PlainLender

Traditional Bank Inc

Mt Sterling, KY

Traditional Bank Inc processed 911 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 749 loans with a 7.6% denial rate. Home Purchase was the primary loan purpose. Based in Mt Sterling, KY. The approval rate of 82.2% 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. Traditional Bank Inc processed 911 HMDA-reported mortgage applications in 2024, originating 749 loans and denying 69 for a denial rate of 7.6% (applicants themselves withdrew 80 files before a decision). The average loan amount was $221,378 at a 7.795% average note rate, and applicants self-reported an average income of $33,000. The lender reports under LEI 549300D88XVKM6DJOC77 from Mt Sterling, KY.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Traditional Bank Inc's 82.2% origination rate tells you how often an application turned into funded money; the 7.6% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Debt-to-income ratio, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (843 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.

911
Applications
749
Originated
7.6%
Denial Rate
$221,378
Avg Loan Amount
Avg Interest Rate: 7.795% Avg Applicant Income: $33,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 843 702 59 $220,136
FHA 53 35 9 $221,415
VA 9 8 1 $351,667
USDA 6 4 0 $200,000

Top loan types — Traditional Bank Inc

Top loan types — Traditional Bank Inc Horizontal bar chart of the top 4 items by value (applications). Top loan types — Traditional Bank Inc Top 4 1. Conventional 843 2. FHA 53 3. VA 9 4. USDA 6 Top 5 loan types by application volume at Traditional Bank Inc (HMDA 2023). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Traditional Bank Inc (LEI: 549300D88XVKM6DJOC77) · 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

Credit history
28
Debt-to-income ratio
24
Collateral
10
Other
9
Credit application incomplete
4
Employment history
3
Unverifiable information
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 418 341 $266,986
Refinancing 214 181 $248,738
Other 150 122 $155,000
Home Improvement 127 104 $106,260
Cash-out Refinancing 2 1 $50,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 662 81.6% 8.3%
Black or African American 31 64.5% 16.1%
Asian 19 84.2% 0.0%
Joint 14 78.6% 14.3%
Native Hawaiian or Other Pacific Islander 3 33.3% 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 704 81.1% 8.0%
Hispanic or Latino 15 60.0% 33.3%
Joint 5 80.0% 0.0%

Nearby Lenders in KY

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

STOCKTON MORTGAGE CORPORATION

FRANKFORT, KY

12,011 apps 7,797 originated 6.5% denied

Liberty Federal Credit Union

Louisville, KY

6,132 apps 4,679 originated 7.9% denied

FARM CREDIT MID-AMERICA, ACA

LOUISVILLE, KY

5,902 apps 4,311 originated 10.4% denied

MAGNOLIA BANK

Elizabethtown, KY

5,338 apps 4,002 originated 7.8% denied

REPUBLIC BANK & TRUST

LOUISVILLE, KY

3,866 apps 2,192 originated 13.1% denied
Compare Traditional Bank Inc vs STOCKTON MORTGAGE CORPORATION →

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 Traditional Bank Inc process?
Traditional Bank Inc processed 911 mortgage applications in the 2023 HMDA reporting year. Of these, 749 were originated (approved and funded), 80 were withdrawn by the applicant, and 69 were denied.
What is Traditional Bank Inc's mortgage approval rate?
Traditional Bank Inc has an approval (origination) rate of 82.2%, meaning 82.2% of all applications resulted in a funded mortgage. The denial rate is 7.6%.
What is the average loan amount at Traditional Bank Inc?
The average mortgage loan amount at Traditional Bank Inc is $221,378. The average interest rate is 7.795%. The average applicant income is $33,000.
What are the most common reasons for mortgage denial at Traditional Bank Inc?
The most common reasons for mortgage denial at Traditional Bank Inc are: Credit history, Debt-to-income ratio, Collateral. In total, 69 applications were denied out of 911 total applications.
What types of mortgage loans does Traditional Bank Inc offer?
Traditional Bank Inc processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 843 applications and an average loan amount of $220,136.
What loan purposes does Traditional Bank Inc serve?
Traditional Bank Inc serves the following loan purposes: Home Purchase (418 applications), Refinancing (214 applications), Other (150 applications), Home Improvement (127 applications), Cash-out Refinancing (2 applications). Home Purchase is the most common purpose.
Where is Traditional Bank Inc located?
Traditional Bank Inc is headquartered in Mt Sterling, KY. The lender is identified by LEI 549300D88XVKM6DJOC77 in HMDA data.
How does Traditional Bank Inc compare in lending across racial demographics?
Traditional Bank Inc reports demographic lending data under HMDA requirements. White applicants have an approval rate of 81.6% and denial rate of 8.3%; Black or African American applicants have an approval rate of 64.5% and denial rate of 16.1%; Asian applicants have an approval rate of 84.2% 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.