Shinhan Bank America 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%
83rd3.2% deniedProcesswithdrawn + incomplete share, weight 15%
53rd11.0%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 112 | 91 | 9.8% | 10.5% | — | $59M |
| 2024 | 194 | 163 | 6.2% | 6.6% | — | $86M |
| 2025 | 245 | 198 | 2.9% | 3.2% | — | $110M |
What Shinhan Bank America 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, 0 manufactured homes, 23 investment properties.
Who gets approved at Shinhan Bank America
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $100k – $150k | 58 | 50 | 3.8% |
| $150k – $250k | 105 | 85 | 4.3% |
| Over $250k | 56 | 40 | 2.1% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 49 | 43 | 0.0% |
| 35–44 | 78 | 66 | 5.6% |
| 45–54 | 66 | 53 | 0.0% |
| 55–64 | 33 | 22 | 3.9% |
Where Shinhan Bank America lends
5 states and 28 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| New York | 199 | 163 | 3.0% | — | #206 |
| New Jersey | 19 | 14 | 0.0% | — | #458 |
| California | 16 | 14 | 6.3% | — | #674 |
| Georgia | 7 | 4 | 0.0% | — | #732 |
Frequently asked questions
Shinhan Bank America denied 3.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 83rd percentile of small mortgage lenders.
In 2025, 83% of its applications were for home purchases, 14% for refinancing (including cash-out), and 3% 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.