NexBank mortgage approval rate & lending review
NexBank decided 15,267 mortgage applications and funded 13,244 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions NexBank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
NexBank at a glance
Approval is 3.8 points above the 84.7% 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 | 92% | 8,212 / 8,957 | 98% | $365K | 8,058 |
| Cash-out refinance | 82% | 561 / 684 | 95% | $325K | 534 |
| Refinance | 85% | 1,173 / 1,376 | 98% | $505K | 1,146 |
| Investment property purchase | 88% | 2,594 / 2,955 | 98% | $325K | 2,554 |
| Investment cash-out refinance | 72% | 330 / 456 | 98% | $385K | 322 |
| Investment refinance | 77% | 647 / 839 | 97% | $425K | 630 |
NexBank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Texas | 90% | $345K | 3,559 | 3,145 |
| California | 85% | $815K | 2,699 | 2,240 |
| Georgia | 92% | $375K | 1,378 | 1,240 |
| Florida | 82% | $315K | 911 | 728 |
| Illinois | 90% | $335K | 798 | 704 |
| Arizona | 90% | $395K | 742 | 653 |
| Washington | 86% | $575K | 713 | 600 |
| Pennsylvania | 89% | $265K | 366 | 321 |
| Minnesota | 90% | $295K | 360 | 321 |
| Colorado | 86% | $445K | 331 | 282 |
| Virginia | 94% | $325K | 327 | 302 |
| Tennessee | 92% | $275K | 321 | 289 |
| Wisconsin | 93% | $245K | 295 | 273 |
| North Carolina | 89% | $365K | 275 | 241 |
| Maryland | 88% | $405K | 212 | 180 |
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 NexBank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Collin County, TX | Mortgage lenders | 94% | 307 | 281 |
| Dallas County, TX | Mortgage lenders | 95% | 297 | 276 |
| Denton County, TX | Mortgage lenders | 94% | 275 | 253 |
| Travis County, TX | Mortgage lenders | 94% | 232 | 217 |
| Fulton County, GA | Mortgage lenders | 90% | 197 | 174 |
| Cobb County, GA | Mortgage lenders | 94% | 156 | 145 |
| Maricopa County, AZ | Investment property purchase | 93% | 131 | 121 |
| Knox County, TN | Mortgage lenders | 94% | 123 | 114 |
| Chatham County, GA | Mortgage lenders | 94% | 120 | 111 |
| Los Angeles County, CA | Investment property purchase | 89% | 117 | 99 |
| DeKalb County, GA | Mortgage lenders | 91% | 106 | 93 |
| Alameda County, CA | Mortgage lenders | 92% | 96 | 86 |
The county markets where NexBank made the most loans. Each link opens that market with every lender ranked.
Questions about NexBank
What is NexBank's mortgage approval rate?
NexBank approved 88.5% of the 15,267 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 3.8 points above the 84.7% national rate for the same mix of loan types.
How often do borrowers take the loan NexBank offers?
Borrowers accepted 98% of the loans NexBank 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 NexBank make?
The typical home purchase mortgage loan NexBank made was $365K; across all loan types its typical loan ran from $325K to $505K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does NexBank lend?
NexBank decided applications in 48 of the states Fat Boy Data covers, most of them in Texas, California and Georgia.
Can I apply to NexBank directly?
Yes. NexBank is a bank or credit union with 2 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show NexBank'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 NexBank treats applications, then get a rate quote from the lender.