Mortgage lender · Martinsville, IN · LEI 549300MNGYKM8QPYJL44

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

Home Bank SB earns a C, in line with the typical performance of small mortgage lenders. It turned down 10.7% of the applications it decided on in 2025, which ranks in the 46th percentile for approval odds. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

222Applications2025
70.7%Originatedof applications
10.7%Decision denial ratenational 22.6%
Median ratenational 6.63%
$46MLoan volume3 states

Home Bank SB at a glance, 2025

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

8.6%Denial rate (all applications)-9.42 pts vs national
10.7%Denial rate (decided applications)-11.92 pts vs national
70.7%Origination rate+12.69 pts vs national
18.0%Withdrawn by applicant
1.8%Closed for incompleteness
Median interest rate
Median rate spread (pts over APOR)
$210,000Median loan amount
Median total loan costs
$102kMedian applicant income
Median loan-to-value
0High-cost (HOEPA) loans

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%

46th10.7% denied

Processwithdrawn + incomplete share, weight 15%

20th19.8%

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
202321415613.1%14.7%$35M
20242471679.3%11.9%$41M
20252221578.6%10.7%$46M

What Home Bank SB 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 152 68% · 4.6% denied
Refinance 20 9% · 5.0% denied
Cash-out refinance 22 10% · 18.2% denied
Home improvement 14 6% · 21.4% denied
Other / HELOC 14 6% · 28.6% denied

By loan type

Conventional 215 97% · 7.9% denied
FHA 5 2% · 40.0% denied
VA 1 0% · 0.0% denied
USDA / RHS 1 0% · 0.0% denied

Also: 0 home-equity lines, 0 reverse mortgages, 5 manufactured homes, 35 investment properties.

Why Home Bank SB denies applications

Primary reason reported for each of the 19 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Debt-to-income ratio 8 42%
Credit history 5 26%
Collateral 2 11%
Unverifiable information 2 11%
Insufficient cash 1 5%
Other 1 5%

How these reasons compare nationally →

Who gets approved at Home Bank SB

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

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k23940.0%
$50k – $100k694712.7%
$100k – $150k44332.9%
$150k – $250k34293.3%
Over $250k25230.0%
Applicant ageApplicationsOriginatedDecision denial rate
25–3434237.7%
35–44332317.9%
45–5437276.7%
55–6438309.1%
65–7427199.5%

Where Home Bank SB lends

3 states and 28 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Indiana2171548.3%#189

Frequently asked questions

Home Bank SB denied 10.7% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 46th percentile of small mortgage lenders.

The most common reason Home Bank SB gave in 2025 was "debt-to-income ratio", cited on 42.1% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.

In 2025, 68% of its applications were for home purchases, 19% for refinancing (including cash-out), and 13% for home improvement or other purposes. By loan type: 97% conventional, 2% 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 Home Bank SB. Data sources · Methodology