Discover Bank · Missouri · 2025

Discover Bank in Missouri: approval rate, denial rate and rates (2025)

Discover Bank took 1,312 mortgage applications in Missouri in 2025, ranking #40 of 1,023 lenders active in the state. It originated 16.3% of them and denied 53.4% (75.9% of the applications it decided), against a statewide denial rate of 15.1%.

1.3kApplicationsin MO
75.9%Decision denial ratestate 18.7%
8.66%Median ratestate 6.63%
$65,000Median loanstate $175,000
$17MVolume96 counties

Discover Bank in Missouri vs the state

53.4%Denial rate+38.36 pts vs state
75.9%Decision denial rate+57.17 pts vs state
16.3%Origination rate-46.35 pts vs state
8.66%Median rate+2.04 pts vs state
2.18Rate spread (pts)+1.82 pts vs state
$100kMedian applicant income
214Loans originated
701Denied

Trend in Missouri

YearApplicationsOriginatedDenial rateMedian rateRank in state
20234,01063945.4%9.84%#12
20243,98980247.4%8.86%#13
20251,31221453.4%8.66%#40

What Discover Bank lends in Missouri

By loan purpose

Home purchase 72 5% · 58.3% denied
Refinance 220 17% · 56.8% denied
Home improvement 349 27% · 44.4% denied
Other / HELOC 671 51% · 56.5% denied

By loan type

Conventional 1,312 100% · 53.4% denied

Why it denied Missouri applicants

Credit history 324 46%
Collateral 109 16%
Debt-to-income ratio 107 15%
Incomplete application 97 14%
Other 57 8%
Unverifiable information 5 1%
Employment history 2 0%

Where in Missouri

Counties with the most Discover Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
St. Louis County 20941114 54.5%
Jackson County 1482574 50.0%
St. Charles County 1322559 44.7%
Clay County 682237 54.4%
Jefferson County 661237 56.1%
Greene County 651239 60.0%
Christian County 40525 62.5%
St. Louis city 40826 65.0%
Boone County 35515 42.9%
Platte County 32416 50.0%

Other large lenders in Missouri

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 10,46018.4%6.63%
Flat Branch MortgageA 8,9990.9%6.63%
Guild MortgageA 7,3882.5%6.63%
U.S. BankD 7,19032.8%7.63%
The Central Trust BankC 7,0229.7%6.63%
United Shore Financial ServicesB 6,7108.0%6.55%
Communityamerica Credit UnionB 5,84316.8%6.49%
Mortgage Research CenterC 5,73415.6%6.25%
Broker SolutionsD 5,0077.8%6.88%
Commerce BankD 4,90527.2%6.72%

Frequently asked questions

Missouri: 1,312 applications in 2025, of which 214 were originated and 701 denied.

53.4% of all applications, or 75.9% of the applications it actually decided on. The Missouri statewide average across all lenders was 15.1%.

The median rate on loans Discover Bank originated in Missouri in 2025 was 8.66%, against a statewide median of 6.63%.

About this data. Figures are Discover Bank's own HMDA filing for properties located in Missouri, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology