Largest lenders in Mower County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Fairway Independent Mortgage | B | 167 | 146 | 2.4% | 6.75% |
| 2 | U.S. Bank | D | 70 | 27 | 37.1% | 6.99% |
| 3 | Rocket Mortgage | C | 64 | 46 | 17.2% | 6.56% |
| 4 | United Shore Financial Services | B | 57 | 41 | 15.8% | 6.48% |
| 5 | Alerus Financial | B | 57 | 38 | 19.3% | 7.25% |
| 6 | Bell Bank | A | 53 | 41 | 3.8% | 6.38% |
| 7 | Loandepot.Com | D | 35 | 24 | 17.1% | 6.99% |
| 8 | Manufacturers Bank & Trust | A | 32 | 29 | 3.1% | — |
| 9 | Mortgage Research Center | C | 31 | 10 | 38.7% | 6.63% |
| 10 | Land Home Financial Services | C | 29 | 23 | 3.5% | 6.88% |
| 11 | Union Home Mortgage | B | 24 | 16 | 0.0% | 6.44% |
| 12 | Freedom Mortgage | B | 23 | 5 | 17.4% | 6.25% |
| 13 | Compeer Financial, Flca | C | 20 | 12 | 10.0% | 6.95% |
| 14 | Old National Bank | B | 18 | 10 | 22.2% | 7.69% |
| 15 | Newrez | D | 17 | 6 | 29.4% | 6.50% |
| 16 | First Alliance Credit Union | D | 17 | 13 | 11.8% | 7.00% |
| 17 | Broker Solutions | D | 16 | 7 | 12.5% | 6.49% |
| 18 | Wells Fargo Bank | B | 14 | 7 | 14.3% | 7.00% |
| 19 | Guaranteed Rate | B | 13 | 10 | 0.0% | 6.48% |
| 20 | Spring Eq | D | 13 | 5 | 46.2% | 8.68% |
| 21 | Veridian Credit Union | B | 13 | 8 | 15.4% | 6.50% |
| 22 | Movement Mortgage | A | 13 | 11 | 0.0% | 7.25% |
| 23 | Think Mutual Bank | C | 13 | 9 | 23.1% | 6.50% |
| 24 | ALTRA Federal Credit Union | B | 12 | 4 | 25.0% | 6.62% |
| 25 | Merchants Bank | A | 11 | 9 | 0.0% | 6.40% |
Best approval odds in Mower County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Fairway Independent Mortgage | 151 | 2.7% |
| 2 | United Shore Financial Services | 52 | 17.3% |
| 3 | Rocket Mortgage | 57 | 19.3% |
| 4 | Alerus Financial | 50 | 22.0% |
| 5 | U.S. Bank | 54 | 48.2% |
What Mower County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Mower County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 1,019 | 646 | 17.1% | 6.99% | $125,000 |
| 2024 | 1,053 | 692 | 15.2% | 6.88% | $135,000 |
| 2025 | 1,187 | 752 | 16.0% | 6.75% | $145,000 |
Frequently asked questions
16.0% of applications in Mower County were denied in 2025, against 13.6% statewide in Minnesota.
Fairway Independent Mortgage, with 167 applications in 2025 and a denial rate of 2.4%.
The median mortgage application in Mower County in 2025 was for $145,000; the median property value on originated loans was $215,000.