Loan purposes › Other purpose
Other purpose loans
Other purpose covers dwelling-secured loans that are not purchase, improvement or refinancing, such as some home equity lines. HMDA loan purpose code 4.
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.
National trend, 2018–2024
Share of all originationsDenials ÷ applications
By state, 2024
| State | Applications | Originations | Share of state originations | Denials ÷ applications |
|---|---|---|---|---|
| California | 134,278 | 52,330 | 10.2% | 35.5% |
| Florida | 119,585 | 42,031 | 8.8% | 39.6% |
| Pennsylvania | 62,175 | 29,833 | 12.1% | 32.9% |
| Ohio | 59,522 | 27,971 | 11.4% | 33.5% |
| North Carolina | 56,117 | 25,987 | 10.1% | 34.0% |
| Texas | 77,315 | 25,024 | 5.1% | 43.1% |
| Michigan | 48,519 | 23,212 | 11.3% | 31.7% |
| New York | 48,520 | 21,093 | 10.1% | 37.4% |
| Georgia | 49,130 | 20,163 | 8.9% | 38.4% |
| Virginia | 42,390 | 18,863 | 10.3% | 33.6% |
| Arizona | 42,119 | 18,509 | 11.0% | 33.8% |
| Wisconsin | 31,114 | 18,506 | 13.5% | 24.7% |
| Illinois | 44,648 | 17,784 | 8.6% | 36.9% |
| New Jersey | 44,146 | 17,420 | 11.1% | 35.9% |
| Colorado | 36,137 | 16,958 | 11.8% | 31.4% |
| Indiana | 32,863 | 16,938 | 10.4% | 32.1% |
| Washington | 34,995 | 16,070 | 10.5% | 35.8% |
| Tennessee | 30,782 | 14,623 | 9.1% | 32.3% |
| Massachusetts | 25,817 | 12,058 | 10.1% | 33.4% |
| Minnesota | 22,640 | 11,367 | 10.1% | 29.6% |
| Maryland | 27,220 | 11,320 | 9.7% | 38.0% |
| Missouri | 23,767 | 11,057 | 8.4% | 34.4% |
| Utah | 20,480 | 10,729 | 12.3% | 30.0% |
| South Carolina | 22,729 | 10,216 | 8.0% | 34.5% |
| Alabama | 21,147 | 9,747 | 9.3% | 34.9% |
| Kentucky | 17,626 | 8,867 | 10.0% | 31.1% |
| Oregon | 19,175 | 8,794 | 11.3% | 31.6% |
| Iowa | 13,633 | 8,068 | 11.9% | 21.8% |
| Connecticut | 16,656 | 7,779 | 11.6% | 32.6% |
| Nevada | 15,810 | 6,324 | 9.5% | 39.1% |
| Arkansas | 11,991 | 5,489 | 9.3% | 33.8% |
| Oklahoma | 12,632 | 5,465 | 7.5% | 34.1% |
| Mississippi | 10,631 | 4,743 | 9.6% | 36.6% |
| Kansas | 9,343 | 4,399 | 8.1% | 32.3% |
| Louisiana | 10,827 | 4,161 | 6.7% | 39.1% |
| New Hampshire | 8,426 | 4,078 | 13.5% | 31.4% |
| Idaho | 8,085 | 4,003 | 8.4% | 30.4% |
| Maine | 6,976 | 3,630 | 11.4% | 27.8% |
| Nebraska | 7,332 | 3,527 | 9.2% | 29.8% |
| New Mexico | 7,185 | 3,161 | 8.6% | 32.4% |
| Rhode Island | 5,879 | 2,718 | 12.0% | 35.8% |
| Delaware | 5,245 | 2,254 | 9.3% | 37.5% |
| West Virginia | 4,838 | 2,189 | 8.1% | 36.9% |
| Montana | 3,867 | 1,836 | 9.4% | 31.0% |
| Hawaii | 4,432 | 1,616 | 10.0% | 44.0% |
| Vermont | 2,297 | 1,320 | 11.2% | 24.9% |
| North Dakota | 2,073 | 1,166 | 8.9% | 24.3% |
| South Dakota | 2,522 | 1,142 | 7.2% | 27.7% |
| Wyoming | 2,162 | 1,008 | 8.9% | 29.3% |
| Alaska | 2,001 | 766 | 7.2% | 36.7% |
| District of Columbia | 1,394 | 474 | 5.6% | 42.7% |
| Puerto Rico | 508 | 219 | 1.7% | 25.0% |
Most active lenders, 2024
| # | Lender | Other purpose applications | Other purpose originations | Share of lender's originations | Lender denial rate, all purposes |
|---|---|---|---|---|---|
| 1 | Figure Lending LLC | 47,906 | 22,580 | 66.2% | 29.8% |
| 2 | Navy Federal Credit Union | 51,129 | 21,021 | 25.6% | 34.3% |
| 3 | Spring Eq, LLC | 63,542 | 17,949 | 57.6% | 64.0% |
| 4 | Discover Bank | 116,122 | 16,248 | 46.8% | 76.0% |
| 5 | Rocket Mortgage | 23,823 | 15,906 | 4.4% | 18.2% |
| 6 | Bank of America NA | 50,006 | 14,314 | 17.2% | 48.1% |
| 7 | Nationstar Mortgage | 20,875 | 13,542 | 32.5% | 19.1% |
| 8 | Loandepot.com, LLC | 34,332 | 13,472 | 17.0% | 29.1% |
| 9 | CBNA Year to Date | 26,877 | 13,436 | 24.3% | 35.2% |
