Bank of England mortgage approval rate & lending review
Bank of England decided 9,285 mortgage applications and funded 8,348 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Bank of England reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Bank of England at a glance
Approval is 4.6 points above the 86.0% 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 | 93% | 7,301 / 7,841 | 99% | $305K | 7,262 |
| Cash-out refinance | 75% | 395 / 530 | 97% | $255K | 384 |
| Refinance | 76% | 200 / 262 | 98% | $305K | 196 |
| Investment property purchase | 86% | 435 / 504 | 99% | $215K | 429 |
| Investment cash-out refinance | 53% | 60 / 113 | 100% | $155K | 60 |
| Investment refinance | 48% | 15 / 31 | 93% | $165K | 14 |
Bank of England lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Florida | 91% | $315K | 2,600 | 2,362 |
| Wisconsin | 91% | $245K | 904 | 819 |
| Arkansas | 93% | $225K | 782 | 719 |
| Texas | 87% | $305K | 467 | 401 |
| Kentucky | 98% | $245K | 390 | 379 |
| Alabama | 91% | $235K | 378 | 340 |
| Indiana | 93% | $215K | 351 | 323 |
| Ohio | 88% | $215K | 344 | 302 |
| Georgia | 85% | $345K | 331 | 279 |
| Colorado | 95% | $455K | 264 | 251 |
| Tennessee | 94% | $285K | 246 | 229 |
| Mississippi | 88% | $305K | 232 | 204 |
| Oregon | 92% | $435K | 164 | 151 |
| New York | 88% | $515K | 161 | 139 |
| Massachusetts | 86% | $425K | 153 | 130 |
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 England lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Duval County, FL | Mortgage lenders | 94% | 882 | 823 |
| Milwaukee County, WI | Mortgage lenders | 96% | 369 | 353 |
| Pulaski County, AR | Mortgage lenders | 96% | 308 | 293 |
| St. Johns County, FL | Mortgage lenders | 93% | 274 | 256 |
| Fayette County, KY | Mortgage lenders | 99% | 187 | 185 |
| Waukesha County, WI | Mortgage lenders | 89% | 200 | 178 |
| Shelby County, TN | Mortgage lenders | 96% | 159 | 150 |
| Clay County, FL | Mortgage lenders | 91% | 158 | 143 |
| Faulkner County, AR | Mortgage lenders | 97% | 136 | 131 |
| Okaloosa County, FL | Mortgage lenders | 97% | 117 | 113 |
| Sarasota County, FL | Mortgage lenders | 98% | 104 | 102 |
| Mobile County, AL | Mortgage lenders | 94% | 105 | 96 |
The county markets where Bank of England made the most loans. Each link opens that market with every lender ranked.
Questions about Bank of England
What is Bank of England's mortgage approval rate?
Bank of England approved 90.6% of the 9,285 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 4.6 points above the 86.0% national rate for the same mix of loan types.
How often do borrowers take the loan Bank of England offers?
Borrowers accepted 99% of the loans Bank of England 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 of England make?
The typical home purchase mortgage loan Bank of England made was $305K; across all loan types its typical loan ran from $155K to $305K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Bank of England lend?
Bank of England decided applications in 50 of the states Fat Boy Data covers, most of them in Florida, Wisconsin and Arkansas.
Can I apply to Bank of England directly?
Yes. Bank of England is a bank or credit union with 150 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Bank of England'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 England treats applications, then get a rate quote from the lender.