Discover Bank mortgage approval rate & lending review
Discover Bank decided 120,554 mortgage applications and funded 32,130 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Discover Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates. For current rates and applications go to discover.com.
Discover Bank at a glance
Approval is 42.1 points below the 69.5% 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 | 16% | 1,546 / 9,538 | 92% | $115K | 1,420 |
| Home improvement loans | 28% | 19,223 / 68,139 | 98% | $75K | 18,795 |
| Refinance | 29% | 12,174 / 42,156 | 98% | $115K | 11,915 |
| Investment property purchase | 0% | 0 / 123 | — | — | 0 |
| Investment refinance | 0% | 0 / 134 | — | — | 0 |
| Investment home improvement | 0% | 0 / 464 | — | — | 0 |
Discover Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| California | 27% | $105K | 13,498 | 3,511 |
| Florida | 22% | $85K | 13,273 | 2,840 |
| Texas | 19% | $85K | 11,652 | 2,137 |
| New York | 23% | $95K | 7,164 | 1,571 |
| New Jersey | 29% | $85K | 6,604 | 1,862 |
| Pennsylvania | 26% | $65K | 5,431 | 1,380 |
| Georgia | 32% | $85K | 5,309 | 1,652 |
| Illinois | 29% | $65K | 5,239 | 1,482 |
| Ohio | 29% | $55K | 4,232 | 1,192 |
| North Carolina | 32% | $75K | 3,908 | 1,211 |
| Arizona | 35% | $75K | 3,725 | 1,299 |
| Michigan | 26% | $65K | 2,999 | 761 |
| Massachusetts | 25% | $85K | 2,858 | 703 |
| Colorado | 31% | $85K | 2,654 | 816 |
| Virginia | 33% | $85K | 2,642 | 847 |
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 Discover Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Maricopa County, AZ | Home improvement loans | 40% | 1,321 | 522 |
| Los Angeles County, CA | Home improvement loans | 25% | 1,847 | 443 |
| Maricopa County, AZ | Refinance | 36% | 944 | 334 |
| Cook County, IL | Home improvement loans | 24% | 1,350 | 325 |
| Clark County, NV | Home improvement loans | 34% | 830 | 283 |
| Riverside County, CA | Home improvement loans | 30% | 834 | 248 |
| Los Angeles County, CA | Refinance | 25% | 935 | 229 |
| San Diego County, CA | Home improvement loans | 30% | 715 | 207 |
| Suffolk County, NY | Home improvement loans | 25% | 811 | 198 |
| San Bernardino County, CA | Home improvement loans | 30% | 627 | 185 |
| Cook County, IL | Refinance | 27% | 606 | 160 |
| San Diego County, CA | Refinance | 34% | 471 | 158 |
The county markets where Discover Bank made the most loans. Each link opens that market with every lender ranked.
Questions about Discover Bank
What is Discover Bank's mortgage approval rate?
Discover Bank approved 27.3% of the 120,554 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 42.1 points below the 69.5% national rate for the same mix of loan types.
How often do borrowers take the loan Discover Bank offers?
Borrowers accepted 98% of the loans Discover Bank 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 Discover Bank make?
The typical home improvement loan loan Discover Bank made was $75K; across all loan types its typical loan ran from $75K to $115K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Discover Bank lend?
Discover Bank decided applications in 52 of the states Fat Boy Data covers, most of them in California, Florida and Texas.
Can I apply to Discover Bank directly?
Yes. Discover Bank reports as a direct lender that takes applications from borrowers. Its website is discover.com.
Does this page show Discover 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 Discover Bank treats applications, then get a rate quote from the lender.