Mortgage lender · Madison, WI · LEI 549300EES32R2VOEK894

Bankers' Bank review: approval odds, rates and grade (2025)

Bankers' Bank earns a C, in line with the typical performance of small mortgage lenders. It turned down 13.0% of the applications it decided on in 2025, which ranks in the 36th percentile for approval odds. Its median loan was priced 0.18 points above the average prime offer rate, ranking in the 63rd percentile on pricing. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

589Applications2025
68.3%Originatedof applications
13.0%Decision denial ratenational 22.6%
6.50%Median ratenational 6.63%
$98MLoan volume11 states

Bankers' Bank at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

10.4%Denial rate (all applications)-7.62 pts vs national
13.0%Denial rate (decided applications)-9.56 pts vs national
68.3%Origination rate+10.22 pts vs national
16.6%Withdrawn by applicant
3.9%Closed for incompleteness
6.50%Median interest rate-0.13 pts vs national
0.18Median rate spread (pts over APOR)-0.08 pts vs national
$205,000Median loan amount
$3,159Median total loan costs
$100kMedian applicant income
80%Median loan-to-value
0High-cost (HOEPA) loans

How the C 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%

36th13.0% denied

Pricingmedian rate spread over APOR, weight 30%

63rd0.18 pts

Processwithdrawn + incomplete share, weight 15%

18th20.5%

Closing coststotal loan costs ÷ loan amount, weight 10%

64th1.54% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
202341628710.6%13.2%6.75%$57M
202448933711.9%14.5%6.63%$76M
202558940210.4%13.0%6.50%$98M

What Bankers' 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

Home purchase 441 75% · 10.4% denied
Refinance 92 16% · 6.5% denied
Cash-out refinance 53 9% · 15.1% denied
Home improvement 3 1% · 33.3% denied

By loan type

Conventional 558 95% · 7.9% denied
VA 3 1% · 33.3% denied
USDA / RHS 28 5% · 57.1% denied

Also: 0 home-equity lines, 0 reverse mortgages, 3 manufactured homes, 27 investment properties.

Why Bankers' Bank denies applications

Primary reason reported for each of the 61 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Debt-to-income ratio 22 36%
Collateral 19 31%
Credit history 13 21%
Other 3 5%
Employment history 2 3%
Insufficient cash 2 3%

How these reasons compare nationally →

Who gets approved at Bankers' Bank

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k744128.8%
$50k – $100k22014616.6%
$100k – $150k1391017.2%
$150k – $250k112836.7%
Over $250k44313.0%
Applicant ageApplicationsOriginatedDecision denial rate
Under 25774720.0%
25–3418212611.7%
35–441228311.6%
45–54956713.9%
55–6465489.4%
65–74352116.0%

Where Bankers' Bank lends

11 states and 165 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Iowa151986.0%6.38%#122
Illinois1328813.6%6.63%#309
Wisconsin1289010.2%6.50%#224
Ohio725313.9%6.50%#360
Indiana453113.3%6.88%#360
Kansas261911.5%6.50%#284
Michigan23154.4%6.75%#418
Missouri9711.1%6.13%#520

Frequently asked questions

Bankers' Bank denied 13.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 36th percentile of small mortgage lenders.

The most common reason Bankers' Bank gave in 2025 was "debt-to-income ratio", cited on 36.1% 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 Bankers' Bank originated in 2025 was 6.50%, and its median rate spread over the average prime offer rate was 0.18 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 75% of its applications were for home purchases, 25% for refinancing (including cash-out), and 1% for home improvement or other purposes. By loan type: 95% conventional, 0% FHA, 1% 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.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with Bankers' Bank. Data sources · Methodology