Lender profile · HMDA 2023–2025
U.S. Bank National Association mortgage approval rates & lending data
U.S. Bank National Association decided 224,668 mortgage applications and funded 148,172 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% | 73,189 / 85,466 | 98% | $485K | 72,014 |
| Home improvement loans | 44% | 34,484 / 78,551 | 96% | $95K | 33,227 |
| Cash-out refinance | 69% | 13,279 / 19,136 | 97% | $155K | 12,858 |
| Refinance | 83% | 20,693 / 24,874 | 97% | $375K | 20,171 |
| Investment property purchase | 79% | 7,898 / 10,040 | 98% | $405K | 7,749 |
| Investment cash-out refinance | 60% | 626 / 1,047 | 96% | $255K | 601 |
| Investment refinance | 72% | 1,236 / 1,710 | 97% | $725K | 1,203 |
| Investment home improvement | 9% | 360 / 3,844 | 97% | $195K | 349 |
U.S. Bank National Association lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| California | 67% | $825K | 61,396 | 40,499 |
| Illinois | 61% | $285K | 13,844 | 8,281 |
| Minnesota | 71% | $155K | 11,824 | 8,165 |
| Ohio | 61% | $125K | 11,438 | 6,732 |
| Florida | 62% | $425K | 10,661 | 6,521 |
| Washington | 73% | $785K | 10,654 | 7,647 |
| Colorado | 66% | $205K | 7,615 | 4,897 |
| Arizona | 63% | $445K | 7,301 | 4,476 |
| Oregon | 69% | $185K | 6,765 | 4,574 |
| Missouri | 68% | $155K | 6,153 | 4,058 |
| Wisconsin | 75% | $175K | 5,929 | 4,371 |
| Texas | 76% | $465K | 5,853 | 4,347 |
| Nevada | 58% | $305K | 5,332 | 3,018 |
| New York | 71% | $705K | 4,775 | 3,263 |
| New Jersey | 73% | $585K | 4,594 | 3,260 |
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.