Bank of America · Georgia · 2025

Bank of America in Georgia: approval rate, denial rate and rates (2025)

Bank of America took 9,168 mortgage applications in Georgia in 2025, ranking #9 of 1,201 lenders active in the state. It originated 37.5% of them and denied 36.5% (48.8% of the applications it decided), against a statewide denial rate of 19.2%.

9.2kApplicationsin GA
48.8%Decision denial ratestate 25.1%
6.24%Median ratestate 6.63%
$105,000Median loanstate $235,000
$980MVolume136 counties

Bank of America in Georgia vs the state

36.5%Denial rate+17.30 pts vs state
48.8%Decision denial rate+23.73 pts vs state
37.5%Origination rate-16.57 pts vs state
6.24%Median rate-0.38 pts vs state
1.46Rate spread (pts)+1.19 pts vs state
$108kMedian applicant income
3,440Loans originated
3,348Denied

Trend in Georgia

YearApplicationsOriginatedDenial rateMedian rateRank in state
202312,0863,92652.8%7.25%#4
202410,0083,39743.0%6.99%#5
20259,1683,44036.5%6.24%#9

What Bank of America lends in Georgia

By loan purpose

Home purchase 1,777 19% · 18.9% denied
Refinance 1,141 12% · 28.9% denied
Cash-out refinance 157 2% · 16.6% denied
Home improvement 4,005 44% · 44.0% denied
Other / HELOC 2,088 23% · 42.9% denied

By loan type

Conventional 9,098 99% · 36.5% denied
FHA 59 1% · 49.2% denied
VA 11 0% · 9.1% denied

Why it denied Georgia applicants

Credit history 1,813 54%
Debt-to-income ratio 1,048 31%
Collateral 279 8%
Unverifiable information 110 3%
Other 82 2%
Insufficient cash 11 0%
Employment history 5 0%

Where in Georgia

Counties with the most Bank of America applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Fulton County 1,439621443 30.8%
Gwinnett County 1,101340461 41.9%
Cobb County 974413297 30.5%
DeKalb County 839325314 37.4%
Forsyth County 444213135 30.4%
Chatham County 367147116 31.6%
Cherokee County 34415594 27.3%
Clayton County 24171120 49.8%
Henry County 23471116 49.6%
Paulding County 1826572 39.6%

Other large lenders in Georgia

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 29,84518.2%6.63%
United Shore Financial ServicesB 23,78412.6%6.25%
Navy Federal Credit UnionD 12,38826.4%7.95%
Truist BankC 10,56338.7%6.49%
Pennymac Loan ServicesC 10,27311.6%6.49%
Broker SolutionsD 9,7098.6%6.63%
Mortgage Research CenterC 9,44319.8%6.25%
Freedom MortgageB 9,2939.1%6.25%
Ameris BankB 8,06510.1%6.50%
NewrezD 7,88021.5%6.63%

Frequently asked questions

Georgia: 9,168 applications in 2025, of which 3,440 were originated and 3,348 denied.

36.5% of all applications, or 48.8% of the applications it actually decided on. The Georgia statewide average across all lenders was 19.2%.

The median rate on loans Bank of America originated in Georgia in 2025 was 6.24%, against a statewide median of 6.63%.

About this data. Figures are Bank of America's own HMDA filing for properties located in Georgia, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology