Mortgage lender · Wellsville, MO · LEI 549300YMEOE50UQ6NM87

American Bank of Freedom review: approval odds, rates and grade (2025)

American Bank of Freedom earns a B, better than most investment-property lenders. It turned down 2.0% of the applications it decided on in 2025, which ranks in the 69th percentile for approval odds. Its median loan was priced 2.69 points above the average prime offer rate, ranking in the 5th percentile on pricing. Compared against 220 investment-property lenders using 2025 HMDA filings.

155Applications2025
93.6%Originatedof applications
2.0%Decision denial ratenational 22.6%
8.00%Median ratenational 6.63%
$94MLoan volume4 states

American Bank of Freedom at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

1.9%Denial rate (all applications)-16.04 pts vs national
2.0%Denial rate (decided applications)-20.59 pts vs national
93.6%Origination rate+35.52 pts vs national
2.6%Withdrawn by applicant
0.7%Closed for incompleteness
8.00%Median interest rate+1.38 pts vs national
2.69Median rate spread (pts over APOR)+2.44 pts vs national
$225,000Median loan amount
$1,275Median total loan costs
$172kMedian applicant income
74%Median loan-to-value
0High-cost (HOEPA) loans

How the B grade breaks down

Each component is a percentile rank among 220 investment-property lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.

Approval oddsdecision denial rate, weight 45%

69th2.0% denied

Pricingmedian rate spread over APOR, weight 30%

5th2.69 pts

Processwithdrawn + incomplete share, weight 15%

62nd3.2%

Closing coststotal loan costs ÷ loan amount, weight 10%

100th0.57% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20232021901.5%1.6%9.00%$119M
20241831741.6%1.7%9.25%$65M
20251551451.9%2.0%8.00%$94M

What American Bank of Freedom lends

Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.

By loan purpose

Home purchase 123 79% · 0.8% denied
Refinance 31 20% · 6.5% denied
Home improvement 1 1% · 0.0% denied

By loan type

Conventional 155 100% · 1.9% denied

Also: 0 home-equity lines, 0 reverse mortgages, 2 manufactured homes, 152 investment properties.

Why American Bank of Freedom denies applications

Primary reason reported for each of the 3 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Debt-to-income ratio 2 67%
Employment history 1 33%

How these reasons compare nationally →

Where American Bank of Freedom lends

4 states and 16 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Missouri1411321.4%7.88%#225
Colorado660.0%8.00%#576
Indiana5420.0%7.75%#637

Frequently asked questions

American Bank of Freedom denied 2.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 69th percentile of investment-property lenders.

The most common reason American Bank of Freedom gave in 2025 was "debt-to-income ratio", cited on 66.7% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.

The median interest rate on loans American Bank of Freedom originated in 2025 was 8.00%, and its median rate spread over the average prime offer rate was 2.69 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 79% of its applications were for home purchases, 20% for refinancing (including cash-out), and 1% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.

Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with American Bank of Freedom. Data sources · Methodology