Bank Independent mortgage approval rate & lending review
Bank Independent decided 780 mortgage applications and funded 708 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Bank Independent reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Bank Independent at a glance
Approval is 13.1 points above the 80.1% 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 | 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 |
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.
Where Bank Independent lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Limestone County, AL | Mortgage lenders | 94% | 84 | 77 |
| Madison County, AL | Investment refinance | 97% | 70 | 68 |
| Morgan County, AL | Mortgage lenders | 90% | 77 | 67 |
| Limestone County, AL | Refinance | 94% | 71 | 66 |
| Madison County, AL | Mortgage lenders | 92% | 72 | 64 |
| Madison County, AL | Investment property purchase | 98% | 60 | 58 |
| Morgan County, AL | Refinance | 93% | 61 | 57 |
| Madison County, AL | Refinance | 96% | 48 | 46 |
| Morgan County, AL | Home improvement loans | 74% | 23 | 16 |
The county markets where Bank Independent made the most loans. Each link opens that market with every lender ranked.
Questions about Bank Independent
What is Bank Independent's mortgage approval rate?
Bank Independent approved 93.2% of the 780 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 13.1 points above the 80.1% national rate for the same mix of loan types.
How often do borrowers take the loan Bank Independent offers?
Borrowers accepted 97% of the loans Bank Independent 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 Bank Independent make?
The typical home purchase mortgage loan Bank Independent made was $275K; across all loan types its typical loan ran from $85K to $275K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Bank Independent lend?
Bank Independent decided applications in 10 of the states Fat Boy Data covers, most of them in Alabama, Florida and Tennessee.
Can I apply to Bank Independent directly?
Yes. Bank Independent is a bank or credit union with 34 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Bank Independent'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 Bank Independent treats applications, then get a rate quote from the lender.