Lender profile · HMDA 2023–2025
Truist Bank mortgage approval rates & lending data
Truist Bank decided 120,825 mortgage applications and funded 71,612 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 | 85% | 30,589 / 36,039 | 98% | $395K | 30,109 |
| Home improvement loans | 42% | 18,285 / 43,054 | 90% | $105K | 16,522 |
| Cash-out refinance | 75% | 4,008 / 5,322 | 98% | $185K | 3,948 |
| Refinance | 62% | 19,507 / 31,238 | 92% | $125K | 17,979 |
| Investment property purchase | 83% | 2,358 / 2,854 | 98% | $275K | 2,322 |
| Investment cash-out refinance | 62% | 254 / 408 | 99% | $165K | 251 |
| Investment refinance | 39% | 242 / 615 | 93% | $205K | 225 |
| Investment home improvement | 22% | 284 / 1,295 | 90% | $165K | 256 |
Truist Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Florida | 55% | $155K | 25,810 | 13,292 |
| North Carolina | 70% | $155K | 19,624 | 13,216 |
| Georgia | 59% | $205K | 15,105 | 8,360 |
| Virginia | 68% | $195K | 12,748 | 8,307 |
| Maryland | 65% | $265K | 10,714 | 6,574 |
| Pennsylvania | 62% | $105K | 7,476 | 4,354 |
| South Carolina | 65% | $105K | 6,426 | 4,005 |
| Tennessee | 60% | $125K | 6,058 | 3,470 |
| Texas | 56% | $455K | 4,828 | 2,510 |
| Kentucky | 65% | $155K | 1,965 | 1,220 |
| California | 49% | $685K | 1,716 | 794 |
| New Jersey | 57% | $155K | 1,527 | 822 |
| Alabama | 60% | $305K | 1,368 | 783 |
| District of Columbia | 61% | $685K | 1,096 | 646 |
| West Virginia | 66% | $65K | 942 | 570 |
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.