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Northern State Bank of Virginia

Virginia, MN

Northern State Bank of Virginia processed 16 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 15 loans with a 0.0% denial rate. Home Purchase was the primary loan purpose. Based in Virginia, MN. The approval rate of 93.8% reflects originated loans as a share of all applications.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness.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 of Virginia's 93.8% origination rate tells you how often an application turned into funded money; the 0.0% denial rate is a separate read on underwriting strictness. Most activity concentrated in Conventional loans (16 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.

16
Applications
15
Originated
0.0%
Denial Rate
$215,000
Avg Loan Amount

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 16 15 0 $215,000

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Northern State Bank of Virginia (LEI: 254900FKD0CVFUC78457) · 2024 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 Approval rates exclude withdrawn / incomplete applications.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 14 13 $222,857
Other 2 2 $160,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White * 7 100.0% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

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 * 7 100.0% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

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 of Virginia vs Luminate Home Loans, Inc. →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Northern State Bank of Virginia process?
Northern State Bank of Virginia processed 16 mortgage applications in the 2024 HMDA reporting year. Of these, 15 were originated (approved and funded), and 0 were denied.
What is Northern State Bank of Virginia's mortgage approval rate?
Northern State Bank of Virginia has an approval (origination) rate of 93.8%, meaning 93.8% of all applications resulted in a funded mortgage. The denial rate is 0.0%.
What is the average loan amount at Northern State Bank of Virginia?
The average mortgage loan amount at Northern State Bank of Virginia is $215,000.
What types of mortgage loans does Northern State Bank of Virginia offer?
Northern State Bank of Virginia processes Conventional loans. The most common type is Conventional with 16 applications and an average loan amount of $215,000.
What loan purposes does Northern State Bank of Virginia serve?
Northern State Bank of Virginia serves the following loan purposes: Home Purchase (14 applications), Other (2 applications). Home Purchase is the most common purpose.
Where is Northern State Bank of Virginia located?
Northern State Bank of Virginia is headquartered in Virginia, MN. The lender is identified by LEI 254900FKD0CVFUC78457 in HMDA data.
How does Northern State Bank of Virginia compare in lending across racial demographics?
Northern State Bank of Virginia reports demographic lending data under HMDA requirements. White 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.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.