Independent 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%
63rd6.9% deniedProcesswithdrawn + incomplete share, weight 15%
28th17.1%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 256 | 179 | 10.2% | 12.6% | 6.75% | $53M |
| 2024 | 221 | 153 | 11.8% | 14.4% | 6.99% | $51M |
| 2025 | 158 | 120 | 5.7% | 6.9% | — | $51M |
What Independent 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, 0 manufactured homes, 42 investment properties.
Who gets approved at Independent Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 40 | 27 | 10.0% |
| $100k – $150k | 22 | 15 | 0.0% |
| $150k – $250k | 23 | 17 | 5.3% |
| Over $250k | 30 | 24 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 31 | 21 | 8.7% |
| 35–44 | 33 | 22 | 14.8% |
| 45–54 | 24 | 19 | 4.8% |
Where Independent Bank lends
7 states and 26 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Tennessee | 117 | 91 | 4.3% | — | #296 |
| Mississippi | 25 | 15 | 16.0% | — | #229 |
| Arkansas | 8 | 7 | 0.0% | — | #352 |
Frequently asked questions
Independent Bank denied 6.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 63rd percentile of small mortgage lenders.
In 2025, 73% of its applications were for home purchases, 27% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 80% conventional, 16% FHA, 4% 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.