Name of the lender

Obsidian Financial ServicesMortgage rates, total loan costs and denial rate, 2025

HMDA year2025

Years filed2025

Head office: Melbourne, FL
Reporting agency: Consumer Financial Protection Bureau (CFPB)
Legal Entity Identifier (LEI)

Figures by state (CSV)

Obsidian Financial Services reported 848 mortgage applications in the HMDA data of 2025.

It originated 654 loans in 2025, for $257 million in total.

The median interest rate of its loans in 2025 was 6.750%, and the national median was 6.375%.

The median total loan costs of its loans in 2025 were $15,613, and the national median was $6,413.

It denied 0.6% of the applications that it decided in 2025, and the national denial rate was 22.6%.

Filed figures of Obsidian Financial Services, 2025
Figure	This lender	United States
Applications	848Under 0.1% of the US total	11,766,671
Loans originated	654$257 million	6,827,891
Median interest rate	6.750%	6.375%
Median total loan costs	$15,613	$6,413
Denial rate	0.6%	22.6%

HMDA data are generally not used alone to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions.
The words of the Consumer Financial Protection Bureau (CFPB). Source: Consumer Financial Protection Bureau, Summary of 2023 Data on Mortgage Lending (11 July 2024), copied on 2 Oct 2026. The figures on this page are from the HMDA data of 2025, the snapshot dataset.

Since the last update

No change on record

No tracked figure of this lender has changed since this site started its record. The record compares each update of the HMDA data with the update before it. The record of updates.

PricingMedians of 2025 loans

Interest rate and total loan costs of Obsidian Financial Services by loan type, 2025Medians. Each value has the national median of the same loan type under it.
Loan type	Loans in the medians	Interest rate	Total loan costs	Rate spread, points
All loans	651	6.750%US 6.375%	$15,613US $6,413	1.109US 0.161
Conventional	225	6.990%US 6.500%	$10,682US $5,393	0.988US 0.175
FHA-insured	393	6.625%US 6.250%	$17,862US $11,084	1.236US 0.432
VA-guaranteed	30	6.432%US 6.000%	$12,219US $6,088	−0.053US −0.422

Interest rate and total loan costs of Obsidian Financial Services by loan purpose, 2025Medians, with the national median under each value.
Loan purpose	Loans in the medians	Interest rate	Total loan costs	Rate spread, points
Home purchase	572	6.750%US 6.500%	$16,375US $6,632	1.167US 0.169
Refinancing	39	6.625%US 5.999%	$10,762US $4,883	0.576US −0.069
Cash-out refinancing	40	6.932%US 6.500%	$11,459US $8,095	0.564US 0.376

Parts of the total loan costs of Obsidian Financial Services by loan type, 2025Medians, with the national median under each value.
Loan type	Origination charges	Discount points, of the loans with points	Lender credits, of the loans with credits
All loans	$7,765US $2,062	$3,619US $2,823	$27US $567
Conventional	$6,855US $1,981	$3,341US $2,588	$45US $604
FHA-insured	$8,293US $2,831	$3,812US $3,270	$23US $567
VA-guaranteed	$3,345US $1,729	n/aUS $3,300	$130US $472

The median rate spread of these loans was 1.109 percentage points above the average prime offer rate (APOR). On a loan of $300,000, that is about $3,327 more a year, or $277 more a month. The national median spread was 0.161 points.

The dollar amount is a simple interest approximation: the rate spread times the full loan amount for one year. The balance of a loan decreases with each payment, and an APR includes some fees, so the amount for a real loan is different. What a rate spread is.

Median interest rate by year: Obsidian Financial Services and the United States

Obsidian Financial ServicesUnited States

Action takenHMDA codes and labels

Records of Obsidian Financial Services by the action taken, 2025
Action taken	Records	Share of records	US share
1Loan originated	654	76.0%	50.4%
2Application approved but not accepted	1	0.1%	3.1%
3Application denied	4	0.5%	15.6%
4Application withdrawn by applicant	183	21.3%	12.6%
5File closed for incompleteness	6	0.7%	5.1%
6Purchased loan	0	0.0%	11.7%
7Preapproval request denied	0	0.0%	0.4%
8Preapproval request approved but not accepted	13	1.5%	1.1%

The denial rate is code 3 divided by codes 1, 2 and 3: the applications that the lender decided. Codes 4 and 5 are applications with no decision. Code 6 is a loan that the lender bought.

Denial reasonsFirst reason coded

The lender has fewer than 25 denials in 2025, so this page shows no reasons.

