Mechanics Bank (254900) mortgage approval rate & lending review
Mechanics Bank (254900) decided 1,157 mortgage applications and funded 1,015 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Mechanics Bank (254900) reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Mechanics Bank (254900) at a glance
Approval is 14.3 points above the 82.3% 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 | 99% | 704 / 711 | 91% | $175K | 638 |
| Home improvement loans | 93% | 151 / 163 | 93% | $45K | 141 |
| Refinance | 92% | 110 / 120 | 93% | $105K | 102 |
| Investment property purchase | 95% | 122 / 129 | 85% | $115K | 104 |
Mechanics Bank (254900) lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Ohio | 97% | $175K | 1,155 | 1,013 |
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 Mechanics Bank (254900) lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Richland County, OH | Mortgage lenders | 99% | 701 | 628 |
| Richland County, OH | Home improvement loans | 93% | 162 | 140 |
| Richland County, OH | Refinance | 92% | 119 | 101 |
| Richland County, OH | Investment property purchase | 94% | 126 | 101 |
The county markets where Mechanics Bank (254900) made the most loans. Each link opens that market with every lender ranked.
Questions about Mechanics Bank (254900)
What is Mechanics Bank (254900)'s mortgage approval rate?
Mechanics Bank (254900) approved 96.6% of the 1,157 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 14.3 points above the 82.3% national rate for the same mix of loan types.
How often do borrowers take the loan Mechanics Bank (254900) offers?
Borrowers accepted 91% of the loans Mechanics Bank (254900) 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 Mechanics Bank (254900) make?
The typical home purchase mortgage loan Mechanics Bank (254900) made was $175K; across all loan types its typical loan ran from $45K to $175K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Mechanics Bank (254900) lend?
Mechanics Bank (254900) decided applications in 3 of the states Fat Boy Data covers, most of them in Ohio, Montana and Pennsylvania.
Can I apply to Mechanics Bank (254900) directly?
Yes. Mechanics Bank (254900) is a bank or credit union with 179 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Mechanics Bank (254900)'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 Mechanics Bank (254900) treats applications, then get a rate quote from the lender.