Lender profile · HMDA 2023–2025
1st Source Bank mortgage approval rates & lending data
1st Source Bank decided 4,213 mortgage applications and funded 3,167 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 | 91% | 967 / 1,061 | 92% | $195K | 886 |
| Home improvement loans | 72% | 896 / 1,236 | 88% | $35K | 787 |
| Cash-out refinance | 77% | 314 / 407 | 88% | $125K | 275 |
| Refinance | 88% | 1,151 / 1,315 | 94% | $65K | 1,077 |
| Investment property purchase | 91% | 108 / 119 | 89% | $145K | 96 |
| Investment home improvement | 58% | 18 / 31 | 89% | $195K | 16 |
1st Source Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Indiana | 83% | $65K | 3,798 | 2,857 |
| Michigan | 81% | $55K | 330 | 244 |
| Florida | 84% | $405K | 62 | 46 |
| Illinois | 94% | $275K | 17 | 15 |
| Arizona | 100% | $585K | 6 | 5 |
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.