Liberty Bank Minnesota · Minnesota · 2025

Liberty Bank Minnesota in Minnesota: approval rate, denial rate and rates (2025)

Liberty Bank Minnesota took 335 mortgage applications in Minnesota in 2025, ranking #105 of 870 lenders active in the state. It originated 86.9% of them and denied 3.0% (3.3% of the applications it decided), against a statewide denial rate of 13.6%.

335Applicationsin MN
3.3%Decision denial ratestate 16.4%
6.75%Median ratestate 6.63%
$235,000Median loanstate $215,000
$73MVolume29 counties

Liberty Bank Minnesota in Minnesota vs the state

3.0%Denial rate-10.61 pts vs state
3.3%Decision denial rate-13.03 pts vs state
86.9%Origination rate+20.50 pts vs state
6.75%Median rate+0.13 pts vs state
0.19Rate spread (pts)-0.06 pts vs state
$111kMedian applicant income
291Loans originated
10Denied

Trend in Minnesota

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232922514.5%6.38%#98
20243242747.1%6.88%#95
20253352913.0%6.75%#105

What Liberty Bank Minnesota lends in Minnesota

By loan purpose

Home purchase 202 60% · 1.0% denied
Refinance 65 19% · 4.6% denied
Cash-out refinance 32 10% · 3.1% denied
Home improvement 14 4% · 14.3% denied
Other / HELOC 22 7% · 9.1% denied

By loan type

Conventional 323 96% · 3.1% denied
FHA 6 2% · 0.0% denied
VA 5 1% · 0.0% denied
USDA / RHS 1 0% · 0.0% denied

Why it denied Minnesota applicants

Debt-to-income ratio 5 50%
Collateral 3 30%
Credit history 2 20%

Where in Minnesota

Counties with the most Liberty Bank Minnesota applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Stearns County 1691476 3.6%
Benton County 63552 3.2%
Sherburne County 27221 3.7%
Wright County 17150 0.0%
Hennepin County 1180 0.0%
Crow Wing County 550 0.0%
Mille Lacs County 440 0.0%
Cass County 330 0.0%
Morrison County 320 0.0%
Washington County 320 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: 335 applications in 2025, of which 291 were originated and 10 denied.

3.0% of all applications, or 3.3% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.

The median rate on loans Liberty Bank Minnesota originated in Minnesota in 2025 was 6.75%, against a statewide median of 6.63%.

About this data. Figures are Liberty Bank Minnesota'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