Lower, LLC: 2025 mortgage rates, costs & approvals
How Lower, LLC priced and approved home loans in 2025, measured against every lender in the official HMDA records.
HMDA legal name: LOWER, LLC · LEI 549300RN01LBYR8ZVX74
In 2025, Lower, LLC originated 14,925 home-purchase, refinance and cash-out loans on owner-occupied single-family homes in 47 states — 34th by volume among the 2,017 lenders profiled here.
On conventional 30-year fixed purchase loans its median rate was 6.625% (all lenders: 6.625%); its median rate spread was 15 basis points above the national median. Median conventional loan costs were $6,270, 13% higher than the national median ($5,570).
It denied 6.7% of completed home-purchase applications (all lenders: 8.5%).
How Lower, LLC priced home-purchase loans
| Purchase loans, 2025 | Lower, LLC | All lenders |
|---|---|---|
| 30-year fixed rate · conventional | 6.625% | 6.625% |
| 30-year fixed rate · FHA | 6.375% | 6.250% |
| 30-year fixed rate · VA | 6.250% | 6.125% |
| 15-year fixed rate · conventional | 5.875% | 5.875% |
| Rate spread vs. APOR · conventional | +0.28 pts | +0.13 pts |
| Total loan costs · conventional | $6,270 | $5,570 |
| Total loan costs · FHA | $11,690 | $11,310 |
| Total loan costs · VA | $7,650 | $6,490 |
| Origination charges (all types) | $2,520 | $1,860 |
| Borrowers paying discount points | 53.4% | 51.3% |
| Points paid, when paid (% of loan) | 0.81% | 0.87% |
| Borrowers receiving lender credits | 42.3% | 33.1% |
Medians shown with at least 20 loans. A lender's numbers reflect its borrowers (credit, down payment, loan size, location) as well as its pricing; HMDA has no credit scores. Rate spread = APR minus the average prime offer rate on the lock date, which removes most of the effect of when the rate was locked.
Loan mix and borrowers
By loan type
By purpose
Why Lower, LLC denied purchase applications
First reason the lender reported for each denied home-purchase application.
Where Lower, LLC lends
| State | Loans | Applications | Purchase denial rate | 30-yr rate* | Loan costs* |
|---|---|---|---|---|---|
| Texas | 1,577 | 1,732 | 6.1% | 6.500% | $8,340 |
| Ohio | 1,373 | 1,552 | 5.0% | 6.750% | $5,800 |
| Florida | 1,325 | 1,594 | 10.0% | 6.625% | $6,850 |
| South Carolina | 1,162 | 1,296 | 5.0% | 6.750% | $6,320 |
| Illinois | 1,071 | 1,222 | 5.5% | 6.875% | $6,060 |
| Colorado | 951 | 1,038 | 6.7% | 6.625% | $7,210 |
| North Carolina | 801 | 907 | 3.7% | 6.624% | $5,450 |
| Georgia | 683 | 876 | 11.5% | 6.625% | $7,110 |
| Virginia | 547 | 644 | 4.9% | 6.625% | $6,140 |
| Maryland | 535 | 637 | 9.6% | 6.625% | $7,400 |
| Iowa | 461 | 497 | 4.3% | 6.750% | $2,820 |
| Kentucky | 398 | 462 | 5.7% | 6.750% | $4,980 |
| Indiana | 394 | 462 | 5.9% | 6.875% | $3,490 |
| Louisiana | 343 | 381 | 5.6% | 6.690% | $5,390 |
| Minnesota | 333 | 360 | 3.4% | 6.500% | $5,230 |
| Tennessee | 268 | 342 | 9.8% | 6.750% | $7,110 |
| Arizona | 236 | 278 | 10.8% | 6.625% | $7,850 |
