Cortrust Mortgage at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B 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%
66th6.2% deniedPricingmedian rate spread over APOR, weight 30%
84th-0.03 ptsProcesswithdrawn + incomplete share, weight 15%
18th20.7%Closing coststotal loan costs ÷ loan amount, weight 10%
36th2.30% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 455 | 326 | 7.0% | 8.9% | 6.50% | $82M |
| 2024 | 527 | 407 | 3.8% | 4.7% | 6.38% | $106M |
| 2025 | 628 | 467 | 4.9% | 6.2% | 6.25% | $130M |
What Cortrust Mortgage 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, 1 manufactured homes, 26 investment properties.
Why Cortrust Mortgage denies applications
Primary reason reported for each of the 31 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Cortrust Mortgage
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 60 | 42 | 10.6% |
| $50k – $100k | 240 | 177 | 7.8% |
| $100k – $150k | 127 | 98 | 6.7% |
| $150k – $250k | 124 | 93 | 1.1% |
| Over $250k | 67 | 48 | 5.9% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 74 | 60 | 1.6% |
| 25–34 | 178 | 130 | 7.8% |
| 35–44 | 142 | 104 | 5.5% |
| 45–54 | 110 | 82 | 9.9% |
| 55–64 | 73 | 51 | 3.8% |
| 65–74 | 37 | 28 | 6.7% |
Where Cortrust Mortgage lends
20 states and 98 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Minnesota | 300 | 217 | 5.0% | 6.25% | #115 |
| South Dakota | 298 | 229 | 5.4% | 6.13% | #24 |
| Nebraska | 5 | 3 | 0.0% | 6.63% | #306 |
Frequently asked questions
Cortrust Mortgage denied 6.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 66th percentile of small mortgage lenders.
The most common reason Cortrust Mortgage gave in 2025 was "debt-to-income ratio", cited on 51.6% 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 Cortrust Mortgage 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, 76% of its applications were for home purchases, 22% for refinancing (including cash-out), and 1% for home improvement or other purposes. By loan type: 84% conventional, 13% FHA, 2% 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.