Newrez LLC mortgage approval rate & lending review
Newrez LLC decided 194,026 mortgage applications and funded 122,272 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Newrez LLC reported under the Home Mortgage Disclosure Act, not its advertised interest rates. For current rates and applications go to newrez.com.
Newrez LLC at a glance
Approval is 12.3 points below the 76.4% 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 | 89% | 53,714 / 60,100 | 99% | $355K | 53,255 |
| Home improvement loans | 75% | 101 / 135 | 98% | $195K | 99 |
| Cash-out refinance | 46% | 41,924 / 90,214 | 98% | $125K | 41,171 |
| Refinance | 65% | 18,353 / 28,373 | 96% | $375K | 17,530 |
| Investment property purchase | 84% | 6,498 / 7,722 | 98% | $255K | 6,385 |
| Investment cash-out refinance | 49% | 2,756 / 5,639 | 98% | $195K | 2,706 |
| Investment refinance | 63% | 1,141 / 1,821 | 98% | $325K | 1,116 |
Newrez LLC lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Florida | 59% | $355K | 23,688 | 13,756 |
| California | 61% | $545K | 18,997 | 11,430 |
| Texas | 57% | $305K | 14,453 | 8,096 |
| New York | 60% | $485K | 9,694 | 5,702 |
| New Jersey | 57% | $125K | 7,803 | 4,402 |
| Pennsylvania | 65% | $285K | 7,637 | 4,848 |
| Illinois | 62% | $275K | 7,373 | 4,451 |
| Georgia | 56% | $145K | 6,886 | 3,767 |
| North Carolina | 70% | $265K | 6,442 | 4,450 |
| Washington | 77% | $505K | 6,425 | 4,900 |
| Ohio | 68% | $225K | 6,240 | 4,185 |
| Maryland | 60% | $465K | 6,072 | 3,585 |
| Arizona | 66% | $425K | 5,293 | 3,449 |
| Indiana | 72% | $225K | 5,263 | 3,709 |
| Michigan | 67% | $225K | 5,251 | 3,450 |
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 Newrez LLC lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Cook County, IL | Mortgage lenders | 84% | 1,094 | 911 |
| Maricopa County, AZ | Cash-out refinance | 55% | 1,576 | 846 |
| Los Angeles County, CA | Cash-out refinance | 37% | 2,151 | 774 |
| Onslow County, NC | Mortgage lenders | 97% | 793 | 767 |
| Maricopa County, AZ | Mortgage lenders | 88% | 843 | 739 |
| King County, WA | Mortgage lenders | 94% | 724 | 676 |
| San Diego County, CA | Mortgage lenders | 92% | 728 | 664 |
| Marion County, IN | Mortgage lenders | 92% | 728 | 661 |
| Miami-Dade County, FL | Mortgage lenders | 79% | 809 | 631 |
| Pierce County, WA | Mortgage lenders | 95% | 629 | 595 |
| Cook County, IL | Cash-out refinance | 39% | 1,558 | 594 |
| Matanuska-Susitna Borough, AK | Mortgage lenders | 98% | 588 | 575 |
The county markets where Newrez LLC made the most loans. Each link opens that market with every lender ranked.
Questions about Newrez LLC
What is Newrez LLC's mortgage approval rate?
Newrez LLC approved 64.2% of the 194,026 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 12.3 points below the 76.4% national rate for the same mix of loan types.
How often do borrowers take the loan Newrez LLC offers?
Borrowers accepted 98% of the loans Newrez LLC approved, against 94% for all cash-out refinance lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Newrez LLC make?
The typical cash-out refinance loan Newrez LLC made was $125K; across all loan types its typical loan ran from $125K to $375K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Newrez LLC lend?
Newrez LLC decided applications in 51 of the states Fat Boy Data covers, most of them in Florida, California and Texas.
Can I apply to Newrez LLC directly?
Yes. Newrez LLC reports as a direct lender that takes applications from borrowers. Its website is newrez.com.
Does this page show Newrez LLC'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 Newrez LLC treats applications, then get a rate quote from the lender.