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Fillmore County, Minnesota · 2025

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

103 lenders acted on 633 mortgage applications for properties in Fillmore County in 2025. 14.5% were denied (Minnesota: 13.6%). Median rate on closed loans 6.63%; median loan $145,000; median property value $265,000.

633Applications
14.5%Denial ratestate 13.6%
6.63%Median ratestate 6.63%
$145,000Median loan
$265,000Median property value

Largest lenders in Fillmore County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Merchants Bank A 8063 5.0%5.99%
2 United Shore Financial Services B 4029 10.0%6.38%
3 F & M Community Bank – 4036 2.5%—
4 Alerus Financial B 3834 2.6%6.75%
5 Rocket Mortgage C 2916 34.5%6.56%
6 ALTRA Federal Credit Union B 2721 14.8%6.80%
7 Marine Credit Union F 238 43.5%7.50%
8 Compeer Financial, Flca C 2116 4.8%7.48%
9 BMO Bank F 1911 26.3%9.62%
10 Guaranteed Rate B 1511 13.3%6.43%
11 U.S. Bank D 149 28.6%6.49%
12 Bell Bank A 1413 0.0%5.99%
13 Affinity Plus C 1310 23.1%6.75%
14 Minnwest Bank C 125 33.3%7.65%
15 Mortgage Research Center C 118 9.1%5.99%
16 Loandepot.Com D 119 18.2%6.75%
17 Think Mutual Bank C 119 0.0%6.69%
18 Broker Solutions D 105 10.0%6.25%
19 First National Bank – 106 40.0%—
20 Mayo Employees Federal Credit Union C 92 44.4%6.92%
21 Old National Bank B 97 22.2%6.50%
22 Coastal Community Bank C 93 0.0%8.74%
23 Nationstar Mortgage C 85 12.5%7.49%
24 Prosperity Home Mortgage A 76 0.0%6.63%
25 Navy Federal Credit Union D 72 28.6%7.94%

Best approval odds in Fillmore County

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

#LenderDecidedDecision denial rate
1Merchants Bank676.0%

What Fillmore County borrowers applied for

By loan purpose

Home purchase 271 43% · 5.2% denied
Refinance 76 12% · 15.8% denied
Cash-out refinance 121 19% · 27.3% denied
Home improvement 73 12% · 21.9% denied
Other / HELOC 92 15% · 18.5% denied

By loan type

Conventional 531 84% · 13.8% denied
FHA 64 10% · 26.6% denied
VA 31 5% · 3.2% denied
USDA / RHS 7 1% · 14.3% denied

Why applications were denied

Debt-to-income ratio 27 29%
Credit history 25 27%
Collateral 20 22%
Incomplete application 9 10%
Other 6 7%
Insufficient cash 2 2%
Unverifiable information 2 2%
Employment history 1 1%

Fillmore County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202354237114.4%6.75%$125,000
202456539014.3%6.88%$125,000
202563343814.5%6.63%$145,000

Frequently asked questions

14.5% of applications in Fillmore County were denied in 2025, against 13.6% statewide in Minnesota.

Merchants Bank, with 80 applications in 2025 and a denial rate of 5.0%.

The median mortgage application in Fillmore County in 2025 was for $145,000; the median property value on originated loans was $265,000.