2025 activity year · County-level source proof
Philadelphia County mortgage market
Reported county-level mortgage application activity from the official CFPB/FFIEC HMDA Data Browser, with purchased loans excluded from the application denominator.
Activity year
2025
Action taken
What happened to applications?
Originated52.5% · 24,939
Approved, not accepted2.9% · 1,367
Denied22.3% · 10,596
Withdrawn15.6% · 7,393
File closed for incompleteness6.7% · 3,163
Preapproval approved, not accepted0.1% · 57
“Originated” is a reported historical outcome, not an approval probability for a future applicant.
Loan purpose
Why people applied
40%Home purchase
- Home purchase40.3%
- Home improvement15.0%
- Other purpose9.5%
- Refinancing12.6%
- Cash-out refinancing22.6%
Lender-reported reasons
Why applications were reported denied.
These are historical reason codes reported by lenders—not our assessment of an applicant, a prediction, or evidence of unlawful conduct. A denied application can have more than one reason.
Reason for denial
Share of denied decisions
Debt-to-income ratio38.5% · 4,079
Credit history34.7% · 3,676
Collateral21.6% · 2,295
Other11.8% · 1,247
Credit application incomplete10.8% · 1,148
Unverifiable information5.5% · 578
Insufficient cash3.3% · 347
Employment history1.5% · 158
Each percentage uses all application and preapproval denial decisions as its denominator. Shares are not additive because lenders may report up to four reasons.
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Data provenance
County FIPS 42101, with two reconciled years.
This profile identifies the activity year, cohort rules, aggregate and row-level CSV endpoints, response hashes, and processing date. Source: CFPB/FFIEC HMDA Data Browser API. Last refreshed September 2, 2026.