Sibley County, Minnesota · 2025

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

106 lenders acted on 464 mortgage applications for properties in Sibley County in 2025. 14.0% were denied (Minnesota: 13.6%). Median rate on closed loans 6.63%; median loan $185,000; median property value $285,000.

464Applications
14.0%Denial ratestate 13.6%
6.63%Median ratestate 6.63%
$185,000Median loan
$285,000Median property value

Largest lenders in Sibley County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Rocket Mortgage C 3122 19.4%6.81%
2 United Shore Financial Services B 2322 4.4%6.06%
3 U.S. Bank D 219 42.9%6.88%
4 Broker Solutions D 2011 5.0%6.75%
5 Bell Bank A 1711 17.7%6.49%
6 Fairway Independent Mortgage B 1511 0.0%6.63%
7 Mortgage Research Center C 158 6.7%6.63%
8 Minnwest Bank C 119 9.1%7.40%
9 Pennymac Loan Services C 106 10.0%6.56%
10 Newrez D 105 20.0%6.25%
11 Old National Bank B 108 20.0%6.25%
12 Granite Bank B 98 0.0%6.88%
13 Compeer Financial, Flca C 92 11.1%7.76%
14 First State Bank of Le Center 99 0.0%
15 Crosscountry Mortgage B 86 12.5%6.79%
16 Cornerstone State Bank 88 0.0%6.63%
17 HomeTown Bank B 85 0.0%7.12%
18 Security Bank & Trust B 87 0.0%
19 Southpoint Financial C 76 0.0%
20 Blaze Credit Union B 72 57.1%5.68%
21 First National Bank Minnesota 76 14.3%
22 Trustone Financial Credit Union C 64 33.3%7.25%
23 Nationstar Mortgage C 66 0.0%7.94%
24 Plaza Home Mortgage C 63 33.3%5.88%
25 Citizens Bank Minnesota A 64 0.0%

What Sibley County borrowers applied for

By loan purpose

Home purchase 242 52% · 8.3% denied
Refinance 56 12% · 14.3% denied
Cash-out refinance 83 18% · 12.1% denied
Home improvement 49 11% · 36.7% denied
Other / HELOC 34 7% · 26.5% denied

By loan type

Conventional 316 68% · 14.2% denied
FHA 95 20% · 16.8% denied
VA 47 10% · 4.3% denied
USDA / RHS 6 1% · 33.3% denied

Why applications were denied

Credit history 24 38%
Debt-to-income ratio 15 23%
Collateral 9 14%
Incomplete application 6 9%
Other 5 8%
Insufficient cash 4 6%
Unverifiable information 1 2%

Sibley County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202342128515.7%6.88%$145,000
202439927211.8%6.75%$155,000
202546431114.0%6.63%$185,000

Frequently asked questions

14.0% of applications in Sibley County were denied in 2025, against 13.6% statewide in Minnesota.

Rocket Mortgage, with 31 applications in 2025 and a denial rate of 19.4%.

The median mortgage application in Sibley County in 2025 was for $185,000; the median property value on originated loans was $285,000.