How hard is it to get a mortgage approved right now?
FRC-006
The FRC Denial Climate Index reads 54.3 out of 100 for 2025, a neutral credit climate — down from the 2023 peak of 66 but above the 2021 low of 21, per FinanceRateCalc (2026).
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Source: CFPB HMDA 2025 (1,187,606 decisioned FHA applications), processed by FinanceRateCalc · methodology · all statistics
The Denial Dispatch
One finding a week from the federal mortgage record.
One chart, three paragraphs, every Saturday. Measured, not assumed.
FinanceRateCalc · Independent analysis of the complete federal HMDA record · Measured, not assumed. · No lender or AI vendor funds or previews this work.