Liberty Bank Minnesota at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A 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%
82nd3.3% deniedPricingmedian rate spread over APOR, weight 30%
60th0.19 ptsProcesswithdrawn + incomplete share, weight 15%
57th10.1%Closing coststotal loan costs ÷ loan amount, weight 10%
69th1.42% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 293 | 252 | 4.4% | 4.9% | 6.38% | $61M |
| 2024 | 326 | 276 | 7.1% | 7.7% | 6.88% | $68M |
| 2025 | 336 | 292 | 3.0% | 3.3% | 6.75% | $74M |
What Liberty Bank Minnesota 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: 0 home-equity lines, 0 reverse mortgages, 1 manufactured homes, 11 investment properties.
Why Liberty Bank Minnesota denies applications
Primary reason reported for each of the 10 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Liberty Bank Minnesota
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 23 | 21 | 4.6% |
| $50k – $100k | 116 | 101 | 3.8% |
| $100k – $150k | 104 | 90 | 3.2% |
| $150k – $250k | 68 | 59 | 0.0% |
| Over $250k | 24 | 21 | 4.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 28 | 25 | 3.9% |
| 25–34 | 70 | 62 | 1.6% |
| 35–44 | 70 | 58 | 3.3% |
| 45–54 | 76 | 64 | 4.5% |
| 55–64 | 59 | 52 | 3.7% |
| 65–74 | 20 | 18 | 5.3% |
Where Liberty Bank Minnesota lends
2 states and 30 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Minnesota | 335 | 291 | 3.0% | 6.75% | #105 |
Frequently asked questions
Liberty Bank Minnesota denied 3.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 82nd percentile of small mortgage lenders.
The most common reason Liberty Bank Minnesota gave in 2025 was "debt-to-income ratio", cited on 50.0% 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 Liberty Bank Minnesota originated in 2025 was 6.75%, and its median rate spread over the average prime offer rate was 0.19 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 60% of its applications were for home purchases, 29% for refinancing (including cash-out), and 11% for home improvement or other purposes. By loan type: 96% conventional, 2% 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.