Lender profile · HMDA 2023–2025
Rocket Mortgage, LLC mortgage approval rates & lending data
Rocket Mortgage, LLC decided 1,025,141 mortgage applications and funded 816,153 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 | 87% | 302,461 / 349,354 | 99% | $335K | 299,188 |
| Home improvement loans | 73% | 8,306 / 11,386 | 97% | $115K | 8,059 |
| Cash-out refinance | 80% | 398,459 / 499,152 | 97% | $155K | 386,211 |
| Refinance | 79% | 91,806 / 116,759 | 94% | $315K | 85,855 |
| Investment property purchase | 84% | 23,840 / 28,544 | 98% | $265K | 23,474 |
| Investment cash-out refinance | 71% | 8,163 / 11,544 | 97% | $205K | 7,939 |
| Investment refinance | 66% | 3,991 / 6,031 | 96% | $275K | 3,815 |
| Investment home improvement | 70% | 1,664 / 2,371 | 97% | $155K | 1,612 |
Rocket Mortgage, LLC lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| California | 82% | $675K | 128,031 | 102,701 |
| Florida | 79% | $255K | 104,191 | 79,513 |
| Texas | 79% | $275K | 79,477 | 61,105 |
| Michigan | 84% | $235K | 54,202 | 44,364 |
| Georgia | 81% | $165K | 47,143 | 37,071 |
| Pennsylvania | 81% | $165K | 42,667 | 33,708 |
| North Carolina | 85% | $165K | 42,053 | 34,501 |
| Ohio | 81% | $135K | 39,564 | 31,405 |
| Arizona | 84% | $235K | 38,256 | 31,504 |
| New York | 78% | $185K | 35,202 | 26,867 |
| New Jersey | 83% | $155K | 33,934 | 27,260 |
| Illinois | 80% | $285K | 29,847 | 23,324 |
| South Carolina | 84% | $155K | 24,685 | 20,112 |
| Washington | 85% | $435K | 24,595 | 20,266 |
| Maryland | 82% | $225K | 23,630 | 18,713 |
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.