Sunrise Banks · Minnesota · 2025

Sunrise Banks in Minnesota: approval rate, denial rate and rates (2025)

Sunrise Banks took 280 mortgage applications in Minnesota in 2025, ranking #118 of 870 lenders active in the state. It originated 80.0% of them and denied 10.7% (11.6% of the applications it decided), against a statewide denial rate of 13.6%.

280Applicationsin MN
11.6%Decision denial ratestate 16.4%
Median ratestate 6.63%
$265,000Median loanstate $215,000
$77MVolume20 counties

Sunrise Banks in Minnesota vs the state

10.7%Denial rate-2.89 pts vs state
11.6%Decision denial rate-4.77 pts vs state
80.0%Origination rate+13.63 pts vs state
Median rate
Rate spread (pts)
$78kMedian applicant income
224Loans originated
30Denied

Trend in Minnesota

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232812238.5%#101
202428821212.2%#100
202528022410.7%#118

What Sunrise Banks lends in Minnesota

By loan purpose

Home purchase 245 88% · 10.6% denied
Refinance 30 11% · 10.0% denied
Home improvement 4 1% · 0.0% denied
Other / HELOC 1 0% · 100.0% denied

By loan type

Conventional 280 100% · 10.7% denied

Why it denied Minnesota applicants

Debt-to-income ratio 10 33%
Credit history 6 20%
Insufficient cash 4 13%
Collateral 3 10%
Incomplete application 2 7%
Employment history 2 7%
Other 2 7%
Unverifiable information 1 3%

Where in Minnesota

Counties with the most Sunrise Banks applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Hennepin County 1239513 10.6%
Ramsey County 66535 7.6%
Dakota County 29254 13.8%
Anoka County 22193 13.6%
Washington County 1173 27.3%
Scott County 871 12.5%
Wright County 321 33.3%
Sherburne County 330 0.0%
Clay County 220 0.0%
Carver 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: 280 applications in 2025, of which 224 were originated and 30 denied.

10.7% of all applications, or 11.6% 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 Sunrise Banks'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