Metro Bank mortgage approval rate & lending review
Metro Bank decided 272 mortgage applications and funded 246 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Metro Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Metro Bank at a glance
Approval is 15.5 points above the 80.4% 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 | 93% | 42 / 45 | 98% | $185K | 41 |
| Refinance | 89% | 25 / 28 | 92% | $55K | 23 |
| Investment property purchase | 99% | 90 / 91 | 94% | $185K | 85 |
| Investment refinance | 99% | 81 / 82 | 95% | $95K | 77 |
Metro Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Alabama | 96% | $185K | 265 | 239 |
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 Metro Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Etowah County, AL | Mortgage lenders | 100% | 27 | 26 |
| Calhoun County, AL | Investment property purchase | 100% | 26 | 25 |
| Etowah County, AL | Investment property purchase | 100% | 22 | 19 |
| Etowah County, AL | Refinance | 86% | 22 | 17 |
The county markets where Metro Bank made the most loans. Each link opens that market with every lender ranked.
Questions about Metro Bank
What is Metro Bank's mortgage approval rate?
Metro Bank approved 96.0% of the 272 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 15.5 points above the 80.4% national rate for the same mix of loan types.
How often do borrowers take the loan Metro Bank offers?
Borrowers accepted 94% of the loans Metro Bank approved, against 95% for all investment property mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Metro Bank make?
The typical investment property mortgage loan Metro Bank made was $185K; across all loan types its typical loan ran from $55K to $185K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Metro Bank lend?
Metro Bank decided applications in 3 of the states Fat Boy Data covers, most of them in Alabama, Georgia and Florida.
Can I apply to Metro Bank directly?
Yes. Metro Bank is a bank or credit union with 9 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Metro 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 Metro Bank treats applications, then get a rate quote from the lender.