Bank of Springfield mortgage approval rate & lending review
Bank of Springfield decided 2,068 mortgage applications and funded 1,932 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Bank of Springfield reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Bank of Springfield at a glance
Approval is 9.7 points above the 84.1% 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 | 96% | 1,122 / 1,172 | 100% | $195K | 1,118 |
| Home improvement loans | 93% | 40 / 43 | 100% | $25K | 40 |
| Cash-out refinance | 75% | 61 / 81 | 98% | $145K | 60 |
| Refinance | 92% | 111 / 121 | 99% | $225K | 110 |
| Investment property purchase | 96% | 438 / 458 | 99% | $115K | 435 |
| Investment cash-out refinance | 56% | 20 / 36 | 100% | $205K | 20 |
| Investment refinance | 95% | 111 / 117 | 100% | $85K | 111 |
| Investment home improvement | 95% | 38 / 40 | 100% | $115K | 38 |
Bank of Springfield lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Illinois | 96% | $195K | 1,536 | 1,461 |
| Missouri | 90% | $275K | 334 | 299 |
| Florida | 90% | $305K | 50 | 45 |
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 Springfield lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Sangamon County, IL | Mortgage lenders | 97% | 734 | 708 |
| Sangamon County, IL | Investment property purchase | 97% | 136 | 132 |
| Madison County, IL | Investment property purchase | 98% | 87 | 85 |
| St. Charles County, MO | Mortgage lenders | 94% | 87 | 82 |
| Madison County, IL | Mortgage lenders | 92% | 66 | 61 |
| Sangamon County, IL | Refinance | 93% | 61 | 57 |
| Champaign County, IL | Mortgage lenders | 100% | 56 | 56 |
| Sangamon County, IL | Investment refinance | 100% | 46 | 46 |
| Sangamon County, IL | Cash-out refinance | 82% | 55 | 44 |
| Champaign County, IL | Investment property purchase | 97% | 30 | 28 |
| Madison County, IL | Refinance | 97% | 30 | 28 |
| Sangamon County, IL | Home improvement loans | 97% | 29 | 28 |
The county markets where Bank of Springfield made the most loans. Each link opens that market with every lender ranked.
Questions about Bank of Springfield
What is Bank of Springfield's mortgage approval rate?
Bank of Springfield approved 93.9% of the 2,068 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 9.7 points above the 84.1% national rate for the same mix of loan types.
How often do borrowers take the loan Bank of Springfield offers?
Borrowers accepted 100% of the loans Bank of Springfield 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 Springfield make?
The typical home purchase mortgage loan Bank of Springfield made was $195K; across all loan types its typical loan ran from $25K to $225K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Bank of Springfield lend?
Bank of Springfield decided applications in 34 of the states Fat Boy Data covers, most of them in Illinois, Missouri and Florida.
Can I apply to Bank of Springfield directly?
Yes. Bank of Springfield is a bank or credit union with 17 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Bank of Springfield'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 Springfield treats applications, then get a rate quote from the lender.