Mortgage lender · Palmyra, MO · LEI 549300DFV63SJPNIII97

HomeBank review: approval odds, rates and grade (2025)

HomeBank earns an A, placing it in the top fifth of small mortgage lenders. It turned down 0.9% of the applications it decided on in 2025, which ranks in the 94th percentile for approval odds. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

249Applications2025
91.2%Originatedof applications
0.9%Decision denial ratenational 22.6%
Median ratenational 6.63%
$39MLoan volume3 states

HomeBank at a glance, 2025

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

0.8%Denial rate (all applications)-17.18 pts vs national
0.9%Denial rate (decided applications)-21.72 pts vs national
91.2%Origination rate+33.13 pts vs national
8.0%Withdrawn by applicant
0.0%Closed for incompleteness
Median interest rate
Median rate spread (pts over APOR)
$145,000Median loan amount
Median total loan costs
$96kMedian applicant income
Median loan-to-value
0High-cost (HOEPA) loans

How the A 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%

94th0.9% denied

Processwithdrawn + incomplete share, weight 15%

67th8.0%

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20232411984.2%4.8%7.45%$30M
20242422122.9%3.2%7.94%$33M
20252492270.8%0.9%$39M

What HomeBank 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 181 73% · 1.1% denied
Refinance 26 10% · 0.0% denied
Cash-out refinance 13 5% · 0.0% denied
Home improvement 24 10% · 0.0% denied
Other / HELOC 5 2% · 0.0% denied

By loan type

Conventional 248 100% · 0.4% denied
USDA / RHS 1 0% · 100.0% denied

Also: 0 home-equity lines, 0 reverse mortgages, 10 manufactured homes, 70 investment properties.

Why HomeBank denies applications

Primary reason reported for each of the 2 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Credit history 2 100%

How these reasons compare nationally →

Who gets approved at HomeBank

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

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k33290.0%
$50k – $100k78730.0%
$100k – $150k58510.0%
$150k – $250k35320.0%
Applicant ageApplicationsOriginatedDecision denial rate
Under 2531257.4%
25–3473670.0%
35–4432280.0%
45–5444380.0%
55–6428280.0%

Where HomeBank lends

3 states and 30 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Missouri1651501.2%#207
Illinois83760.0%#376

Frequently asked questions

HomeBank denied 0.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 94th percentile of small mortgage lenders.

The most common reason HomeBank gave in 2025 was "credit history", cited on 100.0% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.

In 2025, 73% of its applications were for home purchases, 16% for refinancing (including cash-out), and 12% 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.

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 HomeBank. Data sources · Methodology