PlainLender

HOMETRUST BANK

ASHEVILLE, NC

HOMETRUST BANK processed 2,509 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 1,562 loans with a 24.6% denial rate. Other was the primary loan purpose. Based in ASHEVILLE, NC. The approval rate of 62.3% 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. HOMETRUST BANK processed 2,509 HMDA-reported mortgage applications in 2024, originating 1,562 loans and denying 617 for a denial rate of 24.6% (applicants themselves withdrew 224 files before a decision). The average loan amount was $271,238 at a 8.637% average note rate, and applicants self-reported an average income of $36,000. The lender reports under LEI 549300COIWXM618UBE82 from ASHEVILLE, NC.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. HOMETRUST BANK's 62.3% origination rate tells you how often an application turned into funded money; the 24.6% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (2,501 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.

2,509
Applications
1,562
Originated
24.6%
Denial Rate
$271,238
Avg Loan Amount
Avg Interest Rate: 8.637% Avg Applicant Income: $36,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 2,501 1,557 616 $271,369
USDA 8 5 1 $230,000

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for HOMETRUST BANK (LEI: 549300COIWXM618UBE82) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
362
Credit history
214
Other
189
Collateral
106
Unverifiable information
16
Employment history
7
Credit application incomplete
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 1,278 726 $210,829
Home Purchase 700 510 $370,743
Refinancing 376 259 $325,372
Home Improvement 110 48 $137,455
Cash-out Refinancing 45 19 $313,667

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 1,909 62.3% 24.7%
Black or African American 122 57.4% 31.1%
Asian 107 55.1% 31.8%
Joint 41 68.3% 19.5%
American Indian or Alaska Native 8 62.5% 37.5%
2 or more minority races 2 0.0% 50.0%
Native Hawaiian or Other Pacific Islander 2 100.0% 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 2,000 61.2% 25.7%
Hispanic or Latino 150 66.7% 24.0%
Joint 47 61.7% 21.3%

Nearby Lenders in NC

Other HMDA-reporting lenders in NC with similar activity. Compare any two side-by-side.

TRUIST BANK

RALEIGH, NC

105,457 apps 35,865 originated 30.8% denied

WELLS FARGO BANK NA

WINSTON SALEM, NC

89,959 apps 37,240 originated 19.4% denied

State Employees' Credit Union

Raleigh, NC

46,508 apps 28,065 originated 23.7% denied

CARDINAL FINANCIAL COMPANY, LI

CHARLOTTE, NC

30,212 apps 15,327 originated 6.7% denied

First Ciitizens Bank and Trust

Raleigh, NC

23,256 apps 15,162 originated 21.0% denied
Compare HOMETRUST BANK vs TRUIST BANK →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did HOMETRUST BANK process?
HOMETRUST BANK processed 2,509 mortgage applications in the 2023 HMDA reporting year. Of these, 1,562 were originated (approved and funded), 224 were withdrawn by the applicant, and 617 were denied.
What is HOMETRUST BANK's mortgage approval rate?
HOMETRUST BANK has an approval (origination) rate of 62.3%, meaning 62.3% of all applications resulted in a funded mortgage. The denial rate is 24.6%.
What is the average loan amount at HOMETRUST BANK?
The average mortgage loan amount at HOMETRUST BANK is $271,238. The average interest rate is 8.637%. The average applicant income is $36,000.
What are the most common reasons for mortgage denial at HOMETRUST BANK?
The most common reasons for mortgage denial at HOMETRUST BANK are: Debt-to-income ratio, Credit history, Other. In total, 617 applications were denied out of 2,509 total applications.
What types of mortgage loans does HOMETRUST BANK offer?
HOMETRUST BANK processes Conventional, USDA loans. The most common type is Conventional with 2,501 applications and an average loan amount of $271,369.
What loan purposes does HOMETRUST BANK serve?
HOMETRUST BANK serves the following loan purposes: Other (1,278 applications), Home Purchase (700 applications), Refinancing (376 applications), Home Improvement (110 applications), Cash-out Refinancing (45 applications). Other is the most common purpose.
Where is HOMETRUST BANK located?
HOMETRUST BANK is headquartered in ASHEVILLE, NC. The lender is identified by LEI 549300COIWXM618UBE82 in HMDA data.
How does HOMETRUST BANK compare in lending across racial demographics?
HOMETRUST BANK reports demographic lending data under HMDA requirements. White applicants have an approval rate of 62.3% and denial rate of 24.7%; Black or African American applicants have an approval rate of 57.4% and denial rate of 31.1%; Asian applicants have an approval rate of 55.1% and denial rate of 31.8%. This data reflects derived race categories as reported by applicants.

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.