Lender profile · HMDA 2023–2025
Valley National Bank mortgage approval rates & lending data
Valley National Bank decided 9,404 mortgage applications and funded 7,088 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% | 2,864 / 3,205 | 93% | $435K | 2,674 |
| Home improvement loans | 74% | 2,604 / 3,502 | 91% | $105K | 2,381 |
| Cash-out refinance | 80% | 1,380 / 1,722 | 92% | $205K | 1,276 |
| Refinance | 80% | 166 / 207 | 90% | $265K | 150 |
| Investment property purchase | 89% | 412 / 463 | 96% | $415K | 395 |
| Investment cash-out refinance | 78% | 73 / 93 | 95% | $355K | 69 |
| Investment refinance | 87% | 48 / 55 | 94% | $795K | 45 |
| Investment home improvement | 68% | 107 / 157 | 92% | $355K | 98 |
Valley National Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| New Jersey | 80% | $195K | 4,783 | 3,580 |
| New York | 83% | $435K | 2,258 | 1,722 |
| Florida | 80% | $255K | 1,982 | 1,473 |
| Alabama | 88% | $115K | 127 | 107 |
| Pennsylvania | 84% | $255K | 77 | 64 |
| North Carolina | 92% | $325K | 26 | 22 |
| Connecticut | 91% | $395K | 22 | 17 |
| California | 84% | $1.65M | 19 | 15 |
| South Carolina | 100% | $295K | 15 | 15 |
| Texas | 92% | $235K | 12 | 8 |
| Delaware | 73% | $355K | 11 | 8 |
| Maryland | 100% | $255K | 10 | 7 |
| Massachusetts | 100% | $255K | 9 | 9 |
| Georgia | 57% | $135K | 7 | 4 |
| Illinois | 100% | $1.22M | 7 | 7 |
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.