Flanagan State Bank · Minnesota · 2025

Flanagan State Bank in Minnesota: approval rate, denial rate and rates (2025)

Flanagan State Bank took 27 mortgage applications in Minnesota in 2025, ranking #360 of 870 lenders active in the state. It originated 77.8% of them and denied 14.8% (16.0% of the applications it decided), against a statewide denial rate of 13.6%.

27Applicationsin MN
16.0%Decision denial ratestate 16.4%
6.50%Median ratestate 6.63%
$145,000Median loanstate $215,000
$3.2MVolume11 counties

Flanagan State Bank in Minnesota vs the state

14.8%Denial rate+1.21 pts vs state
16.0%Decision denial rate-0.35 pts vs state
77.8%Origination rate+11.41 pts vs state
6.50%Median rate-0.13 pts vs state
0.38Rate spread (pts)+0.13 pts vs state
$77kMedian applicant income
21Loans originated
4Denied

Trend in Minnesota

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023990.0%6.63%#459
202424220.0%6.63%#369
2025272114.8%6.50%#360

What Flanagan State Bank lends in Minnesota

By loan purpose

Home purchase 26 96% · 15.4% denied
Cash-out refinance 1 4% · 0.0% denied

By loan type

Conventional 9 33% · 0.0% denied
FHA 4 15% · 25.0% denied
USDA / RHS 14 52% · 21.4% denied

Why it denied Minnesota applicants

Credit history 2 50%
Other 1 25%
Debt-to-income ratio 1 25%

Where in Minnesota

Counties with the most Flanagan State Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Jackson County 14111 7.1%
Cottonwood County 220 0.0%
Watonwan County 211 50.0%
Nobles County 220 0.0%
Lyon County 110 0.0%
Martin County 110 0.0%
Washington County 101 100.0%
Faribault County 110 0.0%
Murray County 101 100.0%
Blue Earth County 110 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: 27 applications in 2025, of which 21 were originated and 4 denied.

14.8% of all applications, or 16.0% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.

The median rate on loans Flanagan State Bank originated in Minnesota in 2025 was 6.50%, against a statewide median of 6.63%.

About this data. Figures are Flanagan State 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