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Sherburne County, Minnesota · 2025

Mortgage lenders in Sherburne County, MN: denial rates and top lenders (2025)

269 lenders acted on 4,170 mortgage applications for properties in Sherburne County in 2025. 13.5% were denied (Minnesota: 13.6%). Median rate on closed loans 6.63%; median loan $245,000; median property value $395,000.

4.2kApplications
13.5%Denial ratestate 13.6%
6.63%Median ratestate 6.63%
$245,000Median loan
$395,000Median property value

Largest lenders in Sherburne County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Blaze Credit Union B 215156 11.2%6.50%
2 Rocket Mortgage C 211157 14.7%6.63%
3 United Shore Financial Services B 198153 8.1%6.13%
4 U.S. Bank D 16282 35.2%8.15%
5 Trustone Financial Credit Union C 155113 17.4%7.25%
6 Crosscountry Mortgage B 139108 1.4%6.58%
7 Broker Solutions D 13977 5.0%6.63%
8 Bell Bank A 134118 3.0%6.50%
9 Loandepot.Com D 9554 16.8%6.38%
10 Affinity Plus C 9161 13.2%6.74%
11 Sherburne State Bank A 8376 1.2%—
12 Pennymac Loan Services C 7646 10.5%6.13%
13 Fairway Independent Mortgage B 7666 1.3%6.63%
14 The Huntington National Bank D 7437 29.7%7.44%
15 Wings Financial Credit Union A 7355 16.4%7.25%
16 Newrez D 6834 22.1%6.88%
17 Wells Fargo Bank B 6032 21.7%6.38%
18 Coastal Community Bank C 5713 1.8%9.49%
19 Lennar Mortgage A 5647 7.1%5.75%
20 Minnco Credit Union F 5434 16.7%7.50%
21 Freedom Mortgage B 5414 11.1%6.25%
22 Mortgage Research Center C 5330 11.3%6.25%
23 The Bank of Elk River A 4732 6.4%—
24 Spring Eq D 4620 47.8%8.83%
25 Old National Bank B 4433 13.6%6.73%

Best approval odds in Sherburne County

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

#LenderDecidedDecision denial rate
1Sherburne State Bank831.2%
2Fairway Independent Mortgage671.5%
3Crosscountry Mortgage1121.8%
4Bell Bank1243.2%
5Lennar Mortgage517.8%
6Broker Solutions858.2%
7United Shore Financial Services1729.3%
8Blaze Credit Union19212.5%
9Pennymac Loan Services5514.6%
10Rocket Mortgage19915.6%

What Sherburne County borrowers applied for

By loan purpose

Home purchase 1,824 44% · 6.3% denied
Refinance 610 15% · 11.3% denied
Cash-out refinance 729 17% · 20.4% denied
Home improvement 422 10% · 18.7% denied
Other / HELOC 585 14% · 25.8% denied

By loan type

Conventional 3,196 77% · 13.2% denied
FHA 598 14% · 15.7% denied
VA 345 8% · 13.0% denied
USDA / RHS 31 1% · 6.5% denied

Why applications were denied

Debt-to-income ratio 196 35%
Credit history 118 21%
Incomplete application 81 15%
Collateral 73 13%
Other 52 9%
Unverifiable information 23 4%
Insufficient cash 9 2%
Employment history 3 1%

Sherburne County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20233,5592,30616.2%6.99%$205,000
20243,7342,48014.3%6.99%$215,000
20254,1702,78013.5%6.63%$245,000

Frequently asked questions

13.5% of applications in Sherburne County were denied in 2025, against 13.6% statewide in Minnesota.

Blaze Credit Union, with 215 applications in 2025 and a denial rate of 11.2%.

The median mortgage application in Sherburne County in 2025 was for $245,000; the median property value on originated loans was $395,000.