| 10 | Us Bank, N.A. | 42,430 | 12,719 | 17.1% | 41.5% |
| 11 | PNC Bank N.A. | 31,299 | 12,547 | 22.1% | 35.4% |
| 12 | Pennymac Loan Services LLC | 28,168 | 11,819 | 17.6% | 20.6% |
| 13 | Coastal Community Bank | 38,300 | 8,964 | 59.4% | 2.5% |
| 14 | Huntington National Bank | 19,757 | 8,488 | 16.3% | 34.6% |
| 15 | Truist Bank | 24,189 | 7,819 | 21.8% | 46.3% |
| 16 | Third Federal Savings and Loan | 17,362 | 7,506 | 34.2% | 41.8% |
| 17 | Regions Bank | 18,762 | 6,299 | 21.5% | 45.8% |
| 18 | Fifth Third Bank, National Association | 12,171 | 5,639 | 18.5% | 32.7% |
| 19 | Lendage, LLC DBA Achieve Loans | 7,952 | 5,619 | 67.4% | 16.5% |
| 20 | TD Bank | 11,653 | 5,034 | 20.3% | 36.8% |
| 21 | State Employees' Credit Union | 8,953 | 4,966 | 17.7% | 27.9% |
| 22 | America First Federal Credit Union | 6,514 | 4,556 | 28.5% | 20.6% |
| 23 | HomeBridge Financial Services, Inc | 6,518 | 3,724 | 32.0% | 27.8% |
| 24 | RCN Capital, LLC | 5,619 | 3,589 | 44.7% | 20.1% |
| 25 | First Ciitizens Bank and Trust | 5,285 | 3,442 | 22.7% | 23.5% |
| 26 | BMO Harris Bank NA | 10,001 | 3,350 | 18.4% | 40.0% |
| 27 | The Loan Store, Inc | 6,927 | 3,201 | 13.6% | 13.9% |
| 28 | Finance of America Reverse LLC | 4,329 | 3,113 | 36.0% | 10.8% |
| 29 | Cadence Bank | 5,313 | 3,054 | 23.8% | 21.0% |
| 30 | Zions Bancorporation, N.A. | 5,981 | 2,995 | 31.5% | 33.1% |
| 31 | Desert Financial Credit Union | 5,416 | 2,985 | 34.1% | 31.3% |
| 32 | JPMorgan Chase Bank, NA | 5,313 | 2,938 | 3.6% | 12.8% |
| 33 | Schoolsfirst FCU | 4,384 | 2,889 | 23.3% | 13.5% |
| 34 | Boeing Employees' Credit Union | 5,025 | 2,834 | 21.6% | 27.7% |
| 35 | Suncoast Credit Union | 4,731 | 2,808 | 39.5% | 28.9% |
| 36 | M&T Bank | 5,508 | 2,722 | 13.1% | 34.1% |
| 37 | Lakeview Loan Servicing, LLC | 12,816 | 2,405 | 22.8% | 58.9% |
| 38 | ESL Federal Credit Union | 3,432 | 2,343 | 42.2% | 19.6% |
| 39 | Pa State Employees CU | 3,570 | 2,327 | 40.8% | 17.7% |
| 40 | New American Funding, LLC. | 6,197 | 2,306 | 4.7% | 20.9% |
| 41 | Security Service | 4,523 | 2,302 | 56.0% | 31.8% |
| 42 | Mutual of Omaha Mortgage | 5,038 | 2,299 | 11.5% | 25.2% |
| 43 | Summit Credit Union | 3,207 | 2,280 | 23.0% | 14.0% |
| 44 | Veridian Credit Union | 3,766 | 2,194 | 29.0% | 14.8% |
| 45 | Morgan Stanley Private Bank NA | 2,745 | 2,122 | 19.8% | 4.4% |
| 46 | Alliant Credit Union | 3,778 | 2,111 | 32.0% | 34.6% |
| 47 | Ent Credit Union (68671) | 3,582 | 2,097 | 26.7% | 23.2% |
| 48 | Crosscountry Mortgage, LLC | 7,804 | 2,093 | 2.1% | 3.5% |
| 49 | Bethpage Federal Credit Union | 6,089 | 2,060 | 22.7% | 50.2% |
| 50 | Guaranteed Rate, Inc. | 4,657 | 2,006 | 3.2% | 9.0% |
Lenders ranked by originations for this purpose. Lists are by volume only; this site does not rate or recommend lenders.
Questions and answers
How many other purpose loans were originated in 2024?
599,476 originations nationally, 9.7% of all HMDA-reported originations, from 1,373,005 applications.
What is the denial rate for other purpose applications?
34.9% of applications for this purpose were denied in 2024 (denials over all applications, since decisions are not broken out by purpose in the Data Browser series).
Which lenders originate the most other purpose loans?
Figure Lending LLC (22,580), Navy Federal Credit Union (21,021), Spring Eq, LLC (17,949), Discover Bank (16,248), Rocket Mortgage (15,906).
Provenance
Source: HMDA Data Browser aggregations by loan purpose 2018–2024 and the 2024 public LAR (FFIEC and CFPB, public domain). Built 30 Sep 2026. Median rate spread nationally: 0.3 pp.