Lender profile · HMDA 2023–2025
NexBank mortgage approval rates & lending data
NexBank decided 15,267 mortgage applications and funded 13,244 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 | 92% | 8,212 / 8,957 | 98% | $365K | 8,058 |
| Cash-out refinance | 82% | 561 / 684 | 95% | $325K | 534 |
| Refinance | 85% | 1,173 / 1,376 | 98% | $505K | 1,146 |
| Investment property purchase | 88% | 2,594 / 2,955 | 98% | $325K | 2,554 |
| Investment cash-out refinance | 72% | 330 / 456 | 98% | $385K | 322 |
| Investment refinance | 77% | 647 / 839 | 97% | $425K | 630 |
NexBank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Texas | 90% | $345K | 3,559 | 3,145 |
| California | 85% | $815K | 2,699 | 2,240 |
| Georgia | 92% | $375K | 1,378 | 1,240 |
| Florida | 82% | $315K | 911 | 728 |
| Illinois | 90% | $335K | 798 | 704 |
| Arizona | 90% | $395K | 742 | 653 |
| Washington | 86% | $575K | 713 | 600 |
| Pennsylvania | 89% | $265K | 366 | 321 |
| Minnesota | 90% | $295K | 360 | 321 |
| Colorado | 86% | $445K | 331 | 282 |
| Virginia | 94% | $325K | 327 | 302 |
| Tennessee | 92% | $275K | 321 | 289 |
| Wisconsin | 93% | $245K | 295 | 273 |
| North Carolina | 89% | $365K | 275 | 241 |
| Maryland | 88% | $405K | 212 | 180 |
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.