Lakeland Bank mortgage approval rate & lending review
Lakeland Bank decided 2,125 mortgage applications and funded 1,487 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Lakeland Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates. For current rates and applications go to provident.bank.
Lakeland Bank at a glance
Approval is 2.6 points below the 76.8% 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 | 88% | 790 / 897 | 93% | $395K | 734 |
| Home improvement loans | 61% | 405 / 666 | 96% | $105K | 390 |
| Refinance | 71% | 271 / 380 | 97% | $145K | 262 |
| Investment property purchase | 73% | 62 / 85 | 92% | $385K | 57 |
| Investment refinance | 54% | 19 / 35 | 100% | $475K | 19 |
| Investment home improvement | 27% | 11 / 41 | 100% | $95K | 11 |
Lakeland Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| New Jersey | 75% | $395K | 2,047 | 1,446 |
| New York | 47% | $135K | 58 | 25 |
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 Lakeland Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Essex County, NJ | Mortgage lenders | 88% | 181 | 148 |
| Union County, NJ | Mortgage lenders | 89% | 176 | 147 |
| Ocean County, NJ | Mortgage lenders | 88% | 176 | 145 |
| Middlesex County, NJ | Mortgage lenders | 93% | 85 | 70 |
| Ocean County, NJ | Home improvement loans | 62% | 111 | 67 |
| Sussex County, NJ | Home improvement loans | 61% | 110 | 64 |
| Morris County, NJ | Home improvement loans | 67% | 87 | 56 |
| Passaic County, NJ | Home improvement loans | 58% | 96 | 56 |
| Somerset County, NJ | Mortgage lenders | 94% | 54 | 49 |
| Sussex County, NJ | Refinance | 83% | 59 | 49 |
| Morris County, NJ | Refinance | 74% | 66 | 47 |
| Passaic County, NJ | Refinance | 82% | 57 | 45 |
The county markets where Lakeland Bank made the most loans. Each link opens that market with every lender ranked.
Questions about Lakeland Bank
What is Lakeland Bank's mortgage approval rate?
Lakeland Bank approved 74.1% of the 2,125 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 2.6 points below the 76.8% national rate for the same mix of loan types.
How often do borrowers take the loan Lakeland Bank offers?
Borrowers accepted 94% of the loans Lakeland Bank 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 Lakeland Bank make?
The typical home purchase mortgage loan Lakeland Bank made was $395K; across all loan types its typical loan ran from $95K to $475K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Lakeland Bank lend?
Lakeland Bank decided applications in 6 of the states Fat Boy Data covers, most of them in New Jersey, New York and Pennsylvania.
Can I apply to Lakeland Bank directly?
Yes. Lakeland Bank reports as a direct lender that takes applications from borrowers. Its website is provident.bank.
Does this page show Lakeland 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 Lakeland Bank treats applications, then get a rate quote from the lender.