Minster Bank 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%
74th4.9% deniedPricingmedian rate spread over APOR, weight 30%
87th-0.10 ptsProcesswithdrawn + incomplete share, weight 15%
46th12.3%Closing coststotal loan costs ÷ loan amount, weight 10%
85th1.00% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 224 | 193 | 5.8% | 6.2% | 6.50% | $46M |
| 2024 | 243 | 205 | 6.6% | 7.1% | 6.75% | $45M |
| 2025 | 235 | 196 | 4.3% | 4.9% | 6.50% | $59M |
What Minster 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: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 52 investment properties.
Why Minster Bank 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 Minster Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 25 | 16 | 30.4% |
| $50k – $100k | 74 | 58 | 1.7% |
| $100k – $150k | 42 | 32 | 3.0% |
| $150k – $250k | 38 | 34 | 2.9% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 40 | 33 | 2.9% |
| 25–34 | 59 | 46 | 6.1% |
| 35–44 | 33 | 23 | 4.2% |
| 45–54 | 29 | 23 | 11.5% |
Where Minster Bank lends
4 states and 26 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Ohio | 231 | 192 | 4.3% | 6.50% | #217 |
Frequently asked questions
Minster Bank denied 4.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 74th percentile of small mortgage lenders.
The most common reason Minster Bank 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 Minster Bank originated in 2025 was 6.50%, and its median rate spread over the average prime offer rate was -0.10 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 80% of its applications were for home purchases, 16% for refinancing (including cash-out), and 5% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% 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.