Mechanics Bank mortgage approval rate & lending review
Mechanics Bank decided 1,641 mortgage applications and funded 1,271 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Mechanics Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Mechanics Bank at a glance
Approval is 1.0 points above the 78.2% 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 | 89% | 654 / 731 | 99% | $865K | 645 |
| Home improvement loans | 67% | 193 / 289 | 96% | $185K | 185 |
| Cash-out refinance | 65% | 86 / 133 | 98% | $425K | 84 |
| Refinance | 77% | 206 / 267 | 98% | $255K | 202 |
| Investment property purchase | 90% | 85 / 94 | 99% | $685K | 84 |
| Investment cash-out refinance | 65% | 22 / 34 | 86% | $545K | 19 |
| Investment refinance | 56% | 24 / 43 | 100% | $355K | 24 |
| Investment home improvement | 58% | 29 / 50 | 97% | $155K | 28 |
Mechanics Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| California | 79% | $1M | 1,412 | 1,093 |
| Washington | 83% | $555K | 192 | 154 |
| Oregon | 71% | $285K | 24 | 17 |
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 lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| San Francisco County, CA | Mortgage lenders | 90% | 91 | 81 |
| Marin County, CA | Mortgage lenders | 97% | 36 | 35 |
| Contra Costa County, CA | Home improvement loans | 76% | 46 | 31 |
| Contra Costa County, CA | Refinance | 76% | 38 | 29 |
| Monterey County, CA | Mortgage lenders | 92% | 25 | 23 |
| San Luis Obispo County, CA | Home improvement loans | 62% | 37 | 21 |
| San Luis Obispo County, CA | Refinance | 73% | 30 | 21 |
| Monterey County, CA | Refinance | 90% | 20 | 18 |
| San Luis Obispo County, CA | Mortgage lenders | 77% | 22 | 17 |
| Santa Barbara County, CA | Home improvement loans | 71% | 21 | 15 |
| Santa Barbara County, CA | Refinance | 62% | 26 | 15 |
| Alameda County, CA | Home improvement loans | 70% | 20 | 14 |
The county markets where Mechanics Bank made the most loans. Each link opens that market with every lender ranked.
Questions about Mechanics Bank
What is Mechanics Bank's mortgage approval rate?
Mechanics Bank approved 79.2% of the 1,641 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 1.0 points above the 78.2% national rate for the same mix of loan types.
How often do borrowers take the loan Mechanics Bank offers?
Borrowers accepted 98% of the loans Mechanics 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 Mechanics Bank make?
The typical home purchase mortgage loan Mechanics Bank made was $865K; across all loan types its typical loan ran from $155K to $865K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Mechanics Bank lend?
Mechanics Bank decided applications in 7 of the states Fat Boy Data covers, most of them in California, Washington and Oregon.
Can I apply to Mechanics Bank directly?
Yes. Mechanics Bank 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'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 treats applications, then get a rate quote from the lender.