Lake City Bank mortgage approval rate & lending review
Lake City Bank decided 1,489 mortgage applications and funded 1,260 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Lake City Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Lake City Bank at a glance
Approval is 15.3 points above the 75.1% 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 | 94% | 223 / 236 | 89% | $235K | 199 |
| Home improvement loans | 86% | 25 / 29 | 92% | $115K | 23 |
| Cash-out refinance | 85% | 469 / 552 | 94% | $115K | 439 |
| Refinance | 95% | 518 / 548 | 94% | $55K | 489 |
| Investment property purchase | 94% | 46 / 49 | 100% | $285K | 46 |
| Investment refinance | 91% | 53 / 58 | 100% | $305K | 53 |
Lake City Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Indiana | 90% | $115K | 1,461 | 1,234 |
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 Lake City Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Elkhart County, IN | Refinance | 95% | 299 | 266 |
| Elkhart County, IN | Cash-out refinance | 87% | 209 | 176 |
| Allen County, IN | Cash-out refinance | 86% | 134 | 110 |
| Allen County, IN | Refinance | 98% | 108 | 99 |
| St. Joseph County, IN | Refinance | 90% | 72 | 64 |
| Allen County, IN | Mortgage lenders | 96% | 71 | 63 |
| Elkhart County, IN | Mortgage lenders | 97% | 72 | 63 |
| St. Joseph County, IN | Cash-out refinance | 88% | 72 | 59 |
| Hamilton County, IN | Cash-out refinance | 72% | 60 | 40 |
| Marion County, IN | Cash-out refinance | 85% | 53 | 36 |
| Hamilton County, IN | Refinance | 95% | 37 | 33 |
| St. Joseph County, IN | Mortgage lenders | 88% | 26 | 20 |
The county markets where Lake City Bank made the most loans. Each link opens that market with every lender ranked.
Questions about Lake City Bank
What is Lake City Bank's mortgage approval rate?
Lake City Bank approved 90.5% of the 1,489 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 15.3 points above the 75.1% national rate for the same mix of loan types.
How often do borrowers take the loan Lake City Bank offers?
Borrowers accepted 94% of the loans Lake City Bank approved, against 94% for all cash-out refinance lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Lake City Bank make?
The typical cash-out refinance loan Lake City Bank made was $115K; across all loan types its typical loan ran from $55K to $305K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Lake City Bank lend?
Lake City Bank decided applications in 9 of the states Fat Boy Data covers, most of them in Indiana, Florida and Michigan.
Can I apply to Lake City Bank directly?
Yes. Lake City Bank is a bank or credit union with 56 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Lake City 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 Lake City Bank treats applications, then get a rate quote from the lender.