PlainLender

LOWER, LLC

COLUMBIA, MD

LOWER, LLC processed 27,730 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 17,412 loans with a 9.4% denial rate. Home Purchase was the primary loan purpose. Based in COLUMBIA, MD. The approval rate of 62.8% 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. LOWER, LLC processed 27,730 HMDA-reported mortgage applications in 2024, originating 17,412 loans and denying 2,608 for a denial rate of 9.4% (applicants themselves withdrew 6,138 files before a decision). The average loan amount was $309,569 at a 6.742% average note rate, and applicants self-reported an average income of $40,000. The lender reports under LEI 549300RN01LBYR8ZVX74 from COLUMBIA, MD.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. LOWER, LLC's 62.8% origination rate tells you how often an application turned into funded money; the 9.4% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit application incomplete, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (17,085 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.

27,730
Applications
17,412
Originated
9.4%
Denial Rate
$309,569
Avg Loan Amount
Avg Interest Rate: 6.742% Avg Applicant Income: $40,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 17,085 11,273 1,256 $304,834
FHA 7,964 4,550 1,048 $298,734
VA 2,471 1,436 288 $386,315
USDA 210 153 16 $202,667

Top loan types — LOWER, LLC

Top loan types — LOWER, LLC Horizontal bar chart of the top 4 items by value (applications). Top loan types — LOWER, LLC Top 4 1. Conventional 17,085 2. FHA 7,964 3. VA 2,471 4. USDA 210 Top 5 loan types by application volume at LOWER, 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 LOWER, LLC (LEI: 549300RN01LBYR8ZVX74) · 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
760
Credit application incomplete
737
Collateral
352
Credit history
346
Other
210
Employment history
112
Insufficient cash
104
Unverifiable information
91

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 19,455 14,159 $316,636
Cash-out Refinancing 5,929 2,286 $273,821
Refinancing 2,344 967 $341,250
Other 2 0 $410,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 16,827 69.0% 8.1%
Black or African American 3,020 56.1% 12.3%
Asian 1,454 59.5% 7.5%
Joint 568 72.7% 5.1%
American Indian or Alaska Native 119 55.5% 11.8%
2 or more minority races 49 51.0% 6.1%
Native Hawaiian or Other Pacific Islander 35 62.9% 11.4%

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 18,302 65.6% 8.7%
Hispanic or Latino 3,193 66.6% 10.6%
Joint 744 75.0% 5.9%

Nearby Lenders in MD

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

NFM, INC

LINTHICUM, MD

22,075 apps 17,246 originated 1.9% denied

First Home Mortgage

Baltimore, MD

7,187 apps 5,538 originated 2.8% denied

TOWER FEDERAL CREDIT UNION

LAUREL, MD

6,022 apps 3,449 originated 31.0% denied

State Employees Credit Union of Maryland

Linthicum, MD

5,814 apps 2,602 originated 42.7% denied

Dominion Financial Services, LLC

Baltimore, MD

3,873 apps 2,428 originated 0.0% denied
Compare LOWER, LLC vs NFM, INC →

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 LOWER, LLC process?
LOWER, LLC processed 27,730 mortgage applications in the 2023 HMDA reporting year. Of these, 17,412 were originated (approved and funded), 6,138 were withdrawn by the applicant, and 2,608 were denied.
What is LOWER, LLC's mortgage approval rate?
LOWER, LLC has an approval (origination) rate of 62.8%, meaning 62.8% of all applications resulted in a funded mortgage. The denial rate is 9.4%.
What is the average loan amount at LOWER, LLC?
The average mortgage loan amount at LOWER, LLC is $309,569. The average interest rate is 6.742%. The average applicant income is $40,000.
What are the most common reasons for mortgage denial at LOWER, LLC?
The most common reasons for mortgage denial at LOWER, LLC are: Debt-to-income ratio, Credit application incomplete, Collateral. In total, 2,608 applications were denied out of 27,730 total applications.
What types of mortgage loans does LOWER, LLC offer?
LOWER, LLC processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 17,085 applications and an average loan amount of $304,834.
What loan purposes does LOWER, LLC serve?
LOWER, LLC serves the following loan purposes: Home Purchase (19,455 applications), Cash-out Refinancing (5,929 applications), Refinancing (2,344 applications), Other (2 applications). Home Purchase is the most common purpose.
Where is LOWER, LLC located?
LOWER, LLC is headquartered in COLUMBIA, MD. The lender is identified by LEI 549300RN01LBYR8ZVX74 in HMDA data.
How does LOWER, LLC compare in lending across racial demographics?
LOWER, LLC reports demographic lending data under HMDA requirements. White applicants have an approval rate of 69.0% and denial rate of 8.1%; Black or African American applicants have an approval rate of 56.1% and denial rate of 12.3%; Asian applicants have an approval rate of 59.5% and denial rate of 7.5%. 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.