Largest lenders in Morrison County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Magnifi Financial Credit Union | B | 86 | 64 | 4.7% | 6.00% |
| 2 | Rocket Mortgage | C | 45 | 28 | 31.1% | 6.56% |
| 3 | U.S. Bank | D | 44 | 23 | 27.3% | 8.35% |
| 4 | Fairway Independent Mortgage | B | 34 | 28 | 0.0% | 6.25% |
| 5 | Broker Solutions | D | 33 | 22 | 3.0% | 6.75% |
| 6 | Mortgage Research Center | C | 31 | 13 | 16.1% | 6.13% |
| 7 | Farmers and Merchants State Bank of Pierz | – | 31 | 26 | 0.0% | — |
| 8 | United Shore Financial Services | B | 27 | 20 | 7.4% | 6.19% |
| 9 | Compeer Financial, Flca | C | 27 | 17 | 11.1% | 7.50% |
| 10 | Freedom Mortgage | B | 25 | 13 | 8.0% | 6.00% |
| 11 | Pennymac Loan Services | C | 24 | 15 | 12.5% | 6.50% |
| 12 | BMO Bank | F | 22 | 6 | 40.9% | 8.54% |
| 13 | Homeowners Financial Group USA | B | 19 | 10 | 0.0% | 6.50% |
| 14 | Unnamed lender 549300HDE2HTZZL30G11 | – | 19 | 14 | 10.5% | — |
| 15 | First Western Bank & Trust | B | 19 | 12 | 10.5% | 6.38% |
| 16 | Affinity Plus | C | 18 | 13 | 11.1% | 6.49% |
| 17 | Loandepot.Com | D | 17 | 7 | 41.2% | 6.75% |
| 18 | Primelending, a Plainscapital | A | 17 | 17 | 0.0% | 6.63% |
| 19 | Deerwood Bank | A | 16 | 12 | 0.0% | 7.26% |
| 20 | Wings Financial Credit Union | A | 16 | 13 | 12.5% | 6.63% |
| 21 | Everett Financial | C | 13 | 11 | 0.0% | 7.00% |
| 22 | New Day Financial | F | 12 | 3 | 25.0% | 7.37% |
| 23 | Trustone Financial Credit Union | C | 12 | 9 | 16.7% | 8.25% |
| 24 | Nationstar Mortgage | C | 12 | 8 | 8.3% | 7.06% |
| 25 | AmeriSave Mortgage | D | 11 | 2 | 63.6% | 6.75% |
Best approval odds in Morrison County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Magnifi Financial Credit Union | 70 | 5.7% |
What Morrison County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Morrison County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 754 | 496 | 15.0% | 6.88% | $160,000 |
| 2024 | 875 | 543 | 17.1% | 6.75% | $185,000 |
| 2025 | 1,024 | 643 | 13.9% | 6.63% | $185,000 |
Frequently asked questions
13.9% of applications in Morrison County were denied in 2025, against 13.6% statewide in Minnesota.
Magnifi Financial Credit Union, with 86 applications in 2025 and a denial rate of 4.7%.
The median mortgage application in Morrison County in 2025 was for $185,000; the median property value on originated loans was $295,000.