The Northern Trust 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%
75th4.7% deniedProcesswithdrawn + incomplete share, weight 15%
78th5.3%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 304 | 245 | 7.2% | 7.9% | 6.13% | $778M |
| 2024 | 261 | 199 | 6.1% | 6.8% | 6.50% | $423M |
| 2025 | 338 | 289 | 4.4% | 4.7% | — | $688M |
What The Northern 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
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 79 investment properties.
Who gets approved at The Northern Trust
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $150k – $250k | 25 | 22 | 0.0% |
| Over $250k | 160 | 141 | 2.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 42 | 35 | 2.6% |
| 35–44 | 57 | 52 | 1.8% |
| 45–54 | 41 | 38 | 0.0% |
| 55–64 | 54 | 47 | 7.6% |
| 65–74 | 32 | 24 | 6.9% |
| Over 74 | 35 | 29 | 3.0% |
Where The Northern Trust lends
40 states and 148 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Florida | 66 | 55 | 4.6% | — | #556 |
| Illinois | 50 | 43 | 4.0% | — | #459 |
| California | 42 | 35 | 4.8% | — | #545 |
| Texas | 25 | 20 | 0.0% | — | #824 |
| Colorado | 19 | 17 | 5.3% | — | #424 |
| Wisconsin | 14 | 14 | 0.0% | — | #455 |
| New York | 9 | 5 | 22.2% | — | #480 |
| Georgia | 8 | 8 | 0.0% | — | #703 |
| Massachusetts | 8 | 5 | 12.5% | — | #471 |
| Washington | 8 | 6 | 25.0% | — | #480 |
| New Jersey | 7 | 7 | 0.0% | — | #564 |
| Missouri | 6 | 5 | 0.0% | — | #562 |
| Utah | 6 | 6 | 0.0% | — | #325 |
| Arizona | 5 | 5 | 0.0% | — | #621 |
| Michigan | 5 | 4 | 0.0% | — | #586 |
| North Carolina | 5 | 5 | 0.0% | — | #753 |
| Tennessee | 5 | 5 | 0.0% | — | #733 |
Frequently asked questions
The Northern Trust denied 4.7% 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 small mortgage lenders.
In 2025, 51% of its applications were for home purchases, 22% for refinancing (including cash-out), and 28% 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.