Heartland Bank and Trust at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the D grade breaks down
Each component is a percentile rank among 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
29th17.2% deniedPricingmedian rate spread over APOR, weight 30%
8th0.78 ptsProcesswithdrawn + incomplete share, weight 15%
91st7.0%Closing coststotal loan costs ÷ loan amount, weight 10%
38th2.57% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,209 | 845 | 10.8% | 12.3% | 6.80% | $216M |
| 2024 | 846 | 621 | 10.4% | 11.5% | 7.08% | $124M |
| 2025 | 1,301 | 918 | 16.0% | 17.2% | 7.25% | $161M |
What Heartland Bank and Trust 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: 436 home-equity lines, 0 reverse mortgages, 1 manufactured homes, 175 investment properties.
Why Heartland Bank and Trust denies applications
Primary reason reported for each of the 208 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Heartland Bank and Trust
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 212 | 108 | 35.9% |
| $50k – $100k | 435 | 295 | 18.5% |
| $100k – $150k | 235 | 170 | 14.8% |
| $150k – $250k | 194 | 147 | 10.7% |
| Over $250k | 81 | 64 | 8.1% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 65 | 46 | 12.7% |
| 25–34 | 176 | 125 | 14.2% |
| 35–44 | 217 | 146 | 22.4% |
| 45–54 | 239 | 157 | 19.3% |
| 55–64 | 243 | 154 | 21.4% |
| 65–74 | 154 | 115 | 14.0% |
| Over 74 | 93 | 61 | 25.6% |
Where Heartland Bank and Trust lends
14 states and 92 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
Heartland Bank and Trust denied 17.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 29th percentile of mid-size mortgage lenders.
The most common reason Heartland Bank and Trust gave in 2025 was "debt-to-income ratio", cited on 38.5% 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 Heartland Bank and Trust originated in 2025 was 7.25%, and its median rate spread over the average prime offer rate was 0.78 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 41% of its applications were for home purchases, 22% for refinancing (including cash-out), and 36% for home improvement or other purposes. By loan type: 96% conventional, 3% 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.