Bremer Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
30th15.1% deniedPricingmedian rate spread over APOR, weight 30%
94th-0.35 ptsProcesswithdrawn + incomplete share, weight 15%
54th10.8%Closing coststotal loan costs ÷ loan amount, weight 10%
24th2.74% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 2,662 | 2,099 | 8.0% | 9.0% | 7.25% | $714M |
| 2024 | 2,392 | 1,857 | 10.6% | 11.9% | 7.50% | $617M |
| 2025 | 675 | 509 | 13.5% | 15.1% | 7.15% | $245M |
What Bremer Bank lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 306 home-equity lines, 0 reverse mortgages, 6 manufactured homes, 36 investment properties.
Why Bremer Bank denies applications
Primary reason reported for each of the 91 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Bremer Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 60 | 30 | 43.4% |
| $50k – $100k | 207 | 156 | 12.8% |
| $100k – $150k | 127 | 102 | 11.3% |
| $150k – $250k | 146 | 115 | 11.5% |
| Over $250k | 91 | 75 | 6.2% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 40 | 31 | 8.8% |
| 25–34 | 124 | 93 | 19.1% |
| 35–44 | 136 | 107 | 10.7% |
| 45–54 | 104 | 70 | 22.0% |
| 55–64 | 136 | 101 | 13.7% |
| 65–74 | 93 | 72 | 14.3% |
| Over 74 | 25 | 18 | 21.7% |
Where Bremer Bank lends
8 states and 108 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Minnesota | 512 | 391 | 13.1% | 7.38% | #80 |
| North Dakota | 82 | 61 | 14.6% | 7.00% | #55 |
| Wisconsin | 61 | 43 | 18.0% | 8.80% | #309 |
| Arizona | 8 | 5 | 0.0% | 7.25% | #544 |
| Florida | 8 | 6 | 12.5% | 7.96% | #985 |
Frequently asked questions
Bremer Bank denied 15.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 30th percentile of small mortgage lenders.
The most common reason Bremer Bank gave in 2025 was "debt-to-income ratio", cited on 54.9% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Bremer Bank originated in 2025 was 7.15%, and its median rate spread over the average prime offer rate was -0.35 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 39% of its applications were for home purchases, 26% for refinancing (including cash-out), and 35% for home improvement or other purposes. By loan type: 95% conventional, 3% FHA, 1% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.