Bank3 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%
79th3.9% deniedProcesswithdrawn + incomplete share, weight 15%
60th9.5%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 120 | 96 | 5.8% | 6.2% | — | $27M |
| 2024 | 68 | 57 | 2.9% | 3.4% | — | $16M |
| 2025 | 200 | 173 | 3.5% | 3.9% | — | $47M |
What Bank3 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, 7 manufactured homes, 15 investment properties.
Who gets approved at Bank3
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 20 | 18 | 5.3% |
| $50k – $100k | 81 | 69 | 6.8% |
| $100k – $150k | 44 | 38 | 2.5% |
| $150k – $250k | 36 | 31 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 21 | 18 | 0.0% |
| 25–34 | 47 | 41 | 4.7% |
| 35–44 | 53 | 44 | 4.3% |
| 45–54 | 27 | 25 | 7.4% |
| 55–64 | 31 | 25 | 3.9% |
Where Bank3 lends
9 states and 37 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Tennessee | 185 | 159 | 3.8% | — | #226 |
| Mississippi | 6 | 6 | 0.0% | — | #332 |
Frequently asked questions
Bank3 denied 3.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 79th percentile of small mortgage lenders.
In 2025, 84% of its applications were for home purchases, 14% for refinancing (including cash-out), and 2% for home improvement or other purposes. By loan type: 66% conventional, 15% FHA, 5% 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.