Ally Bank mortgage approval rate & lending review
Ally Bank decided 5,447 mortgage applications and funded 4,557 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Ally Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Ally Bank at a glance
Approval is 0.2 points below the 85.4% 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 | 89% | 3,924 / 4,414 | 98% | $355K | 3,862 |
| Home improvement loans | 59% | 51 / 86 | 92% | $135K | 47 |
| Cash-out refinance | 58% | 179 / 309 | 97% | $205K | 173 |
| Refinance | 68% | 150 / 219 | 97% | $245K | 145 |
| Investment property purchase | 84% | 298 / 353 | 98% | $205K | 292 |
| Investment cash-out refinance | 65% | 22 / 34 | 100% | $145K | 22 |
Ally Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Florida | 80% | $355K | 608 | 475 |
| Texas | 83% | $365K | 539 | 441 |
| California | 85% | $545K | 374 | 313 |
| Pennsylvania | 87% | $295K | 325 | 281 |
| North Carolina | 90% | $395K | 324 | 285 |
| Illinois | 87% | $325K | 224 | 192 |
| Ohio | 88% | $225K | 216 | 189 |
| New Jersey | 85% | $415K | 213 | 177 |
| New York | 75% | $355K | 212 | 156 |
| Georgia | 81% | $405K | 199 | 159 |
| Michigan | 86% | $305K | 182 | 156 |
| South Carolina | 89% | $295K | 151 | 130 |
| Washington | 90% | $455K | 119 | 106 |
| Colorado | 91% | $485K | 113 | 100 |
| Arizona | 84% | $425K | 111 | 87 |
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.
Questions about Ally Bank
What is Ally Bank's mortgage approval rate?
Ally Bank approved 85.2% of the 5,447 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 0.2 points below the 85.4% national rate for the same mix of loan types.
How often do borrowers take the loan Ally Bank offers?
Borrowers accepted 98% of the loans Ally Bank 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 Ally Bank make?
The typical home purchase mortgage loan Ally Bank made was $355K; across all loan types its typical loan ran from $135K to $355K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Ally Bank lend?
Ally Bank decided applications in 51 of the states Fat Boy Data covers, most of them in Florida, Texas and California.
Can I apply to Ally Bank directly?
Yes. Ally Bank is a bank or credit union with 1 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Ally Bank'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 Ally Bank treats applications, then get a rate quote from the lender.