PlainLender

Northern State Bank

Aurora, MN

Northern State Bank processed 139 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 107 loans with a 9.3% denial rate. Home Purchase was the primary loan purpose. Based in Aurora, MN. The approval rate of 77.0% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. Northern State Bank processed 139 HMDA-reported mortgage applications in 2024, originating 107 loans and denying 13 for a denial rate of 9.3% (applicants themselves withdrew 16 files before a decision). The average loan amount was $129,388. The lender reports under LEI 254900X5QCTPBYKG4S42 from Aurora, MN.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% — HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Northern State Bank's 77.0% origination rate tells you how often an application turned into funded money; the 9.3% denial rate is a separate read on underwriting strictness. Most activity concentrated in Conventional loans (139 applications).

How to read this page. These figures are aggregate HMDA disclosures — they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting — it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

139
Applications
107
Originated
9.3%
Denial Rate
$129,388
Avg Loan Amount

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 139 107 13 $129,388

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Northern State Bank (LEI: 254900X5QCTPBYKG4S42) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 71 52 $192,465
Refinancing 29 22 $73,966
Home Improvement 23 19 $53,696
Other 16 14 $58,750

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 121 76.0% 9.9%
American Indian or Alaska Native 2 50.0% 0.0%
Black or African American 1 100.0% 0.0%

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 119 77.3% 8.4%
Joint 1 0.0% 100.0%

Nearby Lenders in MN

Other HMDA-reporting lenders in MN with similar activity. Compare any two side-by-side.

Luminate Home Loans, Inc.

Minneapolis, MN

12,756 apps 8,817 originated 2.6% denied

TRUSTONE FINANCIAL CREDIT UNION

PLYMOUTH, MN

7,967 apps 4,994 originated 19.9% denied

WINGS FINANCIAL CREDIT UNION

APPLE VALLEY, MN

5,854 apps 2,938 originated 17.2% denied

Affinity Plus Federal Credit Union

Saint Paul, MN

5,230 apps 3,603 originated 14.8% denied

BLAZE CREDIT UNION

FALCON HEIGHTS, MN

4,177 apps 2,311 originated 11.6% denied
Compare Northern State Bank vs Luminate Home Loans, Inc. →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did Northern State Bank process?
Northern State Bank processed 139 mortgage applications in the 2023 HMDA reporting year. Of these, 107 were originated (approved and funded), 16 were withdrawn by the applicant, and 13 were denied.
What is Northern State Bank's mortgage approval rate?
Northern State Bank has an approval (origination) rate of 77.0%, meaning 77.0% of all applications resulted in a funded mortgage. The denial rate is 9.3%.
What is the average loan amount at Northern State Bank?
The average mortgage loan amount at Northern State Bank is $129,388.
What types of mortgage loans does Northern State Bank offer?
Northern State Bank processes Conventional loans. The most common type is Conventional with 139 applications and an average loan amount of $129,388.
What loan purposes does Northern State Bank serve?
Northern State Bank serves the following loan purposes: Home Purchase (71 applications), Refinancing (29 applications), Home Improvement (23 applications), Other (16 applications). Home Purchase is the most common purpose.
Where is Northern State Bank located?
Northern State Bank is headquartered in Aurora, MN. The lender is identified by LEI 254900X5QCTPBYKG4S42 in HMDA data.
How does Northern State Bank compare in lending across racial demographics?
Northern State Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 76.0% and denial rate of 9.9%; American Indian or Alaska Native applicants have an approval rate of 50.0% and denial rate of 0.0%; Black or African American applicants have an approval rate of 100.0% and denial rate of 0.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology — how this data is sourced, computed, and verified.