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Rocket Mortgage
HMDA reporter, headquartered in Detroit, Michigan. Record for calendar year 2024.
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.
Rocket Mortgage reported 489,603 mortgage applications under the Home Mortgage Disclosure Act for 2024 in 51 states, of which 361,071 became loans it originated, for $98bn in total.
Its denial rate, the share of decided applications the lender denied, was 18.2%, below the national rate of 24.3% and below the California rate of 24.8%. 37,829 applications were withdrawn by the applicant and 490 files were closed for incompleteness; those are not counted in the denial rate.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 0.5 percentage points (national median 0.3); 17.8% of its originations had a spread of 1.5 points or more.
By loan purpose the originations were mostly cash-out refinancing (47%) and home purchase (38%); by loan type, conventional (74%) and FHA (18%).
The largest volumes were in California (37,412 originations), Florida (29,670 originations) and Texas (24,479 originations).
Applications were up 22% on 2023.
VA lender statistics list 3,053 VA-guaranteed loans for the lender in August 2026.
Compared with California and the nation
| Measure | This lender | California, all lenders | United States |
|---|---|---|---|
| Denial rate (denied ÷ decided applications) | 18.2% | 24.8% | 24.3% |
| Median rate spread, percentage points | 0.5 | 0.4 | 0.3 |
| Originations with spread of 1.5 pp or more | 17.8% | 19.9% | 15.6% |
| Average originated loan | $270k | $566k | $329k |
| Home purchase share of originations | 38.0% | 51.2% | 57.0% |
| FHA-insured share of originations | 18.5% | 11.4% | 13.4% |
| VA-guaranteed share of originations | 7.8% | 4.8% | 7.9% |
| Applications withdrawn by applicant | 7.7% | 15.4% | 14.3% |
California 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
This lenderCaliforniaUnited States
| Year | Applications | Originations | Amount | Denial rate | Median spread | LAR records |
|---|---|---|---|---|---|---|
| 2018 | — | — | — | — | — | 554,515 |
| 2019 | — | — | — | — | — | 774,905 |
| 2020 | — | — | — | — | — | 1,503,505 |
| 2021 | — | — | — | — | — | 1,586,789 |
| 2022 | 648,364 | 464,363 | $128bn | 18.8% | 0.4 | 672,240 |
| 2023 | 399,848 | 288,558 | $76bn | 19.1% | 0.4 | 462,658 |
| 2024 | 489,603 | 361,071 | $98bn | 18.2% | 0.5 | 553,854 |
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 38% (137,372)Home improvement 1% (3,266)Refinancing 10% (34,390)Cash-out refinancing 47% (170,137)Other purpose 4% (15,906)
By type
Conventional 74% (266,170)FHA 18% (66,721)VA 8% (28,180)
| Loan type | Applications | Originations | Denied | Denial rate (of applications) |
|---|---|---|---|---|
| Conventional | 348,984 | 266,170 | 49,563 | 14.2% |
| FHA-insured | 101,448 | 66,721 | 26,429 | 26.1% |
| VA-guaranteed | 39,171 | 28,180 | 6,297 | 16.1% |
| USDA Rural Housing Service or Farm Service Agency guaranteed | 0 | 0 | 0 | — |
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 | 361,071 | 65.2% |
| 2 Application approved but not accepted | 7,924 | 1.4% |
| 3 Application denied | 82,289 | 14.9% |
| 4 Application withdrawn by applicant | 37,829 | 6.8% |
| 5 File closed for incompleteness | 490 | 0.1% |
| 6 Purchased loan | 2,867 | 0.5% |
| 7 Preapproval request denied | 4,330 | 0.8% |
| 8 Preapproval request approved but not accepted | 57,054 | 10.3% |
