Park State Bank mortgage approval rate & lending review
Park State Bank decided 404 mortgage applications and funded 337 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Park State Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Park State Bank at a glance
Approval is 1.8 points above the 82.9% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 80% | 160 / 201 | 100% | $215K | 160 |
| Cash-out refinance | 86% | 24 / 28 | 100% | $145K | 24 |
| Refinance | 79% | 22 / 28 | 91% | $95K | 20 |
| Investment property purchase | 98% | 97 / 99 | 97% | $225K | 94 |
Park State Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Minnesota | 85% | $185K | 393 | 329 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Park State Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| St. Louis County, MN | Mortgage lenders | 82% | 146 | 119 |
| St. Louis County, MN | Investment property purchase | 95% | 40 | 38 |
| Hennepin County, MN | Investment property purchase | 100% | 28 | 26 |
| St. Louis County, MN | Cash-out refinance | 88% | 24 | 21 |
| St. Louis County, MN | Home improvement loans | 74% | 23 | 17 |
| St. Louis County, MN | Refinance | 83% | 23 | 17 |
The county markets where Park State Bank made the most loans. Each link opens that market with every lender ranked.
Questions about Park State Bank
What is Park State Bank's mortgage approval rate?
Park State Bank approved 84.7% of the 404 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 1.8 points above the 82.9% national rate for the same mix of loan types.
How often do borrowers take the loan Park State Bank offers?
Borrowers accepted 99% of the loans Park State Bank approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Park State Bank make?
The typical home purchase mortgage loan Park State Bank made was $215K; across all loan types its typical loan ran from $95K to $225K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Park State Bank lend?
Park State Bank decided applications in 6 of the states Fat Boy Data covers, most of them in Minnesota, Arizona and Florida.
Can I apply to Park State Bank directly?
Yes. Park State Bank is a bank or credit union with 17 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Park State Bank's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Park State Bank treats applications, then get a rate quote from the lender.