Lender profile · HMDA 2023–2025
Bank Independent mortgage approval rates & lending data
Bank Independent decided 780 mortgage applications and funded 708 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 | 92% | 232 / 252 | 97% | $275K | 226 |
| Home improvement loans | 82% | 50 / 61 | 96% | $95K | 48 |
| Cash-out refinance | 77% | 20 / 26 | 100% | $185K | 20 |
| Refinance | 95% | 172 / 182 | 99% | $85K | 171 |
| Investment property purchase | 99% | 120 / 121 | 97% | $155K | 116 |
| Investment refinance | 98% | 117 / 120 | 96% | $125K | 112 |
Bank Independent lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Alabama | 93% | $155K | 756 | 685 |
| Florida | 100% | $515K | 7 | 6 |
| Tennessee | 100% | $135K | 7 | 7 |
| Arizona | 100% | $275K | 2 | 2 |
| District of Columbia | 100% | $25K | 2 | 2 |
| Georgia | 100% | $105K | 2 | 2 |
| Illinois | 100% | $1.05M | 1 | 1 |
| Mississippi | 100% | $275K | 1 | 1 |
| Texas | 100% | $205K | 1 | 1 |
| Virginia | 100% | $1.75M | 1 | 1 |
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.