Mortgage lender · Lincoln, NE · LEI R6KJ2D7C3UT8OVTWHS39

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

Union Bank and Trust earns a B, better than most mid-size mortgage lenders. It turned down 11.7% of the applications it decided on in 2025, which ranks in the 45th percentile for approval odds. Its median loan was priced 0.03 points below the average prime offer rate, ranking in the 82nd percentile on pricing. Compared against 581 mid-size mortgage lenders using 2025 HMDA filings.

2.0kApplications2025
74.5%Originatedof applications
11.7%Decision denial ratenational 22.6%
6.50%Median ratenational 6.63%
$638MLoan volume20 states

Union Bank and Trust at a glance, 2025

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

10.2%Denial rate (all applications)-7.76 pts vs national
11.7%Denial rate (decided applications)-10.87 pts vs national
74.5%Origination rate+16.47 pts vs national
12.3%Withdrawn by applicant
0.5%Closed for incompleteness
6.50%Median interest rate-0.13 pts vs national
-0.03Median rate spread (pts over APOR)-0.28 pts vs national
$185,000Median loan amount
$2,794Median total loan costs
$121kMedian applicant income
76%Median loan-to-value
0High-cost (HOEPA) loans

How the B grade breaks down

Each component is a percentile rank among 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.

Approval oddsdecision denial rate, weight 45%

45th11.7% denied

Pricingmedian rate spread over APOR, weight 30%

82nd-0.03 pts

Processwithdrawn + incomplete share, weight 15%

70th12.8%

Closing coststotal loan costs ÷ loan amount, weight 10%

80th1.51% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20231,7481,26714.5%16.2%6.38%$361M
20241,7961,29913.5%15.3%6.88%$282M
20251,9961,48710.2%11.7%6.50%$638M

What Union Bank and 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 1,062 53% · 4.8% denied
Refinance 238 12% · 8.0% denied
Cash-out refinance 80 4% · 21.3% denied
Home improvement 396 20% · 17.9% denied
Other / HELOC 220 11% · 20.9% denied

By loan type

Conventional 1,938 97% · 10.2% denied
FHA 44 2% · 13.6% denied
VA 14 1% · 7.1% denied

Also: 703 home-equity lines, 0 reverse mortgages, 8 manufactured homes, 258 investment properties.

Why Union Bank and Trust denies applications

Primary reason reported for each of the 204 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Debt-to-income ratio 106 52%
Credit history 56 27%
Other 17 8%
Collateral 16 8%
Employment history 5 2%
Unverifiable information 3 1%
Incomplete application 1 0%

How these reasons compare nationally →

Who gets approved at Union Bank and Trust

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

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k1437636.6%
$50k – $100k54838517.2%
$100k – $150k4283238.5%
$150k – $250k3672905.9%
Over $250k2521985.1%
Applicant ageApplicationsOriginatedDecision denial rate
Under 25735217.5%
25–3439228810.7%
35–4444232312.2%
45–5435526112.5%
55–6430022911.7%
65–7420314613.8%
Over 74805419.4%

Where Union Bank and Trust lends

20 states and 119 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Nebraska1,8351,37310.0%6.50%#9
Kansas533515.1%6.50%#221
Missouri251820.0%6.75%#416
Iowa22190.0%6.82%#288
Colorado21134.8%6.50%#415
Arizona7614.3%6.81%#568
Minnesota6333.3%6.00%#533
Texas6333.3%7.25%#1,030

Frequently asked questions

Union Bank and Trust denied 11.7% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 45th percentile of mid-size mortgage lenders.

The most common reason Union Bank and Trust gave in 2025 was "debt-to-income ratio", cited on 52.0% 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 Union Bank and Trust originated in 2025 was 6.50%, and its median rate spread over the average prime offer rate was -0.03 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 53% of its applications were for home purchases, 16% for refinancing (including cash-out), and 31% for home improvement or other purposes. By loan type: 97% conventional, 2% FHA, 1% 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 Union Bank and Trust. Data sources · Methodology