Neighborhood Loans, Inc. mortgage approval rate & lending review
Neighborhood Loans, Inc. decided 23,693 mortgage applications and funded 15,766 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Neighborhood Loans, Inc. reported under the Home Mortgage Disclosure Act, not its advertised interest rates. For current rates and applications go to neighborhoodloans.com.
Neighborhood Loans, Inc. at a glance
Approval is 18.3 points below the 85.9% 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 | 72% | 13,405 / 18,683 | 99% | $215K | 13,241 |
| Cash-out refinance | 41% | 434 / 1,066 | 97% | $215K | 421 |
| Refinance | 34% | 342 / 1,012 | 92% | $305K | 315 |
| Investment property purchase | 72% | 1,610 / 2,240 | 98% | $125K | 1,578 |
| Investment cash-out refinance | 32% | 163 / 505 | 98% | $135K | 159 |
| Investment refinance | 28% | 51 / 184 | 98% | $125K | 50 |
Neighborhood Loans, Inc. lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Illinois | 66% | $205K | 11,218 | 7,301 |
| Michigan | 84% | $255K | 3,203 | 2,683 |
| Texas | 60% | $285K | 2,804 | 1,654 |
| South Carolina | 67% | $255K | 832 | 553 |
| Arizona | 60% | $415K | 808 | 479 |
| Tennessee | 72% | $115K | 686 | 489 |
| Kansas | 70% | $205K | 588 | 411 |
| Missouri | 72% | $215K | 573 | 405 |
| Florida | 44% | $15K | 504 | 216 |
| California | 46% | $615K | 421 | 185 |
| Ohio | 81% | $265K | 317 | 252 |
| Alabama | 66% | $115K | 300 | 194 |
| Indiana | 66% | $195K | 241 | 156 |
| Minnesota | 85% | $285K | 240 | 200 |
| Arkansas | 78% | $125K | 174 | 133 |
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 Neighborhood Loans, Inc. lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Cook County, IL | Mortgage lenders | 68% | 6,160 | 4,097 |
| Kent County, MI | Mortgage lenders | 91% | 1,361 | 1,230 |
| Will County, IL | Mortgage lenders | 72% | 970 | 689 |
| DuPage County, IL | Mortgage lenders | 75% | 804 | 596 |
| Shelby County, TN | Investment property purchase | 80% | 527 | 418 |
| Tarrant County, TX | Mortgage lenders | 71% | 563 | 396 |
| Kane County, IL | Mortgage lenders | 68% | 555 | 374 |
| Horry County, SC | Mortgage lenders | 73% | 506 | 368 |
| Ottawa County, MI | Mortgage lenders | 86% | 391 | 336 |
| Lake County, IL | Mortgage lenders | 74% | 426 | 315 |
| Sedgwick County, KS | Mortgage lenders | 73% | 428 | 310 |
| Kalamazoo County, MI | Mortgage lenders | 79% | 311 | 245 |
The county markets where Neighborhood Loans, Inc. made the most loans. Each link opens that market with every lender ranked.
Questions about Neighborhood Loans, Inc.
What is Neighborhood Loans, Inc.'s mortgage approval rate?
Neighborhood Loans, Inc. approved 67.6% of the 23,693 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 18.3 points below the 85.9% national rate for the same mix of loan types.
How often do borrowers take the loan Neighborhood Loans, Inc. offers?
Borrowers accepted 98% of the loans Neighborhood Loans, Inc. 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 Neighborhood Loans, Inc. make?
The typical home purchase mortgage loan Neighborhood Loans, Inc. made was $215K; across all loan types its typical loan ran from $125K to $305K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Neighborhood Loans, Inc. lend?
Neighborhood Loans, Inc. decided applications in 41 of the states Fat Boy Data covers, most of them in Illinois, Michigan and Texas.
Can I apply to Neighborhood Loans, Inc. directly?
Yes. Neighborhood Loans, Inc. reports as a direct lender that takes applications from borrowers. Its website is neighborhoodloans.com.
Does this page show Neighborhood Loans, Inc.'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 Neighborhood Loans, Inc. treats applications, then get a rate quote from the lender.