Mortgage lender · Spencer, IN · LEI 54930004Z0FN1LYUET14

Owen County State Bank review: approval odds, rates and grade (2025)

Owen County State Bank earns a C, in line with the typical performance of small mortgage lenders. It turned down 19.7% of the applications it decided on in 2025, which ranks in the 20th percentile for approval odds. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

240Applications2025
62.9%Originatedof applications
19.7%Decision denial ratenational 22.6%
Median ratenational 6.63%
$43MLoan volume2 states

Owen County State Bank at a glance, 2025

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

19.6%Denial rate (all applications)+1.60 pts vs national
19.7%Denial rate (decided applications)-2.92 pts vs national
62.9%Origination rate+4.89 pts vs national
0.4%Withdrawn by applicant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
$79kMedian applicant income
Median loan-to-value
0High-cost (HOEPA) loans

How the C 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%

20th19.7% denied

Processwithdrawn + incomplete share, weight 15%

95th0.4%

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
202323415812.4%12.5%$32M
202420912617.7%17.8%$29M
202524015119.6%19.7%$43M

What Owen County State 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

Home purchase 149 62% · 18.8% denied
Refinance 22 9% · 13.6% denied
Cash-out refinance 35 15% · 22.9% denied
Home improvement 22 9% · 13.6% denied
Other / HELOC 12 5% · 41.7% denied

By loan type

Conventional 228 95% · 17.5% denied
FHA 12 5% · 58.3% denied

Also: 0 home-equity lines, 0 reverse mortgages, 50 manufactured homes, 54 investment properties.

Who gets approved at Owen County State Bank

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

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k491546.9%
$50k – $100k734520.8%
$100k – $150k462815.2%
Applicant ageApplicationsOriginatedDecision denial rate
Under 25241320.8%
25–34483020.8%
35–44341820.6%
45–5431953.3%
55–64332315.2%

Where Owen County State Bank lends

2 states and 24 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Indiana23915019.7%#178

Frequently asked questions

Owen County State Bank denied 19.7% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 20th percentile of small mortgage lenders.

In 2025, 62% of its applications were for home purchases, 24% for refinancing (including cash-out), and 14% for home improvement or other purposes. By loan type: 95% conventional, 5% 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 Owen County State Bank. Data sources · Methodology