Lender profile · HMDA 2023–2025
Rapid Mortgage Company mortgage approval rates & lending data
Rapid Mortgage Company decided 2,270 mortgage applications and funded 2,227 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 | 99% | 2,034 / 2,054 | 99% | $245K | 2,022 |
| Cash-out refinance | 97% | 68 / 70 | 99% | $215K | 67 |
| Refinance | 100% | 74 / 74 | 99% | $265K | 73 |
| Investment property purchase | 95% | 57 / 60 | 96% | $125K | 55 |
Rapid Mortgage Company lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Ohio | 99% | $245K | 1,599 | 1,572 |
| North Carolina | 98% | $285K | 296 | 288 |
| Indiana | 100% | $255K | 111 | 111 |
| South Carolina | 98% | $275K | 96 | 94 |
| Pennsylvania | 99% | $365K | 73 | 71 |
| Kentucky | 100% | $245K | 39 | 39 |
| Florida | 96% | $235K | 27 | 26 |
| Georgia | 100% | $435K | 8 | 8 |
| Illinois | 100% | $225K | 7 | 7 |
| Delaware | 100% | $355K | 5 | 5 |
| Alabama | 75% | $225K | 4 | 3 |
| New Jersey | 100% | $245K | 3 | 2 |
| Michigan | 0% | — | 1 | 0 |
| Virginia | 100% | $245K | 1 | 1 |
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.