Security Savings Bank · Minnesota · 2025

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

Security Savings Bank took 19 mortgage applications in Minnesota in 2025, ranking #394 of 870 lenders active in the state. It originated 73.7% of them and denied 21.1% (21.1% of the applications it decided), against a statewide denial rate of 13.6%.

19Applicationsin MN
21.1%Decision denial ratestate 16.4%
Median ratestate 6.63%
$135,000Median loanstate $215,000
$2.8MVolume5 counties

Security Savings Bank in Minnesota vs the state

21.1%Denial rate+7.45 pts vs state
21.1%Decision denial rate+4.70 pts vs state
73.7%Origination rate+7.31 pts vs state
Median rate
Rate spread (pts)
$118kMedian applicant income
14Loans originated
4Denied

Trend in Minnesota

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023201330.0%#380
202416156.3%#404
2025191421.1%#394

What Security Savings Bank lends in Minnesota

By loan purpose

Home purchase 11 58% · 18.2% denied
Refinance 6 32% · 33.3% denied
Home improvement 2 11% · 0.0% denied

By loan type

Conventional 18 95% · 16.7% denied
FHA 1 5% · 100.0% denied

Where in Minnesota

Counties with the most Security Savings Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Rock County 1393 23.1%
Pipestone County 330 0.0%
Nobles County 101 100.0%
Douglas County 110 0.0%
Murray 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: 19 applications in 2025, of which 14 were originated and 4 denied.

21.1% of all applications, or 21.1% 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 Security Savings Bank'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