Loan types and purposesLoans of 2025

Applications of Obsidian Financial Services by loan type
Loan type	Applications	Loans originated	Denial rate
Conventional	317	228	0.9%US 23.4%
FHA-insured	488	393	0.5%US 21.8%
VA-guaranteed	40	30	0.0%US 16.2%
USDA Rural Housing Service or Farm Service Agency guaranteed	3	3	n/aUS 12.9%

Applications of Obsidian Financial Services by loan purpose
Loan purpose	Applications	Loans originated	Share of loans
Home purchase	712	572	87.5%
Home improvement	0	0	0.0%
Refinancing	66	39	6.0%
Cash-out refinancing	70	43	6.6%
Other purpose	0	0	0.0%

The denial rate of a loan type is the denied applications divided by the decided applications of that type. It is "n/a" under 25 decided applications.

States where it lends6 states with 25 applications or more

Obsidian Financial Services by state, 2025In order of the names. A state with 100 applications or more links to the lender's page for the state.
State	Applications	Loans originated	Median interest rate	Median total loan costs	Denial rate
California	118	88	6.625%	$18,579	0.0%
Florida	173	128	6.625%	$15,064	1.5%
Georgia	43	38	6.750%	$15,486	0.0%
New Jersey	26	18	n/a	n/a	n/a
Ohio	40	30	6.750%	$10,581	6.3%
Texas	294	250	6.875%	$16,737	0.0%

Counties of Obsidian Financial Services with 50 applications or more, 2025In order of the names. The list has the 1 counties with the most loans of the lender.
County	Applications	Loans originated	Amount	Denial rate
Harris County, TX	151	136	$38.3 million	0.0%

Figures by yearHMDA 2022 to 2025

Obsidian Financial Services by HMDA year"n/a" shows a year with fewer than 25 applications, or a year that this site does not process.
Year	Applications	Loans originated	Median interest rate	Median total loan costs	Denial rate	Records filed
2025	848	654	6.750%	$15,613	0.6%	861
2024	n/a	n/a	n/a	n/a	n/a	n/a
2023	n/a	n/a	n/a	n/a	n/a	n/a
2022	n/a	n/a	n/a	n/a	n/a	n/a

Records filed is the count on the lender's HMDA transmittal sheet. It includes purchased loans and requests for preapproval.

Denial rate by year: Obsidian Financial Services and the United States

Obsidian Financial ServicesUnited States

Peer lenders12 lenders

These lenders originated a count of loans close to the count of this lender, in the same states. The site compares the applications of each lender by state. The list is not a ranking.

A+ Federal Credit UnionAustin, TX
Austin Bank, Texas National AssociationJacksonville, TX
Beeline Loans, Inc.Providence, RI
Bison State BankBison, KS
CSL Financial, LLCBirmingham, AL
First BankBurkburnett, TX
Grace Home Lending, LLCHouston, TX
International Bank of CommerceLaredo, TX
North American Savings BankGrandview, MO
RE Investment Loans LLCGreenwood Village, CO
VerusWashington, DC
Watermark Capital, Inc.Irvine, CA

Official channelsLinks checked 2 Oct 2026

HMDA Data Browser (FFIEC and CFPB)The HMDA records of this lender, with a CSV download.
Submit a complaint (Consumer Financial Protection Bureau)The CFPB form for a complaint about a mortgage or a lender.

Cite this page

Page: Lender Register, "Obsidian Financial Services mortgage rates, 2025", https://lenderregister.com/lender/254900j2rkttdjsuwd76-obsidian-financial-services/
Lender: Obsidian Financial Services, LEI 254900J2RKTTDJSUWD76
Source: Federal Financial Institutions Examination Council and Consumer Financial Protection Bureau, Home Mortgage Disclosure Act data, 2025, snapshot dataset
Data date: HMDA year 2025. Page made 2 Oct 2026.

Provenance

The figures come from the public HMDA loan/application register of 2022 to 2025. The count of records filed comes from the transmittal sheets of 2025 to 2025. The FFIEC and the CFPB publish them at ffiec.cfpb.gov. The name, the head office and the agency are from the newest transmittal sheet of the LEI.

This site withholds a figure with fewer than 25 applications and a median with fewer than 20 loans. Method of the figures. Terms. Report an error.

Questions

How many loans did Obsidian Financial Services buy from other lenders in 2025?: It reported no purchased loans. HMDA counts a purchased loan apart from the applications, so the denial rate does not include it.
In which states did Obsidian Financial Services originate the most loans in 2025?: The three states with the most loans were Texas (250), Florida (128) and California (88). It had 25 applications or more in 6 states.
Which loan types did Obsidian Financial Services originate in 2025?: 228 conventional, 393 FHA, 30 VA and 3 USDA.
How many records did Obsidian Financial Services file for 2025?: Its transmittal sheet counts 861 records. The count includes purchased loans and requests for preapproval, so it is not the count of applications.