Mortgage lender · Burlington, IA · LEI 549300TN34NXD7N44O04

Two Rivers Bank & Trust review: approval odds, rates and grade (2025)

Two Rivers Bank & Trust earns a C, in line with the typical performance of small mortgage lenders. It turned down 15.6% of the applications it decided on in 2025, which ranks in the 30th percentile for approval odds. Its median loan was priced 0.41 points above the average prime offer rate, ranking in the 35th percentile on pricing. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

364Applications2025
67.9%Originatedof applications
15.6%Decision denial ratenational 22.6%
6.98%Median ratenational 6.63%
$41MLoan volume5 states

Two Rivers Bank & Trust at a glance, 2025

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

13.2%Denial rate (all applications)-4.79 pts vs national
15.6%Denial rate (decided applications)-7.01 pts vs national
67.9%Origination rate+9.83 pts vs national
13.5%Withdrawn by applicant
1.9%Closed for incompleteness
6.98%Median interest rate+0.35 pts vs national
0.41Median rate spread (pts over APOR)+0.15 pts vs national
$75,000Median loan amount
$930Median total loan costs
$79kMedian applicant income
72%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%

30th15.6% denied

Pricingmedian rate spread over APOR, weight 30%

35th0.41 pts

Processwithdrawn + incomplete share, weight 15%

34th15.4%

Closing coststotal loan costs ÷ loan amount, weight 10%

76th1.24% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20233432717.3%8.2%6.88%$35M
202435425414.1%15.2%7.50%$38M
202536424713.2%15.6%6.98%$41M

What Two Rivers Bank & 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 149 41% · 2.7% denied
Refinance 105 29% · 12.4% denied
Home improvement 62 17% · 27.4% denied
Other / HELOC 48 13% · 29.2% denied

By loan type

Conventional 364 100% · 13.2% denied

Also: 0 home-equity lines, 0 reverse mortgages, 5 manufactured homes, 73 investment properties.

Why Two Rivers Bank & Trust denies applications

Primary reason reported for each of the 48 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Credit history 31 65%
Debt-to-income ratio 11 23%
Collateral 4 8%
Other 2 4%

How these reasons compare nationally →

Who gets approved at Two Rivers Bank & Trust

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

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k612932.6%
$50k – $100k1329018.1%
$100k – $150k63475.6%
$150k – $250k453115.4%
Applicant ageApplicationsOriginatedDecision denial rate
25–34483214.6%
35–44663430.2%
45–54725315.6%
55–64492924.4%
65–7437266.7%
Over 7426199.1%

Where Two Rivers Bank & Trust lends

5 states and 28 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Iowa33822912.7%6.99%#66
Illinois191326.3%6.88%#603
Missouri530.0%6.63%#604

Frequently asked questions

Two Rivers Bank & Trust denied 15.6% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 30th percentile of small mortgage lenders.

The most common reason Two Rivers Bank & Trust gave in 2025 was "credit history", cited on 64.6% 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 Two Rivers Bank & Trust originated in 2025 was 6.98%, and its median rate spread over the average prime offer rate was 0.41 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 41% of its applications were for home purchases, 29% for refinancing (including cash-out), and 30% 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 Two Rivers Bank & Trust. Data sources · Methodology