Sullivan Bank 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 220 investment-property lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
75th1.6% deniedPricingmedian rate spread over APOR, weight 30%
90th0.12 ptsProcesswithdrawn + incomplete share, weight 15%
87th0.0%Closing coststotal loan costs ÷ loan amount, weight 10%
84th1.19% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 436 | 374 | 2.3% | 2.3% | 8.00% | $99M |
| 2024 | 440 | 390 | 2.7% | 2.7% | 8.00% | $116M |
| 2025 | 493 | 458 | 1.6% | 1.6% | 7.50% | $140M |
What Sullivan 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, 27 manufactured homes, 254 investment properties.
Why Sullivan Bank denies applications
Primary reason reported for each of the 8 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Sullivan Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 29 | 27 | 6.9% |
| $50k – $100k | 98 | 83 | 5.1% |
| $100k – $150k | 60 | 56 | 0.0% |
| $150k – $250k | 52 | 47 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 27 | 24 | 0.0% |
| 25–34 | 75 | 66 | 4.0% |
| 35–44 | 55 | 50 | 3.6% |
| 45–54 | 32 | 30 | 3.1% |
| 55–64 | 44 | 37 | 4.6% |
| 65–74 | 23 | 23 | 0.0% |
Where Sullivan Bank lends
5 states and 46 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Missouri | 484 | 450 | 1.7% | 7.50% | #92 |
Frequently asked questions
Sullivan Bank denied 1.6% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 75th percentile of investment-property lenders.
The most common reason Sullivan Bank gave in 2025 was "other", cited on 25.0% 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 Sullivan Bank originated in 2025 was 7.50%, and its median rate spread over the average prime offer rate was 0.12 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 59% of its applications were for home purchases, 35% for refinancing (including cash-out), and 6% for home improvement or other purposes. By loan type: 97% conventional, 1% 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.