The 15 US cities where it’s hardest to get a mortgage, ranked

Mortgage denials are at their lowest rate since at least 2004. But in some places, it's still difficult to get approved.

caption
Mortgage denials are at their lowest rate since at least 2004. But in some places, it’s still difficult to get approved.
source
Getty Images

LendingTree released an analysis ranking the US cities where applicants are most likely to be denied a mortgage.

Of the top 15 cities where it’s hardest to get a mortgage, four are in Florida. Cities in California, Texas, and Michigan also made the list.

LendingTree analyzed data from more than 10 million mortgage applications using Home Mortgage Disclosure Act data for 2018, the most recent available year.

The most common reason for an applicant to be denied was their debt-to-income ratio, followed by credit history, the study found. The analysis also found evidence of racial discrepancies: African-American borrowers had the highest mortgage denial rates at 17.4%, while non-Hispanic whites had the lowest at 7.9%.

Overall, mortgage denials are at their lowest rate since at least 2004, according to LendingTree. At the national level, 9.8% of loan applications were denied in 2018 – nearly 1 in 10 would-be borrowers.

Here are the 15 American cities where applicants are most likely to be denied a mortgage, ranked.


15. Louisville, Kentucky

source
Leigh Trail/Shutterstock

Overall denial rate: 7.7%

Top denial reason: Credit history


14. New Orleans, Louisiana

source
Sean Pavone/Shutterstock

Overall denial rate: 7.8%

Top denial reason: Debt-to-income ratio


13. Riverside, California

source
Shutterstock/Jon Bilous

Overall denial rate: 8.0%

Top denial reason: Debt-to-income ratio


12. Atlanta, Georgia

source
Shutterstock

Overall denial rate: 8.2%

Top denial reason: Debt-to-income ratio


11. Los Angeles, California

source
Shutterstock

Overall denial rate: 8.3%

Top denial reason: Debt-to-income ratio


10. San Antonio, Texas

source
Shutterstock

Overall denial rate: 8.4%

Top denial reason: Debt-to-income ratio


9. New York, New York

source
Shutterstock

Overall denial rate: 8.5%

Top denial reason: Debt-to-income ratio


T8. San Jose, California

source
Getty Images

Overall denial rate: 8.7%

Top denial reason: Debt-to-income ratio


T8. Houston, Texas

source
Shutterstock/Roschetzky Photography

Overall denial rate: 8.7%

Top denial reason: Debt-to-income ratio


6. Birmingham, Alabama

source
Sean Pavone/Shutterstock

Overall denial rate: 8.8%

Top denial reason: Credit history


5. Detroit, Michigan

source
Shutterstock

Overall denial rate: 9.4%

Top denial reason: Debt-to-income ratio


T4. Jacksonville, Florida

source
Shutterstock

Overall denial rate: 9.5%

Top denial reason: Debt-to-income ratio


T4. Tampa, Florida

source
Ramunas Bruzas/Shutterstock

Overall denial rate: 9.5%

Top denial reason: Debt-to-income ratio


2. Orlando, Florida

source
Shutterstock

Overall denial rate: 10.9%

Top denial reason: Debt-to-income ratio


1. Miami, Florida

source
cate_89/Shutterstock

Overall denial rate: 11.6%

Top denial reason: Debt-to-income ratio