Largest lenders in Douglas County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Bell Bank | A | 173 | 127 | 8.7% | 6.97% |
| 2 | United Shore Financial Services | B | 55 | 39 | 16.4% | 6.25% |
| 3 | Gate City Bank | C | 54 | 44 | 9.3% | 7.00% |
| 4 | Rocket Mortgage | C | 51 | 39 | 11.8% | 6.63% |
| 5 | Old National Bank | B | 48 | 34 | 4.2% | 7.34% |
| 6 | U.S. Bank | D | 47 | 25 | 23.4% | 7.13% |
| 7 | Affinity Plus | C | 45 | 35 | 13.3% | 6.75% |
| 8 | Triad Financial Services | D | 32 | 2 | 71.9% | 10.08% |
| 9 | First Western Bank & Trust | B | 31 | 23 | 0.0% | 6.63% |
| 10 | Iowa Bankers Mortgage | B | 29 | 27 | 0.0% | 6.38% |
| 11 | Bremer Bank | B | 28 | 21 | 14.3% | 8.80% |
| 12 | Magnifi Financial Credit Union | B | 24 | 20 | 0.0% | 6.00% |
| 13 | Premier Mortgage Resources | B | 22 | 20 | 0.0% | 6.44% |
| 14 | Freedom Mortgage | B | 21 | 4 | 19.1% | 6.19% |
| 15 | Pennymac Loan Services | C | 20 | 10 | 5.0% | 6.31% |
| 16 | Plaza Home Mortgage | C | 18 | 13 | 5.6% | 6.38% |
| 17 | Mortgage Research Center | C | 18 | 12 | 11.1% | 6.25% |
| 18 | Truist Bank | C | 15 | 14 | 0.0% | 6.49% |
| 19 | Homeowners Financial Group USA | B | 15 | 12 | 0.0% | 6.94% |
| 20 | Trustone Financial Credit Union | C | 15 | 12 | 6.7% | 6.56% |
| 21 | Neighborhood National Bank | – | 14 | 7 | 7.1% | — |
| 22 | Merchants Bank | A | 13 | 11 | 0.0% | 6.40% |
| 23 | American National Bank of Minnesota | A | 13 | 12 | 7.7% | — |
| 24 | Broker Solutions | D | 13 | 4 | 7.7% | 6.93% |
| 25 | Wells Fargo Bank | B | 12 | 9 | 8.3% | 6.00% |
Best approval odds in Douglas County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Bell Bank | 147 | 10.2% |
What Douglas County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Douglas County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 888 | 651 | 12.8% | 7.00% | $165,000 |
| 2024 | 1,006 | 728 | 11.2% | 6.99% | $185,000 |
| 2025 | 1,188 | 798 | 11.9% | 6.63% | $215,000 |
Frequently asked questions
11.9% of applications in Douglas County were denied in 2025, against 13.6% statewide in Minnesota.
Bell Bank, with 173 applications in 2025 and a denial rate of 8.7%.
The median mortgage application in Douglas County in 2025 was for $215,000; the median property value on originated loans was $375,000.