Nations Lending Corporation: mortgage applications, originations and denial rate, 2024

Lenders › Nations Lending Corporation

HMDA data alone cannot be used 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. Figures are from the 2024 public HMDA loan/application register; cells under 25 applications are withheld.

In 2024, Nations Lending Corporation filed HMDA records for 8,322 applications and 6,504 originations in 36 states, worth $1.9bn.

Its denial rate, the share of decided applications the lender denied, was 5.6%, below the national rate of 24.3% and below the Arizona rate of 22.2%. 449 applications were withdrawn by the applicant and 17 files were closed for incompleteness; those are not counted in the denial rate.

The median rate spread on its originated loans, the difference between the loan's APR and the average prime offer rate, was 0.4 percentage points (national median 0.3); 5.7% of its originations had a spread of 1.5 points or more.

By loan purpose the originations were mostly home purchase (73%) and cash-out refinancing (17%); by loan type, conventional (56%) and FHA (31%).

The largest volumes were in Arizona (606 originations), Wisconsin (694 originations) and Texas (565 originations).

Applications were down 15% on 2023.

VA lender statistics list 59 VA-guaranteed loans for the lender in August 2026.

8,322applications, 20240 purchased loans, counted separately

6,504loans originated$1.9bn in total

5.6%denial rateUS 24.3% · AZ 22.2%

0.4 ppmedian rate spread on originationsUS 0.3 pp

Compared with Arizona and the nation

Measure	This lender	Arizona, all lenders	United States
Denial rate (denied ÷ decided applications)	5.6%	22.2%	24.3%
Median rate spread, percentage points	0.4	0.3	0.3
Originations with spread of 1.5 pp or more	5.7%	16.7%	15.6%
Average originated loan	$293k	$353k	$329k
Home purchase share of originations	72.6%	55.6%	57.0%
FHA-insured share of originations	31.0%	17.9%	13.4%
VA-guaranteed share of originations	11.3%	9.6%	7.9%
Applications withdrawn by applicant	5.4%	15.0%	14.3%

Arizona is the lender's largest state by applications. State and national columns cover every HMDA reporter. Rate spread is reported on originated loans only.

Trend by year

ApplicationsOriginations

Applications and originations reported by Nations Lending Corporation, 2022–2024

This lenderArizonaUnited States

Denial rate by year, with Arizona and US rates dashed

Loan/application register records filed by Nations Lending Corporation each year, 2018–2024 (HMDA transmittal sheets; includes purchased loans and preapproval requests)

Year	Applications	Originations	Amount	Denial rate	Median spread	LAR records
2018	—	—	—	—	—	11,127
2019	—	—	—	—	—	13,245
2020	—	—	—	—	—	23,808
2021	—	—	—	—	—	26,509
2022	17,920	11,923	$2.9bn	5.9%	0.9	17,920
2023	9,828	7,583	$2.1bn	5.7%	0.5	9,845
2024	8,322	6,504	$1.9bn	5.6%	0.4	8,322

Applications, originations and rates are computed from the public LAR for 2022, 2023, 2024; LAR record counts come from each year's transmittal sheet.

Loan purpose and loan type

By purpose

Home purchase 73% (4,724)Refinancing 10% (639)Cash-out refinancing 17% (1,136)Other purpose 0% (5)

By type

Conventional 56% (3,646)FHA 31% (2,018)VA 11% (738)USDA 2% (102)

Loan type	Applications	Originations	Denied	Denial rate (of applications)
Conventional	4,411	3,646	105	2.4%
FHA-insured	2,798	2,018	274	9.8%
VA-guaranteed	981	738	59	6.0%
USDA Rural Housing Service or Farm Service Agency guaranteed	132	102	5	3.8%

Shares are of originated loans. The per-type denial rate here divides denials by all applications of that type, because decided counts are not kept per type.

Action taken

HMDA action taken	Records	Share
1 Loan originated	6,504	78.2%
2 Application approved but not accepted	909	10.9%
3 Application denied	443	5.3%
4 Application withdrawn by applicant	449	5.4%
5 File closed for incompleteness	17	0.2%
6 Purchased loan	0	0.0%
7 Preapproval request denied	0	0.0%
8 Preapproval request approved but not accepted	0	0.0%

Codes and labels are the HMDA action-taken codes. Applications are codes 1–5; the denial rate divides code 3 by codes 1–3.

Denial reasons as coded

Credit history44.2%

Collateral26.2%

Debt-to-income ratio12.4%

Credit application incomplete6.1%

Insufficient cash (downpayment, closing costs)4.5%

Employment history4.1%

Unverifiable information1.8%

Other0.7%

Mortgage insurance denied0%

Share of the lender's 443 denials by the first denial reason it coded (outlined bar: all lenders nationally). Lenders may record up to four reasons; only the first is counted here.

