Sturgis Bank & Trust at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A 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%
81st3.4% deniedPricingmedian rate spread over APOR, weight 30%
63rd0.17 ptsProcesswithdrawn + incomplete share, weight 15%
92nd1.4%Closing coststotal loan costs ÷ loan amount, weight 10%
44th2.05% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 464 | 392 | 4.1% | 4.1% | — | $44M |
| 2024 | 469 | 419 | 1.9% | 1.9% | — | $66M |
| 2025 | 875 | 735 | 3.3% | 3.4% | 6.85% | $146M |
What Sturgis Bank & Trust 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: 279 home-equity lines, 0 reverse mortgages, 69 manufactured homes, 62 investment properties.
Why Sturgis Bank & Trust denies applications
Primary reason reported for each of the 29 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Sturgis Bank & Trust
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 124 | 99 | 5.7% |
| $50k – $100k | 321 | 269 | 2.9% |
| $100k – $150k | 170 | 145 | 2.4% |
| $150k – $250k | 128 | 104 | 4.0% |
| Over $250k | 92 | 83 | 1.1% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 38 | 32 | 5.3% |
| 25–34 | 155 | 134 | 2.6% |
| 35–44 | 176 | 140 | 5.1% |
| 45–54 | 138 | 114 | 5.2% |
| 55–64 | 179 | 156 | 1.1% |
| 65–74 | 109 | 92 | 0.9% |
| Over 74 | 54 | 46 | 1.9% |
Where Sturgis Bank & Trust lends
2 states and 39 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
Sturgis Bank & Trust denied 3.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 81st percentile of small mortgage lenders.
The most common reason Sturgis Bank & Trust gave in 2025 was "credit history", cited on 55.2% 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 Sturgis Bank & Trust originated in 2025 was 6.85%, and its median rate spread over the average prime offer rate was 0.17 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 43% of its applications were for home purchases, 25% for refinancing (including cash-out), and 32% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% 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.