Mortgage lender · Columbus Grove, OH · LEI 254900BDGU9FU91PQA51

The Union Bank review: approval odds, rates and grade (2025)

The Union Bank earns a C, in line with the typical performance of small mortgage lenders. It turned down 11.5% of the applications it decided on in 2025, which ranks in the 43rd percentile for approval odds. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

1.0kApplications2025
76.4%Originatedof applications
11.5%Decision denial ratenational 22.6%
Median ratenational 6.63%
$169MLoan volume38 states

The Union Bank at a glance, 2025

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

10.1%Denial rate (all applications)-7.88 pts vs national
11.5%Denial rate (decided applications)-11.05 pts vs national
76.4%Origination rate+18.32 pts vs national
11.4%Withdrawn by applicant
1.1%Closed for incompleteness
Median interest rate
Median rate spread (pts over APOR)
$175,000Median loan amount
Median total loan costs
$102kMedian applicant income
Median loan-to-value
0High-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%

43rd11.5% denied

Processwithdrawn + incomplete share, weight 15%

45th12.5%

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20231,10678514.7%16.8%7.00%$147M
20241,02274211.9%13.9%7.04%$164M
20251,04079410.1%11.5%$169M

What The Union 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

Home purchase 385 37% · 3.6% denied
Refinance 252 24% · 9.1% denied
Cash-out refinance 113 11% · 23.0% denied
Home improvement 169 16% · 13.6% denied
Other / HELOC 121 12% · 15.7% denied

By loan type

Conventional 943 91% · 9.0% denied
FHA 80 8% · 23.8% denied
VA 16 2% · 6.3% denied
USDA / RHS 1 0% · 0.0% denied

Also: 0 home-equity lines, 0 reverse mortgages, 9 manufactured homes, 128 investment properties.

Who gets approved at The Union Bank

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

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k1117321.7%
$50k – $100k35226313.0%
$100k – $150k24217616.1%
$150k – $250k1791415.9%
Over $250k70610.0%
Applicant ageApplicationsOriginatedDecision denial rate
Under 2543348.1%
25–341951515.6%
35–4420315413.3%
45–5418913414.5%
55–6418914714.0%
65–74966814.3%
Over 74523819.2%

Where The Union Bank lends

38 states and 172 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Ohio8767038.6%#97
Florida171017.7%#797
Georgia16918.8%#599
Illinois11100.0%#677
Pennsylvania10620.0%#693
Colorado9511.1%#524
Kentucky750.0%#454
Oregon7342.9%#406
Indiana6133.3%#619
Massachusetts650.0%#508
New Jersey6216.7%#582
South Carolina6133.3%#628
Virginia6416.7%#638
Connecticut520.0%#437
Montana5320.0%#227

Frequently asked questions

The Union Bank denied 11.5% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 43rd percentile of small mortgage lenders.

In 2025, 37% of its applications were for home purchases, 35% for refinancing (including cash-out), and 28% for home improvement or other purposes. By loan type: 91% conventional, 8% FHA, 2% 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 Union Bank. Data sources · Methodology