Preferred Bank mortgage approval rate & lending review
Preferred Bank decided 606 mortgage applications and funded 553 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Preferred Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Preferred Bank at a glance
Approval is 7.1 points above the 85.2% 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 | 95% | 410 / 430 | 99% | $595K | 406 |
| Cash-out refinance | 81% | 25 / 31 | 100% | $1.41M | 25 |
| Refinance | 84% | 26 / 31 | 100% | $555K | 26 |
| Investment property purchase | 92% | 70 / 76 | 99% | $525K | 69 |
| Investment refinance | 72% | 21 / 29 | 95% | $785K | 20 |
Preferred Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| California | 92% | $595K | 571 | 520 |
| Texas | 97% | $195K | 31 | 29 |
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.
Questions about Preferred Bank
What is Preferred Bank's mortgage approval rate?
Preferred Bank approved 92.2% of the 606 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 7.1 points above the 85.2% national rate for the same mix of loan types.
How often do borrowers take the loan Preferred Bank offers?
Borrowers accepted 99% of the loans Preferred 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 Preferred Bank make?
The typical home purchase mortgage loan Preferred Bank made was $595K; across all loan types its typical loan ran from $525K to $1.41M. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Preferred Bank lend?
Preferred Bank decided applications in 3 of the states Fat Boy Data covers, most of them in California, Texas and New York.
Can I apply to Preferred Bank directly?
Yes. Preferred Bank is a bank or credit union with 24 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Preferred 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 Preferred Bank treats applications, then get a rate quote from the lender.