Mortgage lender · Covington, IN · LEI 549300BM59EMYEJ5Q179

The Fountain Trust review: approval odds, rates and grade (2025)

The Fountain Trust earns a C, in line with the typical performance of small mortgage lenders. It turned down 23.8% of the applications it decided on in 2025, which ranks in the 13th percentile for approval odds. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

282Applications2025
57.5%Originatedof applications
23.8%Decision denial ratenational 22.6%
Median ratenational 6.63%
$34MLoan volume3 states

The Fountain Trust at a glance, 2025

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

23.1%Denial rate (all applications)+5.07 pts vs national
23.8%Denial rate (decided applications)+1.22 pts vs national
57.5%Origination rate-0.58 pts vs national
3.2%Withdrawn by applicant
0.0%Closed for incompleteness
Median interest rate
Median rate spread (pts over APOR)
$175,000Median loan amount
Median total loan costs
$99kMedian applicant income
Median loan-to-value
1High-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%

13th23.8% denied

Processwithdrawn + incomplete share, weight 15%

85th3.2%

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
202332518725.9%26.3%7.16%$36M
202429219220.9%21.0%$36M
202528216223.1%23.8%$34M

What The Fountain Trust 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 173 61% · 22.0% denied
Refinance 43 15% · 16.3% denied
Cash-out refinance 30 11% · 50.0% denied
Home improvement 11 4% · 0.0% denied
Other / HELOC 25 9% · 20.0% denied

By loan type

Conventional 282 100% · 23.1% denied

Also: 0 home-equity lines, 0 reverse mortgages, 13 manufactured homes, 122 investment properties.

Who gets approved at The Fountain Trust

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

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k321043.8%
$50k – $100k844434.6%
$100k – $150k331731.3%
$150k – $250k47308.7%
Over $250k352218.2%
Applicant ageApplicationsOriginatedDecision denial rate
25–34402420.5%
35–44603028.6%
45–54492730.6%
55–64422233.3%
65–74251021.7%

Where The Fountain Trust lends

3 states and 29 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Indiana27716023.1%#168

Frequently asked questions

The Fountain Trust denied 23.8% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 13th percentile of small mortgage lenders.

In 2025, 61% of its applications were for home purchases, 26% for refinancing (including cash-out), and 13% 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.

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 The Fountain Trust. Data sources · Methodology