The Federal Savings Bank mortgage approval rate & lending review
The Federal Savings Bank decided 25,717 mortgage applications and funded 20,233 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions The Federal Savings Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
The Federal Savings Bank at a glance
Approval is 3.6 points above the 77.0% 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 | 90% | 9,045 / 10,039 | 99% | $305K | 8,929 |
| Home improvement loans | 78% | 302 / 388 | 98% | $105K | 295 |
| Cash-out refinance | 74% | 9,340 / 12,606 | 97% | $335K | 9,039 |
| Refinance | 67% | 832 / 1,251 | 95% | $365K | 789 |
| Investment property purchase | 89% | 964 / 1,079 | 98% | $255K | 944 |
| Investment cash-out refinance | 66% | 116 / 176 | 97% | $265K | 113 |
| Investment refinance | 68% | 89 / 131 | 99% | $265K | 88 |
| Investment home improvement | 79% | 37 / 47 | 97% | $175K | 36 |
The Federal Savings Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Illinois | 88% | $255K | 3,752 | 3,245 |
| New York | 84% | $595K | 2,362 | 1,928 |
| Florida | 78% | $345K | 1,671 | 1,268 |
| New Jersey | 85% | $415K | 1,465 | 1,225 |
| North Carolina | 83% | $305K | 1,182 | 959 |
| California | 71% | $525K | 1,149 | 778 |
| Georgia | 75% | $335K | 1,084 | 783 |
| Indiana | 83% | $195K | 985 | 804 |
| Virginia | 84% | $365K | 919 | 757 |
| Ohio | 83% | $245K | 913 | 754 |
| Pennsylvania | 80% | $195K | 811 | 633 |
| Maryland | 77% | $415K | 796 | 594 |
| Washington | 79% | $465K | 724 | 553 |
| Arizona | 77% | $405K | 704 | 527 |
| Tennessee | 81% | $305K | 618 | 496 |
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 The Federal Savings Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Cook County, IL | Mortgage lenders | 90% | 1,785 | 1,592 |
| Suffolk County, NY | Mortgage lenders | 87% | 531 | 453 |
| Will County, IL | Mortgage lenders | 95% | 315 | 296 |
| Queens County, NY | Mortgage lenders | 89% | 347 | 295 |
| Marion County, IN | Mortgage lenders | 86% | 315 | 269 |
| Maricopa County, AZ | Cash-out refinance | 76% | 279 | 206 |
| Nassau County, NY | Mortgage lenders | 90% | 230 | 204 |
| Kane County, IL | Mortgage lenders | 94% | 185 | 172 |
| DuPage County, IL | Mortgage lenders | 93% | 179 | 166 |
| Lake County, IL | Mortgage lenders | 87% | 191 | 165 |
| Ocean County, NJ | Mortgage lenders | 96% | 170 | 162 |
| Allen County, OH | Mortgage lenders | 95% | 164 | 155 |
The county markets where The Federal Savings Bank made the most loans. Each link opens that market with every lender ranked.
Questions about The Federal Savings Bank
What is The Federal Savings Bank's mortgage approval rate?
The Federal Savings Bank approved 80.6% of the 25,717 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 3.6 points above the 77.0% national rate for the same mix of loan types.
How often do borrowers take the loan The Federal Savings Bank offers?
Borrowers accepted 98% of the loans The Federal Savings Bank approved, against 94% for all cash-out refinance lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does The Federal Savings Bank make?
The typical cash-out refinance loan The Federal Savings Bank made was $335K; across all loan types its typical loan ran from $105K to $365K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does The Federal Savings Bank lend?
The Federal Savings Bank decided applications in 51 of the states Fat Boy Data covers, most of them in Illinois, New York and Florida.
Can I apply to The Federal Savings Bank directly?
Yes. The Federal Savings Bank is a bank or credit union with 2 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show The Federal Savings 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 The Federal Savings Bank treats applications, then get a rate quote from the lender.