Lender profile · HMDA 2023–2025
Better Banks mortgage approval rates & lending data
Better Banks decided 389 mortgage applications and funded 345 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% | 189 / 199 | 92% | $135K | 174 |
| Cash-out refinance | 97% | 58 / 60 | 97% | $65K | 56 |
| Investment property purchase | 100% | 53 / 53 | 92% | $75K | 49 |
| Investment cash-out refinance | 100% | 28 / 28 | 79% | $105K | 22 |
Better Banks lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Illinois | 97% | $135K | 375 | 334 |
| Florida | 100% | $215K | 5 | 5 |
| Colorado | 100% | $675K | 2 | 1 |
| Missouri | 100% | $315K | 2 | 2 |
| South Carolina | 100% | $605K | 2 | 2 |
| Iowa | 0% | — | 1 | 0 |
| Montana | 100% | — | 1 | 0 |
| Tennessee | 100% | $835K | 1 | 1 |
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.