Valley National Bank mortgage approval rate & lending review
Valley National Bank decided 9,404 mortgage applications and funded 7,088 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Valley National Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Valley National Bank at a glance
Approval is 7.7 points above the 73.7% 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% | 2,864 / 3,205 | 93% | $435K | 2,674 |
| Home improvement loans | 74% | 2,604 / 3,502 | 91% | $105K | 2,381 |
| Cash-out refinance | 80% | 1,380 / 1,722 | 92% | $205K | 1,276 |
| Refinance | 80% | 166 / 207 | 90% | $265K | 150 |
| Investment property purchase | 89% | 412 / 463 | 96% | $415K | 395 |
| Investment cash-out refinance | 78% | 73 / 93 | 95% | $355K | 69 |
| Investment refinance | 87% | 48 / 55 | 94% | $795K | 45 |
| Investment home improvement | 68% | 107 / 157 | 92% | $355K | 98 |
Valley National Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| New Jersey | 80% | $195K | 4,783 | 3,580 |
| New York | 83% | $435K | 2,258 | 1,722 |
| Florida | 80% | $255K | 1,982 | 1,473 |
| Alabama | 88% | $115K | 127 | 107 |
| Pennsylvania | 84% | $255K | 77 | 64 |
| North Carolina | 92% | $325K | 26 | 22 |
| Connecticut | 91% | $395K | 22 | 17 |
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 Valley National Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Bergen County, NJ | Home improvement loans | 77% | 445 | 316 |
| Nassau County, NY | Mortgage lenders | 95% | 307 | 270 |
| Suffolk County, NY | Mortgage lenders | 91% | 296 | 247 |
| Morris County, NJ | Home improvement loans | 85% | 266 | 212 |
| Passaic County, NJ | Home improvement loans | 72% | 313 | 211 |
| Bergen County, NJ | Cash-out refinance | 84% | 259 | 204 |
| Essex County, NJ | Home improvement loans | 69% | 285 | 179 |
| Monmouth County, NJ | Home improvement loans | 84% | 202 | 161 |
| Kings County, NY | Mortgage lenders | 87% | 201 | 161 |
| Queens County, NY | Mortgage lenders | 92% | 182 | 146 |
| Morris County, NJ | Cash-out refinance | 82% | 178 | 137 |
| Essex County, NJ | Mortgage lenders | 88% | 157 | 130 |
The county markets where Valley National Bank made the most loans. Each link opens that market with every lender ranked.
Questions about Valley National Bank
What is Valley National Bank's mortgage approval rate?
Valley National Bank approved 81.4% of the 9,404 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 7.7 points above the 73.7% national rate for the same mix of loan types.
How often do borrowers take the loan Valley National Bank offers?
Borrowers accepted 93% of the loans Valley National 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 Valley National Bank make?
The typical home improvement loan loan Valley National Bank made was $105K; across all loan types its typical loan ran from $105K to $795K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Valley National Bank lend?
Valley National Bank decided applications in 36 of the states Fat Boy Data covers, most of them in New Jersey, New York and Florida.
Can I apply to Valley National Bank directly?
Yes. Valley National Bank is a bank or credit union with 231 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Valley National 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 Valley National Bank treats applications, then get a rate quote from the lender.