Lender profile · HMDA 2023–2025
Preferred Bank mortgage approval rates & lending data
Preferred Bank decided 606 mortgage applications and funded 553 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% | 410 / 430 | 99% | $595K | 406 |
| Cash-out refinance | 81% | 25 / 31 | 100% | $1.41M | 25 |
| Refinance | 84% | 26 / 31 | 100% | $555K | 26 |
| Investment property purchase | 92% | 70 / 76 | 99% | $525K | 69 |
| Investment refinance | 72% | 21 / 29 | 95% | $785K | 20 |
Preferred Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| California | 92% | $595K | 571 | 520 |
| Texas | 97% | $195K | 31 | 29 |
| New York | 100% | $615K | 4 | 4 |
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.