Lender profile · HMDA 2023–2025
Southwest Funding, Lp mortgage approval rates & lending data
Southwest Funding, Lp decided 4,798 mortgage applications and funded 4,455 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 | 95% | 3,915 / 4,107 | 98% | $265K | 3,851 |
| Cash-out refinance | 90% | 232 / 257 | 97% | $215K | 225 |
| Refinance | 92% | 226 / 245 | 93% | $285K | 211 |
| Investment property purchase | 94% | 130 / 139 | 97% | $175K | 126 |
| Investment cash-out refinance | 83% | 34 / 41 | 97% | $115K | 33 |
Southwest Funding, Lp lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Texas | 95% | $265K | 2,302 | 2,149 |
| Tennessee | 95% | $305K | 500 | 466 |
| Louisiana | 91% | $205K | 432 | 385 |
| Alabama | 99% | $215K | 305 | 294 |
| Colorado | 99% | $335K | 223 | 217 |
| Oklahoma | 89% | $195K | 143 | 123 |
| Michigan | 89% | $175K | 130 | 114 |
| Indiana | 94% | $225K | 127 | 119 |
| South Carolina | 95% | $225K | 111 | 106 |
| Florida | 89% | $215K | 84 | 74 |
| Ohio | 97% | $185K | 77 | 73 |
| Mississippi | 97% | $315K | 60 | 58 |
| Washington | 96% | $315K | 57 | 52 |
| New Mexico | 98% | $335K | 52 | 50 |
| Oregon | 90% | $455K | 51 | 46 |
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.