Home › Borrow › Mortgage lenders › Better Mortgage

Is Better Mortgage a good mortgage lender? The HMDA facts

Here's what Better Mortgage's own reported loans looked like in 2025, from government HMDA data. Use it to see how a lender has priced loans and how often it said no, then get a Loan Estimate to compare real offers.

Home-purchase loans made
6,060 ($2.6B)
Applications denied
2,080
Denial rate
25.6%
Median interest rate*
6.625%
Median rate spread*
0.15 points
Median total loan costs*
$5,905

*Conventional first-lien home-purchase loans (4,823 loans with a reported rate). LEI 549300XY701IELCE5Q08.

Denial rate = denied applications ÷ (originated + denied) for home-purchase loans; it reflects who applied to that lender, not your odds. Rate spread = the loan's APR minus the average prime offer rate for a comparable loan when it was locked (lower is cheaper vs the market; negative means below the benchmark). Medians are for conventional first-lien home-purchase loans the lender made. HMDA is past data, not a quote. Source: CFPB/FFIEC HMDA 2025 data via the HMDA Data Browser (pulled 2026-10-12).

Other lenders

FAQ

What rate did Better Mortgage borrowers get?

The median interest rate on Better Mortgage's conventional first-lien home-purchase loans in 2025 was 6.625%, per HMDA data. Your rate depends on your credit, down payment and the market.

How often does Better Mortgage deny mortgage applications?

25.6% of its home-purchase applications that ended in an origination or denial were denied in 2025 (HMDA).

Estimates, not financial advice. Taxes, insurance, PMI and fees vary by lender, county and city; confirm with your lender, dealer and state agency before acting.