Rate: 2025 mortgage rates, costs & approvals
How Rate priced and approved home loans in 2025, measured against every lender in the official HMDA records.
HMDA legal name: GUARANTEED RATE, INC. · LEI 549300U3721PJGQZYY68 · Guaranteed Rate, Inc. (NMLS #2611) operating as Rate at rate.com (source 1, source 2)
In 2025, Rate originated 55,549 home-purchase, refinance and cash-out loans on owner-occupied single-family homes in 51 states — 12th 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 6 basis points above the national median. Median conventional loan costs were $6,220, 12% higher than the national median ($5,570).
It denied 4.5% of completed home-purchase applications (all lenders: 8.5%).
How Rate priced home-purchase loans
| Purchase loans, 2025 | Rate | 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 | 6.200% | 6.125% |
| 15-year fixed rate · conventional | 5.875% | 5.875% |
| Rate spread vs. APOR · conventional | +0.20 pts | +0.13 pts |
| Total loan costs · conventional | $6,220 | $5,570 |
| Total loan costs · FHA | $12,500 | $11,310 |
| Total loan costs · VA | $5,690 | $6,490 |
| Origination charges (all types) | $1,640 | $1,860 |
| Borrowers paying discount points | 48.3% | 51.3% |
| Points paid, when paid (% of loan) | 0.66% | 0.87% |
| Borrowers receiving lender credits | 26.7% | 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 Rate denied purchase applications
First reason the lender reported for each denied home-purchase application.
Where Rate lends
| State | Loans | Applications | Purchase denial rate | 30-yr rate* | Loan costs* |
|---|---|---|---|---|---|
| Illinois | 8,469 | 9,033 | 4.5% | 6.750% | $6,560 |
| California | 4,444 | 4,725 | 3.2% | 6.625% | $7,670 |
| Massachusetts | 3,770 | 4,017 | 4.0% | 6.625% | $5,630 |
| New Jersey | 3,638 | 3,870 | 4.0% | 6.625% | $6,210 |
| Texas | 2,827 | 3,093 | 5.4% | 6.625% | $7,240 |
| Pennsylvania | 2,663 | 2,814 | 3.3% | 6.575% | $6,950 |
| Ohio | 2,302 | 2,422 | 2.3% | 6.625% | $4,920 |
| Florida | 2,272 | 2,634 | 9.5% | 6.750% | $7,120 |
| North Carolina | 1,812 | 1,956 | 3.2% | 6.625% | $4,960 |
| Colorado | 1,683 | 1,777 | 2.3% | 6.625% | $4,390 |
| Washington | 1,485 | 1,549 | 2.5% | 6.625% | $6,390 |
| Tennessee | 1,480 | 1,578 | 4.1% | 6.575% | $6,140 |
| Virginia | 1,462 | 1,571 | 4.1% | 6.575% | $5,840 |
| Michigan | 1,403 | 1,503 | 3.3% | 6.625% | $4,500 |
| Minnesota | 1,292 | 1,386 | 4.0% | 6.600% | $5,150 |
| Indiana | 1,130 | 1,248 | 5.5% | 6.750% | $3,850 |
| Georgia | 1,108 | 1,260 | 8.2% | 6.600% | $6,600 |
| Wisconsin | 975 | 1,024 | 3.1% | 6.525% | $3,970 |
| Arizona | 963 | 1,046 | 4.0% | 6.575% | $6,170 |
| New York | 936 | 1,013 | 5.7% | 6.625% | $6,510 |
| South Carolina | 836 | 905 | 6.1% | 6.750% | $5,290 |
| Oregon | 828 | 858 | 1.5% | 6.625% | $6,780 |
| Nevada | 724 | 824 | 7.3% | 6.875% | $6,920 |
| Connecticut | 677 | 747 | 5.5% | 6.625% | $6,050 |
| Maryland | 670 | 756 | 5.6% | 6.525% | $6,290 |
| Iowa | 488 | 530 | 6.0% | 6.525% | $3,330 |
| Idaho | 457 | 485 | 3.0% | 6.625% | $6,820 |
| Nebraska | 456 | 476 | 4.1% | 6.750% | $3,900 |
| Montana | 360 | 384 | 4.2% | 6.625% | $6,420 |
| Hawaii | 345 | 371 | 5.7% | 6.600% | $7,680 |
| New Hampshire | 342 | 356 | 2.2% | 6.625% | $4,730 |
| Kentucky | 323 | 349 | 6.4% | 6.750% | $4,490 |
| Utah | 309 | 348 | 5.6% | 6.575% | $6,050 |
| Missouri | 290 | 333 | 5.1% | 6.625% | $4,080 |
| West Virginia | 227 | 254 | 7.2% | 6.800% | $4,600 |
| Alabama | 226 | 274 | 10.3% | 6.875% | $5,550 |
| Oklahoma | 226 | 252 | 3.0% | 6.575% | $4,700 |
| Maine | 185 | 200 | 4.8% | 6.500% | $4,970 |
| Rhode Island | 173 | 187 | 4.9% | 6.600% | $5,170 |
| District of Columbia | 158 | 166 | 3.2% | 6.575% | $7,320 |
| South Dakota | 155 | 168 | 5.3% | 6.625% | $4,080 |
| Mississippi | 145 | 186 | 16.3% | 6.575% | $6,360 |
| New Mexico | 131 | 146 | 3.8% | 6.800% | $5,240 |
| Kansas | 123 | 135 | 7.5% | 6.750% | $3,680 |
| Alaska | 103 | 114 | 5.8% | 6.475% | $5,570 |
| Arkansas | 99 | 119 | 8.8% | 6.850% | $4,360 |
| Louisiana | 95 | 118 | 12.1% | 6.575% | $4,830 |
| Delaware | 95 | 109 | 8.6% | 6.750% | $6,050 |
| North Dakota | 89 | 97 | 9.3% | 6.500% | $6,530 |
| Wyoming | 86 | 92 | 2.7% | 6.450% | $5,720 |
| Vermont | 14 | 14 | — | — | — |
*Conventional home-purchase loans, medians with at least 20 loans. Linked state names open Rate's page for that state.
Counties where Rate is a top lender
| County | Rank | Loans | Market share |
|---|---|---|---|
| Randolph County, IL | 1 | 56 | 21.2% |
| Wrangell City and Borough, AK | 4 | 1 | 20.0% |
| Terrell County, TX | 2 | 1 | 20.0% |
| Ross County, OH | 1 | 153 | 17.9% |
| Sargent County, ND | 2 | 3 | 15.0% |
| Petersburg Borough, AK | 3 | 2 | 14.3% |
| San Luis Obispo County, CA | 2 | 315 | 13.3% |
| Teton County, WY | 3 | 21 | 13.2% |
| Stanton County, NE | 3 | 8 | 12.7% |
| Irion County, TX | 4 | 1 | 12.5% |
| Madison County, NE | 2 | 48 | 12.4% |
| Brookings County, SD | 2 | 41 | 12.3% |
| Monroe County, IL | 1 | 71 | 12.3% |
| Menominee County, MI | 2 | 23 | 12.0% |
| Perry County, IL | 2 | 14 | 11.9% |
Check Rate yourself
- FFIEC HMDA Data Browser — the official 2025 records filed under LEI 549300U3721PJGQZYY68.
- 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 Rate 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