Todd County, Minnesota · 2025

Mortgage lenders in Todd County, MN: denial rates and top lenders (2025)

123 lenders acted on 721 mortgage applications for properties in Todd County in 2025. 14.2% were denied (Minnesota: 13.6%). Median rate on closed loans 6.63%; median loan $155,000; median property value $255,000.

721Applications
14.2%Denial ratestate 13.6%
6.63%Median ratestate 6.63%
$155,000Median loan
$255,000Median property value

Largest lenders in Todd County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Magnifi Financial Credit Union B 13698 11.8%6.13%
2 Rocket Mortgage C 4427 27.3%6.63%
3 United Shore Financial Services B 2916 27.6%6.39%
4 Fairway Independent Mortgage B 2623 0.0%6.93%
5 Everett Financial C 2413 4.2%7.00%
6 Star Bank 2119 0.0%
7 U.S. Bank D 198 26.3%7.76%
8 Granite Bank B 1818 0.0%6.63%
9 Bell Bank A 169 12.5%6.88%
10 Compeer Financial, Flca C 169 31.3%7.00%
11 Broker Solutions D 159 6.7%7.00%
12 First International Bank & Trust B 1411 14.3%7.75%
13 Homeowners Financial Group USA B 1311 0.0%6.75%
14 Pennymac Loan Services C 1211 8.3%6.38%
15 Mortgage Research Center C 122 25.0%6.87%
16 Figure Lending C 126 41.7%9.46%
17 Affinity Plus C 115 18.2%6.88%
18 Freedom Mortgage B 114 9.1%6.25%
19 Trustone Financial Credit Union C 119 18.2%7.12%
20 Plaza Home Mortgage C 117 18.2%6.50%
21 AmeriSave Mortgage D 83 62.5%6.50%
22 American Heritage National Bank 87 12.5%
23 Wells Fargo Bank B 74 14.3%6.25%
24 Unnamed lender 549300HDE2HTZZL30G11 76 0.0%
25 Primelending, a Plainscapital A 75 0.0%6.63%

Best approval odds in Todd County

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

#LenderDecidedDecision denial rate
1Magnifi Financial Credit Union12013.3%

What Todd County borrowers applied for

By loan purpose

Home purchase 325 45% · 7.1% denied
Refinance 126 17% · 15.1% denied
Cash-out refinance 141 20% · 22.7% denied
Home improvement 65 9% · 15.4% denied
Other / HELOC 64 9% · 28.1% denied

By loan type

Conventional 552 77% · 13.2% denied
FHA 113 16% · 19.5% denied
VA 49 7% · 12.2% denied
USDA / RHS 7 1% · 14.3% denied

Why applications were denied

Debt-to-income ratio 39 39%
Credit history 25 25%
Collateral 18 18%
Other 6 6%
Incomplete application 6 6%
Insufficient cash 4 4%
Unverifiable information 3 3%

Todd County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202347832413.2%6.99%$145,000
202459441611.8%7.00%$155,000
202572146114.2%6.63%$155,000

Frequently asked questions

14.2% of applications in Todd County were denied in 2025, against 13.6% statewide in Minnesota.

Magnifi Financial Credit Union, with 136 applications in 2025 and a denial rate of 11.8%.

The median mortgage application in Todd County in 2025 was for $155,000; the median property value on originated loans was $255,000.