Star Bank · Minnesota · 2025

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

Star Bank took 94 mortgage applications in Minnesota in 2025, ranking #215 of 870 lenders active in the state. It originated 89.4% of them and denied 5.3% (5.5% of the applications it decided), against a statewide denial rate of 13.6%.

94Applicationsin MN
5.5%Decision denial ratestate 16.4%
Median ratestate 6.63%
$110,000Median loanstate $215,000
$22MVolume19 counties

Star Bank in Minnesota vs the state

5.3%Denial rate-8.28 pts vs state
5.5%Decision denial rate-10.86 pts vs state
89.4%Origination rate+22.99 pts vs state
Median rate
Rate spread (pts)
$91kMedian applicant income
84Loans originated
5Denied

Trend in Minnesota

YearApplicationsOriginatedDenial rateMedian rateRank in state
202378662.6%#217
2024100826.0%#188
202594845.3%#215

What Star Bank lends in Minnesota

By loan purpose

Home purchase 53 56% · 7.6% denied
Refinance 16 17% · 0.0% denied
Home improvement 16 17% · 0.0% denied
Other / HELOC 9 10% · 11.1% denied

By loan type

Conventional 94 100% · 5.3% denied

Where in Minnesota

Counties with the most Star Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Todd County 21190 0.0%
Wright County 18162 11.1%
Traverse County 990 0.0%
Wadena County 751 14.3%
Stevens County 651 16.7%
Hennepin County 660 0.0%
Grant County 550 0.0%
Otter Tail County 541 20.0%
Hubbard County 330 0.0%
Mille Lacs County 220 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: 94 applications in 2025, of which 84 were originated and 5 denied.

5.3% of all applications, or 5.5% 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 Star 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