VeraBank 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%
31st15.0% deniedPricingmedian rate spread over APOR, weight 30%
35th0.41 ptsProcesswithdrawn + incomplete share, weight 15%
36th14.9%Closing coststotal loan costs ÷ loan amount, weight 10%
61st1.64% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,206 | 928 | 10.1% | 11.2% | 6.75% | $302M |
| 2024 | 950 | 689 | 11.4% | 13.0% | 7.63% | $206M |
| 2025 | 672 | 473 | 12.8% | 15.0% | 7.38% | $153M |
What VeraBank 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, 6 manufactured homes, 173 investment properties.
Why VeraBank denies applications
Primary reason reported for each of the 86 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at VeraBank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 74 | 40 | 34.9% |
| $50k – $100k | 215 | 144 | 18.8% |
| $100k – $150k | 109 | 76 | 17.7% |
| $150k – $250k | 108 | 80 | 11.7% |
| Over $250k | 58 | 47 | 2.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 25 | 17 | 9.5% |
| 25–34 | 99 | 68 | 19.8% |
| 35–44 | 131 | 96 | 13.3% |
| 45–54 | 124 | 84 | 15.7% |
| 55–64 | 102 | 63 | 24.1% |
| 65–74 | 62 | 38 | 20.4% |
| Over 74 | 34 | 24 | 16.7% |
Where VeraBank lends
6 states and 62 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Texas | 664 | 467 | 12.8% | 7.38% | #217 |
Frequently asked questions
VeraBank denied 15.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 31st percentile of small mortgage lenders.
The most common reason VeraBank gave in 2025 was "debt-to-income ratio", cited on 57.0% 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 VeraBank originated in 2025 was 7.38%, 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, 68% of its applications were for home purchases, 16% for refinancing (including cash-out), and 16% for home improvement or other purposes. By loan type: 95% conventional, 4% 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.