BankPlus at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B grade breaks down
Each component is a percentile rank among 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
43rd12.2% deniedPricingmedian rate spread over APOR, weight 30%
78th0.04 ptsProcesswithdrawn + incomplete share, weight 15%
62nd14.5%Closing coststotal loan costs ÷ loan amount, weight 10%
68th1.90% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 3,593 | 2,556 | 10.7% | 10.9% | 7.50% | $669M |
| 2024 | 3,698 | 2,745 | 10.7% | 12.0% | 7.00% | $741M |
| 2025 | 3,744 | 2,733 | 10.4% | 12.2% | 6.63% | $735M |
What BankPlus 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: 992 home-equity lines, 0 reverse mortgages, 125 manufactured homes, 891 investment properties.
Why BankPlus denies applications
Primary reason reported for each of the 391 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at BankPlus
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 353 | 185 | 35.7% |
| $50k – $100k | 810 | 542 | 19.4% |
| $100k – $150k | 613 | 460 | 9.9% |
| $150k – $250k | 627 | 453 | 8.9% |
| Over $250k | 703 | 567 | 4.7% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 113 | 74 | 13.6% |
| 25–34 | 539 | 405 | 8.8% |
| 35–44 | 726 | 492 | 16.7% |
| 45–54 | 703 | 502 | 13.8% |
| 55–64 | 594 | 428 | 13.9% |
| 65–74 | 363 | 248 | 17.0% |
| Over 74 | 142 | 107 | 13.6% |
Where BankPlus lends
25 states and 189 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
BankPlus denied 12.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 43rd percentile of mid-size mortgage lenders.
The most common reason BankPlus gave in 2025 was "debt-to-income ratio", cited on 62.7% 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 BankPlus originated in 2025 was 6.63%, and its median rate spread over the average prime offer rate was 0.04 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 51% of its applications were for home purchases, 29% for refinancing (including cash-out), and 20% for home improvement or other purposes. By loan type: 93% conventional, 5% 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.