Bank of America, National Association mortgage approval rate & lending review
Bank of America, National Association decided 394,356 mortgage applications and funded 200,350 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Bank of America, National Association reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Bank of America, National Association at a glance
Approval is 18.6 points below the 71.6% 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 | 74% | 72,763 / 97,949 | 93% | $355K | 67,968 |
| Home improvement loans | 40% | 83,448 / 207,698 | 97% | $105K | 81,188 |
| Cash-out refinance | 78% | 4,378 / 5,603 | 95% | $235K | 4,175 |
| Refinance | 63% | 39,069 / 62,048 | 98% | $205K | 38,246 |
| Investment property purchase | 68% | 6,954 / 10,159 | 93% | $475K | 6,476 |
| Investment cash-out refinance | 68% | 453 / 668 | 94% | $275K | 424 |
| Investment refinance | 43% | 1,052 / 2,467 | 97% | $705K | 1,017 |
| Investment home improvement | 11% | 882 / 7,764 | 97% | $155K | 856 |
Bank of America, National Association lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| California | 57% | $295K | 77,394 | 42,128 |
| Florida | 44% | $155K | 47,329 | 19,873 |
| Texas | 44% | $165K | 37,142 | 15,640 |
| New Jersey | 55% | $205K | 22,340 | 11,646 |
| New York | 50% | $595K | 19,424 | 9,227 |
| North Carolina | 63% | $205K | 17,952 | 10,837 |
| Georgia | 48% | $155K | 16,853 | 7,778 |
| Massachusetts | 58% | $255K | 14,545 | 8,210 |
| Illinois | 56% | $165K | 12,902 | 6,907 |
| Washington | 63% | $375K | 12,107 | 7,426 |
| Arizona | 55% | $105K | 12,095 | 6,411 |
| Maryland | 49% | $145K | 10,823 | 5,082 |
| Virginia | 56% | $185K | 9,548 | 5,130 |
| South Carolina | 55% | $105K | 8,833 | 4,687 |
| Pennsylvania | 55% | $255K | 8,213 | 4,358 |
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 of America, National Association lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Los Angeles County, CA | Home improvement loans | 42% | 10,119 | 4,153 |
| Santa Clara County, CA | Mortgage lenders | 92% | 3,028 | 2,660 |
| Maricopa County, AZ | Home improvement loans | 48% | 5,150 | 2,447 |
| Los Angeles County, CA | Mortgage lenders | 73% | 3,270 | 2,159 |
| Los Angeles County, CA | Refinance | 58% | 3,622 | 2,066 |
| Cook County, IL | Mortgage lenders | 77% | 2,801 | 2,012 |
| Orange County, CA | Home improvement loans | 53% | 3,365 | 1,739 |
| Santa Clara County, CA | Refinance | 83% | 1,918 | 1,578 |
| King County, WA | Mortgage lenders | 86% | 1,889 | 1,548 |
| Alameda County, CA | Mortgage lenders | 88% | 1,790 | 1,476 |
| Mecklenburg County, NC | Home improvement loans | 58% | 2,490 | 1,393 |
| San Diego County, CA | Home improvement loans | 49% | 2,869 | 1,364 |
The county markets where Bank of America, National Association made the most loans. Each link opens that market with every lender ranked.
Questions about Bank of America, National Association
What is Bank of America, National Association's mortgage approval rate?
Bank of America, National Association approved 53.0% of the 394,356 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 18.6 points below the 71.6% national rate for the same mix of loan types.
How often do borrowers take the loan Bank of America, National Association offers?
Borrowers accepted 96% of the loans Bank of America, National Association approved, against 93% for all home improvement loan lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Bank of America, National Association make?
The typical home improvement loan loan Bank of America, National Association made was $105K; across all loan types its typical loan ran from $105K to $705K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Bank of America, National Association lend?
Bank of America, National Association decided applications in 51 of the states Fat Boy Data covers, most of them in California, Florida and Texas.
Can I apply to Bank of America, National Association directly?
Yes. Bank of America, National Association is a bank or credit union with 3,590 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Bank of America, National Association'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 of America, National Association treats applications, then get a rate quote from the lender.