Lender profile · HMDA 2023–2025
Great Lakes mortgage approval rates & lending data
Great Lakes decided 1,242 mortgage applications and funded 749 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 | 81% | 140 / 172 | 86% | $225K | 120 |
| Home improvement loans | 59% | 419 / 705 | 100% | $65K | 419 |
| Cash-out refinance | 76% | 138 / 181 | 99% | $125K | 136 |
| Refinance | 56% | 29 / 52 | 100% | $125K | 29 |
| Investment property purchase | 52% | 23 / 44 | 83% | $145K | 19 |
| Investment cash-out refinance | 34% | 11 / 32 | 100% | $105K | 11 |
| Investment home improvement | 25% | 13 / 52 | 100% | $85K | 13 |
Great Lakes lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Illinois | 61% | $65K | 944 | 553 |
| California | 75% | $115K | 130 | 97 |
| Arizona | 67% | $135K | 46 | 31 |
| Wisconsin | 56% | $45K | 45 | 25 |
| Indiana | 54% | $115K | 26 | 14 |
| Georgia | 43% | $265K | 14 | 5 |
| Florida | 67% | $145K | 9 | 6 |
| Nevada | 67% | $95K | 6 | 4 |
| North Carolina | 83% | $205K | 6 | 3 |
| Iowa | 0% | — | 2 | 0 |
| Michigan | 100% | $75K | 2 | 2 |
| Pennsylvania | 100% | $85K | 2 | 2 |
| Texas | 50% | $65K | 2 | 1 |
| Colorado | 100% | $365K | 1 | 1 |
| Louisiana | 0% | — | 1 | 0 |
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.