# Cornerstone State Bank

> **Canonical URL:** https://saferate.com/lenders/cornerstone-state-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Cornerstone State Bank is a bank, headquartered in Montgomery, MN, with 35 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 49% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 58% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 5493001DKNDZW3UIWI38
- **Headquarters:** Montgomery, MN
- **Geographic Reach:** Single State
- **States Served:** 1
- **State List:** MN
- **Markets (MSAs):** 1
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 51/100
- Rating: ●●●○○ (3/5)

### Pull Through: Sound ☺️
- Score: 42/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** -0.389%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,355
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 35
- **Dollar Volume:** $11 million
- **Applications Received:** 40
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $317,000
- **Average Borrower Income:** $160,000
- **Average Property Value:** $501,000

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 17/100 | 33 | -0.331% | $2,438 | Mediocre 😐 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 27 loans, Score: 19/100 (Mediocre)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 20/100 | 28 | $9M | -0.264% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MN | 35 | 0.05% | 61/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Minneapolis | MN-WI | 14 | 51/100 |

## Frequently Asked Questions

### What loan types does Cornerstone State Bank offer?

Cornerstone State Bank offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Cornerstone State Bank offer mortgages?

Cornerstone State Bank offers mortgages in 1 states: MN.

### How competitive are Cornerstone State Bank's mortgage rates?

Cornerstone State Bank has a pricing score of 51/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.389% below market average.

### What type of lender is Cornerstone State Bank?

Cornerstone State Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Montgomery, MN.

### What is Cornerstone State Bank's loan approval success rate?

Cornerstone State Bank has a pull-through score of 42/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/cornerstone-state-bank

### How to Cite

> "Cornerstone State Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/cornerstone-state-bank

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