Largest lenders in Martin County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Iowa Bankers Mortgage | B | 39 | 31 | 18.0% | 6.50% |
| 2 | United Shore Financial Services | B | 36 | 27 | 13.9% | 6.13% |
| 3 | U.S. Bank | D | 29 | 15 | 24.1% | 8.45% |
| 4 | Bank Midwest | B | 24 | 22 | 0.0% | — |
| 5 | Rocket Mortgage | C | 21 | 13 | 19.1% | 6.50% |
| 6 | Compeer Financial, Flca | C | 19 | 16 | 5.3% | 7.13% |
| 7 | Newrez | D | 16 | 7 | 25.0% | 6.50% |
| 8 | Prosperity Home Mortgage | A | 14 | 14 | 0.0% | 7.13% |
| 9 | HomeTown Bank | B | 13 | 10 | 15.4% | 6.44% |
| 10 | Loandepot.Com | D | 12 | 4 | 58.3% | 6.56% |
| 11 | Mortgage Research Center | C | 11 | 5 | 27.3% | 6.50% |
| 12 | Broker Solutions | D | 10 | 5 | 10.0% | 7.25% |
| 13 | AmeriSave Mortgage | D | 8 | 0 | 87.5% | — |
| 14 | Affinity Plus | C | 8 | 5 | 12.5% | 6.50% |
| 15 | Fairway Independent Mortgage | B | 8 | 6 | 0.0% | 7.06% |
| 16 | Pennymac Loan Services | C | 7 | 5 | 14.3% | 6.88% |
| 17 | New Day Financial | F | 7 | 2 | 28.6% | 6.99% |
| 18 | Citizens Community Federal | B | 7 | 3 | 28.6% | 6.63% |
| 19 | Navy Federal Credit Union | D | 7 | 0 | 42.9% | — |
| 20 | Pioneer Bank | B | 7 | 6 | 0.0% | — |
| 21 | Crosscountry Mortgage | B | 6 | 4 | 0.0% | 7.25% |
| 22 | Mutual of Omaha Mortgage | C | 6 | 3 | 0.0% | 6.25% |
| 23 | Plains Commerce Bank | B | 6 | 1 | 16.7% | 6.38% |
| 24 | Plaza Home Mortgage | C | 6 | 6 | 0.0% | 6.43% |
| 25 | Everett Financial | C | 5 | 1 | 0.0% | 6.99% |
What Martin County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Martin County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 357 | 249 | 9.8% | 6.88% | $125,000 |
| 2024 | 440 | 287 | 15.2% | 6.88% | $125,000 |
| 2025 | 473 | 298 | 16.5% | 6.63% | $135,000 |
Frequently asked questions
16.5% of applications in Martin County were denied in 2025, against 13.6% statewide in Minnesota.
Iowa Bankers Mortgage, with 39 applications in 2025 and a denial rate of 18.0%.
The median mortgage application in Martin County in 2025 was for $135,000; the median property value on originated loans was $185,000.