PlainLender

Independence Bank

Havre, MT

Independence Bank processed 126 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 100 loans with a 9.5% denial rate. Home Purchase was the primary loan purpose. Based in Havre, MT. The approval rate of 79.4% 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. Independence Bank processed 126 HMDA-reported mortgage applications in 2024, originating 100 loans and denying 12 for a denial rate of 9.5% (applicants themselves withdrew 13 files before a decision). The average loan amount was $214,683. The lender reports under LEI 2549000VZA9BKX17VB15 from Havre, MT.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Independence Bank's 79.4% origination rate tells you how often an application turned into funded money; the 9.5% denial rate is a separate read on underwriting strictness. Most activity concentrated in Conventional loans (126 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.

126
Applications
100
Originated
9.5%
Denial Rate
$214,683
Avg Loan Amount

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 126 100 12 $214,683

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Independence Bank (LEI: 2549000VZA9BKX17VB15) · 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 70 49 $262,857
Refinancing 27 24 $203,889
Home Improvement 20 19 $107,500
Other 9 8 $110,556

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 87 74.7% 11.5%
American Indian or Alaska Native 6 66.7% 16.7%
Joint 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 86 74.4% 11.6%
Hispanic or Latino 2 50.0% 0.0%
Joint 2 100.0% 0.0%

Nearby Lenders in MT

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

Glacier Bank

Kalispell, MT

7,296 apps 4,434 originated 16.5% denied

First Interstate Bank

Billings, MT

4,267 apps 2,414 originated 27.5% denied

Stockman Bank of Montana

Miles City, MT

2,613 apps 2,011 originated 5.7% denied

OPPORTUNITY BANK OF MONTANA

HELENA, MT

1,537 apps 1,062 originated 8.7% denied

Altana Federal Credit Union

Billings, MT

547 apps 423 originated 15.2% denied
Compare Independence Bank vs Glacier 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 Independence Bank process?
Independence Bank processed 126 mortgage applications in the 2023 HMDA reporting year. Of these, 100 were originated (approved and funded), 13 were withdrawn by the applicant, and 12 were denied.
What is Independence Bank's mortgage approval rate?
Independence Bank has an approval (origination) rate of 79.4%, meaning 79.4% of all applications resulted in a funded mortgage. The denial rate is 9.5%.
What is the average loan amount at Independence Bank?
The average mortgage loan amount at Independence Bank is $214,683.
What types of mortgage loans does Independence Bank offer?
Independence Bank processes Conventional loans. The most common type is Conventional with 126 applications and an average loan amount of $214,683.
What loan purposes does Independence Bank serve?
Independence Bank serves the following loan purposes: Home Purchase (70 applications), Refinancing (27 applications), Home Improvement (20 applications), Other (9 applications). Home Purchase is the most common purpose.
Where is Independence Bank located?
Independence Bank is headquartered in Havre, MT. The lender is identified by LEI 2549000VZA9BKX17VB15 in HMDA data.
How does Independence Bank compare in lending across racial demographics?
Independence Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 74.7% and denial rate of 11.5%; American Indian or Alaska Native applicants have an approval rate of 66.7% and denial rate of 16.7%; Joint applicants have an approval rate of 100.0% and denial rate of 0.0%. 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.