Foundation Mortgage Corporation mortgage approval rate & lending review
Foundation Mortgage Corporation decided 4,615 mortgage applications and funded 2,213 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Foundation Mortgage Corporation reported under the Home Mortgage Disclosure Act, not its advertised interest rates. For current rates and applications go to foundationmortgage.com.
This lender is broker only. It does not take applications from borrowers directly; you would reach it through a mortgage broker.
Foundation Mortgage Corporation at a glance
Approval is 1.0 points above the 82.0% 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 | 87% | 735 / 847 | 62% | $615K | 459 |
| Refinance | 79% | 531 / 670 | 57% | $695K | 303 |
| Investment property purchase | 86% | 1,090 / 1,273 | 61% | $335K | 668 |
| Investment refinance | 81% | 1,472 / 1,820 | 53% | $395K | 781 |
Foundation Mortgage Corporation lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| California | 85% | $835K | 1,347 | 650 |
| Florida | 83% | $395K | 871 | 393 |
| Texas | 87% | $285K | 430 | 213 |
| New York | 73% | $505K | 374 | 175 |
| New Jersey | 80% | $425K | 185 | 86 |
| Ohio | 91% | $175K | 167 | 95 |
| Illinois | 62% | $205K | 133 | 49 |
| Pennsylvania | 86% | $205K | 127 | 69 |
| Washington | 83% | $415K | 106 | 57 |
| Arizona | 77% | $395K | 94 | 52 |
| Michigan | 84% | $205K | 75 | 36 |
| Indiana | 91% | $205K | 67 | 35 |
| Maryland | 86% | $155K | 64 | 32 |
| Hawaii | 82% | $465K | 49 | 22 |
| Colorado | 80% | $505K | 46 | 20 |
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 Foundation Mortgage Corporation lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Los Angeles County, CA | Refinance | 84% | 163 | 85 |
| Los Angeles County, CA | Investment refinance | 82% | 150 | 64 |
| Miami-Dade County, FL | Investment property purchase | 88% | 72 | 37 |
| Osceola County, FL | Investment property purchase | 85% | 65 | 33 |
| Franklin County, OH | Investment refinance | 90% | 42 | 27 |
| San Diego County, CA | Investment property purchase | 92% | 39 | 25 |
| Miami-Dade County, FL | Investment refinance | 86% | 57 | 25 |
| Franklin County, OH | Investment property purchase | 93% | 41 | 22 |
| Harris County, TX | Investment refinance | 95% | 38 | 22 |
| Miami-Dade County, FL | Refinance | 74% | 43 | 21 |
| Suffolk County, NY | Investment refinance | 73% | 44 | 21 |
| Suffolk County, NY | Investment property purchase | 86% | 29 | 20 |
The county markets where Foundation Mortgage Corporation made the most loans. Each link opens that market with every lender ranked.
Questions about Foundation Mortgage Corporation
What is Foundation Mortgage Corporation's mortgage approval rate?
Foundation Mortgage Corporation approved 83.0% of the 4,615 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 1.0 points above the 82.0% national rate for the same mix of loan types.
How often do borrowers take the loan Foundation Mortgage Corporation offers?
Borrowers accepted 58% of the loans Foundation Mortgage Corporation approved, against 92% for all investment property refinance lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Foundation Mortgage Corporation make?
The typical investment property refinance loan Foundation Mortgage Corporation made was $395K; across all loan types its typical loan ran from $335K to $695K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Foundation Mortgage Corporation lend?
Foundation Mortgage Corporation decided applications in 47 of the states Fat Boy Data covers, most of them in California, Florida and Texas.
Can I apply to Foundation Mortgage Corporation directly?
No. Foundation Mortgage Corporation is a wholesale lender: it funds loans that mortgage brokers bring to it and does not take applications from borrowers directly. Its website is foundationmortgage.com.
Does this page show Foundation Mortgage Corporation'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 Foundation Mortgage Corporation treats applications, then get a rate quote from the lender.