Nextmark mortgage approval rate & lending review
Nextmark decided 959 mortgage applications and funded 558 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Nextmark reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Nextmark at a glance
Approval is 7.2 points below the 68.8% 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 | 54% | 50 / 93 | 98% | $185K | 49 |
| Home improvement loans | 71% | 187 / 264 | 96% | $135K | 180 |
| Cash-out refinance | 59% | 333 / 567 | 93% | $125K | 311 |
Nextmark lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Virginia | 66% | $105K | 565 | 351 |
| Maryland | 57% | $155K | 260 | 138 |
| District of Columbia | 54% | $155K | 56 | 30 |
| North Carolina | 52% | $125K | 23 | 11 |
| Florida | 40% | $105K | 20 | 7 |
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 Nextmark lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Fairfax County, VA | Cash-out refinance | 64% | 126 | 75 |
| Fairfax County, VA | Home improvement loans | 76% | 80 | 59 |
| Loudoun County, VA | Cash-out refinance | 61% | 77 | 45 |
| Prince William County, VA | Cash-out refinance | 59% | 58 | 32 |
| Montgomery County, MD | Cash-out refinance | 59% | 51 | 28 |
| Loudoun County, VA | Home improvement loans | 76% | 34 | 26 |
| Prince William County, VA | Home improvement loans | 80% | 20 | 16 |
| Anne Arundel County, MD | Cash-out refinance | 61% | 23 | 13 |
| Montgomery County, MD | Home improvement loans | 60% | 20 | 12 |
| Prince George's County, MD | Cash-out refinance | 45% | 29 | 12 |
The county markets where Nextmark made the most loans. Each link opens that market with every lender ranked.
Questions about Nextmark
What is Nextmark's mortgage approval rate?
Nextmark approved 61.6% of the 959 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 7.2 points below the 68.8% national rate for the same mix of loan types.
How often do borrowers take the loan Nextmark offers?
Borrowers accepted 94% of the loans Nextmark 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 Nextmark make?
The typical cash-out refinance loan Nextmark made was $125K; across all loan types its typical loan ran from $125K to $185K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Nextmark lend?
Nextmark decided applications in 9 of the states Fat Boy Data covers, most of them in Virginia, Maryland and District of Columbia.
Can I apply to Nextmark directly?
Yes. Nextmark reports as a direct lender that takes applications from borrowers.
Does this page show Nextmark'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 Nextmark treats applications, then get a rate quote from the lender.