Official federal data→published methodology→reproducible calculation→FinanceRateCalc interpretation We are not the source. We are the layer that makes the source usable — and every step above is checkable.
Research and analysis by Ziya Yetiş — 23 years in banking (credit side), now analyzing federal HMDA records independently. No ads, no lender compensation. Methodology · [email protected]
FHA denial rates: all 100 largest lenders, ranked (2025)
Annual ranking · The 2025 Edition · updated as the federal record updates
Direct answer · updated 2026-07-18
Across the 100 largest FHA lenders in 2025, observed denial rates ran from 1.8% (Flat Branch Mortgage, Inc) to 78.7% (Amerisave Mortgage Company) — roughly a 44× spread on the same federal program. Source: the complete 2025 CFPB HMDA FHA dataset — 1,187,606 decisioned applications across 1,504 reporting lenders; this table shows the 100 largest by volume (min 500 decisioned applications).
Method: FHA = HMDA loan_type 2; denominator = applications with a credit decision (originated + approved-not-accepted + denied); denial = action 3. Denial rates reflect applicant mix as well as underwriting strictness; overlays are lawful.
Lenders marked FILE have a full FRC behavioral file: DTI cliffs, CLTV walls, black holes, and coordinate tables. Sorted by 2025 FHA volume.
Who denies the most? AmeriSave (78.7% of 22,944 applications), American Financing (71.0%), Carrington (58.4%). Who denies the least? Flat Branch (1.8%), Lakeview Community Capital (1.8%), Vanderbilt (2.7%).
Who is biggest? UWM: 112,470 FHA applications (21.4% denied), then Rocket: 96,051 (29.8%). The builder-lenders: DHI (D.R. Horton) and Lennar both rank top-10 by volume at 20.6% and 22.9% - new-construction buyers are a major, rarely examined slice of FHA.
The digital surprise: Better Mortgage denied 49.4% of its FHA applications - roughly one in two. As everywhere on this page: rates reflect applicant mix and channel as well as strictness.
Every lender in this table now has a profile page — denial rate, cited reasons, pricing, and state footprint (URL pattern: /{lender}-fha-denial-rate.html).
Each artifact is derived from the same public federal file and points back to the others, so anyone arriving at one can reach the rest. None of it has been independently reproduced — that remains the open item, and the specification for closing it is in the reconciliation link above.
Source: CFPB HMDA 2025 Snapshot, FHA loan-level records (1,187,606 decisioned applications), processed by FinanceRateCalc. Historical data observation — not financial, legal, or mortgage advice. Lender names as reported in the 2025 HMDA Transmittal Sheet. FRC Research.
Cite this finding · CC BY 4.0
“FHA denial rates in 2025 ranged from 1.8% to 78.7% across the 100 largest lenders — a 44× spread — according to FinanceRateCalc's analysis of 1,187,606 federal records.”
FinanceRateCalc · Independent analysis of the complete federal HMDA record · Measured, not assumed. · No lender or AI vendor funds or previews this work.