Largest lenders in Freeborn County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Alerus Financial | B | 84 | 60 | 10.7% | 7.25% |
| 2 | Union Home Mortgage | B | 73 | 63 | 0.0% | 6.56% |
| 3 | Rocket Mortgage | C | 61 | 41 | 19.7% | 6.63% |
| 4 | U.S. Bank | D | 50 | 22 | 36.0% | 7.73% |
| 5 | United Shore Financial Services | B | 50 | 29 | 16.0% | 6.39% |
| 6 | Fairway Independent Mortgage | B | 42 | 39 | 4.8% | 6.75% |
| 7 | Mortgage Research Center | C | 23 | 14 | 21.7% | 6.56% |
| 8 | Crosscountry Mortgage | B | 21 | 17 | 4.8% | 6.88% |
| 9 | 21st Mortgage | F | 19 | 6 | 36.8% | 11.29% |
| 10 | Manufacturers Bank & Trust | A | 19 | 19 | 0.0% | — |
| 11 | Loandepot.Com | D | 16 | 9 | 37.5% | 6.69% |
| 12 | Broker Solutions | D | 14 | 5 | 7.1% | 7.38% |
| 13 | Wells Fargo Bank | B | 13 | 9 | 7.7% | 6.00% |
| 14 | Nationstar Mortgage | C | 13 | 7 | 0.0% | 7.75% |
| 15 | Guaranteed Rate | B | 12 | 7 | 8.3% | 6.23% |
| 16 | Newrez | D | 12 | 5 | 33.3% | 6.75% |
| 17 | Compeer Financial, Flca | C | 12 | 7 | 8.3% | 7.05% |
| 18 | Citizens Community Federal | B | 11 | 9 | 9.1% | 6.63% |
| 19 | Affinity Plus | C | 11 | 6 | 27.3% | 6.75% |
| 20 | Pennymac Loan Services | C | 10 | 6 | 10.0% | 6.50% |
| 21 | AmeriSave Mortgage | D | 10 | 3 | 40.0% | 6.13% |
| 22 | Movement Mortgage | A | 10 | 5 | 20.0% | 6.75% |
| 23 | Coastal Community Bank | C | 10 | 2 | 0.0% | 10.37% |
| 24 | Figure Lending | C | 9 | 2 | 77.8% | 10.85% |
| 25 | Blaze Credit Union | B | 8 | 7 | 0.0% | 5.75% |
Best approval odds in Freeborn County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Union Home Mortgage | 63 | 0.0% |
| 2 | Alerus Financial | 76 | 11.8% |
| 3 | Rocket Mortgage | 54 | 22.2% |
What Freeborn County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Freeborn County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 703 | 426 | 18.6% | 6.75% | $105,000 |
| 2024 | 740 | 464 | 14.7% | 6.99% | $115,000 |
| 2025 | 858 | 529 | 16.2% | 6.75% | $125,000 |
Frequently asked questions
16.2% of applications in Freeborn County were denied in 2025, against 13.6% statewide in Minnesota.
Alerus Financial, with 84 applications in 2025 and a denial rate of 10.7%.
The median mortgage application in Freeborn County in 2025 was for $125,000; the median property value on originated loans was $195,000.