Lender profile · HMDA 2023–2025
Ally Bank mortgage approval rates & lending data
Ally Bank decided 5,447 mortgage applications and funded 4,557 loans across the 616 counties Fat Boy Data covers, 2023–2025.
Approval 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 |
Covers the 616 counties in the Fat Boy Data footprint, which is 79.6% of the US population — not every county in each state. Methodology.