RateLedger
US mortgage lending data, denial rates and rates — by state, from the source.
RateLedger is a free, answer-first reference for US mortgage lending data, built from the public HMDA Data Browser (2023 reporting year). There is a page for each of the 51 states and DC with its total loan originations, its mortgage denial rate, home-purchase vs refinance trends, and the FHA/VA/conventional loan-type mix. Nationally in 2023, lenders originated about 4.52M purchase and refinance loans and denied roughly 1.10M, a denial rate near 19.6%. The current Freddie Mac PMMS 30-year fixed average is 6.47% (as of June 18, 2026). This is informational data, not lending advice.
Source: HMDA Data Browser (FFIEC / CFPB). Data as of June 2026.
Popular states
19.1% denial rate · 336k loans
Texas23.1% denial rate · 422k loans
Florida23.6% denial rate · 385k loans
New York18.3% denial rate · 154k loans
Georgia22.4% denial rate · 173k loans
North Carolina19.6% denial rate · 189k loans
What you can look up
- State lending profiles — a page for every state with origination volume, denial rate, purchase vs refinance, and the loan-type mix.
- Denial-rate rankings — the highest and lowest mortgage denial rates by state, plus most loans and highest FHA/VA share.
- Current mortgage rates — the dated Freddie Mac PMMS national snapshot for 30- and 15-year fixed loans.
- Mortgage calculator — a transparent payment & affordability calculator seeded with today's average rate.
- Plain-English guides — what HMDA is, plus FHA vs VA vs conventional, why loans get denied and rate spread.
Highest denial rates
- Louisiana — 30.3%
- Mississippi — 29.8%
- West Virginia — 25.1%
- New Mexico — 24.6%
- Alabama — 24.4%
Lowest denial rates
- North Dakota — 11.5%
- Nebraska — 12.1%
- Minnesota — 12.2%
- South Dakota — 12.6%
- Iowa — 12.7%
Most loan originations
- Texas — 421,653
- Florida — 384,863
- California — 335,898
- North Carolina — 188,875
- Georgia — 172,815
Guides & analysis
Louisiana, Mississippi and West Virginia had the highest mortgage denial rates in the latest HMDA data — here's the full picture and why denial rates vary so much by state.
2026-06-20 FHA vs conventional vs VA loans: the dataConventional loans were about 80% of US mortgage originations in 2023, FHA 13% and VA 7%. Here's how the three programs differ and where each is most common.
2026-06-19 How HMDA data works and what it can tell youHMDA is the public US dataset behind every mortgage-lending statistic by state. Here's what it records, who publishes it, and the questions it can — and can't — answer.
2026-06-18 Current mortgage rates 2026: what to expectThe Freddie Mac 30-year fixed averaged 6.47% in mid-June 2026, down from 6.81% a year earlier. Here's where rates sit, why, and what it means for buyers.
2026-06-17 Why mortgage applications get deniedDebt-to-income, credit history and insufficient collateral are the leading reasons lenders deny mortgages. Here's what each means and how to reduce the risk.
2026-06-16 Home purchase vs refinance lending trendsRefinances made up just 24% of US mortgage originations in 2023 as rates stayed high. Here's the purchase-vs-refinance split and what it signals.
2026-06-15Where the data comes from
State lending figures are real loan counts from the HMDA Data Browser (FFIEC / CFPB, 2023 reporting year, public domain). Denial rates and loan-type shares are transparent calculations over those counts — see the methodology. National average rates are the Freddie Mac PMMS, captured as a dated weekly snapshot. RateLedger is informational only and is not financial or lending advice; verify with a licensed lender before acting.
Last updated: 2026-06-20