionSioux Falls, SD | C | 91 | 113 | 12.4% | — |
| 26 | Dacotah BankAberdeen, SD | B | 89 | 512 | 5.9% | 6.63% |
| 27 | Loandepot.ComIrvine, CA | D | 80 | 164 | 34.2% | 6.75% |
| 28 | Guaranteed RateChicago, IL | B | 79 | 280 | 8.9% | 6.38% |
| 29 | CU Mortgage DirectSioux Falls, SD | B | 78 | 236 | 7.6% | 6.13% |
| 30 | Central BankStorm Lake, IA | A | 71 | 394 | 5.1% | 6.50% |
| 31 | Cortrust MortgageSioux Falls, SD | B | 69 | 298 | 5.4% | 6.13% |
| 32 | First National BankPierre, SD | B | 66 | 247 | 8.9% | — |
| 33 | Mutual of Omaha MortgageSan Diego, CA | C | 58 | 90 | 24.4% | 6.49% |
| 34 | Wells Fargo BankCharlotte, NC | B | 55 | 217 | 17.5% | 6.50% |
| 35 | American FinancingAurora, CO | D | 53 | 61 | 31.2% | 6.25% |
| 36 | Nationstar MortgageCoppell, TX | C | 48 | 131 | 13.7% | 8.25% |
| 37 | Service First Federal Credit UnionSioux Falls, SD | B | 47 | 181 | 6.6% | — |
| 38 | Reliabank DakotaEstelline, SD | B | 46 | 183 | 3.8% | 6.75% |
| 39 | Village Capital & InvestmentHenderson, NV | C | 45 | 45 | 15.6% | 5.75% |
| 40 | The First National Bank in Sioux FallsSioux Falls, SD | A | 44 | 196 | 2.0% | — |
| 41 | Citizens BankProvidence, RI | C | 41 | 143 | 23.1% | 6.88% |
| 42 | Carrington Mortgage ServicesOrange, CA | D | 39 | 43 | 53.5% | 6.69% |
| 43 | Pioneer Bank & TrustBelle Fourche, SD | C | 39 | 180 | 8.3% | — |
| 44 | Crosscountry MortgageCleveland, OH | B | 39 | 239 | 4.2% | 6.75% |
| 45 | The Federal Savings BankChicago, IL | C | 38 | 50 | 8.0% | 6.25% |
| 46 | Gateway First BankJenks, OK | B | 36 | 199 | 4.5% | 6.25% |
| 47 | American Neighborhood Mortgage Acceptance CompanyMount Laurel, NJ | B | 34 | 177 | 0.0% | 6.38% |
| 48 | HIGHMARK Federal Credit UnionRapid City, SD | – | 31 | 42 | 0.0% | — |
| 49 | Sentinel Federal Credit UnionRapid City, SD | – | 29 | 42 | 2.4% | — |
| 50 | BMO BankChicago, IL | F | 29 | 92 | 27.2% | 8.68% |
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.
