Pennymac Loan Services, LLC mortgage approval rate & lending review
Pennymac Loan Services, LLC decided 193,971 mortgage applications and funded 150,918 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Pennymac Loan Services, LLC reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Pennymac Loan Services, LLC at a glance
Approval is 1.5 points above the 79.3% 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 | 85% | 66,892 / 78,448 | 99% | $405K | 66,219 |
| Cash-out refinance | 70% | 37,921 / 54,536 | 96% | $205K | 36,532 |
| Refinance | 87% | 37,405 / 43,028 | 91% | $345K | 33,933 |
| Investment property purchase | 86% | 10,454 / 12,156 | 99% | $305K | 10,351 |
| Investment cash-out refinance | 62% | 1,943 / 3,132 | 97% | $265K | 1,892 |
| Investment refinance | 77% | 2,059 / 2,668 | 97% | $345K | 1,991 |
Pennymac Loan Services, LLC lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| California | 80% | $735K | 23,292 | 18,144 |
| Florida | 77% | $385K | 23,268 | 17,258 |
| Texas | 79% | $335K | 15,588 | 11,663 |
| Georgia | 80% | $335K | 9,434 | 7,230 |
| Pennsylvania | 83% | $295K | 9,419 | 7,630 |
| North Carolina | 85% | $315K | 7,809 | 6,290 |
| New Jersey | 79% | $455K | 7,417 | 5,683 |
| Arizona | 82% | $435K | 6,627 | 5,227 |
| Virginia | 84% | $365K | 5,851 | 4,633 |
| Washington | 85% | $535K | 5,844 | 4,836 |
| New York | 81% | $555K | 5,502 | 4,359 |
| Illinois | 79% | $305K | 5,293 | 4,023 |
| Maryland | 78% | $455K | 5,236 | 3,898 |
| Ohio | 82% | $235K | 5,096 | 3,972 |
| Colorado | 84% | $485K | 4,369 | 3,543 |
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 Pennymac Loan Services, LLC lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Los Angeles County, CA | Mortgage lenders | 81% | 1,854 | 1,486 |
| Maricopa County, AZ | Mortgage lenders | 86% | 1,577 | 1,343 |
| San Diego County, CA | Mortgage lenders | 85% | 1,528 | 1,272 |
| Miami-Dade County, FL | Mortgage lenders | 74% | 1,313 | 960 |
| Broward County, FL | Mortgage lenders | 79% | 1,207 | 939 |
| Maricopa County, AZ | Cash-out refinance | 74% | 1,206 | 863 |
| Harris County, TX | Mortgage lenders | 81% | 1,069 | 859 |
| Cook County, IL | Mortgage lenders | 82% | 1,038 | 834 |
| Riverside County, CA | Mortgage lenders | 84% | 995 | 829 |
| King County, WA | Mortgage lenders | 88% | 886 | 780 |
| Hennepin County, MN | Mortgage lenders | 90% | 780 | 692 |
| Maricopa County, AZ | Refinance | 88% | 839 | 683 |
The county markets where Pennymac Loan Services, LLC made the most loans. Each link opens that market with every lender ranked.
Questions about Pennymac Loan Services, LLC
What is Pennymac Loan Services, LLC's mortgage approval rate?
Pennymac Loan Services, LLC approved 80.8% of the 193,971 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 1.5 points above the 79.3% national rate for the same mix of loan types.
How often do borrowers take the loan Pennymac Loan Services, LLC offers?
Borrowers accepted 96% of the loans Pennymac Loan Services, LLC 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 Pennymac Loan Services, LLC make?
The typical home purchase mortgage loan Pennymac Loan Services, LLC made was $405K; across all loan types its typical loan ran from $205K to $405K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Pennymac Loan Services, LLC lend?
Pennymac Loan Services, LLC decided applications in 51 of the states Fat Boy Data covers, most of them in California, Florida and Texas.
Can I apply to Pennymac Loan Services, LLC directly?
Yes. Pennymac Loan Services, LLC reports as a direct lender that takes applications from borrowers.
Does this page show Pennymac Loan Services, 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 Pennymac Loan Services, LLC treats applications, then get a rate quote from the lender.