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Crow Wing County, Minnesota · 2025

Mortgage lenders in Crow Wing County, MN: denial rates and top lenders (2025)

242 lenders acted on 2,652 mortgage applications for properties in Crow Wing County in 2025. 13.1% were denied (Minnesota: 13.6%). Median rate on closed loans 6.63%; median loan $215,000; median property value $385,000.

2.7kApplications
13.1%Denial ratestate 13.6%
6.63%Median ratestate 6.63%
$215,000Median loan
$385,000Median property value

Largest lenders in Crow Wing County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Deerwood Bank A 191158 4.7%7.25%
2 U.S. Bank D 13471 29.1%6.75%
3 Rocket Mortgage C 12387 17.9%6.50%
4 Affinity Plus C 11278 8.9%6.50%
5 Granite Bank B 9375 1.1%6.63%
6 First Western Bank & Trust B 8566 8.2%6.56%
7 United Shore Financial Services B 8259 12.2%6.12%
8 Wings Financial Credit Union A 6142 14.8%6.63%
9 Frandsen Bank & Trust B 6049 5.0%7.00%
10 National Bank of Commerce B 5853 1.7%6.88%
11 21st Mortgage F 4911 59.2%9.84%
12 Mortgage Research Center C 4923 18.4%6.25%
13 Old National Bank B 4842 8.3%6.80%
14 Plaza Home Mortgage C 4736 10.6%6.19%
15 Bell Bank A 4636 2.2%6.87%
16 Luminate Bank B 4531 0.0%6.88%
17 Broker Solutions D 4425 9.1%6.88%
18 Newrez D 4012 15.0%6.93%
19 American National Bank of Minnesota A 3938 0.0%—
20 Crosscountry Mortgage B 3824 5.3%6.85%
21 Trustone Financial Credit Union C 3826 29.0%7.25%
22 Fairway Independent Mortgage B 3630 0.0%6.63%
23 Prosperity Home Mortgage A 3633 0.0%6.75%
24 Pennymac Loan Services C 3517 17.1%6.38%
25 Wells Fargo Bank B 3220 3.1%6.75%

Best approval odds in Crow Wing County

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

#LenderDecidedDecision denial rate
1Granite Bank771.3%
2National Bank of Commerce561.8%
3Deerwood Bank1715.3%
4Frandsen Bank & Trust525.8%
5First Western Bank & Trust749.5%
6Affinity Plus9111.0%
7United Shore Financial Services6914.5%
8Wings Financial Credit Union5516.4%
9Rocket Mortgage11319.5%
10U.S. Bank11234.8%

What Crow Wing County borrowers applied for

By loan purpose

Home purchase 1,281 48% · 7.3% denied
Refinance 431 16% · 12.8% denied
Cash-out refinance 436 16% · 20.9% denied
Home improvement 215 8% · 17.2% denied
Other / HELOC 289 11% · 24.2% denied

By loan type

Conventional 2,168 82% · 12.2% denied
FHA 262 10% · 20.6% denied
VA 201 8% · 12.4% denied
USDA / RHS 21 1% · 19.1% denied

Why applications were denied

Debt-to-income ratio 100 29%
Credit history 90 26%
Collateral 72 21%
Incomplete application 41 12%
Other 19 6%
Unverifiable information 14 4%
Insufficient cash 4 1%
Employment history 3 1%

Crow Wing County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20231,9991,43910.2%6.99%$185,000
20242,3091,63412.5%6.99%$205,000
20252,6521,78613.1%6.63%$215,000

Frequently asked questions

13.1% of applications in Crow Wing County were denied in 2025, against 13.6% statewide in Minnesota.

Deerwood Bank, with 191 applications in 2025 and a denial rate of 4.7%.

The median mortgage application in Crow Wing County in 2025 was for $215,000; the median property value on originated loans was $385,000.