The First National Bank of Moose Lake · Minnesota · 2025

The First National Bank of Moose Lake in Minnesota: approval rate, denial rate and rates (2025)

The First National Bank of Moose Lake took 70 mortgage applications in Minnesota in 2025, ranking #246 of 870 lenders active in the state. It originated 64.3% of them and denied 15.7% (16.7% of the applications it decided), against a statewide denial rate of 13.6%.

70Applicationsin MN
16.7%Decision denial ratestate 16.4%
Median ratestate 6.63%
$220,000Median loanstate $215,000
$13MVolume14 counties

The First National Bank of Moose Lake in Minnesota vs the state

15.7%Denial rate+2.11 pts vs state
16.7%Decision denial rate+0.32 pts vs state
64.3%Origination rate-2.08 pts vs state
Median rate
Rate spread (pts)
$94kMedian applicant income
45Loans originated
11Denied

Trend in Minnesota

YearApplicationsOriginatedDenial rateMedian rateRank in state
202378567.7%#218
2024725213.9%#229
2025704515.7%#246

What The First National Bank of Moose Lake lends in Minnesota

By loan purpose

Home purchase 58 83% · 17.2% denied
Refinance 9 13% · 11.1% denied
Home improvement 1 1% · 0.0% denied
Other / HELOC 2 3% · 0.0% denied

By loan type

Conventional 70 100% · 15.7% denied

Why it denied Minnesota applicants

Debt-to-income ratio 6 55%
Credit history 4 36%
Insufficient cash 1 9%

Where in Minnesota

Counties with the most The First National Bank of Moose Lake applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Carlton County 17152 11.8%
Pine County 16102 12.5%
Hennepin County 1243 25.0%
Ramsey County 850 0.0%
Anoka County 541 20.0%
St. Louis County 320 0.0%
Wright County 211 50.0%
Aitkin County 101 100.0%
McLeod County 100 0.0%
Mahnomen County 101 100.0%

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: 70 applications in 2025, of which 45 were originated and 11 denied.

15.7% of all applications, or 16.7% 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 The First National Bank of Moose Lake'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