Mortgage lender · Grundy Center, IA · LEI 25490072C0PMGDUJQU77

Gnb Bank review: approval odds, rates and grade (2025)

Gnb Bank earns a B, better than most small mortgage lenders. It turned down 6.1% of the applications it decided on in 2025, which ranks in the 67th percentile for approval odds. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

137Applications2025
78.1%Originatedof applications
6.1%Decision denial ratenational 22.6%
Median ratenational 6.63%
$30MLoan volume5 states

Gnb Bank at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

5.1%Denial rate (all applications)-12.87 pts vs national
6.1%Denial rate (decided applications)-16.50 pts vs national
78.1%Origination rate+20.07 pts vs national
16.1%Withdrawn by applicant
0.0%Closed for incompleteness
Median interest rate
Median rate spread (pts over APOR)
$115,000Median loan amount
Median total loan costs
$91kMedian applicant income
Median loan-to-value
0High-cost (HOEPA) loans

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%

67th6.1% denied

Processwithdrawn + incomplete share, weight 15%

31st16.1%

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20231499916.8%20.2%$18M
202414611311.6%13.1%$17M
20251371075.1%6.1%$30M

What Gnb 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

Home purchase 101 74% · 5.9% denied
Refinance 25 18% · 4.0% denied
Cash-out refinance 5 4% · 0.0% denied
Home improvement 4 3% · 0.0% denied
Other / HELOC 2 1% · 0.0% denied

By loan type

Conventional 128 93% · 3.9% denied
USDA / RHS 9 7% · 22.2% denied

Also: 0 home-equity lines, 0 reverse mortgages, 2 manufactured homes, 35 investment properties.

Who gets approved at Gnb Bank

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k20137.1%
$50k – $100k41318.8%
$100k – $150k251810.0%
Applicant ageApplicationsOriginatedDecision denial rate
25–3431204.6%
35–4422137.1%

Where Gnb Bank lends

5 states and 26 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Iowa1301025.4%#133

Frequently asked questions

Gnb Bank denied 6.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 67th percentile of small mortgage lenders.

In 2025, 74% of its applications were for home purchases, 22% for refinancing (including cash-out), and 4% for home improvement or other purposes. By loan type: 93% 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.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with Gnb Bank. Data sources · Methodology