Lender profile · HMDA 2023–2025
Devon Bank mortgage approval rates & lending data
Devon Bank decided 1,246 mortgage applications and funded 1,044 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% | 954 / 1,032 | 92% | $355K | 875 |
| Cash-out refinance | 80% | 20 / 25 | 85% | $175K | 17 |
| Refinance | 88% | 49 / 56 | 84% | $365K | 41 |
| Investment property purchase | 91% | 88 / 97 | 93% | $255K | 82 |
| Investment refinance | 92% | 24 / 26 | 96% | $755K | 23 |
Devon Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Illinois | 92% | $245K | 346 | 298 |
| Texas | 94% | $365K | 289 | 240 |
| Minnesota | 91% | $445K | 94 | 77 |
| California | 88% | $555K | 81 | 62 |
| Washington | 93% | $605K | 57 | 49 |
| Ohio | 82% | $355K | 50 | 37 |
| Georgia | 90% | $305K | 30 | 23 |
| Louisiana | 89% | $305K | 28 | 23 |
| Wisconsin | 92% | $355K | 25 | 22 |
| North Carolina | 92% | $355K | 24 | 19 |
| Michigan | 90% | $285K | 21 | 14 |
| Florida | 100% | $285K | 20 | 20 |
| Indiana | 70% | $325K | 20 | 14 |
| Arizona | 89% | $385K | 19 | 16 |
| Kentucky | 100% | $295K | 19 | 17 |
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.