Lender profile · HMDA 2023–2025
The State Bank mortgage approval rates & lending data
The State Bank decided 844 mortgage applications and funded 757 loans across the 616 counties Fat Boy Data covers, 2023–2025.
Approval by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 97% | 381 / 394 | 98% | $225K | 375 |
| Home improvement loans | 90% | 240 / 268 | 95% | $55K | 229 |
| Cash-out refinance | 76% | 41 / 54 | 95% | $145K | 39 |
| Refinance | 90% | 54 / 60 | 100% | $145K | 54 |
| Investment property purchase | 100% | 56 / 56 | 93% | $235K | 52 |
The State Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Michigan | 92% | $225K | 806 | 719 |
| Florida | 100% | $625K | 11 | 11 |
| Colorado | 100% | $245K | 4 | 4 |
| Georgia | 100% | $325K | 4 | 4 |
| North Carolina | 100% | $95K | 3 | 3 |
| Alabama | 100% | $275K | 2 | 2 |
| Arizona | 100% | $115K | 2 | 2 |
| Illinois | 100% | $55K | 2 | 2 |
| Indiana | 100% | $105K | 2 | 2 |
| New Jersey | 100% | $95K | 2 | 2 |
| Ohio | 100% | $335K | 2 | 2 |
| South Carolina | 100% | $245K | 2 | 2 |
| Kentucky | 100% | $595K | 1 | 1 |
| Nebraska | 100% | $455K | 1 | 1 |
Covers the 616 counties in the Fat Boy Data footprint, which is 79.6% of the US population — not every county in each state. Methodology.