Redwood mortgage approval rate & lending review
Redwood decided 7,088 mortgage applications and funded 5,737 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Redwood reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Redwood at a glance
Approval is 12.4 points above the 71.0% 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 | 91% | 1,719 / 1,882 | 98% | $855K | 1,676 |
| Home improvement loans | 84% | 2,621 / 3,126 | 97% | $105K | 2,537 |
| Cash-out refinance | 77% | 902 / 1,168 | 97% | $135K | 873 |
| Refinance | 65% | 143 / 221 | 96% | $165K | 137 |
| Investment property purchase | 85% | 160 / 188 | 97% | $365K | 155 |
| Investment cash-out refinance | 71% | 82 / 115 | 99% | $135K | 81 |
| Investment refinance | 68% | 27 / 40 | 93% | $175K | 25 |
| Investment home improvement | 73% | 254 / 348 | 100% | $115K | 253 |
Redwood lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| California | 83% | $135K | 7,087 | 5,737 |
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 Redwood lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Sonoma County, CA | Home improvement loans | 85% | 1,960 | 1,619 |
| San Francisco County, CA | Mortgage lenders | 97% | 689 | 662 |
| Sonoma County, CA | Mortgage lenders | 88% | 745 | 635 |
| Sonoma County, CA | Cash-out refinance | 78% | 733 | 555 |
| Marin County, CA | Home improvement loans | 84% | 541 | 443 |
| Napa County, CA | Home improvement loans | 84% | 249 | 203 |
| Marin County, CA | Cash-out refinance | 80% | 211 | 162 |
| Marin County, CA | Mortgage lenders | 92% | 180 | 161 |
| Sonoma County, CA | Refinance | 69% | 117 | 78 |
| Solano County, CA | Home improvement loans | 78% | 87 | 68 |
| Sonoma County, CA | Investment property purchase | 86% | 77 | 64 |
| Napa County, CA | Cash-out refinance | 79% | 82 | 62 |
The county markets where Redwood made the most loans. Each link opens that market with every lender ranked.
Questions about Redwood
What is Redwood's mortgage approval rate?
Redwood approved 83.4% of the 7,088 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 12.4 points above the 71.0% national rate for the same mix of loan types.
How often do borrowers take the loan Redwood offers?
Borrowers accepted 97% of the loans Redwood approved, against 93% for all home improvement loan lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Redwood make?
The typical home improvement loan loan Redwood made was $105K; across all loan types its typical loan ran from $105K to $855K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Redwood lend?
Redwood decided applications in 2 of the states Fat Boy Data covers, most of them in California and Florida.
Can I apply to Redwood directly?
Yes. Redwood 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 Redwood'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 Redwood treats applications, then get a rate quote from the lender.