HomeTown Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
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%
77th4.2% deniedPricingmedian rate spread over APOR, weight 30%
54th0.23 ptsProcesswithdrawn + incomplete share, weight 15%
57th10.2%Closing coststotal loan costs ÷ loan amount, weight 10%
40th2.18% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 304 | 247 | 9.2% | 9.8% | 6.84% | $48M |
| 2024 | 337 | 283 | 6.5% | 7.0% | 7.21% | $71M |
| 2025 | 372 | 318 | 3.8% | 4.2% | 6.75% | $75M |
What HomeTown 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
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 5 manufactured homes, 62 investment properties.
Why HomeTown Bank denies applications
Primary reason reported for each of the 14 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at HomeTown Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 31 | 26 | 3.5% |
| $50k – $100k | 97 | 84 | 5.6% |
| $100k – $150k | 90 | 77 | 6.1% |
| $150k – $250k | 71 | 60 | 1.6% |
| Over $250k | 49 | 43 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 30 | 27 | 3.6% |
| 25–34 | 66 | 55 | 1.8% |
| 35–44 | 83 | 68 | 8.0% |
| 45–54 | 84 | 71 | 4.1% |
| 55–64 | 43 | 37 | 2.6% |
| 65–74 | 27 | 25 | 3.9% |
Where HomeTown Bank lends
4 states and 56 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Minnesota | 362 | 310 | 3.9% | 6.75% | #99 |
| South Dakota | 5 | 5 | 0.0% | 6.75% | #171 |
Frequently asked questions
HomeTown Bank denied 4.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 77th percentile of small mortgage lenders.
The most common reason HomeTown Bank gave in 2025 was "credit history", cited on 50.0% 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 HomeTown Bank originated in 2025 was 6.75%, and its median rate spread over the average prime offer rate was 0.23 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 53% of its applications were for home purchases, 29% for refinancing (including cash-out), and 18% 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.