Mortgage lender · Carrollton, IL · LEI 549300CP7747DCRW6U68

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

Carrollton Bank earns an A, placing it in the top fifth of mid-size mortgage lenders. It turned down 7.4% of the applications it decided on in 2025, which ranks in the 61st percentile for approval odds. Its median loan was priced 0.14 points above the average prime offer rate, ranking in the 71st percentile on pricing. Compared against 581 mid-size mortgage lenders using 2025 HMDA filings.

1.7kApplications2025
80.6%Originatedof applications
7.4%Decision denial ratenational 22.6%
6.75%Median ratenational 6.63%
$341MLoan volume24 states

Carrollton Bank at a glance, 2025

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

6.5%Denial rate (all applications)-11.51 pts vs national
7.4%Denial rate (decided applications)-15.22 pts vs national
80.6%Origination rate+22.57 pts vs national
12.0%Withdrawn by applicant
0.3%Closed for incompleteness
6.75%Median interest rate+0.13 pts vs national
0.14Median rate spread (pts over APOR)-0.11 pts vs national
$165,000Median loan amount
$3,245Median total loan costs
$101kMedian applicant income
80%Median loan-to-value
0High-cost (HOEPA) loans

How the A 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%

61st7.4% denied

Pricingmedian rate spread over APOR, weight 30%

71st0.14 pts

Processwithdrawn + incomplete share, weight 15%

73rd12.3%

Closing coststotal loan costs ÷ loan amount, weight 10%

65th1.97% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20232,1961,7755.4%6.2%7.00%$384M
20241,5551,2337.5%8.6%7.12%$278M
20251,6551,3346.5%7.4%6.75%$341M

What Carrollton 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 1,102 67% · 3.9% denied
Refinance 220 13% · 5.5% denied
Cash-out refinance 58 4% · 19.0% denied
Home improvement 149 9% · 14.1% denied
Other / HELOC 126 8% · 15.9% denied

By loan type

Conventional 1,525 92% · 5.7% denied
FHA 79 5% · 20.3% denied
VA 42 3% · 7.1% denied
USDA / RHS 9 1% · 11.1% denied

Also: 347 home-equity lines, 0 reverse mortgages, 3 manufactured homes, 329 investment properties.

Why Carrollton Bank denies applications

Primary reason reported for each of the 107 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Debt-to-income ratio 46 43%
Credit history 33 31%
Other 15 14%
Collateral 6 6%
Employment history 3 3%
Unverifiable information 2 2%
Incomplete application 2 2%

How these reasons compare nationally →

Who gets approved at Carrollton Bank

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

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k19113419.8%
$50k – $100k5003838.8%
$100k – $150k2722217.1%
$150k – $250k2321895.0%
Over $250k1991663.5%
Applicant ageApplicationsOriginatedDecision denial rate
Under 25107963.0%
25–343052427.3%
35–443292529.7%
45–542952329.0%
55–642291788.7%
65–741158713.0%
Over 74463111.1%

Where Carrollton Bank lends

24 states and 89 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Missouri8816737.3%6.75%#58
Illinois7206165.8%6.75%#102
Florida16120.0%6.75%#806
Colorado5320.0%7.00%#614

Frequently asked questions

Carrollton Bank denied 7.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 61st percentile of mid-size mortgage lenders.

The most common reason Carrollton Bank gave in 2025 was "debt-to-income ratio", cited on 43.0% 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 Carrollton Bank originated in 2025 was 6.75%, and its median rate spread over the average prime offer rate was 0.14 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 67% of its applications were for home purchases, 17% for refinancing (including cash-out), and 17% for home improvement or other purposes. By loan type: 92% conventional, 5% FHA, 3% 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 Carrollton Bank. Data sources · Methodology