Hanover Community Bank mortgage approval rate & lending review
Hanover Community Bank decided 1,114 mortgage applications and funded 926 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Hanover Community Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Hanover Community Bank at a glance
Approval is 0.7 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 | 90% | 305 / 340 | 97% | $515K | 296 |
| Cash-out refinance | 67% | 34 / 51 | 97% | $635K | 33 |
| Investment property purchase | 89% | 522 / 584 | 98% | $635K | 509 |
| Investment cash-out refinance | 53% | 31 / 58 | 94% | $715K | 29 |
| Investment refinance | 76% | 29 / 38 | 100% | $575K | 29 |
Hanover Community Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| New York | 85% | $635K | 1,059 | 881 |
| New Jersey | 90% | $365K | 51 | 42 |
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 Hanover Community Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Queens County, NY | Investment property purchase | 91% | 181 | 162 |
| Kings County, NY | Investment property purchase | 90% | 110 | 96 |
| Richmond County, NY | Mortgage lenders | 96% | 94 | 85 |
| Nassau County, NY | Investment property purchase | 84% | 100 | 82 |
| Richmond County, NY | Investment property purchase | 91% | 89 | 79 |
| Queens County, NY | Mortgage lenders | 85% | 92 | 76 |
| Suffolk County, NY | Investment property purchase | 88% | 32 | 28 |
| Queens County, NY | Cash-out refinance | 67% | 27 | 17 |
| Queens County, NY | Investment cash-out refinance | 38% | 21 | 8 |
The county markets where Hanover Community Bank made the most loans. Each link opens that market with every lender ranked.
Questions about Hanover Community Bank
What is Hanover Community Bank's mortgage approval rate?
Hanover Community Bank approved 85.5% of the 1,114 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 0.7 points above the 84.8% national rate for the same mix of loan types.
How often do borrowers take the loan Hanover Community Bank offers?
Borrowers accepted 97% of the loans Hanover Community Bank approved, against 95% for all investment property mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Hanover Community Bank make?
The typical investment property mortgage loan Hanover Community Bank made was $635K; across all loan types its typical loan ran from $515K to $715K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Hanover Community Bank lend?
Hanover Community Bank decided applications in 3 of the states Fat Boy Data covers, most of them in New York, New Jersey and Connecticut.
Can I apply to Hanover Community Bank directly?
Yes. Hanover Community Bank is a bank or credit union with 10 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Hanover Community 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 Hanover Community Bank treats applications, then get a rate quote from the lender.