American Federal Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
38th12.5% deniedProcesswithdrawn + incomplete share, weight 15%
63rd9.0%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 242 | 200 | 7.0% | 7.6% | — | $63M |
| 2024 | 262 | 200 | 6.5% | 7.2% | — | $68M |
| 2025 | 255 | 186 | 11.4% | 12.5% | — | $62M |
What American Federal Bank 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
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 5 manufactured homes, 52 investment properties.
Why American Federal Bank denies applications
Primary reason reported for each of the 29 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at American Federal Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 72 | 48 | 17.9% |
| $100k – $150k | 48 | 30 | 18.4% |
| $150k – $250k | 41 | 34 | 5.6% |
| Over $250k | 29 | 19 | 11.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 54 | 38 | 12.8% |
| 35–44 | 44 | 31 | 10.0% |
| 45–54 | 32 | 24 | 13.8% |
| 55–64 | 22 | 18 | 13.6% |
| 65–74 | 32 | 19 | 23.1% |
Where American Federal Bank lends
7 states and 41 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Minnesota | 160 | 123 | 11.3% | — | #156 |
| North Dakota | 89 | 58 | 11.2% | — | #53 |
Frequently asked questions
American Federal Bank denied 12.5% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 38th percentile of small mortgage lenders.
The most common reason American Federal Bank gave in 2025 was "debt-to-income ratio", cited on 48.3% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
In 2025, 70% of its applications were for home purchases, 22% for refinancing (including cash-out), and 8% for home improvement or other purposes. By loan type: 96% conventional, 2% FHA, 2% 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.