Portage Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
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%
42nd11.7% deniedProcesswithdrawn + incomplete share, weight 15%
12th24.1%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 16 | 7 | 0.0% | 0.0% | — | $3.2M |
| 2024 | 50 | 34 | 8.0% | 10.5% | — | $17M |
| 2025 | 394 | 263 | 8.9% | 11.7% | — | $85M |
What Portage 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, 34 manufactured homes, 34 investment properties.
Who gets approved at Portage Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 20 | 8 | 42.9% |
| $50k – $100k | 178 | 123 | 11.5% |
| $100k – $150k | 102 | 71 | 7.7% |
| $150k – $250k | 56 | 35 | 10.3% |
| Over $250k | 27 | 17 | 10.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 43 | 31 | 3.1% |
| 25–34 | 127 | 82 | 14.6% |
| 35–44 | 99 | 65 | 19.5% |
| 45–54 | 63 | 40 | 7.0% |
| 55–64 | 33 | 23 | 0.0% |
Frequently asked questions
Portage Bank denied 11.7% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 42nd percentile of small mortgage lenders.
In 2025, 86% of its applications were for home purchases, 14% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 72% conventional, 23% FHA, 5% 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.