Lender profile · HMDA 2023–2025
The Dart Bank mortgage approval rates & lending data
The Dart Bank decided 6,135 mortgage applications and funded 5,510 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% | 4,556 / 4,806 | 97% | $305K | 4,418 |
| Home improvement loans | 89% | 155 / 175 | 99% | $65K | 153 |
| Cash-out refinance | 77% | 187 / 243 | 93% | $265K | 173 |
| Refinance | 89% | 452 / 506 | 92% | $345K | 414 |
| Investment property purchase | 95% | 303 / 320 | 95% | $225K | 288 |
| Investment cash-out refinance | 76% | 22 / 29 | 100% | $205K | 22 |
| Investment refinance | 80% | 36 / 45 | 97% | $385K | 35 |
The Dart Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Michigan | 94% | $255K | 4,286 | 3,993 |
| New York | 86% | $575K | 449 | 338 |
| California | 91% | $645K | 224 | 180 |
| Virginia | 88% | $495K | 182 | 147 |
| Florida | 92% | $395K | 178 | 153 |
| Maryland | 88% | $425K | 160 | 125 |
| Connecticut | 95% | $525K | 77 | 70 |
| Massachusetts | 95% | $465K | 61 | 56 |
| Texas | 90% | $295K | 61 | 50 |
| Indiana | 90% | $215K | 59 | 50 |
| Ohio | 98% | $215K | 57 | 53 |
| Illinois | 93% | $365K | 55 | 49 |
| Pennsylvania | 90% | $305K | 42 | 34 |
| Kentucky | 92% | $305K | 37 | 33 |
| Arizona | 93% | $425K | 29 | 24 |
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.