Lender profile · HMDA 2023–2025
Waterman Bank mortgage approval rates & lending data
Waterman Bank decided 987 mortgage applications and funded 919 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 | 95% | 671 / 704 | 99% | $335K | 662 |
| Cash-out refinance | 96% | 43 / 45 | 95% | $215K | 41 |
| Refinance | 97% | 111 / 115 | 98% | $465K | 109 |
| Investment property purchase | 90% | 75 / 83 | 97% | $335K | 73 |
Waterman Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Illinois | 95% | $335K | 754 | 708 |
| Florida | 88% | $445K | 69 | 59 |
| Texas | 100% | $365K | 30 | 30 |
| Colorado | 100% | $525K | 21 | 21 |
| Michigan | 87% | $335K | 15 | 13 |
| California | 78% | $645K | 9 | 6 |
| Georgia | 100% | $395K | 9 | 9 |
| Indiana | 100% | $205K | 9 | 8 |
| North Carolina | 100% | $225K | 9 | 9 |
| Wisconsin | 100% | $255K | 9 | 8 |
| Ohio | 100% | $65K | 7 | 7 |
| New Jersey | 100% | $75K | 4 | 4 |
| New York | 75% | $625K | 4 | 3 |
| Pennsylvania | 25% | $205K | 4 | 1 |
| Virginia | 100% | $405K | 4 | 4 |
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.