PlainLender

FIGURE LENDING LLC

SAN FRANCISCO, CA

FIGURE LENDING LLC processed 95,429 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 34,103 loans with a 21.7% denial rate. Other was the primary loan purpose. Based in SAN FRANCISCO, CA. The approval rate of 35.7% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. FIGURE LENDING LLC processed 95,429 HMDA-reported mortgage applications in 2024, originating 34,103 loans and denying 20,737 for a denial rate of 21.7% (applicants themselves withdrew 4,208 files before a decision). The average loan amount was $84,251 at a 10.863% average note rate, and applicants self-reported an average income of $38,000. The lender reports under LEI 254900UL88QFG0E40516 from SAN FRANCISCO, CA.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. FIGURE LENDING LLC's 35.7% origination rate tells you how often an application turned into funded money; the 21.7% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit application incomplete, Debt-to-income ratio, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (95,429 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.

95,429
Applications
34,103
Originated
21.7%
Denial Rate
$84,251
Avg Loan Amount
Avg Interest Rate: 10.863% Avg Applicant Income: $38,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 95,429 34,103 20,737 $84,251

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for FIGURE LENDING LLC (LEI: 254900UL88QFG0E40516) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Credit application incomplete
9,516
Debt-to-income ratio
8,493
Other
1,614
Collateral
1,149
Credit history
271
Unverifiable information
76

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 60,996 22,580 $79,195
Home Improvement 34,423 11,523 $93,187
Home Purchase 9 0 $165,000
Cash-out Refinancing 1 0 $145,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 47,034 47.7% 27.1%
Black or African American 4,866 45.3% 30.9%
Asian 4,701 42.1% 28.7%
American Indian or Alaska Native 1,081 38.2% 35.6%
2 or more minority races 370 36.5% 35.4%
Native Hawaiian or Other Pacific Islander 274 38.3% 31.8%

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 49,152 48.2% 26.8%
Hispanic or Latino 9,671 40.8% 30.5%
Joint 354 33.9% 40.1%

Nearby Lenders in CA

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

PENNYMAC LOAN SERVICES LLC

WESTLAKE VILLAGE, CA

384,816 apps 67,294 originated 4.7% denied

Bank of America NA

Westlake Village, CA

233,637 apps 83,165 originated 34.6% denied

AmeriHome Mortgage Company, LLC

Thousand Oaks, CA

149,937 apps 6,250 originated 0.8% denied

LOANDEPOT.COM, LLC

IRVINE, CA

142,924 apps 79,418 originated 23.3% denied

NEW AMERICAN FUNDING, LLC.

TUSTIN, CA

118,479 apps 48,639 originated 11.1% denied
Compare FIGURE LENDING LLC vs PENNYMAC LOAN SERVICES LLC →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

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Frequently Asked Questions

How many mortgage applications did FIGURE LENDING LLC process?
FIGURE LENDING LLC processed 95,429 mortgage applications in the 2023 HMDA reporting year. Of these, 34,103 were originated (approved and funded), 4,208 were withdrawn by the applicant, and 20,737 were denied.
What is FIGURE LENDING LLC's mortgage approval rate?
FIGURE LENDING LLC has an approval (origination) rate of 35.7%, meaning 35.7% of all applications resulted in a funded mortgage. The denial rate is 21.7%.
What is the average loan amount at FIGURE LENDING LLC?
The average mortgage loan amount at FIGURE LENDING LLC is $84,251. The average interest rate is 10.863%. The average applicant income is $38,000.
What are the most common reasons for mortgage denial at FIGURE LENDING LLC?
The most common reasons for mortgage denial at FIGURE LENDING LLC are: Credit application incomplete, Debt-to-income ratio, Other. In total, 20,737 applications were denied out of 95,429 total applications.
What types of mortgage loans does FIGURE LENDING LLC offer?
FIGURE LENDING LLC processes Conventional loans. The most common type is Conventional with 95,429 applications and an average loan amount of $84,251.
What loan purposes does FIGURE LENDING LLC serve?
FIGURE LENDING LLC serves the following loan purposes: Other (60,996 applications), Home Improvement (34,423 applications), Home Purchase (9 applications), Cash-out Refinancing (1 applications). Other is the most common purpose.
Where is FIGURE LENDING LLC located?
FIGURE LENDING LLC is headquartered in SAN FRANCISCO, CA. The lender is identified by LEI 254900UL88QFG0E40516 in HMDA data.
How does FIGURE LENDING LLC compare in lending across racial demographics?
FIGURE LENDING LLC reports demographic lending data under HMDA requirements. White applicants have an approval rate of 47.7% and denial rate of 27.1%; Black or African American applicants have an approval rate of 45.3% and denial rate of 30.9%; Asian applicants have an approval rate of 42.1% and denial rate of 28.7%. 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.