Devon Bank mortgage approval rate & lending review
Devon Bank decided 1,246 mortgage applications and funded 1,044 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Devon Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Devon Bank at a glance
Approval is 5.3 points above the 86.3% 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% | 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 |
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.
Questions about Devon Bank
What is Devon Bank's mortgage approval rate?
Devon Bank approved 91.7% of the 1,246 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 5.3 points above the 86.3% national rate for the same mix of loan types.
How often do borrowers take the loan Devon Bank offers?
Borrowers accepted 91% of the loans Devon Bank 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 Devon Bank make?
The typical home purchase mortgage loan Devon Bank made was $355K; across all loan types its typical loan ran from $175K to $755K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Devon Bank lend?
Devon Bank decided applications in 30 of the states Fat Boy Data covers, most of them in Illinois, Texas and Minnesota.
Can I apply to Devon Bank directly?
Yes. Devon Bank is a bank or credit union with 3 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Devon Bank'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 Devon Bank treats applications, then get a rate quote from the lender.