| Washington | 224 | 276 | 4.3% | 6.625% | $8,240 |
| New Jersey | 186 | 261 | 13.6% | 6.624% | $11,400 |
| Montana | 180 | 200 | 5.0% | 6.624% | $6,500 |
| California | 175 | 254 | 11.5% | 6.625% | $9,130 |
| Missouri | 168 | 229 | 8.9% | 6.750% | $4,040 |
| Pennsylvania | 167 | 242 | 9.8% | 6.625% | $8,080 |
| Wisconsin | 163 | 201 | 4.5% | 6.625% | $4,230 |
| Michigan | 120 | 161 | 6.3% | 6.750% | $4,270 |
| Arkansas | 114 | 131 | 1.1% | 6.500% | $4,020 |
| Utah | 111 | 117 | 4.0% | 6.625% | $6,890 |
| Alabama | 110 | 144 | 9.5% | 6.500% | $4,640 |
| Oregon | 78 | 92 | 4.2% | 6.625% | $6,440 |
| Massachusetts | 76 | 122 | 6.9% | 6.500% | $8,630 |
| Nevada | 70 | 77 | 7.6% | 6.750% | $6,820 |
| District of Columbia | 59 | 62 | 4.0% | 6.375% | $9,960 |
| Delaware | 56 | 86 | 20.0% | — | — |
| Oklahoma | 56 | 69 | 7.1% | — | — |
| Kansas | 54 | 73 | 3.7% | — | — |
| Connecticut | 51 | 79 | 4.3% | — | — |
| Idaho | 49 | 68 | 0.0% | 6.500% | $6,750 |
| West Virginia | 42 | 58 | 6.7% | — | — |
| Nebraska | 41 | 53 | 13.2% | — | — |
| New Hampshire | 38 | 46 | 3.1% | 6.625% | $4,660 |
| New Mexico | 20 | 29 | — | — | — |
| Wyoming | 17 | 25 | — | — | — |
| Maine | 15 | 26 | — | — | — |
| Mississippi | 14 | 39 | — | — | — |
| South Dakota | 8 | 11 | — | — | — |
| North Dakota | 3 | 3 | — | — | — |
| Rhode Island | 2 | 2 | — | — | — |
*Conventional home-purchase loans, medians with at least 20 loans. Linked state names open Lower, LLC's page for that state.
Counties where Lower, LLC is a top lender
| County | Rank | Loans | Market share |
|---|---|---|---|
| Petroleum County, MT | 1 | 1 | 100.0% |
| DeSoto County, FL | 1 | 49 | 21.8% |
| Prowers County, CO | 3 | 14 | 16.7% |
| Baca County, CO | 2 | 2 | 15.4% |
| Jackson County, CO | 2 | 2 | 15.4% |
| McCormick County, SC | 1 | 19 | 15.1% |
| Roger Mills County, OK | 4 | 1 | 12.5% |
| Owsley County, KY | 5 | 1 | 11.1% |
| Hardee County, FL | 2 | 16 | 10.3% |
| Chattahoochee County, GA | 4 | 2 | 10.0% |
| Macon County, IL | 3 | 93 | 7.4% |
| Fergus County, MT | 5 | 8 | 7.3% |
| Judith Basin County, MT | 9 | 1 | 7.1% |
| Scott County, IA | 4 | 187 | 6.7% |
| Howard County, TX | 4 | 18 | 6.3% |
Check Lower, LLC yourself
- FFIEC HMDA Data Browser — the official 2025 records filed under LEI 549300RN01LBYR8ZVX74.
- NMLS Consumer Access — confirm the company and loan officer are licensed in your state.
- CFPB Consumer Complaint Database — search complaints by company name.
- Compare your Loan Estimate from Lower, LLC with similar 2025 loans.
This is a statistical profile, not a review or recommendation. HMDA data alone cannot show whether a lender complies with fair-lending laws, and a lender's medians depend on the borrowers it serves.
Lenders of similar size
Source: FFIEC/CFPB HMDA 2025 public LAR and filer list. Core segment: owner-occupied, single-family site-built, first-lien, closed-end purchase and refinance loans. Methodology