Farm Credit Mid-America · Minnesota · 2025

Farm Credit Mid-America in Minnesota: approval rate, denial rate and rates (2025)

Farm Credit Mid-America took 32 mortgage applications in Minnesota in 2025, ranking #337 of 870 lenders active in the state. It originated 62.5% of them and denied 12.5% (15.4% of the applications it decided), against a statewide denial rate of 13.6%.

32Applicationsin MN
15.4%Decision denial ratestate 16.4%
6.69%Median ratestate 6.63%
$250,000Median loanstate $215,000
$6.3MVolume19 counties

Farm Credit Mid-America in Minnesota vs the state

12.5%Denial rate-1.10 pts vs state
15.4%Decision denial rate-0.97 pts vs state
62.5%Origination rate-3.87 pts vs state
6.69%Median rate+0.06 pts vs state
0.54Rate spread (pts)+0.29 pts vs state
$122kMedian applicant income
20Loans originated
4Denied

What Farm Credit Mid-America lends in Minnesota

By loan purpose

Home purchase 27 84% · 11.1% denied
Refinance 2 6% · 0.0% denied
Other / HELOC 3 9% · 33.3% denied

By loan type

Conventional 32 100% · 12.5% denied

Why it denied Minnesota applicants

Debt-to-income ratio 4 100%

Where in Minnesota

Counties with the most Farm Credit Mid-America applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Otter Tail County 421 25.0%
Stevens County 330 0.0%
Polk County 321 33.3%
Big Stone County 320 0.0%
Swift County 211 50.0%
Pope County 210 0.0%
Norman County 211 50.0%
Mahnomen County 210 0.0%
Lac qui Parle County 110 0.0%
Stearns County 100 0.0%

Other large lenders in Minnesota

LenderGradeApplicationsDenial rateMedian rate
United Shore Financial ServicesB 8,69410.6%6.38%
U.S. BankD 8,62430.4%7.88%
Bell BankA 7,9875.3%6.63%
Rocket MortgageC 7,63016.3%6.63%
Trustone Financial Credit UnionC 6,06620.0%7.25%
Affinity PlusC 5,43814.6%6.63%
Blaze Credit UnionB 4,07412.3%6.38%
Wings Financial Credit UnionA 3,96016.4%7.25%
Crosscountry MortgageB 3,9422.1%6.63%
Fairway Independent MortgageB 3,3273.2%6.75%

Frequently asked questions

Minnesota: 32 applications in 2025, of which 20 were originated and 4 denied.

12.5% of all applications, or 15.4% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.

The median rate on loans Farm Credit Mid-America originated in Minnesota in 2025 was 6.69%, against a statewide median of 6.63%.

About this data. Figures are Farm Credit Mid-America'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