Lender profile · HMDA 2023–2025
Pennymac Loan Services, LLC mortgage approval rates & lending data
Pennymac Loan Services, LLC decided 193,971 mortgage applications and funded 150,918 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 | 85% | 66,892 / 78,448 | 99% | $405K | 66,219 |
| Cash-out refinance | 70% | 37,921 / 54,536 | 96% | $205K | 36,532 |
| Refinance | 87% | 37,405 / 43,028 | 91% | $345K | 33,933 |
| Investment property purchase | 86% | 10,454 / 12,156 | 99% | $305K | 10,351 |
| Investment cash-out refinance | 62% | 1,943 / 3,132 | 97% | $265K | 1,892 |
| Investment refinance | 77% | 2,059 / 2,668 | 97% | $345K | 1,991 |
Pennymac Loan Services, LLC lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| California | 80% | $735K | 23,292 | 18,144 |
| Florida | 77% | $385K | 23,268 | 17,258 |
| Texas | 79% | $335K | 15,588 | 11,663 |
| Georgia | 80% | $335K | 9,434 | 7,230 |
| Pennsylvania | 83% | $295K | 9,419 | 7,630 |
| North Carolina | 85% | $315K | 7,809 | 6,290 |
| New Jersey | 79% | $455K | 7,417 | 5,683 |
| Arizona | 82% | $435K | 6,627 | 5,227 |
| Virginia | 84% | $365K | 5,851 | 4,633 |
| Washington | 85% | $535K | 5,844 | 4,836 |
| New York | 81% | $555K | 5,502 | 4,359 |
| Illinois | 79% | $305K | 5,293 | 4,023 |
| Maryland | 78% | $455K | 5,236 | 3,898 |
| Ohio | 82% | $235K | 5,096 | 3,972 |
| Colorado | 84% | $485K | 4,369 | 3,543 |
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.