U.S. Bank National Association mortgage approval rate & lending review
U.S. Bank National Association decided 224,668 mortgage applications and funded 148,172 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions U.S. Bank National Association reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
U.S. Bank National Association at a glance
Approval is 7.7 points below the 75.2% 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 | 86% | 73,189 / 85,466 | 98% | $485K | 72,014 |
| Home improvement loans | 44% | 34,484 / 78,551 | 96% | $95K | 33,227 |
| Cash-out refinance | 69% | 13,279 / 19,136 | 97% | $155K | 12,858 |
| Refinance | 83% | 20,693 / 24,874 | 97% | $375K | 20,171 |
| Investment property purchase | 79% | 7,898 / 10,040 | 98% | $405K | 7,749 |
| Investment cash-out refinance | 60% | 626 / 1,047 | 96% | $255K | 601 |
| Investment refinance | 72% | 1,236 / 1,710 | 97% | $725K | 1,203 |
| Investment home improvement | 9% | 360 / 3,844 | 97% | $195K | 349 |
U.S. Bank National Association lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| California | 67% | $825K | 61,396 | 40,499 |
| Illinois | 61% | $285K | 13,844 | 8,281 |
| Minnesota | 71% | $155K | 11,824 | 8,165 |
| Ohio | 61% | $125K | 11,438 | 6,732 |
| Florida | 62% | $425K | 10,661 | 6,521 |
| Washington | 73% | $785K | 10,654 | 7,647 |
| Colorado | 66% | $205K | 7,615 | 4,897 |
| Arizona | 63% | $445K | 7,301 | 4,476 |
| Oregon | 69% | $185K | 6,765 | 4,574 |
| Missouri | 68% | $155K | 6,153 | 4,058 |
| Wisconsin | 75% | $175K | 5,929 | 4,371 |
| Texas | 76% | $465K | 5,853 | 4,347 |
| Nevada | 58% | $305K | 5,332 | 3,018 |
| New York | 71% | $705K | 4,775 | 3,263 |
| New Jersey | 73% | $585K | 4,594 | 3,260 |
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 U.S. Bank National Association lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Los Angeles County, CA | Mortgage lenders | 84% | 3,808 | 3,127 |
| Orange County, CA | Mortgage lenders | 88% | 2,809 | 2,431 |
| Los Angeles County, CA | Home improvement loans | 40% | 5,290 | 2,025 |
| San Diego County, CA | Mortgage lenders | 87% | 2,211 | 1,905 |
| King County, WA | Mortgage lenders | 88% | 2,068 | 1,808 |
| Santa Clara County, CA | Mortgage lenders | 91% | 1,889 | 1,695 |
| Cook County, IL | Mortgage lenders | 80% | 2,064 | 1,623 |
| Alameda County, CA | Mortgage lenders | 91% | 1,749 | 1,570 |
| Los Angeles County, CA | Refinance | 81% | 1,887 | 1,482 |
| Orange County, CA | Refinance | 86% | 1,548 | 1,310 |
| Maricopa County, AZ | Mortgage lenders | 84% | 1,566 | 1,296 |
| Santa Clara County, CA | Refinance | 90% | 1,406 | 1,244 |
The county markets where U.S. Bank National Association made the most loans. Each link opens that market with every lender ranked.
Questions about U.S. Bank National Association
What is U.S. Bank National Association's mortgage approval rate?
U.S. Bank National Association approved 67.6% of the 224,668 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 7.7 points below the 75.2% national rate for the same mix of loan types.
How often do borrowers take the loan U.S. Bank National Association offers?
Borrowers accepted 98% of the loans U.S. Bank National Association 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 U.S. Bank National Association make?
The typical home purchase mortgage loan U.S. Bank National Association made was $485K; across all loan types its typical loan ran from $95K to $725K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does U.S. Bank National Association lend?
U.S. Bank National Association decided applications in 51 of the states Fat Boy Data covers, most of them in California, Illinois and Minnesota.
Can I apply to U.S. Bank National Association directly?
Yes. U.S. Bank National Association is a bank or credit union with 2,098 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show U.S. Bank National Association'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 U.S. Bank National Association treats applications, then get a rate quote from the lender.