Mortgage lender · Lexington, KY · LEI 549300C5GU86M1X2DG56

Central Bank & Trust review: approval odds, rates and grade (2025)

Central Bank & Trust earns a B, better than most mid-size mortgage lenders. It turned down 9.9% of the applications it decided on in 2025, which ranks in the 51st percentile for approval odds. Its median loan was priced 0.18 points above the average prime offer rate, ranking in the 65th percentile on pricing. Compared against 581 mid-size mortgage lenders using 2025 HMDA filings.

1.2kApplications2025
80.2%Originatedof applications
9.9%Decision denial ratenational 22.6%
7.25%Median ratenational 6.63%
$245MLoan volume13 states

Central Bank & Trust at a glance, 2025

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

9.0%Denial rate (all applications)-8.98 pts vs national
9.9%Denial rate (decided applications)-12.72 pts vs national
80.2%Origination rate+22.14 pts vs national
8.7%Withdrawn by applicant
0.0%Closed for incompleteness
7.25%Median interest rate+0.63 pts vs national
0.18Median rate spread (pts over APOR)-0.07 pts vs national
$205,000Median loan amount
$2,877Median total loan costs
$133kMedian applicant income
72%Median loan-to-value
0High-cost (HOEPA) loans

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%

51st9.9% denied

Pricingmedian rate spread over APOR, weight 30%

65th0.18 pts

Processwithdrawn + incomplete share, weight 15%

86th8.7%

Closing coststotal loan costs ÷ loan amount, weight 10%

83rd1.40% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20231,3071,0789.4%10.1%7.00%$287M
20241,2401,0059.8%10.6%7.99%$231M
20251,1559269.0%9.9%7.25%$245M

What Central Bank & Trust 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 508 44% · 2.8% denied
Refinance 168 15% · 11.9% denied
Cash-out refinance 31 3% · 16.1% denied
Home improvement 235 20% · 11.9% denied
Other / HELOC 213 18% · 17.4% denied

By loan type

Conventional 1,108 96% · 9.3% denied
FHA 34 3% · 2.9% denied
VA 9 1% · 0.0% denied
USDA / RHS 4 0% · 0.0% denied

Also: 570 home-equity lines, 0 reverse mortgages, 18 manufactured homes, 114 investment properties.

Why Central Bank & Trust denies applications

Primary reason reported for each of the 104 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Credit history 36 35%
Debt-to-income ratio 35 34%
Incomplete application 8 8%
Collateral 7 7%
Other 6 6%
Employment history 6 6%
Unverifiable information 5 5%
Insufficient cash 1 1%

How these reasons compare nationally →

Who gets approved at Central Bank & Trust

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

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k894928.2%
$50k – $100k30922217.1%
$100k – $150k1921527.7%
$150k – $250k2071796.7%
Over $250k2792483.1%
Applicant ageApplicationsOriginatedDecision denial rate
Under 2524214.6%
25–342261827.1%
35–4423118111.0%
45–5422617713.4%
55–6420416210.6%
65–74125979.7%
Over 74675411.3%

Where Central Bank & Trust lends

13 states and 70 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Kentucky1,1028829.0%7.25%#38
Indiana231913.0%7.50%#438
Ohio12108.3%7.00%#594
Florida770.0%6.75%#1,006

Frequently asked questions

Central Bank & Trust denied 9.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 51st percentile of mid-size mortgage lenders.

The most common reason Central Bank & Trust gave in 2025 was "credit history", cited on 34.6% 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 Central Bank & Trust originated in 2025 was 7.25%, 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, 44% of its applications were for home purchases, 17% for refinancing (including cash-out), and 39% for home improvement or other purposes. By loan type: 96% conventional, 3% 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 Central Bank & Trust. Data sources · Methodology