Frandsen Bank & Trust in Minnesota vs the state
6.3%Denial rate-7.27 pts vs state
7.5%Decision denial rate-8.86 pts vs state
77.8%Origination rate+11.39 pts vs state
6.75%Median rate+0.13 pts vs state
0.12Rate spread (pts)-0.13 pts vs state
$114kMedian applicant income
958Loans originated
78Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,201 | 969 | 5.8% | 6.91% | #31 |
| 2024 | 1,168 | 882 | 7.5% | 6.88% | #33 |
| 2025 | 1,232 | 958 | 6.3% | 6.75% | #33 |
What Frandsen Bank & Trust lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Frandsen Bank & Trust applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| St. Louis County | 211 | 155 | 10 | 4.7% |
| Hennepin County | 79 | 57 | 5 | 6.3% |
| Crow Wing County | 60 | 49 | 3 | 5.0% |
| Goodhue County | 58 | 47 | 5 | 8.6% |
| Olmsted County | 57 | 50 | 1 | 1.8% |
| Rice County | 51 | 37 | 5 | 9.8% |
| Scott County | 50 | 42 | 5 | 10.0% |
| Carlton County | 47 | 36 | 5 | 10.6% |
| Brown County | 46 | 41 | 1 | 2.2% |
| Le Sueur County | 45 | 35 | 6 | 13.3% |
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: 1,232 applications in 2025, of which 958 were originated and 78 denied.
6.3% of all applications, or 7.5% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Frandsen Bank & Trust originated in Minnesota in 2025 was 6.75%, against a statewide median of 6.63%.
About this data. Figures are Frandsen Bank & Trust'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