The Andover 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%
22nd19.0% deniedProcesswithdrawn + incomplete share, weight 15%
54th10.8%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 328 | 215 | 21.7% | 24.3% | — | $26M |
| 2024 | 260 | 164 | 19.2% | 23.0% | — | $21M |
| 2025 | 343 | 243 | 16.9% | 19.0% | — | $37M |
What The Andover 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, 18 manufactured homes, 35 investment properties.
Who gets approved at The Andover Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 48 | 30 | 33.3% |
| $50k – $100k | 116 | 80 | 23.6% |
| $100k – $150k | 72 | 57 | 9.2% |
| $150k – $250k | 48 | 39 | 4.7% |
| Over $250k | 20 | 17 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 40 | 28 | 6.5% |
| 35–44 | 65 | 41 | 25.9% |
| 45–54 | 85 | 62 | 15.8% |
| 55–64 | 60 | 43 | 25.9% |
| 65–74 | 51 | 33 | 28.3% |
Where The Andover Bank lends
2 states and 16 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Ohio | 257 | 183 | 17.1% | — | #203 |
| Pennsylvania | 86 | 60 | 16.3% | — | #397 |
Frequently asked questions
The Andover Bank denied 19.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 22nd percentile of small mortgage lenders.
In 2025, 27% of its applications were for home purchases, 35% for refinancing (including cash-out), and 38% 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.