St. Cloud Mortgage Lending in 2025

Explore mortgage lending activity in St. Cloud (MSA/MD Code 41060) using official HMDA public records. Review underwriting outcomes, borrower characteristics, and regional lending benchmarks.

Source: Federal Financial Institutions Examination Council (FFIEC) / Consumer Financial Protection Bureau (CFPB) • Dataset: 2025 Snapshot National Loan-Level Dataset • Updated: June 2, 2026 • Methodology →
Metropolitan Area 41060
2,422 Loans Originated
• Primary State: Minnesota (MN)
• $643.69 Million Originated Volume
• $245,000 Median Loan
Actionable Applications 2,900 +12.40% vs 2024
Approval Rate 87.21% +0.47 pp vs 2024
Denial Rate 12.79% -0.47 pp vs 2024
Loan Originations 2,422 +11.97% vs 2024
Originated Volume $643.69 Million +18.41% vs 2024

Credit Decision Outcomes (2025)

Outcomes for 2,900 actionable applications (Actions 1, 2, and 3).

87.21%
12.79%
2,529 approved 371 denied
Action 1: Originated
2,422 (83.52%)
Action 2: Approved not accepted
107 (3.69%)
Action 3: Denied
371 (12.79%)
Action 4: Withdrawn (not in denominator)
469 —
Action 5: Incomplete (not in denominator)
121 —
How to read this: Approval rate uses Actions 1, 2, and 3. Actions 4 and 5 are excluded from the credit decision denominator. Read the full methodology →

How St. Cloud Compares

Metro vs. State Baseline (2025)

Metric St. Cloud Minnesota
Actionable Apps 2,900 86,487
Approval Rate 87.21% 87.78%
Denial Rate 12.79% 12.22%
Originations 2,422 73,371
Originated Volume $643.69 Million $24.55 Billion
Median Loan $245,000 $305,000
Compared against Minnesota statewide baseline in 2025.

Lending Trends in St. Cloud

Year-over-year shifts: 2025 vs. 2024

Metric 2024 2025 Change
Consumer Universe 3,013 3,490 +15.83%
Actionable Apps 2,580 2,900 +12.40%
Originations 2,163 2,422 +11.97%
Approval Rate 86.74% 87.21% +0.47 pp
Denial Rate 13.26% 12.79% -0.47 pp
Median Loan $235,000 $245,000 +4.26%
Dollar Volume $543.62 Million $643.69 Million +18.41%

Applications by Borrower Income (St. Cloud)

Approval and denial rates across gross annual income tiers (2025)

Income Bracket Apps Approval % Denial %
$100k–$149,999 612 92.32% 7.68%
$150k+ 427 95.55% 4.45%
$50k–$99,999 1,363 88.19% 11.81%
<$50k 346 64.45% 35.55%
Income unavailable/entity 152 86.18% 13.82%
Gross annual borrower income relied upon during credit underwriting. Descriptive figures only; does not establish causation.

Geographic Market Context

Regional integration within Minnesota (2025)

Official Geographic Designation: Metropolitan Statistical Area / Division 41060, anchored in Minnesota (MN).
Metro Share of State Apps 3.35%
Metro Share of State Volume 2.62%
Geographic Notice: OpenFileData reports verified OMB-designated metropolitan boundaries. Detailed county-level vector choropleths are omitted unless authoritative polygon geometries and county-level consumer records are officially available, preventing data fabrication.

Parent State Association

Explore Minnesota statewide mortgage activity

St. Cloud is part of OpenFileData’s statewide coverage of Minnesota. View statewide approval benchmarks, metropolitan rankings, and institution profiles across all reporting jurisdictions.

Minnesota Statewide Overview Active Profile
Statewide Actionable Applications: 86,487
Explore Minnesota State Profile →

Methodology

Learn how HMDA credit outcomes, action codes, and consumer filters are computed.

Read Methodology →

Minnesota Profile

Compare all metropolitan areas located in Minnesota.

View State Page →

Download Data

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Methodology & Disclosures

Credit Decision Denominator Rule: Approval and denial rates are calculated strictly among actionable applications reaching a formal credit underwriting decision (Actions 1, 2, and 3: loan originated, approved but not accepted, denied). Applications withdrawn by borrower (Action 4) and closed for incompleteness (Action 5) are tracked in the broader Consumer Mortgage Universe for market completeness but excluded from credit decision rates as no underwriting decision occurred.

Official Data Source & Freeze Date: Official Home Mortgage Disclosure Act (HMDA) records published by the Federal Financial Institutions Examination Council (FFIEC) and Consumer Financial Protection Bureau (CFPB). Primary analysis uses the 2025 Snapshot National Loan-Level Dataset (frozen June 2, 2026); historical baseline uses the 2024 One-Year National Loan-Level Dataset (frozen June 2, 2026).

Public Interest Commitment: OpenFileData does not sell mortgage leads, lender placements, paid rankings, or individualized mortgage recommendations.

For complete technical formulas, SQL implementations, and data definitions, read the full Mortgage Lending Methodology Specification.