American Federal Bank in Minnesota vs the state
11.3%Denial rate-2.35 pts vs state
12.1%Decision denial rate-4.27 pts vs state
76.9%Origination rate+10.51 pts vs state
—Median rate
—Rate spread (pts)
$105kMedian applicant income
123Loans originated
18Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 156 | 125 | 10.3% | — | #137 |
| 2024 | 144 | 106 | 8.3% | — | #154 |
| 2025 | 160 | 123 | 11.3% | — | #156 |
What American Federal Bank lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most American Federal Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Otter Tail County | 45 | 35 | 5 | 11.1% |
| Polk County | 29 | 21 | 4 | 13.8% |
| Clay County | 23 | 22 | 0 | 0.0% |
| Marshall County | 11 | 6 | 3 | 27.3% |
| Kittson County | 11 | 8 | 2 | 18.2% |
| Becker County | 6 | 5 | 0 | 0.0% |
| Clearwater County | 5 | 5 | 0 | 0.0% |
| Crow Wing County | 4 | 2 | 0 | 0.0% |
| Wilkin County | 3 | 3 | 0 | 0.0% |
| Norman County | 3 | 3 | 0 | 0.0% |
Other large lenders in Minnesota
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 8,694 | 10.6% | 6.38% |
| U.S. Bank | D | 8,624 | 30.4% | 7.88% |
| Bell Bank | A | 7,987 | 5.3% | 6.63% |
| Rocket Mortgage | C | 7,630 | 16.3% | 6.63% |
| Trustone Financial Credit Union | C | 6,066 | 20.0% | 7.25% |
| Affinity Plus | C | 5,438 | 14.6% | 6.63% |
| Blaze Credit Union | B | 4,074 | 12.3% | 6.38% |
| Wings Financial Credit Union | A | 3,960 | 16.4% | 7.25% |
| Crosscountry Mortgage | B | 3,942 | 2.1% | 6.63% |
| Fairway Independent Mortgage | B | 3,327 | 3.2% | 6.75% |
Frequently asked questions
Minnesota: 160 applications in 2025, of which 123 were originated and 18 denied.
11.3% of all applications, or 12.1% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).
About this data. Figures are American Federal Bank's own HMDA filing for properties located in Minnesota, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology