The Bank of New Glarus 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%
93rd1.2% deniedPricingmedian rate spread over APOR, weight 30%
64th0.17 ptsProcesswithdrawn + incomplete share, weight 15%
83rd3.8%Closing coststotal loan costs ÷ loan amount, weight 10%
87th0.94% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 363 | 328 | 4.4% | 4.5% | 6.93% | $92M |
| 2024 | 478 | 444 | 1.5% | 1.5% | 6.92% | $143M |
| 2025 | 522 | 488 | 1.2% | 1.2% | 6.63% | $160M |
What The Bank of New Glarus 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, 2 manufactured homes, 93 investment properties.
Why The Bank of New Glarus denies applications
Primary reason reported for each of the 6 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at The Bank of New Glarus
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 167 | 155 | 1.2% |
| $100k – $150k | 121 | 112 | 2.6% |
| $150k – $250k | 100 | 95 | 1.0% |
| Over $250k | 60 | 55 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 40 | 37 | 2.5% |
| 25–34 | 128 | 117 | 1.6% |
| 35–44 | 117 | 111 | 0.9% |
| 45–54 | 80 | 72 | 0.0% |
| 55–64 | 63 | 59 | 3.2% |
| 65–74 | 34 | 32 | 0.0% |
Where The Bank of New Glarus lends
6 states and 44 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
The Bank of New Glarus denied 1.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 93rd percentile of small mortgage lenders.
The most common reason The Bank of New Glarus gave in 2025 was "credit history", cited on 33.3% 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 The Bank of New Glarus 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, 57% of its applications were for home purchases, 39% for refinancing (including cash-out), and 4% for home improvement or other purposes. By loan type: 98% conventional, 0% FHA, 1% 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.