Waterman Bank mortgage approval rate & lending review
Waterman Bank decided 987 mortgage applications and funded 919 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Waterman Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Waterman Bank at a glance
Approval is 9.9 points above the 84.9% 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 | 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 |
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.
Questions about Waterman Bank
What is Waterman Bank's mortgage approval rate?
Waterman Bank approved 94.7% of the 987 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 9.9 points above the 84.9% national rate for the same mix of loan types.
How often do borrowers take the loan Waterman Bank offers?
Borrowers accepted 98% of the loans Waterman 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 Waterman Bank make?
The typical home purchase mortgage loan Waterman Bank made was $335K; across all loan types its typical loan ran from $215K to $465K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Waterman Bank lend?
Waterman Bank decided applications in 33 of the states Fat Boy Data covers, most of them in Illinois, Florida and Texas.
Can I apply to Waterman Bank directly?
Yes. Waterman Bank is a bank or credit union with 3 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Waterman 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 Waterman Bank treats applications, then get a rate quote from the lender.