Lender profile · HMDA 2023–2025
Wells Fargo Bank, National Association mortgage approval rates & lending data
Wells Fargo Bank, National Association decided 146,350 mortgage applications and funded 105,131 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 | 84% | 64,924 / 77,343 | 100% | $435K | 64,674 |
| Home improvement loans | 43% | 1,619 / 3,789 | 99% | $125K | 1,600 |
| Cash-out refinance | 52% | 16,367 / 31,722 | 100% | $195K | 16,296 |
| Refinance | 72% | 12,239 / 16,950 | 99% | $245K | 12,154 |
| Investment property purchase | 76% | 7,986 / 10,503 | 99% | $345K | 7,938 |
| Investment cash-out refinance | 36% | 1,082 / 3,032 | 99% | $185K | 1,074 |
| Investment refinance | 57% | 1,045 / 1,841 | 99% | $205K | 1,039 |
| Investment home improvement | 31% | 360 / 1,170 | 99% | $165K | 356 |
Wells Fargo Bank, National Association lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| California | 80% | $1.08M | 28,499 | 22,766 |
| Florida | 62% | $335K | 13,790 | 8,539 |
| Texas | 59% | $325K | 13,189 | 7,741 |
| New York | 77% | $785K | 10,724 | 8,229 |
| North Carolina | 77% | $365K | 7,837 | 6,021 |
| New Jersey | 75% | $585K | 7,028 | 5,246 |
| Pennsylvania | 69% | $275K | 6,393 | 4,374 |
| Georgia | 65% | $235K | 6,268 | 4,037 |
| Washington | 83% | $1.10M | 4,597 | 3,773 |
| Arizona | 72% | $415K | 4,241 | 3,036 |
| Minnesota | 79% | $325K | 3,872 | 3,046 |
| Illinois | 72% | $365K | 3,538 | 2,549 |
| Virginia | 76% | $485K | 3,370 | 2,558 |
| South Carolina | 72% | $295K | 3,340 | 2,385 |
| Maryland | 66% | $385K | 2,820 | 1,861 |
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.