St. Cloud Financial at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B 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%
49th9.9% deniedPricingmedian rate spread over APOR, weight 30%
61st0.19 ptsProcesswithdrawn + incomplete share, weight 15%
68th7.8%Closing coststotal loan costs ÷ loan amount, weight 10%
70th1.38% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 383 | 299 | 9.1% | 10.5% | 6.74% | $45M |
| 2024 | 375 | 321 | 5.6% | 6.1% | 6.75% | $53M |
| 2025 | 383 | 318 | 9.1% | 9.9% | 6.10% | $47M |
What St. Cloud Financial 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, 3 manufactured homes, 7 investment properties.
Why St. Cloud Financial denies applications
Primary reason reported for each of the 35 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at St. Cloud Financial
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 31 | 17 | 34.6% |
| $50k – $100k | 133 | 107 | 13.7% |
| $100k – $150k | 100 | 88 | 4.4% |
| $150k – $250k | 93 | 86 | 3.4% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 52 | 45 | 10.0% |
| 35–44 | 94 | 81 | 9.0% |
| 45–54 | 114 | 92 | 9.8% |
| 55–64 | 65 | 52 | 11.9% |
| 65–74 | 33 | 30 | 6.3% |
Where St. Cloud Financial lends
5 states and 29 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Minnesota | 379 | 314 | 9.2% | 6.00% | #96 |
Frequently asked questions
St. Cloud Financial denied 9.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 49th percentile of small mortgage lenders.
The most common reason St. Cloud Financial gave in 2025 was "debt-to-income ratio", cited on 45.7% 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 St. Cloud Financial originated in 2025 was 6.10%, and its median rate spread over the average prime offer rate was 0.19 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 26% of its applications were for home purchases, 73% for refinancing (including cash-out), and 1% for home improvement or other purposes. By loan type: 99% conventional, 0% FHA, 1% 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.