PlainLender

Loansteady LLC

Mclean, VA

Loansteady LLC processed 831 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 615 loans with a 1.8% denial rate. Home Purchase was the primary loan purpose. Based in Mclean, VA. The approval rate of 74.0% 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. Loansteady LLC processed 831 HMDA-reported mortgage applications in 2024, originating 615 loans and denying 15 for a denial rate of 1.8% (applicants themselves withdrew 166 files before a decision). The average loan amount was $365,096 at a 6.474% average note rate, and applicants self-reported an average income of $38,000. The lender reports under LEI 254900YPPMV9UM5FUW09 from Mclean, VA.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Loansteady LLC's 74.0% origination rate tells you how often an application turned into funded money; the 1.8% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (496 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.

831
Applications
615
Originated
1.8%
Denial Rate
$365,096
Avg Loan Amount
Avg Interest Rate: 6.474% Avg Applicant Income: $38,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 496 357 7 $398,790
FHA 151 114 4 $279,967
VA 143 107 4 $396,469
USDA 41 37 0 $161,585

Top loan types — Loansteady LLC

Top loan types — Loansteady LLC Horizontal bar chart of the top 4 items by value (applications). Top loan types — Loansteady LLC Top 4 1. Conventional 496 2. FHA 151 3. VA 143 4. USDA 41 Top 5 loan types by application volume at Loansteady LLC (HMDA 2023). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Loansteady LLC (LEI: 254900YPPMV9UM5FUW09) · 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

Debt-to-income ratio
9
Credit history
4
Other
4
Insufficient cash
2
Employment history
2
Collateral
2
Unverifiable information
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 733 555 $358,138
Refinancing 61 41 $470,410
Cash-out Refinancing 37 19 $329,324

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 601 75.0% 1.3%
Black or African American 69 69.6% 4.3%
Asian 22 72.7% 4.5%
Joint 17 88.2% 0.0%
American Indian or Alaska Native 9 55.6% 11.1%

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 653 76.1% 2.0%
Hispanic or Latino 50 64.0% 2.0%
Joint 12 50.0% 0.0%

Nearby Lenders in VA

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

Navy Federal Credit Union

Vienna, VA

182,680 apps 82,022 originated 23.9% denied

PROSPERITY HOME MORTGAGE, LLC

CHANTILLY, VA

29,914 apps 20,115 originated 7.4% denied

Pentagon Federal Credit Unioin

Alexandria, VA

28,887 apps 10,514 originated 39.2% denied

ATLANTIC BAY MORTGAGE GROUP

VIRGINIA BEACH, VA

17,186 apps 13,415 originated 1.4% denied

First Heritage Mortgage, LLC

Fairfax, VA

7,733 apps 6,346 originated 1.6% denied
Compare Loansteady LLC vs Navy Federal Credit Union →

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 Loansteady LLC process?
Loansteady LLC processed 831 mortgage applications in the 2023 HMDA reporting year. Of these, 615 were originated (approved and funded), 166 were withdrawn by the applicant, and 15 were denied.
What is Loansteady LLC's mortgage approval rate?
Loansteady LLC has an approval (origination) rate of 74.0%, meaning 74.0% of all applications resulted in a funded mortgage. The denial rate is 1.8%.
What is the average loan amount at Loansteady LLC?
The average mortgage loan amount at Loansteady LLC is $365,096. The average interest rate is 6.474%. The average applicant income is $38,000.
What are the most common reasons for mortgage denial at Loansteady LLC?
The most common reasons for mortgage denial at Loansteady LLC are: Debt-to-income ratio, Credit history, Other. In total, 15 applications were denied out of 831 total applications.
What types of mortgage loans does Loansteady LLC offer?
Loansteady LLC processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 496 applications and an average loan amount of $398,790.
What loan purposes does Loansteady LLC serve?
Loansteady LLC serves the following loan purposes: Home Purchase (733 applications), Refinancing (61 applications), Cash-out Refinancing (37 applications). Home Purchase is the most common purpose.
Where is Loansteady LLC located?
Loansteady LLC is headquartered in Mclean, VA. The lender is identified by LEI 254900YPPMV9UM5FUW09 in HMDA data.
How does Loansteady LLC compare in lending across racial demographics?
Loansteady LLC reports demographic lending data under HMDA requirements. White applicants have an approval rate of 75.0% and denial rate of 1.3%; Black or African American applicants have an approval rate of 69.6% and denial rate of 4.3%; Asian applicants have an approval rate of 72.7% and denial rate of 4.5%. 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.