Net mortgage approval rate & lending review
Net decided 615 mortgage applications and funded 492 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Net reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Net at a glance
Approval is 13.2 points above the 67.3% 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 | 88% | 77 / 88 | 99% | $165K | 76 |
| Home improvement loans | 83% | 343 / 414 | 100% | $65K | 342 |
| Cash-out refinance | 60% | 24 / 40 | 96% | $65K | 23 |
| Refinance | 72% | 33 / 46 | 100% | $85K | 33 |
Net lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Pennsylvania | 81% | $65K | 611 | 489 |
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 Net lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Lackawanna County, PA | Home improvement loans | 84% | 376 | 314 |
| Lackawanna County, PA | Mortgage lenders | 89% | 79 | 69 |
| Lackawanna County, PA | Refinance | 72% | 43 | 31 |
| Luzerne County, PA | Home improvement loans | 79% | 33 | 26 |
| Lackawanna County, PA | Cash-out refinance | 59% | 39 | 22 |
The county markets where Net made the most loans. Each link opens that market with every lender ranked.
Questions about Net
What is Net's mortgage approval rate?
Net approved 80.5% of the 615 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 13.2 points above the 67.3% national rate for the same mix of loan types.
How often do borrowers take the loan Net offers?
Borrowers accepted 99% of the loans Net approved, against 93% for all home improvement loan lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Net make?
The typical home improvement loan loan Net made was $65K; across all loan types its typical loan ran from $65K to $165K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Net lend?
Net decided applications in 5 of the states Fat Boy Data covers, most of them in Pennsylvania, Alabama and Florida.
Can I apply to Net directly?
Yes. Net is a bank or credit union with 4 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Net'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 Net treats applications, then get a rate quote from the lender.