Crane at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C 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%
33rd14.1% deniedPricingmedian rate spread over APOR, weight 30%
50th0.27 ptsProcesswithdrawn + incomplete share, weight 15%
94th0.7%Closing coststotal loan costs ÷ loan amount, weight 10%
62nd1.60% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 619 | 431 | 13.7% | 15.9% | 6.88% | $78M |
| 2024 | 722 | 591 | 11.6% | 11.8% | 7.00% | $98M |
| 2025 | 745 | 586 | 14.0% | 14.1% | 7.00% | $108M |
What Crane 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, 64 manufactured homes, 252 investment properties.
Why Crane 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.
Who gets approved at Crane
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 103 | 59 | 30.1% |
| $50k – $100k | 213 | 138 | 23.4% |
| $100k – $150k | 132 | 100 | 14.5% |
| $150k – $250k | 54 | 48 | 7.4% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 40 | 28 | 20.0% |
| 25–34 | 104 | 65 | 22.6% |
| 35–44 | 109 | 71 | 25.0% |
| 45–54 | 100 | 70 | 23.2% |
| 55–64 | 83 | 66 | 12.2% |
| 65–74 | 65 | 49 | 12.3% |
| Over 74 | 22 | 15 | 22.7% |
Where Crane lends
5 states and 50 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Indiana | 732 | 578 | 14.1% | 7.00% | #84 |
Frequently asked questions
Crane denied 14.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 33rd percentile of small mortgage lenders.
The most common reason Crane gave in 2025 was "credit history", cited on 43.3% 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 Crane originated in 2025 was 7.00%, and its median rate spread over the average prime offer rate was 0.27 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 15% of its applications were for home purchases, 84% for refinancing (including cash-out), and 1% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% 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.