Bank of America · Missouri · 2025

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

Bank of America took 3,487 mortgage applications in Missouri in 2025, ranking #15 of 1,023 lenders active in the state. It originated 43.6% of them and denied 30.0% (40.4% of the applications it decided), against a statewide denial rate of 15.1%.

3.5kApplicationsin MO
40.4%Decision denial ratestate 18.7%
6.24%Median ratestate 6.63%
$105,000Median loanstate $175,000
$278MVolume90 counties

Bank of America in Missouri vs the state

30.0%Denial rate+14.96 pts vs state
40.4%Decision denial rate+21.74 pts vs state
43.6%Origination rate-19.07 pts vs state
6.24%Median rate-0.38 pts vs state
1.64Rate spread (pts)+1.29 pts vs state
$94kMedian applicant income
1,520Loans originated
1,047Denied

Trend in Missouri

YearApplicationsOriginatedDenial rateMedian rateRank in state
20233,7571,50942.9%7.49%#13
20243,6441,53532.7%6.99%#14
20253,4871,52030.0%6.24%#15

What Bank of America lends in Missouri

By loan purpose

Home purchase 710 20% · 18.5% denied
Refinance 623 18% · 18.5% denied
Cash-out refinance 64 2% · 18.8% denied
Home improvement 1,297 37% · 38.6% denied
Other / HELOC 793 23% · 36.4% denied

By loan type

Conventional 3,450 99% · 29.9% denied
FHA 35 1% · 37.1% denied
VA 2 0% · 50.0% denied

Why it denied Missouri applicants

Credit history 554 53%
Debt-to-income ratio 316 30%
Collateral 108 10%
Unverifiable information 31 3%
Other 29 3%
Employment history 5 0%
Insufficient cash 4 0%

Where in Missouri

Counties with the most Bank of America applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
St. Louis County 1,185585302 25.5%
Jackson County 521204164 31.5%
St. Charles County 389185112 28.8%
St. Louis city 2189275 34.4%
Clay County 2138758 27.2%
Jefferson County 1979757 28.9%
Greene County 1274050 39.4%
Platte County 863231 36.0%
Cass County 682626 38.2%
Boone County 562912 21.4%

Other large lenders in Missouri

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 10,46018.4%6.63%
Flat Branch MortgageA 8,9990.9%6.63%
Guild MortgageA 7,3882.5%6.63%
U.S. BankD 7,19032.8%7.63%
The Central Trust BankC 7,0229.7%6.63%
United Shore Financial ServicesB 6,7108.0%6.55%
Communityamerica Credit UnionB 5,84316.8%6.49%
Mortgage Research CenterC 5,73415.6%6.25%
Broker SolutionsD 5,0077.8%6.88%
Commerce BankD 4,90527.2%6.72%

Frequently asked questions

Missouri: 3,487 applications in 2025, of which 1,520 were originated and 1,047 denied.

30.0% of all applications, or 40.4% of the applications it actually decided on. The Missouri statewide average across all lenders was 15.1%.

The median rate on loans Bank of America originated in Missouri 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 Missouri, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology