Homestead Funding Corp. mortgage approval rate & lending review
Homestead Funding Corp. decided 12,181 mortgage applications and funded 11,732 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Homestead Funding Corp. reported under the Home Mortgage Disclosure Act, not its advertised interest rates. For current rates and applications go to homesteadfunding.com.
Homestead Funding Corp. at a glance
Approval is 10.6 points above the 86.5% 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 | 97% | 10,150 / 10,419 | 99% | $275K | 10,076 |
| Home improvement loans | 95% | 40 / 42 | 100% | $255K | 40 |
| Cash-out refinance | 93% | 253 / 272 | 99% | $265K | 250 |
| Refinance | 97% | 478 / 491 | 100% | $345K | 476 |
| Investment property purchase | 95% | 799 / 838 | 99% | $205K | 791 |
| Investment cash-out refinance | 73% | 19 / 26 | 95% | $245K | 18 |
| Investment refinance | 92% | 57 / 62 | 100% | $275K | 57 |
| Investment home improvement | 77% | 24 / 31 | 100% | $145K | 24 |
Homestead Funding Corp. lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| New York | 97% | $245K | 8,769 | 8,459 |
| Connecticut | 96% | $275K | 875 | 830 |
| Pennsylvania | 99% | $225K | 627 | 616 |
| Massachusetts | 98% | $255K | 426 | 413 |
| Florida | 93% | $345K | 301 | 278 |
| North Carolina | 98% | $355K | 218 | 212 |
| Texas | 95% | $385K | 96 | 91 |
| Illinois | 96% | $345K | 91 | 87 |
| South Carolina | 98% | $295K | 87 | 82 |
| Wisconsin | 97% | $305K | 87 | 83 |
| New Jersey | 99% | $475K | 72 | 71 |
| Tennessee | 96% | $345K | 72 | 68 |
| Minnesota | 97% | $415K | 63 | 61 |
| Michigan | 98% | $285K | 55 | 54 |
| Georgia | 92% | $325K | 48 | 44 |
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 Homestead Funding Corp. lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Albany County, NY | Mortgage lenders | 98% | 1,267 | 1,233 |
| Saratoga County, NY | Mortgage lenders | 98% | 925 | 901 |
| Broome County, NY | Mortgage lenders | 98% | 858 | 840 |
| Schenectady County, NY | Mortgage lenders | 97% | 772 | 748 |
| Rensselaer County, NY | Mortgage lenders | 97% | 769 | 741 |
| Onondaga County, NY | Mortgage lenders | 99% | 459 | 453 |
| Orange County, NY | Mortgage lenders | 98% | 434 | 423 |
| Southeastern Connecticut Planning Region, CT | Mortgage lenders | 95% | 440 | 415 |
| Erie County, NY | Mortgage lenders | 98% | 402 | 394 |
| Oneida County, NY | Mortgage lenders | 98% | 382 | 363 |
| Ulster County, NY | Mortgage lenders | 96% | 383 | 360 |
| Dutchess County, NY | Mortgage lenders | 98% | 368 | 356 |
The county markets where Homestead Funding Corp. made the most loans. Each link opens that market with every lender ranked.
Questions about Homestead Funding Corp.
What is Homestead Funding Corp.'s mortgage approval rate?
Homestead Funding Corp. approved 97.0% of the 12,181 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 10.6 points above the 86.5% national rate for the same mix of loan types.
How often do borrowers take the loan Homestead Funding Corp. offers?
Borrowers accepted 99% of the loans Homestead Funding Corp. 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 Homestead Funding Corp. make?
The typical home purchase mortgage loan Homestead Funding Corp. made was $275K; across all loan types its typical loan ran from $145K to $345K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Homestead Funding Corp. lend?
Homestead Funding Corp. decided applications in 42 of the states Fat Boy Data covers, most of them in New York, Connecticut and Pennsylvania.
Can I apply to Homestead Funding Corp. directly?
Yes. Homestead Funding Corp. reports as a direct lender that takes applications from borrowers. Its website is homesteadfunding.com.
Does this page show Homestead Funding Corp.'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 Homestead Funding Corp. treats applications, then get a rate quote from the lender.