Paramount Bank mortgage approval rate & lending review
Paramount Bank decided 1,031 mortgage applications and funded 949 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Paramount Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Paramount Bank at a glance
Approval is 7.1 points above the 85.5% 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% | 768 / 823 | 99% | $295K | 764 |
| Cash-out refinance | 83% | 52 / 63 | 100% | $225K | 52 |
| Refinance | 94% | 51 / 54 | 100% | $335K | 51 |
| Investment property purchase | 95% | 59 / 62 | 100% | $265K | 59 |
Paramount Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Missouri | 97% | $295K | 394 | 383 |
| Illinois | 86% | $235K | 138 | 117 |
| Florida | 92% | $275K | 109 | 98 |
| California | 90% | $545K | 49 | 43 |
| North Carolina | 98% | $275K | 47 | 45 |
| South Carolina | 95% | $285K | 40 | 38 |
| Oregon | 80% | $405K | 30 | 24 |
| Texas | 95% | $425K | 20 | 19 |
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 Paramount Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| St. Charles County, MO | Mortgage lenders | 96% | 132 | 127 |
| St. Louis County, MO | Mortgage lenders | 100% | 51 | 51 |
| St. Louis city, MO | Mortgage lenders | 100% | 51 | 51 |
| Jefferson County, MO | Mortgage lenders | 93% | 44 | 41 |
| Madison County, IL | Mortgage lenders | 89% | 36 | 32 |
The county markets where Paramount Bank made the most loans. Each link opens that market with every lender ranked.
Questions about Paramount Bank
What is Paramount Bank's mortgage approval rate?
Paramount Bank approved 92.6% of the 1,031 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 7.1 points above the 85.5% national rate for the same mix of loan types.
How often do borrowers take the loan Paramount Bank offers?
Borrowers accepted 99% of the loans Paramount Bank 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 Paramount Bank make?
The typical home purchase mortgage loan Paramount Bank made was $295K; across all loan types its typical loan ran from $225K to $335K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Paramount Bank lend?
Paramount Bank decided applications in 41 of the states Fat Boy Data covers, most of them in Missouri, Illinois and Florida.
Can I apply to Paramount Bank directly?
Yes. Paramount Bank is a bank or credit union with 3 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Paramount 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 Paramount Bank treats applications, then get a rate quote from the lender.