Sunrise Banks at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C 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%
37th13.0% deniedProcesswithdrawn + incomplete share, weight 15%
71st7.2%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 284 | 225 | 8.8% | 9.9% | — | $78M |
| 2024 | 295 | 217 | 12.5% | 14.4% | — | $184M |
| 2025 | 291 | 230 | 12.0% | 13.0% | — | $79M |
What Sunrise Banks 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, 0 manufactured homes, 85 investment properties.
Why Sunrise Banks 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 Sunrise Banks
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 106 | 81 | 19.8% |
| $100k – $150k | 27 | 25 | 7.4% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 55 | 40 | 18.4% |
| 35–44 | 86 | 70 | 14.6% |
| 45–54 | 44 | 36 | 16.3% |
Where Sunrise Banks lends
3 states and 25 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Minnesota | 280 | 224 | 10.7% | — | #118 |
| South Dakota | 9 | 5 | 44.4% | — | #136 |
Frequently asked questions
Sunrise Banks denied 13.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 37th percentile of small mortgage lenders.
The most common reason Sunrise Banks gave in 2025 was "debt-to-income ratio", cited on 28.6% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
In 2025, 86% of its applications were for home purchases, 12% for refinancing (including cash-out), and 2% 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.