Hills 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 A 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%
63rd6.6% deniedPricingmedian rate spread over APOR, weight 30%
83rd-0.05 ptsProcesswithdrawn + incomplete share, weight 15%
91st6.9%Closing coststotal loan costs ÷ loan amount, weight 10%
88th1.20% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 3,484 | 3,022 | 2.7% | 2.9% | 6.88% | $586M |
| 2024 | 2,597 | 2,128 | 7.0% | 7.6% | 6.75% | $454M |
| 2025 | 3,438 | 2,876 | 6.2% | 6.6% | 6.25% | $634M |
What Hills 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: 733 home-equity lines, 0 reverse mortgages, 6 manufactured homes, 602 investment properties.
Why Hills Bank and Trust denies applications
Primary reason reported for each of the 212 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Hills 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 | 325 | 253 | 11.6% |
| $50k – $100k | 1,063 | 880 | 7.4% |
| $100k – $150k | 751 | 626 | 6.0% |
| $150k – $250k | 523 | 450 | 4.5% |
| Over $250k | 208 | 175 | 3.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 205 | 195 | 1.0% |
| 25–34 | 731 | 612 | 3.9% |
| 35–44 | 701 | 586 | 6.7% |
| 45–54 | 528 | 426 | 9.9% |
| 55–64 | 389 | 317 | 10.3% |
| 65–74 | 287 | 234 | 4.9% |
| Over 74 | 144 | 114 | 10.1% |
Where Hills Bank and Trust lends
4 states and 35 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Iowa | 3,434 | 2,874 | 6.1% | 6.25% | #4 |
Frequently asked questions
Hills Bank and Trust denied 6.6% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 63rd percentile of mid-size mortgage lenders.
The most common reason Hills Bank and Trust gave in 2025 was "debt-to-income ratio", cited on 45.8% 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 Hills Bank and Trust originated in 2025 was 6.25%, and its median rate spread over the average prime offer rate was -0.05 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 68% of its applications were for home purchases, 16% for refinancing (including cash-out), and 17% 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.