States

State	Applications	Originations	Amount	Denial rate	Median spread
Arizona	806	606	$266m	2.5%	0.2
Wisconsin	801	694	$176m	3.4%	0.4
Texas	688	565	$167m	2.5%	0.4
Ohio	688	571	$129m	5.0%	0.6
Florida	454	282	$79m	11.4%	0.6
Oregon	350	289	$101m	2.1%	0.2
Missouri	337	263	$62m	3.7%	0.5
New Jersey	316	244	$95m	6.6%	0.5
Mississippi	310	263	$56m	0.3%	0.4
Illinois	310	231	$66m	7.7%	0.5
California	298	237	$98m	5.3%	0.4
Minnesota	284	237	$47m	4.0%	0.4
Indiana	276	215	$50m	7.8%	0.6
Tennessee	213	163	$42m	9.2%	0.4
Nevada	201	171	$67m	3.7%	0.2
North Carolina	163	120	$28m	10.5%	0.3
Virginia	149	104	$30m	7.3%	0.3
Georgia	148	98	$24m	15.6%	0.5
New Mexico	143	119	$53m	2.9%	0.4
Louisiana	111	81	$15m	9.3%	0.7
Arkansas	108	90	$16m	2.0%	0.3
Pennsylvania	103	78	$16m	10.3%	0.4
Alabama	95	67	$16m	9.9%	0.7
Massachusetts	94	78	$29m	6.6%	0.5
Maryland	92	63	$20m	9.4%	0.3
North Dakota	91	87	$21m	1.1%	-0.1
South Carolina	90	63	$15m	13.3%	0.2
Delaware	84	70	$23m	2.5%	0.4
Colorado	81	63	$22m	9.1%	0.4
Kentucky	66	42	$8.5m	14.3%	0.4
Michigan	65	36	$6.7m	23.7%	0.6
Washington	60	36	$13m	12.2%	0.3
West Virginia	40	27	$6.6m	10.8%	0.4
Oklahoma	32	21	$4.6m	11.1%	—
Idaho	29	22	$6.3m	11.1%	—
New York	27	19	$8.2m	15.4%	—

States with at least 25 applications. States with 100 or more link to the lender's page for that state.

Counties

County	State	Applications	Originations	Amount	Denial rate
Maricopa County	AZ	561	413	$210m	2.2%
Clark County	NV	182	156	$62m	3.0%
DeSoto County	MS	158	143	$37m	0.0%
Harris County	TX	157	140	$40m	0.6%
Cuyahoga County	OH	170	138	$28m	3.7%
Josephine County	OR	158	131	$46m	0.0%
Cook County	IL	147	108	$32m	9.6%
Brown County	WI	105	98	$28m	2.0%
Jackson County	OR	112	96	$35m	0.9%
St. Charles County	MO	107	92	$25m	1.9%
Kern County	CA	103	87	$26m	3.0%
Allen County	IN	95	83	$22m	3.3%
Summit County	OH	91	83	$20m	4.4%
Outagamie County	WI	86	80	$18m	1.2%
Santa Fe County	NM	89	75	$41m	1.1%
Hidalgo County	TX	90	66	$16m	1.3%
Stark County	OH	73	66	$15m	4.1%
St. Louis County	MO	87	65	$15m	3.6%
Winnebago County	WI	72	65	$14m	0.0%
Milwaukee County	WI	73	64	$17m	4.3%
Montgomery County	TX	68	63	$25m	0.0%
Pima County	AZ	70	58	$16m	1.5%
Dane County	WI	60	54	$19m	0.0%
Pinal County	AZ	70	53	$19m	1.5%
Yavapai County	AZ	57	46	$13m	1.8%
Wood County	WI	53	42	$6.6m	4.3%
Orange County	FL	50	34	$12m	9.1%

Up to 30 counties with at least 50 applications, by originations.

VA-guaranteed loans by month

All VA loansPurchase

Loans guaranteed by VA for NATIONS LENDING CORPORATION, Sep 2024 to Aug 2026 (VA lender statistics, national)

Month	All	Purchase	Cash-out	IRRRL
Aug 2026	59	40	13	6
Jul 2026	61	42	11	8
Jun 2026	67	41	21	5
May 2026	62	32	14	16
Apr 2026	70	46	10	14
Mar 2026	77	41	15	21
Feb 2026	54	16	8	30
Jan 2026	48	19	14	15
Dec 2025	83	31	21	31
Nov 2025	63	29	19	15
Oct 2025	78	36	14	28
Sep 2025	71	39	21	11

Fiscal-year totals (VA): FY2018 284,394,764 · FY2019 248,610,530 · FY2020 519,732,864 · FY2021 541,027,467 · FY2022 354,568,489 · FY2023 281,193,929 · FY2024 256,424,892 · FY2025 244,393,191. Matched to the VA lender name "NATIONS LENDING CORPORATION"; VA counts loans by guarantee date, HMDA by application year, so the two series differ.

Questions and answers

How many mortgages did Nations Lending Corporation originate in 2024?

6,504 loans totalling $1.9bn, from 8,322 applications reported under HMDA. It also purchased 0 loans from other institutions, which are counted separately.

What is Nations Lending Corporation's denial rate and how does it compare?

5.6% of decided applications were denied in 2024, against 24.3% nationally and 22.2% in Arizona. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws; the data do not include some legitimate credit risk considerations.

Which counties does Nations Lending Corporation lend in most?

By originations: Maricopa County, AZ (413), Clark County, NV (156), DeSoto County, MS (143), Harris County, TX (140) and Cuyahoga County, OH (138).

What loan types does Nations Lending Corporation make?

Conventional 3,646, FHA 2,018, VA 738 and USDA 102 originations in 2024; by purpose, home purchase 4,724, home improvement 0, refinancing 639, cash-out refinancing 1,136 and other purpose 5.

What reasons did Nations Lending Corporation report for denials?

The first denial reason recorded most often was credit history (196), collateral (116) and debt-to-income ratio (55), as coded by the lender in its HMDA filing.

Where does this data come from?

From the 2024 public HMDA loan/application register published by the FFIEC and CFPB, with the lender's name from its HMDA transmittal sheet and VA loan volume from the Department of Veterans Affairs lender statistics. Cells under 25 applications are withheld.

Provenance

Source: Home Mortgage Disclosure Act public loan/application register for 2024 (trend years 2022, 2023, 2024) and transmittal sheets 2018–2024, published by the FFIEC and CFPB at ffiec.cfpb.gov, public domain; VA lender statistics from the Department of Veterans Affairs. Lender identity is the LEI and name on its transmittal sheet. This site was built 30 Sep 2026. Errors in processing are corrected at the next build; see corrections. Data through 1 Aug 2026.