First State Bank of Le Center · Minnesota · 2025

First State Bank of Le Center in Minnesota: approval rate, denial rate and rates (2025)

First State Bank of Le Center took 50 mortgage applications in Minnesota in 2025, ranking #294 of 870 lenders active in the state. It originated 92.0% of them and denied 2.0% (2.1% of the applications it decided), against a statewide denial rate of 13.6%.

50Applicationsin MN
2.1%Decision denial ratestate 16.4%
Median ratestate 6.63%
$125,000Median loanstate $215,000
$7.1MVolume14 counties

First State Bank of Le Center in Minnesota vs the state

2.0%Denial rate-11.60 pts vs state
2.1%Decision denial rate-14.22 pts vs state
92.0%Origination rate+25.63 pts vs state
Median rate
Rate spread (pts)
$98kMedian applicant income
46Loans originated
1Denied

Trend in Minnesota

YearApplicationsOriginatedDenial rateMedian rateRank in state
202355550.0%#261
202440400.0%#300
202550462.0%#294

What First State Bank of Le Center lends in Minnesota

By loan purpose

Home purchase 22 44% · 4.6% denied
Refinance 6 12% · 0.0% denied
Cash-out refinance 12 24% · 0.0% denied
Home improvement 6 12% · 0.0% denied
Other / HELOC 4 8% · 0.0% denied

By loan type

Conventional 50 100% · 2.0% denied

Where in Minnesota

Counties with the most First State Bank of Le Center applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Le Sueur County 20170 0.0%
Sibley County 990 0.0%
Nicollet County 440 0.0%
Hennepin County 330 0.0%
Blue Earth County 330 0.0%
Scott County 211 50.0%
Goodhue County 220 0.0%
Faribault County 110 0.0%
Stearns County 110 0.0%
Renville County 110 0.0%

Other large lenders in Minnesota

LenderGradeApplicationsDenial rateMedian rate
United Shore Financial ServicesB 8,69410.6%6.38%
U.S. BankD 8,62430.4%7.88%
Bell BankA 7,9875.3%6.63%
Rocket MortgageC 7,63016.3%6.63%
Trustone Financial Credit UnionC 6,06620.0%7.25%
Affinity PlusC 5,43814.6%6.63%
Blaze Credit UnionB 4,07412.3%6.38%
Wings Financial Credit UnionA 3,96016.4%7.25%
Crosscountry MortgageB 3,9422.1%6.63%
Fairway Independent MortgageB 3,3273.2%6.75%

Frequently asked questions

Minnesota: 50 applications in 2025, of which 46 were originated and 1 denied.

2.0% of all applications, or 2.1% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are First State Bank of Le Center's own HMDA filing for properties located in Minnesota, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology