Core 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 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%
72nd5.2% deniedPricingmedian rate spread over APOR, weight 30%
83rd-0.03 ptsProcesswithdrawn + incomplete share, weight 15%
47th12.1%Closing coststotal loan costs ÷ loan amount, weight 10%
83rd1.06% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 598 | 460 | 3.3% | 4.1% | 6.75% | $140M |
| 2024 | 544 | 423 | 2.8% | 3.4% | 6.49% | $125M |
| 2025 | 552 | 456 | 4.5% | 5.2% | 6.25% | $145M |
What Core 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: 0 home-equity lines, 0 reverse mortgages, 2 manufactured homes, 33 investment properties.
Why Core Bank denies applications
Primary reason reported for each of the 25 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Core Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 26 | 17 | 19.1% |
| $50k – $100k | 196 | 165 | 5.1% |
| $100k – $150k | 130 | 111 | 2.6% |
| $150k – $250k | 111 | 93 | 4.0% |
| Over $250k | 68 | 51 | 7.3% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 36 | 33 | 2.9% |
| 25–34 | 180 | 156 | 1.3% |
| 35–44 | 149 | 119 | 7.8% |
| 45–54 | 98 | 83 | 4.5% |
| 55–64 | 52 | 37 | 15.9% |
| 65–74 | 23 | 16 | 0.0% |
Where Core Bank lends
19 states and 46 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
Core Bank denied 5.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 72nd percentile of small mortgage lenders.
The most common reason Core Bank gave in 2025 was "collateral", cited on 40.0% 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 Core Bank originated in 2025 was 6.25%, and its median rate spread over the average prime offer rate was -0.03 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 77% of its applications were for home purchases, 20% for refinancing (including cash-out), and 3% for home improvement or other purposes. By loan type: 79% conventional, 10% FHA, 11% 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.