Lender profile · HMDA 2023–2025
The Federal Savings Bank mortgage approval rates & lending data
The Federal Savings Bank decided 25,717 mortgage applications and funded 20,233 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 | 90% | 9,045 / 10,039 | 99% | $305K | 8,929 |
| Home improvement loans | 78% | 302 / 388 | 98% | $105K | 295 |
| Cash-out refinance | 74% | 9,340 / 12,606 | 97% | $335K | 9,039 |
| Refinance | 67% | 832 / 1,251 | 95% | $365K | 789 |
| Investment property purchase | 89% | 964 / 1,079 | 98% | $255K | 944 |
| Investment cash-out refinance | 66% | 116 / 176 | 97% | $265K | 113 |
| Investment refinance | 68% | 89 / 131 | 99% | $265K | 88 |
| Investment home improvement | 79% | 37 / 47 | 97% | $175K | 36 |
The Federal Savings Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Illinois | 88% | $255K | 3,752 | 3,245 |
| New York | 84% | $595K | 2,362 | 1,928 |
| Florida | 78% | $345K | 1,671 | 1,268 |
| New Jersey | 85% | $415K | 1,465 | 1,225 |
| North Carolina | 83% | $305K | 1,182 | 959 |
| California | 71% | $525K | 1,149 | 778 |
| Georgia | 75% | $335K | 1,084 | 783 |
| Indiana | 83% | $195K | 985 | 804 |
| Virginia | 84% | $365K | 919 | 757 |
| Ohio | 83% | $245K | 913 | 754 |
| Pennsylvania | 80% | $195K | 811 | 633 |
| Maryland | 77% | $415K | 796 | 594 |
| Washington | 79% | $465K | 724 | 553 |
| Arizona | 77% | $405K | 704 | 527 |
| Tennessee | 81% | $305K | 618 | 496 |
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.