Armed Forces 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 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
22nd20.4% deniedPricingmedian rate spread over APOR, weight 30%
96th-0.32 ptsProcesswithdrawn + incomplete share, weight 15%
14th27.5%Closing coststotal loan costs ÷ loan amount, weight 10%
84th1.37% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,558 | 915 | 8.7% | 12.8% | 6.25% | $362M |
| 2024 | 2,010 | 1,191 | 11.8% | 16.6% | 6.25% | $527M |
| 2025 | 2,342 | 1,339 | 14.8% | 20.4% | 6.13% | $611M |
What Armed Forces 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, 0 manufactured homes, 51 investment properties.
Why Armed Forces Bank denies applications
Primary reason reported for each of the 347 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Armed Forces Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 63 | 20 | 47.4% |
| $50k – $100k | 515 | 302 | 19.5% |
| $100k – $150k | 595 | 342 | 19.4% |
| $150k – $250k | 549 | 336 | 15.7% |
| Over $250k | 288 | 163 | 18.1% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 93 | 62 | 10.1% |
| 25–34 | 584 | 363 | 15.6% |
| 35–44 | 689 | 400 | 19.2% |
| 45–54 | 410 | 238 | 22.3% |
| 55–64 | 310 | 163 | 24.1% |
| 65–74 | 166 | 75 | 31.8% |
| Over 74 | 90 | 38 | 34.5% |
Where Armed Forces Bank lends
52 states and 727 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Texas | 209 | 115 | 19.6% | 6.25% | #408 |
| Virginia | 196 | 128 | 11.2% | 6.25% | #208 |
| Florida | 126 | 61 | 18.3% | 5.75% | #445 |
| North Carolina | 122 | 67 | 8.2% | 6.13% | #293 |
| Kansas | 120 | 88 | 5.8% | 6.38% | #148 |
| Missouri | 117 | 71 | 17.1% | 6.25% | #252 |
| Georgia | 105 | 55 | 19.1% | 6.25% | #328 |
| California | 99 | 48 | 13.1% | 6.13% | #441 |
| Arizona | 89 | 59 | 15.7% | 6.38% | #257 |
| Washington | 71 | 45 | 9.9% | 6.13% | #272 |
| Maryland | 67 | 46 | 6.0% | 5.81% | #284 |
| Colorado | 66 | 34 | 13.6% | 6.13% | #271 |
| Alabama | 62 | 37 | 12.9% | 6.25% | #283 |
| Minnesota | 56 | 42 | 5.4% | 6.31% | #283 |
| Illinois | 54 | 25 | 14.8% | 6.13% | #449 |
| Tennessee | 49 | 25 | 8.2% | 6.00% | #414 |
| South Carolina | 46 | 22 | 19.6% | 5.75% | #356 |
| New Jersey | 44 | 22 | 25.0% | 6.00% | #376 |
| Ohio | 44 | 27 | 6.8% | 6.25% | #425 |
| Nevada | 41 | 26 | 9.8% | 6.06% | #224 |
| Pennsylvania | 37 | 17 | 18.9% | 6.13% | #522 |
| Michigan | 34 | 19 | 11.8% | 6.13% | #374 |
| New York | 32 | 21 | 9.4% | 6.50% | #372 |
| Oklahoma | 32 | 17 | 3.1% | 6.25% | #298 |
| Arkansas | 30 | 21 | 6.7% | 6.25% | #251 |
| New Mexico | 27 | 13 | 18.5% | 6.13% | #184 |
| Alaska | 26 | 22 | 11.5% | 6.13% | #76 |
| Kentucky | 25 | 15 | 12.0% | 6.00% | #328 |
| Massachusetts | 24 | 11 | 29.2% | 6.25% | #401 |
| Wisconsin | 24 | 11 | 29.2% | 6.00% | #398 |
| Indiana | 23 | 14 | 17.4% | 6.13% | #440 |
| Oregon | 23 | 11 | 17.4% | 5.75% | #282 |
| Utah | 23 | 12 | 21.7% | 6.00% | #230 |
| Mississippi | 17 | 11 | 17.7% | 6.25% | #252 |
| Connecticut | 16 | 9 | 18.8% | 5.88% | #323 |
| New Hampshire | 16 | 11 | 18.8% | 6.13% | #215 |
| Idaho | 13 | 6 | 23.1% | 6.19% | #253 |
| Nebraska | 13 | 10 | 15.4% | 6.06% | #231 |
| Louisiana | 12 | 6 | 8.3% | 6.00% | #357 |
| West Virginia | 12 | 4 | 50.0% | 6.25% | #240 |
| Wyoming | 12 | 7 | 0.0% | 5.75% | #135 |
| Montana | 10 | 3 | 20.0% | 5.75% | #177 |
| Rhode Island | 10 | 6 | 10.0% | 6.19% | #192 |
| Iowa | 9 | 4 | 11.1% | 6.25% | #371 |
| Delaware | 8 | 3 | 0.0% | 6.00% | #262 |
| Hawaii | 6 | 3 | 16.7% | 5.75% | #182 |
| Maine | 5 | 4 | 20.0% | 6.06% | #284 |
Frequently asked questions
Armed Forces Bank denied 20.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 22nd percentile of mid-size mortgage lenders.
The most common reason Armed Forces Bank gave in 2025 was "incomplete application", cited on 51.0% 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 Armed Forces Bank originated in 2025 was 6.13%, and its median rate spread over the average prime offer rate was -0.32 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 66% of its applications were for home purchases, 28% for refinancing (including cash-out), and 6% for home improvement or other purposes. By loan type: 25% conventional, 4% FHA, 71% 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.