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Denials by Reason

Mortgage Denial Rates by Reason: 2017-2024 (PDF)

June 9, 2025

Percent of applications denied by reason (debt-to-income, employment history, credit history, collateral, insufficient cash, unverifiable information, incomplete application, mortgage insurance denial, exempt and other). Breakouts by purpose. From HMDA.

Mortgage Denial Rates by Reason: 2017-2024 (Spreadsheet)

June 9, 2025

Percent of applications denied by reason (debt-to-income, employment history, credit history, collateral, insufficient cash, unverifiable information, incomplete application, mortgage insurance denial, exempt and other). Breakouts by purpose. From HMDA.

Denial Reason Trends: 2016-2020 (Spreadsheet)

June 7, 2021

Percent of applications denied by reason (debt-to-income, employment history, credit history, collateral, insufficient cash, unverifiable information, incomplete application, mortgage insurance denial and other). Breakouts by purpose. From HMDA.

Denial Reason Trends: 2016-2020 (PDF)

June 7, 2021

Percent of applications denied by reason (debt-to-income, employment history, credit history, collateral, insufficient cash, unverifiable information, incomplete application, mortgage insurance denial and other). Breakouts by purpose. From HMDA.


Reasons for Mortgage Application Denials: 2014 Data PDF Format

August 22, 2018
Chart detailing percent of applications denied for government-backed purchase, conventional purchase, refinance, and all mortgages for the following reasons: debt/income, employment history, credit history, collateral, insufficient cash, unverified information, credit application incomplete, mortgage insurance denial, and other. Breakout provided by race/ethnicity for government-backed purchase, conventional purchase and refinance and by income as a percentage of MSA median for all mortgages. From HMDA.

FHA/VA Applications: Disposition and Denial Reasons: 2017 PDF Format

August 22, 2018
A pair of charts analyzing the outcome of FHA/VA loan applications. The disposition table shows, in total and by race/ethnicity, number of applications submitted, number of resulting originations and number of denials. Includes denial and closing rates. Denials chart details reasons by percentage for FHA/VA purchase and refinance applications. From HMDA.

Reasons for Mortgage Application Denials: 2014 Data Spreadsheet Format

August 22, 2018
Chart detailing percent of applications denied for government-backed purchase, conventional purchase, refinance, and all mortgages for the following reasons: debt/income, employment history, credit history, collateral, insufficient cash, unverified information, credit application incomplete, mortgage insurance denial, and other. Breakout provided by race/ethnicity for government-backed purchase, conventional purchase and refinance and by income as a percentage of MSA median for all mortgages. From HMDA.

Reasons for Mortgage Application Denials: 2013 Data PDF Format

August 22, 2018
Chart detailing percent of applications denied for government-backed purchase, conventional purchase, refinance, and all mortgages for the following reasons: debt/income, employment history, credit history, collateral, insufficient cash, unverified information, credit application incomplete, mortgage insurance denial, and other. Breakout provided by race/ethnicity for government-backed purchase, conventional purchase and refinance and by income as a percentage of MSA median for all mortgages. From HMDA.

FHA/VA Applications: Disposition and Denial Reasons: 2017 Spreadsheet Format

August 22, 2018
A pair of charts analyzing the outcome of FHA/VA loan applications. The disposition table shows, in total and by race/ethnicity, number of applications submitted, number of resulting originations and number of denials. Includes denial and closing rates. Denials chart details reasons by percentage for FHA/VA purchase and refinance applications. From HMDA.

Reasons for Mortgage Application Denials: 2013 Data Spreadsheet Format

August 22, 2018
Chart detailing percent of applications denied for government-backed purchase, conventional purchase, refinance, and all mortgages for the following reasons: debt/income, employment history, credit history, collateral, insufficient cash, unverified information, credit application incomplete, mortgage insurance denial, and other. Breakout provided by race/ethnicity for government-backed purchase, conventional purchase and refinance and by income as a percentage of MSA median for all mortgages. From HMDA.

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