Mortgage lender · Waco, TX · LEI 549300QJOGSPJ8EAX798

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

Central National Bank earns an A, placing it in the top fifth of small mortgage lenders. It turned down 5.0% of the applications it decided on in 2025, which ranks in the 73rd percentile for approval odds. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

301Applications2025
89.4%Originatedof applications
5.0%Decision denial ratenational 22.6%
Median ratenational 6.63%
$97MLoan volume7 states

Central National Bank at a glance, 2025

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

5.0%Denial rate (all applications)-13.00 pts vs national
5.0%Denial rate (decided applications)-17.56 pts vs national
89.4%Origination rate+31.34 pts vs national
1.0%Withdrawn by applicant
0.0%Closed for incompleteness
Median interest rate
Median rate spread (pts over APOR)
$245,000Median loan amount
Median total loan costs
$158kMedian applicant income
Median loan-to-value
0High-cost (HOEPA) loans

How the A 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%

73rd5.0% denied

Processwithdrawn + incomplete share, weight 15%

93rd1.0%

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20232952565.4%5.7%$92M
20242502305.2%5.2%$94M
20253012695.0%5.0%$97M

What Central 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

Home purchase 214 71% · 2.8% denied
Refinance 46 15% · 6.5% denied
Home improvement 30 10% · 13.3% denied
Other / HELOC 11 4% · 18.2% denied

By loan type

Conventional 297 99% · 5.1% denied
VA 4 1% · 0.0% denied

Also: 0 home-equity lines, 0 reverse mortgages, 2 manufactured homes, 102 investment properties.

Why Central National Bank denies applications

Primary reason reported for each of the 15 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Credit history 7 47%
Debt-to-income ratio 7 47%
Employment history 1 7%

How these reasons compare nationally →

Who gets approved at Central National Bank

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

Applicant incomeApplicationsOriginatedDecision denial rate
$50k – $100k39337.7%
$100k – $150k463815.2%
$150k – $250k55493.8%
Over $250k66620.0%
Applicant ageApplicationsOriginatedDecision denial rate
25–3432286.3%
35–4444384.6%
45–5472625.6%
55–6438352.7%
65–7421194.8%

Where Central National Bank lends

7 states and 27 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Texas2942625.1%#341

Frequently asked questions

Central National Bank denied 5.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 73rd percentile of small mortgage lenders.

The most common reason Central National Bank gave in 2025 was "credit history", cited on 46.7% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.

In 2025, 71% of its applications were for home purchases, 15% for refinancing (including cash-out), and 14% for home improvement or other purposes. By loan type: 99% 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 Central National Bank. Data sources · Methodology