Mortgage lender · Forest City, IA · LEI 254900U7G0LJ4QNSFC86

Manufacturers Bank & Trust review: approval odds, rates and grade (2025)

Manufacturers Bank & Trust earns an A, placing it in the top fifth of small mortgage lenders. It turned down 1.2% of the applications it decided on in 2025, which ranks in the 93rd percentile for approval odds. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

257Applications2025
87.2%Originatedof applications
1.2%Decision denial ratenational 22.6%
Median ratenational 6.63%
$44MLoan volume5 states

Manufacturers Bank & Trust at a glance, 2025

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

1.2%Denial rate (all applications)-16.81 pts vs national
1.2%Denial rate (decided applications)-21.37 pts vs national
87.2%Origination rate+29.13 pts vs national
4.3%Withdrawn by applicant
0.0%Closed for incompleteness
Median interest rate
Median rate spread (pts over APOR)
$155,000Median loan amount
Median total loan costs
$93kMedian 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%

93rd1.2% denied

Processwithdrawn + incomplete share, weight 15%

81st4.3%

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20232241863.6%3.9%$27M
20241931743.1%3.2%$27M
20252572241.2%1.2%$44M

What Manufacturers Bank & 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

Home purchase 158 61% · 1.3% denied
Refinance 57 22% · 0.0% denied
Cash-out refinance 7 3% · 0.0% denied
Home improvement 18 7% · 0.0% denied
Other / HELOC 17 7% · 5.9% denied

By loan type

Conventional 257 100% · 1.2% denied

Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 62 investment properties.

Who gets approved at Manufacturers Bank & Trust

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

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k20185.3%
$50k – $100k89732.5%
$100k – $150k40350.0%
$150k – $250k47370.0%
Applicant ageApplicationsOriginatedDecision denial rate
25–3454470.0%
35–4451430.0%
45–5437283.0%
55–6440360.0%
65–7422204.6%

Where Manufacturers Bank & Trust lends

5 states and 37 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Iowa1491221.3%#127
Minnesota104981.0%#198

Frequently asked questions

Manufacturers Bank & Trust denied 1.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 93rd percentile of small mortgage lenders.

In 2025, 61% of its applications were for home purchases, 25% for refinancing (including cash-out), and 14% 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 Manufacturers Bank & Trust. Data sources · Methodology