Lender profile · HMDA 2023–2025
Newrez LLC mortgage approval rates & lending data
Newrez LLC decided 194,026 mortgage applications and funded 122,272 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% | 53,714 / 60,100 | 99% | $355K | 53,255 |
| Home improvement loans | 75% | 101 / 135 | 98% | $195K | 99 |
| Cash-out refinance | 46% | 41,924 / 90,214 | 98% | $125K | 41,171 |
| Refinance | 65% | 18,353 / 28,373 | 96% | $375K | 17,530 |
| Investment property purchase | 84% | 6,498 / 7,722 | 98% | $255K | 6,385 |
| Investment cash-out refinance | 49% | 2,756 / 5,639 | 98% | $195K | 2,706 |
| Investment refinance | 63% | 1,141 / 1,821 | 98% | $325K | 1,116 |
Newrez LLC lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Florida | 59% | $355K | 23,688 | 13,756 |
| California | 61% | $545K | 18,997 | 11,430 |
| Texas | 57% | $305K | 14,453 | 8,096 |
| New York | 60% | $485K | 9,694 | 5,702 |
| New Jersey | 57% | $125K | 7,803 | 4,402 |
| Pennsylvania | 65% | $285K | 7,637 | 4,848 |
| Illinois | 62% | $275K | 7,373 | 4,451 |
| Georgia | 56% | $145K | 6,886 | 3,767 |
| North Carolina | 70% | $265K | 6,442 | 4,450 |
| Washington | 77% | $505K | 6,425 | 4,900 |
| Ohio | 68% | $225K | 6,240 | 4,185 |
| Maryland | 60% | $465K | 6,072 | 3,585 |
| Arizona | 66% | $425K | 5,293 | 3,449 |
| Indiana | 72% | $225K | 5,263 | 3,709 |
| Michigan | 67% | $225K | 5,251 | 3,450 |
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.