Bank Forward at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A 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%
93rd1.3% deniedProcesswithdrawn + incomplete share, weight 15%
42nd13.5%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 203 | 167 | 1.5% | 1.8% | 6.75% | $111M |
| 2024 | 203 | 156 | 1.5% | 1.9% | — | $42M |
| 2025 | 178 | 152 | 1.1% | 1.3% | — | $70M |
What Bank Forward 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, 2 manufactured homes, 55 investment properties.
Who gets approved at Bank Forward
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 42 | 31 | 6.1% |
| $100k – $150k | 26 | 19 | 0.0% |
| $150k – $250k | 25 | 19 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 28 | 23 | 0.0% |
| 35–44 | 38 | 33 | 0.0% |
| 45–54 | 24 | 17 | 0.0% |
Where Bank Forward lends
6 states and 33 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| North Dakota | 101 | 93 | 1.0% | — | #47 |
| Minnesota | 71 | 54 | 1.4% | — | #243 |
Frequently asked questions
Bank Forward denied 1.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 93rd percentile of small mortgage lenders.
In 2025, 74% of its applications were for home purchases, 22% for refinancing (including cash-out), and 4% for home improvement or other purposes. By loan type: 99% conventional, 1% 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.