Equity Wave Lending, Inc. mortgage approval rate & lending review
Equity Wave Lending, Inc. decided 1,126 mortgage applications and funded 768 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Equity Wave Lending, Inc. reported under the Home Mortgage Disclosure Act, not its advertised interest rates. For current rates and applications go to equitywavelending.com.
This lender is broker only. It does not take applications from borrowers directly; you would reach it through a mortgage broker.
Equity Wave Lending, Inc. at a glance
Approval is 1.6 points above the 72.2% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Cash-out refinance | 77% | 401 / 518 | 95% | $205K | 380 |
| Refinance | 37% | 14 / 38 | 86% | $255K | 12 |
| Investment property purchase | 76% | 47 / 62 | 91% | $445K | 43 |
| Investment cash-out refinance | 78% | 332 / 428 | 91% | $205K | 301 |
| Investment refinance | 42% | 30 / 72 | 93% | $175K | 28 |
Equity Wave Lending, Inc. lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| California | 75% | $205K | 1,043 | 723 |
| Florida | 67% | $155K | 39 | 23 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Equity Wave Lending, Inc. lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Los Angeles County, CA | Investment cash-out refinance | 78% | 155 | 110 |
| Orange County, CA | Cash-out refinance | 82% | 115 | 88 |
| Orange County, CA | Investment cash-out refinance | 85% | 66 | 51 |
| Riverside County, CA | Investment cash-out refinance | 94% | 33 | 27 |
| San Diego County, CA | Investment cash-out refinance | 80% | 25 | 20 |
| San Bernardino County, CA | Investment cash-out refinance | 72% | 29 | 17 |
The county markets where Equity Wave Lending, Inc. made the most loans. Each link opens that market with every lender ranked.
Questions about Equity Wave Lending, Inc.
What is Equity Wave Lending, Inc.'s mortgage approval rate?
Equity Wave Lending, Inc. approved 73.8% of the 1,126 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 1.6 points above the 72.2% national rate for the same mix of loan types.
How often do borrowers take the loan Equity Wave Lending, Inc. offers?
Borrowers accepted 92% of the loans Equity Wave Lending, Inc. approved, against 94% for all cash-out refinance lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Equity Wave Lending, Inc. make?
The typical cash-out refinance loan Equity Wave Lending, Inc. made was $205K; across all loan types its typical loan ran from $175K to $445K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Equity Wave Lending, Inc. lend?
Equity Wave Lending, Inc. decided applications in 13 of the states Fat Boy Data covers, most of them in California, Florida and Texas.
Can I apply to Equity Wave Lending, Inc. directly?
No. Equity Wave Lending, Inc. is a wholesale lender: it funds loans that mortgage brokers bring to it and does not take applications from borrowers directly. Its website is equitywavelending.com.
Does this page show Equity Wave Lending, Inc.'s interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Equity Wave Lending, Inc. treats applications, then get a rate quote from the lender.