Truist Bank mortgage approval rate & lending review
Truist Bank decided 120,825 mortgage applications and funded 71,612 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Truist Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Truist Bank at a glance
Approval is 12.0 points below the 74.5% 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 | 85% | 30,589 / 36,039 | 98% | $395K | 30,109 |
| Home improvement loans | 42% | 18,285 / 43,054 | 90% | $105K | 16,522 |
| Cash-out refinance | 75% | 4,008 / 5,322 | 98% | $185K | 3,948 |
| Refinance | 62% | 19,507 / 31,238 | 92% | $125K | 17,979 |
| Investment property purchase | 83% | 2,358 / 2,854 | 98% | $275K | 2,322 |
| Investment cash-out refinance | 62% | 254 / 408 | 99% | $165K | 251 |
| Investment refinance | 39% | 242 / 615 | 93% | $205K | 225 |
| Investment home improvement | 22% | 284 / 1,295 | 90% | $165K | 256 |
Truist Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Florida | 55% | $155K | 25,810 | 13,292 |
| North Carolina | 70% | $155K | 19,624 | 13,216 |
| Georgia | 59% | $205K | 15,105 | 8,360 |
| Virginia | 68% | $195K | 12,748 | 8,307 |
| Maryland | 65% | $265K | 10,714 | 6,574 |
| Pennsylvania | 62% | $105K | 7,476 | 4,354 |
| South Carolina | 65% | $105K | 6,426 | 4,005 |
| Tennessee | 60% | $125K | 6,058 | 3,470 |
| Texas | 56% | $455K | 4,828 | 2,510 |
| Kentucky | 65% | $155K | 1,965 | 1,220 |
| California | 49% | $685K | 1,716 | 794 |
| New Jersey | 57% | $155K | 1,527 | 822 |
| Alabama | 60% | $305K | 1,368 | 783 |
| District of Columbia | 61% | $685K | 1,096 | 646 |
| West Virginia | 66% | $65K | 942 | 570 |
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 Truist Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Wake County, NC | Mortgage lenders | 89% | 1,287 | 1,135 |
| Fairfax County, VA | Mortgage lenders | 92% | 1,154 | 1,045 |
| Montgomery County, MD | Mortgage lenders | 93% | 1,090 | 1,001 |
| Mecklenburg County, NC | Mortgage lenders | 90% | 977 | 869 |
| Fulton County, GA | Mortgage lenders | 84% | 1,053 | 868 |
| Loudoun County, VA | Mortgage lenders | 91% | 673 | 606 |
| Chesterfield County, VA | Mortgage lenders | 92% | 635 | 583 |
| Fairfax County, VA | Refinance | 65% | 896 | 543 |
| Montgomery County, MD | Refinance | 66% | 860 | 529 |
| Hillsborough County, FL | Mortgage lenders | 85% | 589 | 492 |
| Guilford County, NC | Mortgage lenders | 88% | 531 | 465 |
| DeKalb County, GA | Mortgage lenders | 88% | 529 | 459 |
The county markets where Truist Bank made the most loans. Each link opens that market with every lender ranked.
Questions about Truist Bank
What is Truist Bank's mortgage approval rate?
Truist Bank approved 62.5% of the 120,825 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 12.0 points below the 74.5% national rate for the same mix of loan types.
How often do borrowers take the loan Truist Bank offers?
Borrowers accepted 95% of the loans Truist Bank 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 Truist Bank make?
The typical home improvement loan loan Truist Bank made was $105K; across all loan types its typical loan ran from $105K to $395K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Truist Bank lend?
Truist Bank decided applications in 49 of the states Fat Boy Data covers, most of them in Florida, North Carolina and Georgia.
Can I apply to Truist Bank directly?
Yes. Truist Bank is a bank or credit union with 1,931 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Truist 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 Truist Bank treats applications, then get a rate quote from the lender.