Guaranteed Rate, Inc. mortgage approval rate & lending review
Guaranteed Rate, Inc. decided 176,439 mortgage applications and funded 160,875 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Guaranteed Rate, Inc. reported under the Home Mortgage Disclosure Act, not its advertised interest rates. For current rates and applications go to rate.com.
Guaranteed Rate, Inc. at a glance
Approval is 7.8 points above the 84.8% 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 | 95% | 128,980 / 135,860 | 99% | $345K | 127,911 |
| Home improvement loans | 69% | 3,039 / 4,430 | 71% | $75K | 2,154 |
| Cash-out refinance | 76% | 7,139 / 9,446 | 98% | $305K | 7,011 |
| Refinance | 92% | 10,370 / 11,314 | 98% | $445K | 10,172 |
| Investment property purchase | 93% | 10,222 / 10,934 | 99% | $275K | 10,108 |
| Investment cash-out refinance | 84% | 2,269 / 2,716 | 99% | $265K | 2,248 |
| Investment refinance | 84% | 1,050 / 1,246 | 99% | $375K | 1,035 |
| Investment home improvement | 67% | 330 / 493 | 72% | $75K | 236 |
Guaranteed Rate, Inc. lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Illinois | 94% | $305K | 28,346 | 26,111 |
| California | 93% | $625K | 15,596 | 14,153 |
| Massachusetts | 93% | $565K | 12,963 | 11,917 |
| New Jersey | 93% | $445K | 11,813 | 10,734 |
| Florida | 86% | $365K | 11,436 | 9,723 |
| Texas | 92% | $325K | 10,963 | 9,924 |
| Pennsylvania | 96% | $335K | 8,254 | 7,817 |
| Ohio | 95% | $275K | 6,886 | 6,492 |
| North Carolina | 93% | $275K | 6,182 | 5,687 |
| Colorado | 96% | $405K | 4,855 | 4,574 |
| Georgia | 89% | $355K | 4,222 | 3,720 |
| Tennessee | 93% | $305K | 4,189 | 3,847 |
| Washington | 93% | $495K | 3,559 | 3,268 |
| Arizona | 91% | $415K | 3,525 | 3,134 |
| Michigan | 93% | $255K | 3,473 | 3,173 |
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 Guaranteed Rate, Inc. lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Cook County, IL | Mortgage lenders | 94% | 12,986 | 12,102 |
| Middlesex County, MA | Mortgage lenders | 96% | 3,246 | 3,089 |
| Philadelphia County, PA | Mortgage lenders | 97% | 2,492 | 2,398 |
| DuPage County, IL | Mortgage lenders | 98% | 2,335 | 2,259 |
| Will County, IL | Mortgage lenders | 96% | 2,200 | 2,086 |
| Essex County, MA | Mortgage lenders | 95% | 1,655 | 1,563 |
| Maricopa County, AZ | Mortgage lenders | 96% | 1,563 | 1,486 |
| Franklin County, OH | Mortgage lenders | 98% | 1,359 | 1,319 |
| Lake County, IL | Mortgage lenders | 97% | 1,298 | 1,247 |
| Los Angeles County, CA | Mortgage lenders | 95% | 1,331 | 1,241 |
| El Paso County, CO | Mortgage lenders | 98% | 1,281 | 1,238 |
| Lake County, IN | Mortgage lenders | 94% | 1,269 | 1,182 |
The county markets where Guaranteed Rate, Inc. made the most loans. Each link opens that market with every lender ranked.
Questions about Guaranteed Rate, Inc.
What is Guaranteed Rate, Inc.'s mortgage approval rate?
Guaranteed Rate, Inc. approved 92.6% of the 176,439 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 7.8 points above the 84.8% national rate for the same mix of loan types.
How often do borrowers take the loan Guaranteed Rate, Inc. offers?
Borrowers accepted 98% of the loans Guaranteed Rate, Inc. 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 Guaranteed Rate, Inc. make?
The typical home purchase mortgage loan Guaranteed Rate, Inc. made was $345K; across all loan types its typical loan ran from $75K to $445K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Guaranteed Rate, Inc. lend?
Guaranteed Rate, Inc. decided applications in 51 of the states Fat Boy Data covers, most of them in Illinois, California and Massachusetts.
Can I apply to Guaranteed Rate, Inc. directly?
Yes. Guaranteed Rate, Inc. reports as a direct lender that takes applications from borrowers. Its website is rate.com.
Does this page show Guaranteed Rate, Inc.'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 Guaranteed Rate, Inc. treats applications, then get a rate quote from the lender.