Devon Bank 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%
64th6.7% deniedProcesswithdrawn + incomplete share, weight 15%
2nd38.7%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 729 | 400 | 7.0% | 10.2% | 7.00% | $155M |
| 2024 | 640 | 372 | 5.2% | 7.2% | 6.88% | $149M |
| 2025 | 587 | 332 | 4.1% | 6.7% | — | $126M |
What Devon 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, 0 manufactured homes, 46 investment properties.
Who gets approved at Devon Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 21 | 11 | 31.3% |
| $50k – $100k | 167 | 90 | 7.2% |
| $100k – $150k | 158 | 81 | 8.7% |
| $150k – $250k | 141 | 95 | 1.0% |
| Over $250k | 91 | 47 | 5.9% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 148 | 82 | 5.7% |
| 35–44 | 206 | 115 | 7.3% |
| 45–54 | 127 | 76 | 7.1% |
| 55–64 | 64 | 36 | 7.5% |
Where Devon Bank lends
33 states and 141 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Illinois | 165 | 105 | 4.9% | — | #278 |
| Texas | 120 | 61 | 1.7% | — | #514 |
| California | 40 | 20 | 0.0% | — | #556 |
| Georgia | 25 | 10 | 4.0% | — | #540 |
| Minnesota | 25 | 19 | 4.0% | — | #365 |
| Ohio | 23 | 13 | 4.4% | — | #506 |
| Washington | 19 | 10 | 5.3% | — | #396 |
| Louisiana | 17 | 9 | 23.5% | — | #327 |
| Utah | 15 | 10 | 0.0% | — | #257 |
| Virginia | 15 | 9 | 6.7% | — | #527 |
| Indiana | 12 | 8 | 16.7% | — | #528 |
| Florida | 11 | 6 | 0.0% | — | #891 |
| North Carolina | 9 | 4 | 11.1% | — | #646 |
| Nebraska | 9 | 7 | 0.0% | — | #260 |
| Oklahoma | 9 | 5 | 0.0% | — | #413 |
| Michigan | 8 | 2 | 12.5% | — | #539 |
| Wisconsin | 8 | 4 | 12.5% | — | #505 |
| New Hampshire | 7 | 3 | 0.0% | — | #292 |
| Tennessee | 7 | 7 | 0.0% | — | #698 |
| Connecticut | 6 | 2 | 0.0% | — | #425 |
| Oregon | 6 | 3 | 0.0% | — | #415 |
Frequently asked questions
Devon Bank denied 6.7% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 64th percentile of small mortgage lenders.
In 2025, 86% of its applications were for home purchases, 14% for refinancing (including cash-out), and 0% 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.