Western State Bank 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%
66th6.3% deniedPricingmedian rate spread over APOR, weight 30%
83rd-0.03 ptsProcesswithdrawn + incomplete share, weight 15%
12th23.6%Closing coststotal loan costs ÷ loan amount, weight 10%
77th1.23% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 238 | 174 | 7.1% | 8.9% | 6.85% | $113M |
| 2024 | 265 | 171 | 9.4% | 12.8% | 6.75% | $87M |
| 2025 | 335 | 240 | 4.8% | 6.3% | 6.50% | $128M |
What Western State Bank 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, 2 manufactured homes, 42 investment properties.
Why Western State Bank denies applications
Primary reason reported for each of the 16 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Western State Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 25 | 16 | 20.0% |
| $50k – $100k | 89 | 74 | 6.3% |
| $100k – $150k | 70 | 52 | 3.7% |
| $150k – $250k | 73 | 49 | 0.0% |
| Over $250k | 43 | 29 | 9.4% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 30 | 26 | 3.7% |
| 25–34 | 72 | 53 | 7.0% |
| 35–44 | 62 | 45 | 8.2% |
| 45–54 | 52 | 36 | 5.3% |
| 55–64 | 48 | 31 | 8.8% |
| 65–74 | 31 | 25 | 0.0% |
Where Western State Bank lends
11 states and 38 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| North Dakota | 170 | 121 | 3.5% | 6.38% | #29 |
| Arizona | 92 | 62 | 5.4% | 6.75% | #254 |
| Minnesota | 59 | 48 | 8.5% | 6.50% | #271 |
Frequently asked questions
Western State Bank denied 6.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 66th percentile of small mortgage lenders.
The most common reason Western State Bank gave in 2025 was "debt-to-income ratio", cited on 37.5% 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 Western State Bank originated in 2025 was 6.50%, and its median rate spread over the average prime offer rate was -0.03 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 69% of its applications were for home purchases, 27% for refinancing (including cash-out), and 4% for home improvement or other purposes. By loan type: 90% conventional, 8% FHA, 2% 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.