Lender profile · HMDA 2023–2025
Open Mortgage, LLC mortgage approval rates & lending data
Open Mortgage, LLC decided 4,234 mortgage applications and funded 3,088 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 | 83% | 2,399 / 2,904 | 92% | $255K | 2,215 |
| Cash-out refinance | 86% | 504 / 585 | 75% | $185K | 378 |
| Refinance | 90% | 420 / 467 | 78% | $225K | 328 |
| Investment property purchase | 87% | 140 / 161 | 91% | $205K | 127 |
| Investment cash-out refinance | 35% | 31 / 88 | 94% | $165K | 29 |
Open Mortgage, LLC lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| California | 69% | $555K | 833 | 512 |
| Texas | 86% | $335K | 680 | 510 |
| Florida | 86% | $265K | 607 | 449 |
| Mississippi | 98% | $205K | 322 | 291 |
| Kansas | 97% | $195K | 315 | 287 |
| Oklahoma | 90% | $205K | 216 | 167 |
| Georgia | 72% | $255K | 134 | 77 |
| Indiana | 89% | $165K | 116 | 85 |
| Missouri | 92% | $205K | 106 | 93 |
| Iowa | 90% | $175K | 83 | 62 |
| North Carolina | 96% | $285K | 70 | 65 |
| Arkansas | 95% | $255K | 66 | 55 |
| Colorado | 85% | $195K | 66 | 48 |
| Arizona | 89% | $215K | 65 | 48 |
| Illinois | 65% | $225K | 52 | 26 |
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.