Sherburne State Bank in Minnesota vs the state
3.2%Denial rate-10.36 pts vs state
3.2%Decision denial rate-13.11 pts vs state
86.6%Origination rate+20.27 pts vs state
—Median rate
—Rate spread (pts)
$122kMedian applicant income
214Loans originated
8Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 206 | 178 | 8.3% | — | #120 |
| 2024 | 239 | 217 | 4.2% | — | #112 |
| 2025 | 247 | 214 | 3.2% | — | #126 |
What Sherburne State Bank lends in Minnesota
By loan purpose
By loan type
Where in Minnesota
Counties with the most Sherburne State Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Sherburne County | 83 | 76 | 1 | 1.2% |
| Wright County | 45 | 39 | 2 | 4.4% |
| Mille Lacs County | 26 | 22 | 1 | 3.8% |
| Hennepin County | 18 | 12 | 2 | 11.1% |
| Benton County | 17 | 14 | 0 | 0.0% |
| Isanti County | 12 | 11 | 0 | 0.0% |
| Crow Wing County | 9 | 8 | 0 | 0.0% |
| Stearns County | 9 | 7 | 1 | 11.1% |
| Anoka County | 5 | 4 | 0 | 0.0% |
| Morrison County | 5 | 5 | 0 | 0.0% |
Other large lenders in Minnesota
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 8,694 | 10.6% | 6.38% |
| U.S. Bank | D | 8,624 | 30.4% | 7.88% |
| Bell Bank | A | 7,987 | 5.3% | 6.63% |
| Rocket Mortgage | C | 7,630 | 16.3% | 6.63% |
| Trustone Financial Credit Union | C | 6,066 | 20.0% | 7.25% |
| Affinity Plus | C | 5,438 | 14.6% | 6.63% |
| Blaze Credit Union | B | 4,074 | 12.3% | 6.38% |
| Wings Financial Credit Union | A | 3,960 | 16.4% | 7.25% |
| Crosscountry Mortgage | B | 3,942 | 2.1% | 6.63% |
| Fairway Independent Mortgage | B | 3,327 | 3.2% | 6.75% |
Frequently asked questions
Minnesota: 247 applications in 2025, of which 214 were originated and 8 denied.
3.2% of all applications, or 3.2% 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 Sherburne State 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