Lender profile · HMDA 2023–2025
Commerce Bank mortgage approval rates & lending data
Commerce Bank decided 9,668 mortgage applications and funded 6,528 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 | 82% | 1,969 / 2,406 | 99% | $235K | 1,944 |
| Home improvement loans | 57% | 2,331 / 4,096 | 98% | $55K | 2,276 |
| Cash-out refinance | 57% | 167 / 293 | 99% | $185K | 165 |
| Refinance | 77% | 1,745 / 2,264 | 99% | $75K | 1,727 |
| Investment property purchase | 88% | 356 / 403 | 96% | $265K | 343 |
| Investment refinance | 63% | 43 / 68 | 100% | $225K | 43 |
| Investment home improvement | 20% | 25 / 126 | 92% | $105K | 23 |
Commerce Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Missouri | 67% | $75K | 5,853 | 3,840 |
| Kansas | 71% | $135K | 2,109 | 1,477 |
| Illinois | 57% | $65K | 696 | 392 |
| Colorado | 81% | $655K | 526 | 419 |
| Oklahoma | 73% | $255K | 104 | 75 |
| Texas | 76% | $405K | 99 | 75 |
| Florida | 84% | $295K | 58 | 49 |
| Arizona | 88% | $375K | 24 | 21 |
| California | 95% | $995K | 19 | 18 |
| Arkansas | 100% | $345K | 17 | 17 |
| South Carolina | 94% | $225K | 16 | 14 |
| Virginia | 80% | $895K | 15 | 12 |
| Michigan | 100% | $855K | 12 | 12 |
| Tennessee | 82% | $915K | 11 | 9 |
| Minnesota | 60% | $845K | 10 | 6 |
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.