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
Share of the lender's 82,289 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 |
|---|---|---|---|---|---|
| California | 50,868 | 37,412 | $17bn | 17.9% | 0.4 |
| Florida | 42,401 | 29,670 | $8.1bn | 21.4% | 0.4 |
| Texas | 34,653 | 24,479 | $7.1bn | 20.5% | 0.4 |
| Georgia | 25,763 | 19,055 | $4.7bn | 17.6% | 0.4 |
| Michigan | 25,325 | 19,108 | $3.9bn | 16.9% | 0.5 |
| North Carolina | 21,324 | 16,145 | $3.9bn | 15.9% | 0.5 |
| Ohio | 19,293 | 14,225 | $2.6bn | 18.7% | 0.6 |
| Pennsylvania | 18,803 | 13,900 | $2.8bn | 18.6% | 0.5 |
| New York | 15,744 | 11,366 | $2.9bn | 20.8% | 0.6 |
| Virginia | 15,187 | 11,751 | $3.3bn | 15.0% | 0.4 |
| Arizona | 14,952 | 11,483 | $3.3bn | 15.1% | 0.4 |
| New Jersey | 13,053 | 9,743 | $2.9bn | 16.9% | 0.5 |
| Illinois | 12,919 | 9,338 | $2.0bn | 19.8% | 0.6 |
| Tennessee | 12,858 | 9,560 | $2.3bn | 17.5% | 0.4 |
| Indiana | 11,102 | 8,262 | $1.5bn | 18.3% | 0.6 |
| South Carolina | 10,761 | 8,177 | $1.8bn | 16.2% | 0.5 |
| Washington | 10,363 | 7,879 | $2.8bn | 15.9% | 0.3 |
| Maryland | 10,247 | 7,694 | $2.3bn | 17.0% | 0.4 |
| Colorado | 9,601 | 7,250 | $2.5bn | 15.7% | 0.3 |
| Missouri | 8,657 | 6,468 | $1.2bn | 18.3% | 0.6 |
| Alabama | 8,025 | 5,649 | $1.1bn | 21.4% | 0.5 |
| Massachusetts | 6,595 | 5,027 | $1.6bn | 16.5% | 0.4 |
| Kentucky | 6,261 | 4,679 | $898m | 17.9% | 0.6 |
| Minnesota | 5,956 | 4,597 | $1.1bn | 15.3% | 0.5 |
| Wisconsin | 5,669 | 4,296 | $873m | 17.1% | 0.5 |
| Oklahoma | 5,574 | 3,863 | $748m | 22.7% | 0.5 |
| Nevada | 5,482 | 4,321 | $1.1bn | 13.2% | 0.5 |
| Oregon | 4,975 | 3,723 | $1.1bn | 17.2% | 0.4 |
| Utah | 4,899 | 3,784 | $1.3bn | 15.2% | 0.3 |
| Arkansas | 4,839 | 3,464 | $679m | 20.2% | 0.5 |
| Connecticut | 4,627 | 3,526 | $904m | 17.0% | 0.6 |
| Louisiana | 4,528 | 2,946 | $561m | 27.3% | 0.6 |
| Kansas | 4,026 | 3,070 | $575m | 16.8% | 0.5 |
| Mississippi | 3,890 | 2,626 | $472m | 24.9% | 0.6 |
| New Mexico | 3,441 | 2,492 | $550m | 19.4% | 0.5 |
| Idaho | 3,426 | 2,754 | $759m | 12.9% | 0.4 |
| Iowa | 2,918 | 2,020 | $349m | 23.3% | 0.6 |
| West Virginia | 2,906 | 2,061 | $341m | 22.0% | 0.7 |
| Nebraska | 2,537 | 1,917 | $350m | 18.8% | 0.6 |
| New Hampshire | 2,227 | 1,664 | $427m | 17.4% | 0.5 |
| Maine | 2,006 | 1,472 | $320m | 19.3% | 0.6 |
| Delaware | 1,965 | 1,498 | $347m | 15.5% | 0.5 |
| Montana | 1,403 | 1,066 | $267m | 15.6% | 0.5 |
| Hawaii | 1,378 | 979 | $486m | 22.0% | 0.2 |
| Wyoming | 1,259 | 952 | $224m | 17.0% | 0.4 |
| Rhode Island | 1,134 | 862 | $222m | 17.5% | 0.5 |
| Vermont | 928 | 706 | $158m | 16.9% | 0.6 |
| Alaska | 866 | 631 | $163m | 19.5% | 0.5 |
| South Dakota | 777 | 602 | $121m | 15.4% | 0.5 |
| North Dakota | 664 | 470 | $100m | 21.7% | 0.6 |
| District of Columbia | 547 | 389 | $148m | 20.8% | 0.4 |
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 |
|---|---|---|---|---|---|
| Los Angeles County | CA | 9,881 | 7,009 | $3.8bn | 20.6% |
| Maricopa County | AZ | 8,898 | 6,958 | $2.2bn | 13.9% |
| Wayne County | MI | 5,655 | 4,193 | $788m | 18.7% |
| Harris County | TX | 5,164 | 3,677 | $997m | 20.4% |
| Riverside County | CA | 4,563 | 3,345 | $1.3bn | 18.0% |
| San Diego County | CA | 4,514 | 3,301 | $1.7bn | 17.2% |
| Oakland County | MI | 4,198 | 3,267 | $884m | 13.2% |
| Cook County | IL | 4,518 | 3,093 | $740m | 23.1% |
| Clark County | NV | 3,882 | 3,037 | $800m | 13.7% |
