Vermillion State Bank mortgage approval rate & lending review
Vermillion State Bank decided 267 mortgage applications and funded 265 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Vermillion State Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Vermillion State Bank at a glance
Approval is 19.2 points above the 80.1% 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 | 100% | 80 / 80 | 100% | $275K | 80 |
| Refinance | 100% | 119 / 119 | 100% | $95K | 119 |
| Investment property purchase | 100% | 33 / 33 | 100% | $215K | 33 |
Vermillion State Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Minnesota | 99% | $215K | 267 | 265 |
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 Vermillion State Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Dakota County, MN | Refinance | 100% | 89 | 89 |
| Dakota County, MN | Mortgage lenders | 100% | 62 | 62 |
| Dakota County, MN | Investment property purchase | 100% | 22 | 22 |
The county markets where Vermillion State Bank made the most loans. Each link opens that market with every lender ranked.
Questions about Vermillion State Bank
What is Vermillion State Bank's mortgage approval rate?
Vermillion State Bank approved 99.3% of the 267 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 19.2 points above the 80.1% national rate for the same mix of loan types.
How often do borrowers take the loan Vermillion State Bank offers?
Borrowers accepted 100% of the loans Vermillion State Bank approved, against 93% for all mortgage refinance lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Vermillion State Bank make?
The typical mortgage refinance loan Vermillion State Bank made was $95K; across all loan types its typical loan ran from $95K to $275K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Vermillion State Bank lend?
Vermillion State Bank decided applications in 1 of the states Fat Boy Data covers, most of them in Minnesota.
Can I apply to Vermillion State Bank directly?
Yes. Vermillion State Bank is a bank or credit union with 6 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Vermillion 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 Vermillion State Bank treats applications, then get a rate quote from the lender.