Bank of Cleveland
Cleveland, TN
Bank of Cleveland processed 274 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 250 loans with a 3.3% denial rate. Home Purchase was the primary loan purpose. Based in Cleveland, TN. The approval rate of 91.2% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.
Portfolio scale. Bank of Cleveland processed 274 HMDA-reported mortgage applications in 2024, originating 250 loans and denying 9 for a denial rate of 3.3% (applicants themselves withdrew 14 files before a decision). The average loan amount was $263,139. The lender reports under LEI 549300TNGC371911XJ76 from Cleveland, TN.
Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% — HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Bank of Cleveland's 91.2% origination rate tells you how often an application turned into funded money; the 3.3% denial rate is a separate read on underwriting strictness. Most activity concentrated in Conventional loans (217 applications).
How to read this page. These figures are aggregate HMDA disclosures — they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting — it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.
Lending Activity
| Type | Applications | Originated | Denied | Avg Loan |
|---|---|---|---|---|
| Conventional | 217 | 198 | 5 | $259,009 |
| FHA | 44 | 40 | 3 | $261,818 |
| VA | 7 | 7 | 0 | $403,571 |
| USDA | 6 | 5 | 1 | $258,333 |
Top loan types — Bank of Cleveland
Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Bank of Cleveland (LEI: 549300TNGC371911XJ76) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.
Loan Purpose Breakdown
| Purpose | Applications | Originated | Avg Loan |
|---|---|---|---|
| Home Purchase | 212 | 193 | $276,132 |
| Refinancing | 39 | 38 | $269,615 |
| Cash-out Refinancing | 11 | 9 | $186,818 |
| Other | 6 | 4 | $106,667 |
| Home Improvement | 6 | 6 | $58,333 |
Geographic Coverage — Lending by Race
Derived race categories as reported under HMDA. Source: CFPB.
| Race | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| White | 233 | 91.8% | 2.6% |
| Asian | 8 | 100.0% | 0.0% |
| Black or African American | 8 | 75.0% | 25.0% |
| Joint | 8 | 75.0% | 12.5% |
| American Indian or Alaska Native | 1 | 0.0% | 0.0% |
| Native Hawaiian or Other Pacific Islander | 1 | 100.0% | 0.0% |
Lending by Ethnicity
Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.
| Ethnicity | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| Not Hispanic or Latino | 248 | 90.3% | 3.6% |
| Hispanic or Latino | 10 | 100.0% | 0.0% |
| Joint | 3 | 100.0% | 0.0% |
Nearby Lenders in TN
Other HMDA-reporting lenders in TN with similar activity. Compare any two side-by-side.
21ST MORTGAGE
KNOXVILLE, TN
VANDERBILT MORTGAGE AND FINANCE, INC
MARYVILLE, TN
FIRSTBANK
LEXINGTON, TN
FIRST COMMUNITY MORTGAGE
MURFREESBORO, TN
FIRST HORIZON BANK
MEMPHIS, TN
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Frequently Asked Questions
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Data Sources
Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.
Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.
Read our methodology — how this data is sourced, computed, and verified.