New Wave Lending Group Inc mortgage approval rate & lending review
New Wave Lending Group Inc decided 8,564 mortgage applications and funded 8,375 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions New Wave Lending Group Inc reported under the Home Mortgage Disclosure Act, not its advertised interest rates. For current rates and applications go to newwavelending.com.
New Wave Lending Group Inc at a glance
Approval is 15.8 points above the 83.8% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 100% | 4,901 / 4,913 | 98% | $625K | 4,823 |
| Cash-out refinance | 100% | 646 / 648 | 98% | $625K | 635 |
| Refinance | 100% | 921 / 925 | 98% | $595K | 899 |
| Investment property purchase | 99% | 1,350 / 1,361 | 99% | $335K | 1,332 |
| Investment cash-out refinance | 100% | 514 / 516 | 96% | $365K | 492 |
| Investment refinance | 100% | 201 / 201 | 97% | $435K | 194 |
New Wave Lending Group Inc lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| California | 100% | $645K | 5,640 | 5,523 |
| Texas | 100% | $305K | 560 | 541 |
| Georgia | 100% | $375K | 472 | 465 |
| Florida | 100% | $355K | 408 | 398 |
| Nevada | 100% | $325K | 292 | 291 |
| Illinois | 100% | $295K | 229 | 225 |
| Virginia | 99% | $385K | 145 | 138 |
| New Jersey | 99% | $475K | 135 | 131 |
| Maryland | 100% | $515K | 124 | 122 |
| North Carolina | 100% | $315K | 72 | 71 |
| Pennsylvania | 100% | $265K | 64 | 64 |
| Washington | 98% | $615K | 59 | 56 |
| Arizona | 100% | $465K | 57 | 55 |
| Colorado | 100% | $515K | 38 | 37 |
| South Carolina | 100% | $295K | 34 | 33 |
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 New Wave Lending Group Inc lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Los Angeles County, CA | Mortgage lenders | 100% | 1,348 | 1,326 |
| Orange County, CA | Mortgage lenders | 99% | 600 | 583 |
| Los Angeles County, CA | Refinance | 100% | 302 | 298 |
| San Bernardino County, CA | Mortgage lenders | 100% | 272 | 269 |
| Los Angeles County, CA | Investment property purchase | 98% | 259 | 253 |
| Los Angeles County, CA | Cash-out refinance | 100% | 216 | 213 |
| Gwinnett County, GA | Mortgage lenders | 100% | 190 | 186 |
| Alameda County, CA | Mortgage lenders | 100% | 184 | 183 |
| Orange County, CA | Refinance | 100% | 187 | 179 |
| Orange County, CA | Investment property purchase | 99% | 148 | 143 |
| Orange County, CA | Cash-out refinance | 99% | 123 | 119 |
| Los Angeles County, CA | Investment cash-out refinance | 100% | 109 | 105 |
The county markets where New Wave Lending Group Inc made the most loans. Each link opens that market with every lender ranked.
Questions about New Wave Lending Group Inc
What is New Wave Lending Group Inc's mortgage approval rate?
New Wave Lending Group Inc approved 99.6% of the 8,564 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 15.8 points above the 83.8% national rate for the same mix of loan types.
How often do borrowers take the loan New Wave Lending Group Inc offers?
Borrowers accepted 98% of the loans New Wave Lending Group Inc approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does New Wave Lending Group Inc make?
The typical home purchase mortgage loan New Wave Lending Group Inc made was $625K; across all loan types its typical loan ran from $335K to $625K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does New Wave Lending Group Inc lend?
New Wave Lending Group Inc decided applications in 40 of the states Fat Boy Data covers, most of them in California, Texas and Georgia.
Can I apply to New Wave Lending Group Inc directly?
Yes. New Wave Lending Group Inc reports as a direct lender that takes applications from borrowers. Its website is newwavelending.com.
Does this page show New Wave Lending Group 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 New Wave Lending Group Inc treats applications, then get a rate quote from the lender.