Frandsen Bank & Trust at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B grade breaks down
Each component is a percentile rank among 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
57th7.9% deniedPricingmedian rate spread over APOR, weight 30%
73rd0.11 ptsProcesswithdrawn + incomplete share, weight 15%
54th15.9%Closing coststotal loan costs ÷ loan amount, weight 10%
42nd2.50% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,473 | 1,181 | 6.5% | 7.4% | 6.88% | $273M |
| 2024 | 1,414 | 1,065 | 7.9% | 9.4% | 6.88% | $254M |
| 2025 | 1,533 | 1,178 | 6.7% | 7.9% | 6.75% | $298M |
What Frandsen Bank & Trust lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 40 manufactured homes, 183 investment properties.
Why Frandsen Bank & Trust denies applications
Primary reason reported for each of the 102 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Frandsen Bank & Trust
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 130 | 92 | 16.2% |
| $50k – $100k | 434 | 311 | 12.7% |
| $100k – $150k | 350 | 270 | 7.2% |
| $150k – $250k | 278 | 223 | 3.9% |
| Over $250k | 217 | 174 | 2.8% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 78 | 62 | 8.8% |
| 25–34 | 259 | 203 | 6.4% |
| 35–44 | 334 | 245 | 10.8% |
| 45–54 | 295 | 228 | 9.5% |
| 55–64 | 244 | 185 | 8.4% |
| 65–74 | 161 | 123 | 5.3% |
| Over 74 | 58 | 40 | 7.0% |
Where Frandsen Bank & Trust lends
11 states and 129 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Minnesota | 1,232 | 958 | 6.3% | 6.75% | #33 |
| Wisconsin | 214 | 154 | 8.9% | 6.88% | #152 |
| North Dakota | 53 | 40 | 5.7% | 6.63% | #69 |
| Florida | 14 | 12 | 0.0% | 6.61% | #841 |
| South Dakota | 8 | 7 | 0.0% | 6.88% | #149 |
Frequently asked questions
Frandsen Bank & Trust denied 7.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 57th percentile of mid-size mortgage lenders.
The most common reason Frandsen Bank & Trust gave in 2025 was "debt-to-income ratio", cited on 43.9% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Frandsen Bank & Trust originated in 2025 was 6.75%, and its median rate spread over the average prime offer rate was 0.11 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 55% of its applications were for home purchases, 14% for refinancing (including cash-out), and 31% for home improvement or other purposes. By loan type: 99% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.