Bank of Cleveland 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%
92nd1.3% deniedProcesswithdrawn + incomplete share, weight 15%
57th10.2%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 229 | 195 | 2.2% | 2.5% | — | $50M |
| 2024 | 274 | 250 | 3.3% | 3.5% | — | $65M |
| 2025 | 167 | 147 | 1.2% | 1.3% | — | $39M |
What Bank of Cleveland 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, 43 investment properties.
Who gets approved at Bank of Cleveland
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 69 | 63 | 1.6% |
| $100k – $150k | 28 | 22 | 0.0% |
| $150k – $250k | 24 | 21 | 0.0% |
| Over $250k | 20 | 20 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 41 | 34 | 2.9% |
| 35–44 | 20 | 16 | 5.9% |
| 45–54 | 35 | 31 | 0.0% |
| 55–64 | 36 | 35 | 0.0% |
Where Bank of Cleveland lends
2 states and 13 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
Bank of Cleveland 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 92nd percentile of small mortgage lenders.
In 2025, 65% of its applications were for home purchases, 32% for refinancing (including cash-out), and 3% for home improvement or other purposes. By loan type: 84% conventional, 11% 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.