BNC National Bank 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 412 home-equity (HELOC) lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
81st14.5% deniedPricingmedian rate spread over APOR, weight 30%
32nd0.32 ptsProcesswithdrawn + incomplete share, weight 15%
77th7.6%Closing coststotal loan costs ÷ loan amount, weight 10%
96th0.36% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 2,112 | 1,139 | 12.2% | 18.5% | 5.88% | $448M |
| 2024 | 134 | 113 | 6.7% | 7.3% | 7.75% | $22M |
| 2025 | 157 | 121 | 13.4% | 14.5% | 7.50% | $17M |
What BNC National 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
By loan type
Also: 118 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 29 investment properties.
Why BNC National Bank denies applications
Primary reason reported for each of the 21 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at BNC National Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 31 | 22 | 25.8% |
| $100k – $150k | 35 | 26 | 15.6% |
| $150k – $250k | 35 | 29 | 12.1% |
| Over $250k | 25 | 23 | 4.2% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 35–44 | 44 | 31 | 20.0% |
| 45–54 | 42 | 35 | 14.6% |
| 55–64 | 30 | 24 | 10.7% |
Where BNC National Bank lends
4 states and 16 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| North Dakota | 136 | 105 | 12.5% | 7.50% | #37 |
| Arizona | 19 | 14 | 21.1% | 7.18% | #421 |
Frequently asked questions
BNC National Bank denied 14.5% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 81st percentile of home-equity (HELOC) lenders.
The most common reason BNC National Bank gave in 2025 was "debt-to-income ratio", cited on 61.9% 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 BNC National Bank originated in 2025 was 7.50%, and its median rate spread over the average prime offer rate was 0.32 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 14% of its applications were for home purchases, 10% for refinancing (including cash-out), and 76% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% 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.