According to a new study by loan exchange website Lending Tree, nine percent of mortgage applications in Greater Houston are denied.
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That ranks it ninth in the country.
Why is that?
Tendayi Kapfidze, chief economist at Lending Tree, said the fact that a more expensive city such as New York has a much lower denial rate may be because in those places, many people may not even try to get a mortgage loan.
"In a more affordable city," he said, "people might actually feel a little bit more optimistic that they have a decent chance of getting approved for a mortgage and might actually apply more."
Kapfidze said Houston's fast population growth may also play a role in boosting the number of overall applications.
Debt is the top reason for mortgage denial in Houston.
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