Lender profile · HMDA 2023–2025
Discover Bank mortgage approval rates & lending data
Discover Bank decided 120,554 mortgage applications and funded 32,130 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 | 16% | 1,546 / 9,538 | 92% | $115K | 1,420 |
| Home improvement loans | 28% | 19,223 / 68,139 | 98% | $75K | 18,795 |
| Refinance | 29% | 12,174 / 42,156 | 98% | $115K | 11,915 |
| Investment property purchase | 0% | 0 / 123 | — | — | 0 |
| Investment refinance | 0% | 0 / 134 | — | — | 0 |
| Investment home improvement | 0% | 0 / 464 | — | — | 0 |
Discover Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| California | 27% | $105K | 13,498 | 3,511 |
| Florida | 22% | $85K | 13,273 | 2,840 |
| Texas | 19% | $85K | 11,652 | 2,137 |
| New York | 23% | $95K | 7,164 | 1,571 |
| New Jersey | 29% | $85K | 6,604 | 1,862 |
| Pennsylvania | 26% | $65K | 5,431 | 1,380 |
| Georgia | 32% | $85K | 5,309 | 1,652 |
| Illinois | 29% | $65K | 5,239 | 1,482 |
| Ohio | 29% | $55K | 4,232 | 1,192 |
| North Carolina | 32% | $75K | 3,908 | 1,211 |
| Arizona | 35% | $75K | 3,725 | 1,299 |
| Michigan | 26% | $65K | 2,999 | 761 |
| Massachusetts | 25% | $85K | 2,858 | 703 |
| Colorado | 31% | $85K | 2,654 | 816 |
| Virginia | 33% | $85K | 2,642 | 847 |
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.