National Bankshares at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
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%
83rd3.1% deniedProcesswithdrawn + incomplete share, weight 15%
90th1.7%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 258 | 201 | 5.4% | 5.8% | — | $44M |
| 2024 | 261 | 209 | 5.4% | 5.8% | — | $61M |
| 2025 | 297 | 261 | 3.0% | 3.1% | — | $81M |
What National Bankshares 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, 21 manufactured homes, 84 investment properties.
Why National Bankshares denies applications
Primary reason reported for each of the 9 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at National Bankshares
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 36 | 25 | 11.1% |
| $50k – $100k | 83 | 75 | 3.7% |
| $100k – $150k | 42 | 37 | 0.0% |
| $150k – $250k | 49 | 43 | 4.2% |
| Over $250k | 29 | 24 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 35 | 34 | 0.0% |
| 35–44 | 48 | 42 | 6.4% |
| 45–54 | 51 | 43 | 4.1% |
| 55–64 | 48 | 40 | 4.2% |
| 65–74 | 31 | 25 | 3.3% |
Where National Bankshares lends
4 states and 38 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Virginia | 281 | 251 | 2.5% | — | #173 |
| West Virginia | 13 | 8 | 15.4% | — | #230 |
Frequently asked questions
National Bankshares denied 3.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 83rd percentile of small mortgage lenders.
The most common reason National Bankshares gave in 2025 was "debt-to-income ratio", cited on 77.8% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
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: 97% conventional, 0% FHA, 1% 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.