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Stearns County, Minnesota · 2025

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

255 lenders acted on 4,530 mortgage applications for properties in Stearns County in 2025. 11.6% were denied (Minnesota: 13.6%). Median rate on closed loans 6.63%; median loan $195,000; median property value $305,000.

4.5kApplications
11.6%Denial ratestate 13.6%
6.63%Median ratestate 6.63%
$195,000Median loan
$305,000Median property value

Largest lenders in Stearns County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Magnifi Financial Credit Union B 492355 6.9%6.25%
2 Homeowners Financial Group USA B 200151 4.5%6.63%
3 St. Cloud Financial B 180149 10.6%6.00%
4 Liberty Bank Minnesota A 169147 3.6%6.63%
5 United Shore Financial Services B 159117 11.3%6.13%
6 U.S. Bank D 15581 29.0%7.95%
7 Rocket Mortgage C 149112 13.4%6.50%
8 Plaza Home Mortgage C 121106 5.8%6.38%
9 Trustone Financial Credit Union C 11682 18.1%7.24%
10 Deerwood Bank A 9991 3.0%7.25%
11 Affinity Plus C 9869 12.2%6.63%
12 Broker Solutions D 9057 7.8%6.75%
13 Freedom Mortgage B 8537 4.7%6.13%
14 Mortgage Research Center C 8354 10.8%6.25%
15 Old National Bank B 8367 10.8%6.63%
16 Fairway Independent Mortgage B 8167 3.7%6.69%
17 Everett Financial C 7845 1.3%6.88%
18 21st Mortgage F 6418 50.0%11.19%
19 Pennymac Loan Services C 6136 13.1%6.50%
20 Crosscountry Mortgage B 5741 1.8%6.58%
21 Newrez D 5628 7.1%6.44%
22 Bell Bank A 5449 5.6%6.75%
23 Blaze Credit Union B 5329 11.3%6.13%
24 Granite Bank B 4939 2.0%6.38%
25 Sentry Bank A 4944 0.0%—

Best approval odds in Stearns County

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

#LenderDecidedDecision denial rate
1Deerwood Bank953.2%
2Liberty Bank Minnesota1533.9%
3Fairway Independent Mortgage704.3%
4Homeowners Financial Group USA1605.6%
5Bell Bank525.8%
6Plaza Home Mortgage1136.2%
7Freedom Mortgage508.0%
8Magnifi Financial Credit Union4148.2%
9Broker Solutions6410.9%
10St. Cloud Financial16811.3%

What Stearns County borrowers applied for

By loan purpose

Home purchase 2,309 51% · 7.0% denied
Refinance 692 15% · 9.1% denied
Cash-out refinance 708 16% · 15.8% denied
Home improvement 405 9% · 21.2% denied
Other / HELOC 416 9% · 24.8% denied

By loan type

Conventional 3,564 79% · 11.6% denied
FHA 544 12% · 13.1% denied
VA 406 9% · 9.6% denied
USDA / RHS 16 0% · 0.0% denied

Why applications were denied

Debt-to-income ratio 171 33%
Credit history 155 30%
Incomplete application 68 13%
Collateral 60 12%
Other 30 6%
Unverifiable information 14 3%
Insufficient cash 12 2%
Employment history 6 1%

Stearns County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20233,6882,65811.4%6.88%$165,000
20244,0812,93511.9%6.93%$175,000
20254,5303,14911.6%6.63%$195,000

Frequently asked questions

11.6% of applications in Stearns County were denied in 2025, against 13.6% statewide in Minnesota.

Magnifi Financial Credit Union, with 492 applications in 2025 and a denial rate of 6.9%.

The median mortgage application in Stearns County in 2025 was for $195,000; the median property value on originated loans was $305,000.