Lender profile · HMDA 2023–2025
TrustCo Bank mortgage approval rates & lending data
TrustCo Bank decided 6,995 mortgage applications and funded 5,152 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 | 89% | 2,630 / 2,946 | 93% | $365K | 2,438 |
| Home improvement loans | 64% | 870 / 1,350 | 96% | $75K | 834 |
| Cash-out refinance | 62% | 858 / 1,376 | 93% | $145K | 796 |
| Refinance | 86% | 857 / 994 | 98% | $135K | 839 |
| Investment property purchase | 84% | 201 / 239 | 96% | $225K | 192 |
| Investment cash-out refinance | 62% | 28 / 45 | 89% | $235K | 25 |
| Investment refinance | 69% | 22 / 32 | 95% | $125K | 21 |
TrustCo Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| New York | 80% | $115K | 3,916 | 2,973 |
| Florida | 77% | $435K | 2,915 | 2,070 |
| New Jersey | 71% | $465K | 114 | 76 |
| Massachusetts | 67% | $75K | 49 | 32 |
| Montana | 100% | $1.71M | 1 | 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.