Lender profile · HMDA 2023–2025
New Fed Mortgage, Corp. mortgage approval rates & lending data
New Fed Mortgage, Corp. decided 2,588 mortgage applications and funded 2,464 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 | 96% | 1,906 / 1,987 | 99% | $435K | 1,895 |
| Home improvement loans | 100% | 42 / 42 | 100% | $415K | 42 |
| Cash-out refinance | 93% | 128 / 138 | 100% | $405K | 128 |
| Refinance | 96% | 208 / 217 | 100% | $495K | 208 |
| Investment property purchase | 93% | 143 / 153 | 99% | $305K | 142 |
New Fed Mortgage, Corp. lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Massachusetts | 95% | $505K | 1,464 | 1,394 |
| Texas | 96% | $275K | 346 | 329 |
| New Hampshire | 97% | $435K | 209 | 199 |
| Florida | 93% | $325K | 123 | 114 |
| Oklahoma | 95% | $265K | 76 | 72 |
| South Carolina | 99% | $325K | 72 | 71 |
| New Jersey | 94% | $315K | 71 | 66 |
| Delaware | 97% | $305K | 65 | 63 |
| North Carolina | 94% | $355K | 51 | 48 |
| Rhode Island | 100% | $385K | 33 | 33 |
| Pennsylvania | 100% | $175K | 29 | 28 |
| Maine | 100% | $315K | 16 | 16 |
| Maryland | 100% | $305K | 10 | 10 |
| Connecticut | 86% | $355K | 7 | 6 |
| Illinois | 100% | $245K | 5 | 5 |
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.