Lender profile · HMDA 2025

Better Mortgage Corporation: 2025 mortgage rates, costs & approvals

How Better Mortgage Corporation priced and approved home loans in 2025, measured against every lender in the official HMDA records.

HMDA legal name: BETTER MORTGAGE CORPORATION · LEI 549300XY701IELCE5Q08

In 2025, Better Mortgage Corporation originated 6,834 home-purchase, refinance and cash-out loans on owner-occupied single-family homes in 51 states — 88th 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 in line with the national median. Median conventional loan costs were $5,910, 6% higher than the national median ($5,570).

It denied 26.0% of completed home-purchase applications (all lenders: 8.5%).

Loans

6,834

of 10,117 applications

Denial rate

26.0%

Purchase · all 8.5%

30-yr fixed rate

6.625%

Conv. · all 6.625%

Loan costs

$5,910

Conv. · all $5,570

Loan amount

$385,000

Purchase · all $335,000

Borrower income

$145,000

Purchase · all $116,000

How Better Mortgage Corporation priced home-purchase loans

Purchase loans, 2025	Better Mortgage Corporation	All lenders
30-year fixed rate · conventional	6.625%	6.625%
30-year fixed rate · FHA	6.250%	6.250%
30-year fixed rate · VA	6.375%	6.125%
15-year fixed rate · conventional	5.500%	5.875%
Rate spread vs. APOR · conventional	+0.13 pts	+0.13 pts
Total loan costs · conventional	$5,910	$5,570
Total loan costs · FHA	$11,350	$11,310
Total loan costs · VA	$8,890	$6,490
Origination charges (all types)	$2,960	$1,860
Borrowers paying discount points	64.1%	51.3%
Points paid, when paid (% of loan)	0.87%	0.87%
Borrowers receiving lender credits	32.2%	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

Conventional 78.5% 5,368

FHA 16.8% 1,151

VA 4.6% 315

By purpose

Home purchase 75.3% 5,145

Refinance 17.4% 1,189

Cash-out refinance 7.3% 500

Home value

$455,000

Median, purchase loans

Down payment

10.3%

All lenders 10%

Refi rate

6.125%

30-yr fixed, conventional

Refi denial rate

36.0%

Cash-out 55.7%

Why Better Mortgage Corporation denied purchase applications

Credit application incomplete 52.6% 963

Debt-to-income ratio 19.7% 361

Credit history 10.2% 187

Collateral (appraisal/property) 6.0% 110

Unverifiable information 5.7% 105

Insufficient cash (down payment/closing costs) 2.2% 40

Other 2.1% 39

Employment history 1.4% 25

First reason the lender reported for each denied home-purchase application.

Where Better Mortgage Corporation lends

State	Loans	Applications	Purchase denial rate	30-yr rate*	Loan costs*
Texas	826	1,184	23.1%	6.625%	$6,980
California	756	1,047	21.2%	6.625%	$7,950
Florida	424	698	31.2%	6.500%	$6,310
Oklahoma	369	496	22.9%	6.750%	$5,840
Colorado	301	391	17.7%	6.375%	$4,880
North Carolina	282	421	26.2%	6.500%	$4,730
Oregon	240	313	20.1%	6.875%	$6,480
Washington	237	330	20.3%	6.625%	$6,150
New Jersey	229	321	21.9%	6.500%	$6,750
Georgia	223	372	32.3%	6.490%	$5,170
Pennsylvania	210	318	26.6%	6.500%	$5,050
Illinois	203	324	32.4%	6.625%	$6,470
Arkansas	195	251	17.7%	6.625%	$4,880
Ohio	160	263	30.8%	6.625%	$4,710
Utah	154	213	27.0%	6.875%	$6,140
Michigan	129	212	35.8%	6.750%	$3,890
Virginia	128	186	24.8%	6.500%	$4,840
Tennessee	118	207	33.9%	6.625%	$4,420
Maryland	116	188	29.1%	6.500%	$5,870
New York	113	176	33.1%	6.375%	$5,670
Nevada	108	149	24.2%	6.625%	$5,410
Arizona	101	187	42.5%	6.500%	$6,640
Missouri	86	127	16.7%	6.500%	$3,810
Indiana	85	137	33.0%	6.500%	$3,710
Connecticut	84	137	29.5%	6.500%	$5,500
Vermont	80	96	12.8%	6.625%	$5,010
South Carolina	74	128	37.5%	6.625%	$4,980
Alabama	73	113	34.6%	6.625%	$3,320
Iowa	73	91	13.9%	7.125%	$3,770
Wisconsin	70	100	23.6%	6.500%	$4,580
Massachusetts	68	114	42.4%	6.500%	$5,460
Kansas	63	90	23.5%	6.750%	$3,590
Minnesota	62	105	34.3%	6.375%	$4,290
Nebraska	59	75	22.2%	6.875%	$3,500
Kentucky	57	91	27.9%	6.500%	$3,990
New Mexico	53	83	25.8%	6.625%	$4,740
Idaho	30	42	12.5%	—	—
Louisiana	28	56	43.3%	—	—
New Hampshire	24	40	34.6%	—	—
Mississippi	22	35	32.0%	—	—
Maine	21	37	—	—	—
District of Columbia	15	26	—	—	—
West Virginia	14	27	—	—	—
Montana	13	28	—	—	—
Delaware	13	27	—	—	—
Wyoming	10	10	—	—	—
Alaska	9	12	—	—	—
Hawaii	8	14	—	—	—
Rhode Island	7	16	—	—	—
South Dakota	7	9	—	—	—
North Dakota	4	4	—	—	—

*Conventional home-purchase loans, medians with at least 20 loans. Linked state names open Better Mortgage Corporation's page for that state.

Counties where Better Mortgage Corporation is a top lender

County	Rank	Loans	Market share
Kiowa County, CO	7	1	10.0%
Alpine County, CA	9	1	8.3%
Humboldt County, CA	3	58	6.7%
Sherman County, OR	12	1	5.3%
Caledonia County, VT	6	13	4.7%
Woodruff County, AR	13	1	3.3%
Madison Parish, LA	16	1	3.3%
Pottawattamie County, IA	9	45	3.3%
Richland County, IL	7	2	3.2%
Pope County, IL	14	1	3.1%
McPherson County, KS	8	9	3.0%
Saline County, AR	9	65	2.8%
Orleans County, VT	7	8	2.7%
Chicot County, AR	22	1	2.6%
Sabine County, TX	14	2	2.6%

Check Better Mortgage Corporation yourself

FFIEC HMDA Data Browser — the official 2025 records filed under LEI 549300XY701IELCE5Q08.
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 Better Mortgage Corporation 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