Lower, LLC mortgage approval rate & lending review
Lower, LLC decided 42,514 mortgage applications and funded 36,084 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Lower, LLC reported under the Home Mortgage Disclosure Act, not its advertised interest rates. For current rates and applications go to lower.com.
Lower, LLC at a glance
Approval is 3.0 points above the 83.6% 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 | 92% | 27,381 / 29,901 | 99% | $305K | 26,991 |
| Cash-out refinance | 68% | 4,555 / 6,671 | 96% | $245K | 4,394 |
| Refinance | 77% | 2,246 / 2,926 | 96% | $345K | 2,167 |
| Investment property purchase | 91% | 2,088 / 2,295 | 98% | $195K | 2,040 |
| Investment cash-out refinance | 73% | 383 / 524 | 96% | $155K | 367 |
| Investment refinance | 69% | 133 / 194 | 93% | $255K | 124 |
Lower, LLC lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Texas | 93% | $395K | 5,863 | 5,281 |
| Florida | 83% | $305K | 5,195 | 4,261 |
| Ohio | 89% | $265K | 3,956 | 3,401 |
| Illinois | 88% | $315K | 3,075 | 2,673 |
| South Carolina | 90% | $255K | 2,894 | 2,588 |
| Colorado | 91% | $385K | 2,422 | 2,176 |
| Maryland | 84% | $375K | 1,875 | 1,545 |
| Georgia | 79% | $295K | 1,788 | 1,370 |
| North Carolina | 87% | $285K | 1,718 | 1,483 |
| Virginia | 86% | $435K | 1,175 | 1,000 |
| Iowa | 93% | $235K | 1,041 | 963 |
| Pennsylvania | 79% | $225K | 833 | 643 |
| California | 71% | $355K | 809 | 554 |
| Louisiana | 89% | $225K | 808 | 713 |
| Indiana | 88% | $225K | 788 | 680 |
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 Lower, LLC lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Franklin County, OH | Mortgage lenders | 93% | 1,094 | 1,003 |
| Cook County, IL | Mortgage lenders | 89% | 744 | 657 |
| Collin County, TX | Mortgage lenders | 97% | 543 | 518 |
| Dallas County, TX | Mortgage lenders | 97% | 491 | 466 |
| Greenville County, SC | Mortgage lenders | 96% | 482 | 464 |
| Denton County, TX | Mortgage lenders | 97% | 467 | 446 |
| Lee County, FL | Mortgage lenders | 92% | 485 | 441 |
| Prince George's County, MD | Mortgage lenders | 86% | 506 | 429 |
| Scott County, IA | Mortgage lenders | 94% | 419 | 390 |
| Broward County, FL | Mortgage lenders | 83% | 443 | 362 |
| Hidalgo County, TX | Mortgage lenders | 93% | 385 | 351 |
| Tarrant County, TX | Mortgage lenders | 92% | 385 | 345 |
The county markets where Lower, LLC made the most loans. Each link opens that market with every lender ranked.
Questions about Lower, LLC
What is Lower, LLC's mortgage approval rate?
Lower, LLC approved 86.5% of the 42,514 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 3.0 points above the 83.6% national rate for the same mix of loan types.
How often do borrowers take the loan Lower, LLC offers?
Borrowers accepted 98% of the loans Lower, LLC 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 Lower, LLC make?
The typical home purchase mortgage loan Lower, LLC made was $305K; across all loan types its typical loan ran from $155K to $345K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Lower, LLC lend?
Lower, LLC decided applications in 46 of the states Fat Boy Data covers, most of them in Texas, Florida and Ohio.
Can I apply to Lower, LLC directly?
Yes. Lower, LLC reports as a direct lender that takes applications from borrowers. Its website is lower.com.
Does this page show Lower, LLC'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 Lower, LLC treats applications, then get a rate quote from the lender.