Lender profile · HMDA 2023–2025
Proper Rate, LLC mortgage approval rates & lending data
Proper Rate, LLC decided 3,371 mortgage applications and funded 3,235 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% | 2,874 / 2,949 | 99% | $365K | 2,849 |
| Cash-out refinance | 85% | 51 / 60 | 94% | $335K | 48 |
| Refinance | 99% | 143 / 145 | 97% | $455K | 139 |
| Investment property purchase | 95% | 174 / 183 | 98% | $245K | 171 |
Proper Rate, LLC lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Illinois | 97% | $365K | 2,884 | 2,766 |
| Indiana | 97% | $265K | 143 | 138 |
| California | 99% | $765K | 79 | 78 |
| Michigan | 97% | $265K | 78 | 74 |
| Wisconsin | 97% | $285K | 76 | 74 |
| Colorado | 100% | $585K | 29 | 29 |
| Florida | 88% | $285K | 24 | 21 |
| Texas | 86% | $725K | 14 | 12 |
| Ohio | 100% | $405K | 9 | 9 |
| Arizona | 100% | $445K | 8 | 8 |
| Tennessee | 86% | $295K | 7 | 6 |
| South Carolina | 100% | $435K | 5 | 5 |
| Missouri | 100% | $245K | 4 | 4 |
| Iowa | 100% | $295K | 3 | 3 |
| North Carolina | 100% | $405K | 3 | 3 |
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.