Mount Vernon Bank and Trust Company mortgage approval rate & lending review
Mount Vernon Bank and Trust Company decided 292 mortgage applications and funded 284 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Mount Vernon Bank and Trust Company reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Mount Vernon Bank and Trust Company at a glance
Approval is 19.2 points above the 80.1% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 99% | 114 / 115 | 97% | $205K | 111 |
| Home improvement loans | 98% | 43 / 44 | 100% | $25K | 43 |
| Refinance | 100% | 64 / 64 | 97% | $175K | 62 |
| Investment property purchase | 100% | 48 / 48 | 98% | $125K | 47 |
Mount Vernon Bank and Trust Company lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Iowa | 99% | $175K | 289 | 281 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Mount Vernon Bank and Trust Company lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Linn County, IA | Mortgage lenders | 99% | 103 | 99 |
| Linn County, IA | Refinance | 100% | 62 | 60 |
| Linn County, IA | Home improvement loans | 98% | 40 | 39 |
| Linn County, IA | Investment property purchase | 100% | 37 | 37 |
The county markets where Mount Vernon Bank and Trust Company made the most loans. Each link opens that market with every lender ranked.
Questions about Mount Vernon Bank and Trust Company
What is Mount Vernon Bank and Trust Company's mortgage approval rate?
Mount Vernon Bank and Trust Company approved 99.3% of the 292 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 19.2 points above the 80.1% national rate for the same mix of loan types.
How often do borrowers take the loan Mount Vernon Bank and Trust Company offers?
Borrowers accepted 98% of the loans Mount Vernon Bank and Trust Company approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Mount Vernon Bank and Trust Company make?
The typical home purchase mortgage loan Mount Vernon Bank and Trust Company made was $205K; across all loan types its typical loan ran from $25K to $205K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Mount Vernon Bank and Trust Company lend?
Mount Vernon Bank and Trust Company decided applications in 3 of the states Fat Boy Data covers, most of them in Iowa, Minnesota and Nebraska.
Can I apply to Mount Vernon Bank and Trust Company directly?
Yes. Mount Vernon Bank and Trust Company is a bank or credit union with 1 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Mount Vernon Bank and Trust Company's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Mount Vernon Bank and Trust Company treats applications, then get a rate quote from the lender.