Lender profile · HMDA 2023–2025
Redwood mortgage approval rates & lending data
Redwood decided 7,088 mortgage applications and funded 5,737 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 | 91% | 1,719 / 1,882 | 98% | $855K | 1,676 |
| Home improvement loans | 84% | 2,621 / 3,126 | 97% | $105K | 2,537 |
| Cash-out refinance | 77% | 902 / 1,168 | 97% | $135K | 873 |
| Refinance | 65% | 143 / 221 | 96% | $165K | 137 |
| Investment property purchase | 85% | 160 / 188 | 97% | $365K | 155 |
| Investment cash-out refinance | 71% | 82 / 115 | 99% | $135K | 81 |
| Investment refinance | 68% | 27 / 40 | 93% | $175K | 25 |
| Investment home improvement | 73% | 254 / 348 | 100% | $115K | 253 |
Redwood lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| California | 83% | $135K | 7,087 | 5,737 |
| Florida | 0% | — | 1 | 0 |
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.