Think Mutual 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%
40th12.3% deniedPricingmedian rate spread over APOR, weight 30%
51st0.26 ptsProcesswithdrawn + incomplete share, weight 15%
35th15.1%Closing coststotal loan costs ÷ loan amount, weight 10%
13th3.41% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,045 | 756 | 13.1% | 14.0% | 6.88% | $166M |
| 2024 | 1,078 | 787 | 12.1% | 14.2% | 6.89% | $177M |
| 2025 | 1,115 | 824 | 10.4% | 12.3% | 6.69% | $194M |
What Think Mutual 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: 220 home-equity lines, 0 reverse mortgages, 2 manufactured homes, 15 investment properties.
Why Think Mutual Bank denies applications
Primary reason reported for each of the 116 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Think Mutual Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 56 | 27 | 43.8% |
| $50k – $100k | 321 | 215 | 17.3% |
| $100k – $150k | 253 | 187 | 9.2% |
| $150k – $250k | 276 | 221 | 6.7% |
| Over $250k | 194 | 169 | 5.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 25 | 14 | 17.7% |
| 25–34 | 184 | 130 | 9.0% |
| 35–44 | 301 | 229 | 12.5% |
| 45–54 | 251 | 185 | 13.8% |
| 55–64 | 196 | 145 | 13.6% |
| 65–74 | 115 | 88 | 10.2% |
| Over 74 | 38 | 28 | 12.5% |
Where Think Mutual Bank lends
11 states and 96 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
Think Mutual Bank denied 12.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 40th percentile of small mortgage lenders.
The most common reason Think Mutual Bank gave in 2025 was "debt-to-income ratio", cited on 60.3% 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 Think Mutual Bank originated in 2025 was 6.69%, and its median rate spread over the average prime offer rate was 0.26 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 35% of its applications were for home purchases, 19% for refinancing (including cash-out), and 46% 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.