Lender profile · HMDA 2023–2025
Spencer Savings Bank, SLA mortgage approval rates & lending data
Spencer Savings Bank, SLA decided 530 mortgage applications and funded 403 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 | 86% | 96 / 112 | 93% | $425K | 89 |
| Home improvement loans | 69% | 109 / 158 | 96% | $85K | 105 |
| Cash-out refinance | 92% | 35 / 38 | 100% | $165K | 35 |
| Refinance | 76% | 41 / 54 | 98% | $75K | 40 |
| Investment property purchase | 90% | 103 / 115 | 97% | $335K | 100 |
Spencer Savings Bank, SLA lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| New Jersey | 79% | $335K | 524 | 398 |
| New York | 100% | $1.03M | 4 | 4 |
| Pennsylvania | 50% | $405K | 2 | 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.