Lender profile · HMDA 2023–2025
Better Mortgage Corporation mortgage approval rates & lending data
Better Mortgage Corporation decided 24,403 mortgage applications and funded 17,393 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 | 80% | 11,238 / 14,078 | 99% | $405K | 11,089 |
| Home improvement loans | 55% | 835 / 1,510 | 96% | $105K | 804 |
| Cash-out refinance | 53% | 1,510 / 2,860 | 97% | $235K | 1,468 |
| Refinance | 66% | 1,551 / 2,363 | 96% | $475K | 1,487 |
| Investment property purchase | 83% | 1,850 / 2,229 | 98% | $275K | 1,815 |
| Investment cash-out refinance | 50% | 318 / 633 | 96% | $205K | 306 |
| Investment refinance | 63% | 250 / 394 | 99% | $315K | 247 |
| Investment home improvement | 55% | 184 / 336 | 96% | $105K | 177 |
Better Mortgage Corporation lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Texas | 75% | $405K | 2,886 | 2,133 |
| California | 71% | $635K | 2,624 | 1,816 |
| Florida | 68% | $385K | 2,450 | 1,634 |
| North Carolina | 75% | $415K | 1,152 | 849 |
| New Jersey | 76% | $555K | 1,139 | 846 |
| Georgia | 71% | $405K | 1,097 | 772 |
| Pennsylvania | 71% | $285K | 899 | 620 |
| Illinois | 71% | $395K | 888 | 613 |
| Washington | 78% | $565K | 867 | 664 |
| New York | 74% | $565K | 736 | 538 |
| Colorado | 81% | $445K | 658 | 525 |
| Ohio | 70% | $255K | 630 | 428 |
| Arizona | 70% | $475K | 616 | 425 |
| Oregon | 79% | $465K | 561 | 439 |
| Oklahoma | 78% | $265K | 541 | 415 |
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.