Lender profile · HMDA 2023–2025
IncredibleBank mortgage approval rates & lending data
IncredibleBank decided 374 mortgage applications and funded 305 loans across the 616 counties Fat Boy Data covers, 2023–2025.
Approval by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 92% | 179 / 194 | 94% | $235K | 169 |
| Cash-out refinance | 63% | 17 / 27 | 76% | $145K | 13 |
| Refinance | 86% | 37 / 43 | 81% | $115K | 30 |
| Investment property purchase | 94% | 72 / 77 | 93% | $175K | 67 |
IncredibleBank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Wisconsin | 90% | $225K | 234 | 192 |
| Florida | 85% | $235K | 99 | 80 |
| Illinois | 100% | $95K | 5 | 3 |
| Arizona | 75% | $395K | 4 | 3 |
| Michigan | 75% | $285K | 4 | 3 |
| Colorado | 67% | $295K | 3 | 2 |
| Minnesota | 100% | $95K | 3 | 3 |
| Oklahoma | 67% | $295K | 3 | 2 |
| Utah | 100% | $645K | 3 | 2 |
| Arkansas | 100% | $255K | 2 | 1 |
| Indiana | 100% | $205K | 2 | 2 |
| Maryland | 100% | $135K | 2 | 2 |
| Missouri | 100% | $265K | 2 | 2 |
| Connecticut | 100% | $615K | 1 | 1 |
| District of Columbia | 100% | $355K | 1 | 1 |
Covers the 616 counties in the Fat Boy Data footprint, which is 79.6% of the US population — not every county in each state. Methodology.