Southwest Funding, Lp mortgage approval rate & lending review
Southwest Funding, Lp decided 4,798 mortgage applications and funded 4,455 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Southwest Funding, Lp reported under the Home Mortgage Disclosure Act, not its advertised interest rates. For current rates and applications go to southwestfunding.com.
Southwest Funding, Lp at a glance
Approval is 8.9 points above the 85.9% 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% | 3,915 / 4,107 | 98% | $265K | 3,851 |
| Cash-out refinance | 90% | 232 / 257 | 97% | $215K | 225 |
| Refinance | 92% | 226 / 245 | 93% | $285K | 211 |
| Investment property purchase | 94% | 130 / 139 | 97% | $175K | 126 |
| Investment cash-out refinance | 83% | 34 / 41 | 97% | $115K | 33 |
Southwest Funding, Lp lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Texas | 95% | $265K | 2,302 | 2,149 |
| Tennessee | 95% | $305K | 500 | 466 |
| Louisiana | 91% | $205K | 432 | 385 |
| Alabama | 99% | $215K | 305 | 294 |
| Colorado | 99% | $335K | 223 | 217 |
| Oklahoma | 89% | $195K | 143 | 123 |
| Michigan | 89% | $175K | 130 | 114 |
| Indiana | 94% | $225K | 127 | 119 |
| South Carolina | 95% | $225K | 111 | 106 |
| Florida | 89% | $215K | 84 | 74 |
| Ohio | 97% | $185K | 77 | 73 |
| Mississippi | 97% | $315K | 60 | 58 |
| Washington | 96% | $315K | 57 | 52 |
| New Mexico | 98% | $335K | 52 | 50 |
| Oregon | 90% | $455K | 51 | 46 |
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 Southwest Funding, Lp lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Dallas County, TX | Mortgage lenders | 96% | 290 | 271 |
| Montgomery County, TN | Mortgage lenders | 98% | 223 | 216 |
| Jefferson Parish, LA | Mortgage lenders | 92% | 131 | 118 |
| Shelby County, TN | Mortgage lenders | 96% | 112 | 105 |
| Tuscaloosa County, AL | Mortgage lenders | 99% | 91 | 88 |
| Webb County, TX | Mortgage lenders | 99% | 88 | 84 |
| Jefferson County, TX | Mortgage lenders | 97% | 88 | 83 |
| Hidalgo County, TX | Mortgage lenders | 99% | 74 | 71 |
| Kaufman County, TX | Mortgage lenders | 97% | 60 | 57 |
| Calhoun County, AL | Mortgage lenders | 100% | 53 | 52 |
| Cameron County, TX | Mortgage lenders | 93% | 59 | 52 |
| Comal County, TX | Mortgage lenders | 96% | 50 | 48 |
The county markets where Southwest Funding, Lp made the most loans. Each link opens that market with every lender ranked.
Questions about Southwest Funding, Lp
What is Southwest Funding, Lp's mortgage approval rate?
Southwest Funding, Lp approved 94.7% of the 4,798 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 8.9 points above the 85.9% national rate for the same mix of loan types.
How often do borrowers take the loan Southwest Funding, Lp offers?
Borrowers accepted 98% of the loans Southwest Funding, Lp 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 Southwest Funding, Lp make?
The typical home purchase mortgage loan Southwest Funding, Lp made was $265K; across all loan types its typical loan ran from $115K to $285K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Southwest Funding, Lp lend?
Southwest Funding, Lp decided applications in 27 of the states Fat Boy Data covers, most of them in Texas, Tennessee and Louisiana.
Can I apply to Southwest Funding, Lp directly?
Yes. Southwest Funding, Lp reports as a direct lender that takes applications from borrowers. Its website is southwestfunding.com.
Does this page show Southwest Funding, Lp'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 Southwest Funding, Lp treats applications, then get a rate quote from the lender.