HomePromise Corporation mortgage approval rate & lending review
HomePromise Corporation decided 2,061 mortgage applications and funded 174 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions HomePromise Corporation reported under the Home Mortgage Disclosure Act, not its advertised interest rates. For current rates and applications go to homepromise.com.
HomePromise Corporation at a glance
Approval is 78.0 points below the 86.6% 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 | 8% | 157 / 1,944 | 97% | $325K | 153 |
| Home improvement loans | 17% | 5 / 29 | 100% | $275K | 5 |
| Cash-out refinance | 18% | 8 / 45 | 100% | $305K | 8 |
| Refinance | 15% | 6 / 41 | 100% | $205K | 6 |
HomePromise Corporation lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Texas | 3% | $275K | 525 | 17 |
| Florida | 14% | $365K | 270 | 37 |
| Ohio | 9% | $285K | 172 | 15 |
| Georgia | 9% | $295K | 168 | 14 |
| Pennsylvania | 11% | $245K | 131 | 14 |
| California | 9% | $345K | 117 | 10 |
| Alabama | 6% | $225K | 108 | 6 |
| Virginia | 14% | $215K | 94 | 13 |
| Michigan | 4% | $255K | 93 | 4 |
| Tennessee | 12% | $315K | 80 | 10 |
| Maryland | 15% | $375K | 72 | 11 |
| Colorado | 3% | $445K | 66 | 2 |
| Washington | 8% | $585K | 61 | 5 |
| New Jersey | 23% | $375K | 44 | 8 |
| Oregon | 8% | $475K | 26 | 2 |
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 HomePromise Corporation
What is HomePromise Corporation's mortgage approval rate?
HomePromise Corporation approved 8.6% of the 2,061 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 78.0 points below the 86.6% national rate for the same mix of loan types.
How often do borrowers take the loan HomePromise Corporation offers?
Borrowers accepted 98% of the loans HomePromise Corporation 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 HomePromise Corporation make?
The typical home purchase mortgage loan HomePromise Corporation made was $325K; across all loan types its typical loan ran from $205K to $325K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does HomePromise Corporation lend?
HomePromise Corporation decided applications in 17 of the states Fat Boy Data covers, most of them in Texas, Florida and Ohio.
Can I apply to HomePromise Corporation directly?
Yes. HomePromise Corporation reports as a direct lender that takes applications from borrowers. Its website is homepromise.com.
Does this page show HomePromise 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 HomePromise Corporation treats applications, then get a rate quote from the lender.