Mortgage lender · Milford, OH · LEI 549300QHPJ9CLOLCVE82

RiverHills Bank review: approval odds, rates and grade (2025)

RiverHills Bank earns a C, in line with the typical performance of small mortgage lenders. It turned down 16.8% of the applications it decided on in 2025, which ranks in the 26th percentile for approval odds. Its median loan was priced 0.17 points above the average prime offer rate, ranking in the 64th percentile on pricing. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

577Applications2025
61.0%Originatedof applications
16.8%Decision denial ratenational 22.6%
6.63%Median ratenational 6.63%
$111MLoan volume15 states

RiverHills Bank at a glance, 2025

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

12.8%Denial rate (all applications)-5.16 pts vs national
16.8%Denial rate (decided applications)-5.77 pts vs national
61.0%Origination rate+2.98 pts vs national
23.6%Withdrawn by applicant
0.2%Closed for incompleteness
6.63%Median interest rate0.00 pts vs national
0.17Median rate spread (pts over APOR)-0.09 pts vs national
$255,000Median loan amount
$3,497Median total loan costs
$92kMedian applicant income
85%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%

26th16.8% denied

Pricingmedian rate spread over APOR, weight 30%

64th0.17 pts

Processwithdrawn + incomplete share, weight 15%

12th23.7%

Closing coststotal loan costs ÷ loan amount, weight 10%

71st1.37% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20234872899.2%13.0%6.75%$87M
202446329813.4%16.9%6.75%$91M
202557735212.8%16.8%6.63%$111M

What RiverHills 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 479 83% · 11.5% denied
Refinance 50 9% · 10.0% denied
Cash-out refinance 47 8% · 29.8% denied
Home improvement 1 0% · 0.0% denied

By loan type

Conventional 493 85% · 11.2% denied
FHA 55 10% · 23.6% denied
VA 23 4% · 21.7% denied
USDA / RHS 6 1% · 16.7% denied

Also: 0 home-equity lines, 0 reverse mortgages, 8 manufactured homes, 120 investment properties.

Why RiverHills Bank denies applications

Primary reason reported for each of the 74 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Incomplete application 40 54%
Collateral 12 16%
Credit history 11 15%
Debt-to-income ratio 8 11%
Insufficient cash 3 4%

How these reasons compare nationally →

Who gets approved at RiverHills Bank

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

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k402334.2%
$50k – $100k22515718.0%
$100k – $150k1017113.8%
$150k – $250k866412.2%
Over $250k362411.1%
Applicant ageApplicationsOriginatedDecision denial rate
Under 25483311.9%
25–3421214418.6%
35–441097716.8%
45–54655010.5%
55–64422720.0%

Where RiverHills Bank lends

15 states and 74 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Ohio47730214.1%6.63%#143
Kentucky53341.9%6.50%#264
Michigan1300.0%#488
Virginia10520.0%6.88%#569
Indiana740.0%6.99%#602

Frequently asked questions

RiverHills Bank denied 16.8% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 26th percentile of small mortgage lenders.

The most common reason RiverHills Bank gave in 2025 was "incomplete application", cited on 54.1% 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 RiverHills Bank originated in 2025 was 6.63%, and its median rate spread over the average prime offer rate was 0.17 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 83% of its applications were for home purchases, 17% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 85% conventional, 10% FHA, 4% 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 RiverHills Bank. Data sources · Methodology