Largest lenders in Mille Lacs County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Blaze Credit Union | B | 136 | 93 | 12.5% | 6.13% |
| 2 | Crosscountry Mortgage | B | 69 | 50 | 1.5% | 6.54% |
| 3 | The First National Bank Of Milaca | – | 62 | 47 | 17.7% | — |
| 4 | United Shore Financial Services | B | 58 | 44 | 12.1% | 6.44% |
| 5 | Rocket Mortgage | C | 50 | 33 | 26.0% | 6.50% |
| 6 | Broker Solutions | D | 47 | 26 | 2.1% | 6.50% |
| 7 | U.S. Bank | D | 28 | 8 | 53.6% | 6.69% |
| 8 | Affinity Plus | C | 27 | 21 | 7.4% | 6.74% |
| 9 | Bell Bank | A | 26 | 20 | 11.5% | 7.00% |
| 10 | Sherburne State Bank | A | 26 | 22 | 3.9% | — |
| 11 | Trustone Financial Credit Union | C | 25 | 16 | 24.0% | 7.57% |
| 12 | Guaranteed Rate | B | 21 | 15 | 4.8% | 6.75% |
| 13 | Old National Bank | B | 20 | 15 | 25.0% | 6.75% |
| 14 | First Bank & Trust | C | 19 | 13 | 21.1% | 7.25% |
| 15 | Mortgage Research Center | C | 19 | 9 | 26.3% | 6.63% |
| 16 | Minnco Credit Union | F | 17 | 12 | 17.7% | 6.69% |
| 17 | Compeer Financial, Flca | C | 17 | 6 | 41.2% | 7.80% |
| 18 | Everett Financial | C | 16 | 13 | 0.0% | 6.88% |
| 19 | Loandepot.Com | D | 16 | 10 | 25.0% | 6.75% |
| 20 | Figure Lending | C | 15 | 7 | 13.3% | 8.90% |
| 21 | Woodlands National Bank | – | 14 | 9 | 21.4% | — |
| 22 | Megastar Financial | A | 13 | 12 | 0.0% | 6.69% |
| 23 | Freedom Mortgage | B | 13 | 2 | 15.4% | 5.00% |
| 24 | Merchants Bank | A | 12 | 12 | 0.0% | 6.28% |
| 25 | Homeowners Financial Group USA | B | 12 | 7 | 0.0% | 6.75% |
Best approval odds in Mille Lacs County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Crosscountry Mortgage | 51 | 2.0% |
| 2 | United Shore Financial Services | 52 | 13.5% |
| 3 | Blaze Credit Union | 121 | 14.1% |
| 4 | The First National Bank Of Milaca | 58 | 19.0% |
What Mille Lacs County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Mille Lacs County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 978 | 607 | 19.6% | 6.98% | $155,000 |
| 2024 | 1,084 | 702 | 18.6% | 6.99% | $165,000 |
| 2025 | 1,265 | 811 | 15.4% | 6.63% | $195,000 |
Frequently asked questions
15.4% of applications in Mille Lacs County were denied in 2025, against 13.6% statewide in Minnesota.
Blaze Credit Union, with 136 applications in 2025 and a denial rate of 12.5%.
The median mortgage application in Mille Lacs County in 2025 was for $195,000; the median property value on originated loans was $315,000.