| Orange County | CA | 3,717 | 2,744 | $1.7bn | 17.6% |
| San Bernardino County | CA | 3,349 | 2,426 | $802m | 19.6% |
| Broward County | FL | 3,371 | 2,239 | $736m | 26.2% |
| Macomb County | MI | 2,826 | 2,204 | $453m | 14.3% |
| Sacramento County | CA | 2,848 | 2,154 | $768m | 15.9% |
| Tarrant County | TX | 2,773 | 2,021 | $566m | 18.2% |
| Miami-Dade County | FL | 3,176 | 1,986 | $708m | 30.8% |
| Mecklenburg County | NC | 2,422 | 1,891 | $552m | 13.8% |
| King County | WA | 2,362 | 1,818 | $901m | 15.2% |
| Hillsborough County | FL | 2,560 | 1,812 | $515m | 20.6% |
| Dallas County | TX | 2,527 | 1,742 | $535m | 22.6% |
| Palm Beach County | FL | 2,524 | 1,733 | $527m | 23.3% |
| Gwinnett County | GA | 2,346 | 1,723 | $486m | 17.5% |
| Cuyahoga County | OH | 2,109 | 1,576 | $281m | 18.6% |
| Alameda County | CA | 2,048 | 1,570 | $983m | 15.5% |
| Wake County | NC | 2,005 | 1,541 | $474m | 13.2% |
| Fulton County | GA | 2,113 | 1,489 | $441m | 20.9% |
| Contra Costa County | CA | 1,949 | 1,479 | $776m | 15.6% |
| Orange County | FL | 2,074 | 1,475 | $419m | 20.1% |
| Lee County | FL | 2,059 | 1,423 | $390m | 22.0% |
| Bexar County | TX | 2,027 | 1,418 | $372m | 21.2% |
Up to 30 counties with at least 50 applications, by originations.
VA-guaranteed loans by month
All VA loansPurchase
| Month | All | Purchase | Cash-out | IRRRL |
|---|---|---|---|---|
| Aug 2026 | 3,053 | 1,102 | 1,511 | 440 |
| Jul 2026 | 3,217 | 1,254 | 1,389 | 574 |
| Jun 2026 | 4,934 | 1,369 | 1,756 | 1,809 |
| May 2026 | 2,588 | 689 | 1,039 | 860 |
| Apr 2026 | 3,361 | 586 | 878 | 1,897 |
| Mar 2026 | 2,951 | 470 | 816 | 1,665 |
| Feb 2026 | 2,784 | 487 | 927 | 1,370 |
| Jan 2026 | 3,665 | 651 | 1,376 | 1,638 |
| Dec 2025 | 5,151 | 929 | 1,502 | 2,720 |
| Nov 2025 | 2,549 | 390 | 684 | 1,475 |
| Oct 2025 | 4,324 | 797 | 1,133 | 2,394 |
| Sep 2025 | 2,950 | 864 | 1,002 | 1,084 |
Fiscal-year totals (VA): FY2018 7,414,852,639 · FY2019 9,734,477,806 · FY2020 26,729,832,959 · FY2021 35,470,306,886 · FY2022 16,747,238,207 · FY2023 7,538,636,306 · FY2024 8,021,297,292 · FY2025 11,523,741,040. Matched to the VA lender name "ROCKET MORTGAGE, LLC"; VA counts loans by guarantee date, HMDA by application year, so the two series differ.
Questions and answers
How many mortgages did Rocket Mortgage originate in 2024?
361,071 loans totalling $98bn, from 489,603 applications reported under HMDA. It also purchased 2,867 loans from other institutions, which are counted separately.
What is Rocket Mortgage's denial rate and how does it compare?
18.2% of decided applications were denied in 2024, against 24.3% nationally and 24.8% in California. 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 Rocket Mortgage lend in most?
By originations: Los Angeles County, CA (7,009), Maricopa County, AZ (6,958), Wayne County, MI (4,193), Harris County, TX (3,677) and Riverside County, CA (3,345).
What loan types does Rocket Mortgage make?
Conventional 266,170, FHA 66,721, VA 28,180 and USDA 0 originations in 2024; by purpose, home purchase 137,372, home improvement 3,266, refinancing 34,390, cash-out refinancing 170,137 and other purpose 15,906.
What reasons did Rocket Mortgage report for denials?
The first denial reason recorded most often was collateral (33,927), debt-to-income ratio (17,623) and credit application incomplete (14,440), 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.