Lender profile · HMDA 2023–2025
Fay Servicing, LLC mortgage approval rates & lending data
Fay Servicing, LLC decided 515 mortgage applications and funded 306 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 |
|---|---|---|---|---|---|
| Cash-out refinance | 35% | 34 / 98 | 94% | $175K | 32 |
| Refinance | 35% | 25 / 72 | 68% | $275K | 17 |
| Investment property purchase | 94% | 65 / 69 | 72% | $245K | 47 |
| Investment cash-out refinance | 94% | 164 / 175 | 87% | $205K | 142 |
| Investment refinance | 85% | 82 / 96 | 79% | $165K | 65 |
Fay Servicing, LLC lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Virginia | 94% | $195K | 141 | 114 |
| California | 83% | $335K | 123 | 81 |
| Arizona | 93% | $165K | 44 | 32 |
| Florida | 28% | $265K | 36 | 8 |
| Texas | 32% | $315K | 34 | 8 |
| Nevada | 94% | $205K | 17 | 13 |
| Illinois | 50% | $105K | 16 | 8 |
| Georgia | 27% | $155K | 15 | 3 |
| Minnesota | 80% | $225K | 10 | 6 |
| North Carolina | 44% | $115K | 9 | 4 |
| Utah | 100% | $315K | 8 | 4 |
| Oregon | 100% | $235K | 7 | 5 |
| Indiana | 33% | $155K | 6 | 2 |
| Maryland | 33% | $55K | 6 | 2 |
| Michigan | 33% | $75K | 6 | 2 |
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.