Largest lenders in Houston County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | ALTRA Federal Credit Union | B | 180 | 147 | 6.7% | 6.50% |
| 2 | Merchants Bank | A | 64 | 59 | 4.7% | 6.53% |
| 3 | ESB Bank | – | 42 | 41 | 0.0% | — |
| 4 | U.S. Bank | D | 15 | 10 | 20.0% | 6.75% |
| 5 | United Shore Financial Services | B | 15 | 11 | 6.7% | 6.12% |
| 6 | Marine Credit Union | F | 15 | 6 | 33.3% | 8.51% |
| 7 | BMO Bank | F | 15 | 9 | 20.0% | 8.05% |
| 8 | Rocket Mortgage | C | 13 | 10 | 7.7% | 6.50% |
| 9 | Alerus Financial | B | 13 | 6 | 7.7% | 6.88% |
| 10 | Servion | B | 10 | 10 | 0.0% | 6.63% |
| 11 | State Bank Financial | – | 8 | 8 | 0.0% | — |
| 12 | Bell Bank | A | 7 | 5 | 28.6% | 5.99% |
| 13 | Union Home Mortgage | B | 7 | 5 | 0.0% | 6.75% |
| 14 | Old National Bank | B | 5 | 5 | 0.0% | 6.50% |
Best approval odds in Houston County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Merchants Bank | 62 | 4.8% |
| 2 | ALTRA Federal Credit Union | 164 | 7.3% |
What Houston County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Houston County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 498 | 373 | 10.0% | 6.79% | $145,000 |
| 2024 | 502 | 354 | 9.4% | 6.70% | $150,000 |
| 2025 | 550 | 423 | 8.0% | 6.53% | $165,000 |
Frequently asked questions
8.0% of applications in Houston County were denied in 2025, against 13.6% statewide in Minnesota.
ALTRA Federal Credit Union, with 180 applications in 2025 and a denial rate of 6.7%.
The median mortgage application in Houston County in 2025 was for $165,000; the median property value on originated loans was $295,000.