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Champions Funding, LLC

GILBERT, AZ

Champions Funding, LLC processed 5,412 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 3,067 loans with a 18.2% denial rate. Home Purchase was the primary loan purpose. Based in GILBERT, AZ. The approval rate of 56.7% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Champions Funding, LLC's 56.7% origination rate tells you how often an application turned into funded money; the 18.2% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Insufficient cash, Credit application incomplete, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (5,412 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

5,412
Applications
3,067
Originated
18.2%
Denial Rate
$492,992
Avg Loan Amount
Avg Interest Rate: 8.555% Avg Applicant Income: $43,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 5,412 3,067 987 $492,992

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Champions Funding, LLC (LEI: 984500U2F9A83N391A91) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Insufficient cash
574
Credit application incomplete
256
Other
95
Collateral
33
Credit history
23
Debt-to-income ratio
3
Unverifiable information
3
Employment history
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 3,301 1,983 $465,945
Cash-out Refinancing 1,667 888 $514,802
Refinancing 444 196 $612,185

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 3,088 59.0% 17.3%
Black or African American 564 52.7% 21.4%
Asian 501 56.1% 18.2%
American Indian or Alaska Native * 48 39.6% 29.2%
Joint * 41 65.8% 7.3%
2 or more minority races * 33 60.6% 21.2%
Native Hawaiian or Other Pacific Islander * 22 45.5% 13.6%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 2,751 56.0% 18.0%
Hispanic or Latino 1,865 58.7% 18.6%
Joint 84 66.7% 8.3%

Nearby Lenders in AZ

Other HMDA-reporting lenders in AZ with similar activity. Compare any two side-by-side.

The Loan Store, Inc

Tucson, AZ

37,522 apps 23,548 originated 12.7% denied

Desert Financial Credit Union

Phoenix, AZ

14,881 apps 8,747 originated 30.3% denied

V.I.P. Mortgage, INC.

SCOTTSDALE, AZ

10,272 apps 6,989 originated 2.0% denied

Geneva Financial LLC

Chandler, AZ

9,015 apps 5,938 originated 2.7% denied

Nova Financial & Investment Corporation

Tucson, AZ

6,917 apps 4,748 originated 5.3% denied
Compare Champions Funding, LLC vs The Loan Store, Inc →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Champions Funding, LLC process?
Champions Funding, LLC processed 5,412 mortgage applications in the 2024 HMDA reporting year. Of these, 3,067 were originated (approved and funded), 1,086 were withdrawn by the applicant, and 987 were denied.
What is Champions Funding, LLC's mortgage approval rate?
Champions Funding, LLC has an approval (origination) rate of 56.7%, meaning 56.7% of all applications resulted in a funded mortgage. The denial rate is 18.2%.
What is the average loan amount at Champions Funding, LLC?
The average mortgage loan amount at Champions Funding, LLC is $492,992. The average interest rate is 8.555%. The average applicant income is $43,000.
What are the most common reasons for mortgage denial at Champions Funding, LLC?
The most common reasons for mortgage denial at Champions Funding, LLC are: Insufficient cash, Credit application incomplete, Other. In total, 987 applications were denied out of 5,412 total applications.
What types of mortgage loans does Champions Funding, LLC offer?
Champions Funding, LLC processes Conventional loans. The most common type is Conventional with 5,412 applications and an average loan amount of $492,992.
What loan purposes does Champions Funding, LLC serve?
Champions Funding, LLC serves the following loan purposes: Home Purchase (3,301 applications), Cash-out Refinancing (1,667 applications), Refinancing (444 applications). Home Purchase is the most common purpose.
Where is Champions Funding, LLC located?
Champions Funding, LLC is headquartered in GILBERT, AZ. The lender is identified by LEI 984500U2F9A83N391A91 in HMDA data.
How does Champions Funding, LLC compare in lending across racial demographics?
Champions Funding, LLC reports demographic lending data under HMDA requirements. White applicants have an approval rate of 59.0% and denial rate of 17.3%; Black or African American applicants have an approval rate of 52.7% and denial rate of 21.4%; Asian applicants have an approval rate of 56.1% and denial rate of 18.2%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.