Mortgage lender · Le Mars, IA · LEI 549300EP58VNEJR7BV48

Primebank review: approval odds, rates and grade (2025)

Primebank earns an A, placing it in the top fifth of small mortgage lenders. It turned down 4.2% of the applications it decided on in 2025, which ranks in the 77th percentile for approval odds. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

368Applications2025
92.9%Originatedof applications
4.2%Decision denial ratenational 22.6%
Median ratenational 6.63%
$77MLoan volume3 states

Primebank at a glance, 2025

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

4.1%Denial rate (all applications)-13.90 pts vs national
4.2%Denial rate (decided applications)-18.43 pts vs national
92.9%Origination rate+34.90 pts vs national
1.9%Withdrawn by applicant
0.0%Closed for incompleteness
Median interest rate
Median rate spread (pts over APOR)
$170,000Median loan amount
Median total loan costs
$98kMedian 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%

77th4.2% denied

Processwithdrawn + incomplete share, weight 15%

89th1.9%

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20233062774.3%4.5%6.75%$60M
20242942614.1%4.3%$51M
20253683424.1%4.2%$77M

What Primebank 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 240 65% · 2.9% denied
Refinance 60 16% · 3.3% denied
Cash-out refinance 14 4% · 14.3% denied
Home improvement 34 9% · 5.9% denied
Other / HELOC 20 5% · 10.0% denied

By loan type

Conventional 368 100% · 4.1% denied

Also: 0 home-equity lines, 0 reverse mortgages, 4 manufactured homes, 120 investment properties.

Who gets approved at Primebank

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

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k29273.5%
$50k – $100k103917.1%
$100k – $150k63603.2%
$150k – $250k49428.3%
Applicant ageApplicationsOriginatedDecision denial rate
25–3476686.9%
35–4477716.5%
45–5451480.0%
55–6436328.6%
65–7426240.0%

Where Primebank lends

3 states and 18 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Iowa3172953.8%#70
Nebraska35335.7%#162
South Dakota16146.3%#116

Frequently asked questions

Primebank denied 4.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 77th percentile of small mortgage lenders.

In 2025, 65% of its applications were for home purchases, 20% for refinancing (including cash-out), and 15% 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 Primebank. Data sources · Methodology