Security Bank & Trust · Minnesota · 2025

Security Bank & Trust in Minnesota: approval rate, denial rate and rates (2025)

Security Bank & Trust took 115 mortgage applications in Minnesota in 2025, ranking #187 of 870 lenders active in the state. It originated 95.7% of them and denied 2.6% (2.7% of the applications it decided), against a statewide denial rate of 13.6%.

115Applicationsin MN
2.7%Decision denial ratestate 16.4%
Median ratestate 6.63%
$215,000Median loanstate $215,000
$43MVolume19 counties

Security Bank & Trust in Minnesota vs the state

2.6%Denial rate-10.99 pts vs state
2.7%Decision denial rate-13.70 pts vs state
95.7%Origination rate+29.28 pts vs state
Median rate
Rate spread (pts)
$108kMedian applicant income
110Loans originated
3Denied

Trend in Minnesota

YearApplicationsOriginatedDenial rateMedian rateRank in state
202356503.6%#255
20241441302.8%#153
20251151102.6%#187

What Security Bank & Trust lends in Minnesota

By loan purpose

Home purchase 52 45% · 1.9% denied
Refinance 50 43% · 4.0% denied
Home improvement 6 5% · 0.0% denied
Other / HELOC 7 6% · 0.0% denied

By loan type

Conventional 115 100% · 2.6% denied

Why it denied Minnesota applicants

Credit history 2 67%
Debt-to-income ratio 1 33%

Where in Minnesota

Counties with the most Security Bank & Trust applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Hennepin County 29272 6.9%
McLeod County 15150 0.0%
Ramsey County 15150 0.0%
Carver County 14140 0.0%
Sibley County 870 0.0%
Anoka County 550 0.0%
Isanti County 550 0.0%
Dakota County 320 0.0%
Cass County 330 0.0%
Wright County 330 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: 115 applications in 2025, of which 110 were originated and 3 denied.

2.6% of all applications, or 2.7% 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 Security Bank & Trust'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