Lender profile · HMDA 2023–2025
Granite Bank mortgage approval rates & lending data
Granite Bank decided 2,614 mortgage applications and funded 2,442 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 | 95% | 2,098 / 2,209 | 100% | $295K | 2,092 |
| Cash-out refinance | 80% | 61 / 76 | 98% | $275K | 60 |
| Refinance | 91% | 99 / 109 | 99% | $325K | 98 |
| Investment property purchase | 92% | 160 / 174 | 98% | $245K | 157 |
| Investment refinance | 81% | 25 / 31 | 96% | $285K | 24 |
Granite Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Minnesota | 94% | $295K | 1,400 | 1,315 |
| South Dakota | 93% | $295K | 261 | 242 |
| Florida | 88% | $325K | 154 | 134 |
| Texas | 100% | $265K | 146 | 146 |
| Arizona | 94% | $405K | 111 | 104 |
| Wisconsin | 98% | $265K | 109 | 106 |
| Colorado | 97% | $435K | 88 | 85 |
| Alabama | 94% | $355K | 70 | 65 |
| Illinois | 97% | $175K | 36 | 33 |
| Iowa | 82% | $155K | 34 | 27 |
| North Dakota | 93% | $285K | 28 | 26 |
| California | 100% | $735K | 24 | 24 |
| Washington | 91% | $365K | 23 | 21 |
| Wyoming | 95% | $265K | 22 | 21 |
| Idaho | 89% | $365K | 19 | 17 |
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.