Morton Community 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 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
46th11.4% deniedPricingmedian rate spread over APOR, weight 30%
62nd0.19 ptsProcesswithdrawn + incomplete share, weight 15%
88th7.8%Closing coststotal loan costs ÷ loan amount, weight 10%
44th2.47% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,699 | 1,346 | 8.8% | 9.8% | 7.00% | $283M |
| 2024 | 1,566 | 1,266 | 9.5% | 10.4% | 7.50% | $192M |
| 2025 | 1,775 | 1,426 | 10.5% | 11.4% | 7.00% | $299M |
What Morton Community 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: 708 home-equity lines, 0 reverse mortgages, 2 manufactured homes, 265 investment properties.
Why Morton Community Bank denies applications
Primary reason reported for each of the 187 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Morton Community Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 245 | 165 | 27.2% |
| $50k – $100k | 573 | 443 | 14.0% |
| $100k – $150k | 335 | 275 | 6.6% |
| $150k – $250k | 285 | 250 | 4.9% |
| Over $250k | 145 | 119 | 4.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 100 | 88 | 7.4% |
| 25–34 | 274 | 227 | 7.6% |
| 35–44 | 329 | 256 | 15.3% |
| 45–54 | 339 | 249 | 16.5% |
| 55–64 | 303 | 246 | 9.7% |
| 65–74 | 213 | 161 | 14.2% |
| Over 74 | 76 | 64 | 9.7% |
Where Morton Community Bank lends
11 states and 82 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
Morton Community Bank denied 11.4% 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 mid-size mortgage lenders.
The most common reason Morton Community Bank gave in 2025 was "credit history", cited on 44.9% 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 Morton Community Bank originated in 2025 was 7.00%, and its median rate spread over the average prime offer rate was 0.19 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 44% of its applications were for home purchases, 18% for refinancing (including cash-out), and 38% 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.