Lender profile · HMDA 2023–2025
SmartBank mortgage approval rates & lending data
SmartBank decided 1,444 mortgage applications and funded 1,223 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% | 636 / 662 | 89% | $385K | 568 |
| Home improvement loans | 84% | 167 / 198 | 94% | $125K | 157 |
| Cash-out refinance | 89% | 72 / 81 | 86% | $135K | 62 |
| Refinance | 90% | 98 / 109 | 85% | $305K | 83 |
| Investment property purchase | 98% | 296 / 302 | 93% | $185K | 275 |
| Investment refinance | 88% | 44 / 50 | 93% | $185K | 41 |
| Investment home improvement | 93% | 28 / 30 | 93% | $105K | 26 |
SmartBank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Tennessee | 92% | $305K | 832 | 685 |
| Alabama | 96% | $135K | 436 | 395 |
| Florida | 93% | $375K | 136 | 112 |
| Georgia | 90% | $305K | 21 | 15 |
| South Carolina | 100% | $415K | 8 | 8 |
| Alaska | 100% | $425K | 1 | 1 |
| Colorado | 100% | $555K | 1 | 1 |
| Delaware | 100% | $225K | 1 | 1 |
| Louisiana | 100% | $545K | 1 | 1 |
| Michigan | 100% | — | 1 | 0 |
| Mississippi | 100% | $255K | 1 | 1 |
| Nebraska | 100% | — | 1 | 0 |
| North Carolina | 100% | $55K | 1 | 1 |
| Pennsylvania | 100% | — | 1 | 0 |
| Texas | 100% | $2.17M | 1 | 1 |
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.