Lender profile · HMDA 2023–2025
Homestead Funding Corp. mortgage approval rates & lending data
Homestead Funding Corp. decided 12,181 mortgage applications and funded 11,732 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 | 97% | 10,150 / 10,419 | 99% | $275K | 10,076 |
| Home improvement loans | 95% | 40 / 42 | 100% | $255K | 40 |
| Cash-out refinance | 93% | 253 / 272 | 99% | $265K | 250 |
| Refinance | 97% | 478 / 491 | 100% | $345K | 476 |
| Investment property purchase | 95% | 799 / 838 | 99% | $205K | 791 |
| Investment cash-out refinance | 73% | 19 / 26 | 95% | $245K | 18 |
| Investment refinance | 92% | 57 / 62 | 100% | $275K | 57 |
| Investment home improvement | 77% | 24 / 31 | 100% | $145K | 24 |
Homestead Funding Corp. lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| New York | 97% | $245K | 8,769 | 8,459 |
| Connecticut | 96% | $275K | 875 | 830 |
| Pennsylvania | 99% | $225K | 627 | 616 |
| Massachusetts | 98% | $255K | 426 | 413 |
| Florida | 93% | $345K | 301 | 278 |
| North Carolina | 98% | $355K | 218 | 212 |
| Texas | 95% | $385K | 96 | 91 |
| Illinois | 96% | $345K | 91 | 87 |
| South Carolina | 98% | $295K | 87 | 82 |
| Wisconsin | 97% | $305K | 87 | 83 |
| New Jersey | 99% | $475K | 72 | 71 |
| Tennessee | 96% | $345K | 72 | 68 |
| Minnesota | 97% | $415K | 63 | 61 |
| Michigan | 98% | $285K | 55 | 54 |
| Georgia | 92% | $325K | 48 | 44 |
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.