TrustCo Bank mortgage approval rate & lending review
TrustCo Bank decided 6,995 mortgage applications and funded 5,152 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions TrustCo Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
TrustCo Bank at a glance
Approval is 1.0 points above the 77.2% 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 | 89% | 2,630 / 2,946 | 93% | $365K | 2,438 |
| Home improvement loans | 64% | 870 / 1,350 | 96% | $75K | 834 |
| Cash-out refinance | 62% | 858 / 1,376 | 93% | $145K | 796 |
| Refinance | 86% | 857 / 994 | 98% | $135K | 839 |
| Investment property purchase | 84% | 201 / 239 | 96% | $225K | 192 |
| Investment cash-out refinance | 62% | 28 / 45 | 89% | $235K | 25 |
| Investment refinance | 69% | 22 / 32 | 95% | $125K | 21 |
TrustCo Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| New York | 80% | $115K | 3,916 | 2,973 |
| Florida | 77% | $435K | 2,915 | 2,070 |
| New Jersey | 71% | $465K | 114 | 76 |
| Massachusetts | 67% | $75K | 49 | 32 |
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 TrustCo Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Saratoga County, NY | Mortgage lenders | 94% | 381 | 339 |
| Albany County, NY | Mortgage lenders | 92% | 372 | 321 |
| Schenectady County, NY | Mortgage lenders | 92% | 280 | 247 |
| Albany County, NY | Home improvement loans | 75% | 238 | 172 |
| Rensselaer County, NY | Mortgage lenders | 91% | 192 | 162 |
| Saratoga County, NY | Home improvement loans | 70% | 225 | 155 |
| Pasco County, FL | Mortgage lenders | 87% | 201 | 153 |
| Saratoga County, NY | Cash-out refinance | 77% | 167 | 120 |
| Sarasota County, FL | Mortgage lenders | 92% | 133 | 110 |
| Albany County, NY | Refinance | 89% | 125 | 110 |
| Albany County, NY | Cash-out refinance | 68% | 173 | 107 |
| Saratoga County, NY | Refinance | 92% | 120 | 106 |
The county markets where TrustCo Bank made the most loans. Each link opens that market with every lender ranked.
Questions about TrustCo Bank
What is TrustCo Bank's mortgage approval rate?
TrustCo Bank approved 78.2% of the 6,995 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 1.0 points above the 77.2% national rate for the same mix of loan types.
How often do borrowers take the loan TrustCo Bank offers?
Borrowers accepted 94% of the loans TrustCo Bank 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 TrustCo Bank make?
The typical home purchase mortgage loan TrustCo Bank made was $365K; across all loan types its typical loan ran from $75K to $365K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does TrustCo Bank lend?
TrustCo Bank decided applications in 5 of the states Fat Boy Data covers, most of them in New York, Florida and New Jersey.
Can I apply to TrustCo Bank directly?
Yes. TrustCo Bank is a bank or credit union with 134 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show TrustCo 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 TrustCo Bank treats applications, then get a rate quote from the lender.