Largest lenders in Steele County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Crosscountry Mortgage | B | 101 | 90 | 2.0% | 6.54% |
| 2 | U.S. Bank | D | 78 | 48 | 23.1% | 7.95% |
| 3 | Rocket Mortgage | C | 58 | 41 | 19.0% | 6.88% |
| 4 | United Shore Financial Services | B | 51 | 36 | 19.6% | 6.17% |
| 5 | Guaranteed Rate | B | 35 | 26 | 8.6% | 6.50% |
| 6 | Cambria Financial Group | B | 30 | 19 | 10.0% | 6.88% |
| 7 | Affinity Plus | C | 29 | 18 | 17.2% | 6.75% |
| 8 | Freedom Mortgage | B | 25 | 13 | 8.0% | 6.75% |
| 9 | Mortgage Research Center | C | 24 | 14 | 16.7% | 6.50% |
| 10 | Loandepot.Com | D | 21 | 16 | 9.5% | 6.56% |
| 11 | Trustone Financial Credit Union | C | 19 | 13 | 10.5% | 8.00% |
| 12 | Iowa Bankers Mortgage | B | 17 | 14 | 11.8% | 6.50% |
| 13 | Compeer Financial, Flca | C | 17 | 11 | 0.0% | 7.13% |
| 14 | Old National Bank | B | 17 | 12 | 23.5% | 6.49% |
| 15 | 21st Mortgage | F | 16 | 2 | 68.8% | 12.26% |
| 16 | Servion | B | 15 | 15 | 0.0% | 6.25% |
| 17 | Wells Fargo Bank | B | 14 | 11 | 0.0% | 6.75% |
| 18 | Spring Eq | D | 14 | 4 | 64.3% | 9.83% |
| 19 | Fairway Independent Mortgage | B | 13 | 13 | 0.0% | 6.63% |
| 20 | Broker Solutions | D | 13 | 5 | 0.0% | 6.75% |
| 21 | Bremer Bank | B | 13 | 6 | 15.4% | 6.25% |
| 22 | Union Home Mortgage | B | 12 | 9 | 0.0% | 6.50% |
| 23 | Towne Mortgage | B | 12 | 8 | 16.7% | 5.94% |
| 24 | Coastal Community Bank | C | 12 | 1 | 0.0% | 11.74% |
| 25 | Discover Bank | F | 11 | 3 | 27.3% | 9.19% |
Best approval odds in Steele County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Crosscountry Mortgage | 93 | 2.2% |
| 2 | Rocket Mortgage | 54 | 20.4% |
| 3 | U.S. Bank | 66 | 27.3% |
What Steele County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Steele County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 858 | 565 | 16.0% | 6.88% | $175,000 |
| 2024 | 903 | 606 | 15.6% | 6.88% | $185,000 |
| 2025 | 1,027 | 677 | 14.1% | 6.63% | $195,000 |
Frequently asked questions
14.1% of applications in Steele County were denied in 2025, against 13.6% statewide in Minnesota.
Crosscountry Mortgage, with 101 applications in 2025 and a denial rate of 2.0%.
The median mortgage application in Steele County in 2025 was for $195,000; the median property value on originated loans was $285,000.