Largest lenders in Waseca County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Minnwest Bank | C | 62 | 50 | 12.9% | 7.00% |
| 2 | United Shore Financial Services | B | 52 | 39 | 9.6% | 6.25% |
| 3 | Blaze Credit Union | B | 28 | 15 | 25.0% | 6.00% |
| 4 | Rocket Mortgage | C | 22 | 16 | 22.7% | 6.44% |
| 5 | Crosscountry Mortgage | B | 20 | 18 | 0.0% | 6.69% |
| 6 | Affinity Plus | C | 20 | 14 | 15.0% | 6.75% |
| 7 | Plains Commerce Bank | B | 16 | 10 | 6.3% | 6.75% |
| 8 | Mortgage Research Center | C | 15 | 5 | 26.7% | 6.50% |
| 9 | Guaranteed Rate | B | 14 | 12 | 7.1% | 6.60% |
| 10 | U.S. Bank | D | 13 | 8 | 30.8% | 7.90% |
| 11 | Wells Fargo Bank | B | 8 | 6 | 12.5% | 6.50% |
| 12 | Plaza Home Mortgage | C | 8 | 4 | 25.0% | 6.00% |
| 13 | Frandsen Bank & Trust | B | 7 | 6 | 0.0% | 6.50% |
| 14 | Luminate Bank | B | 7 | 6 | 14.3% | 6.63% |
| 15 | Carrington Mortgage Services | D | 7 | 4 | 42.9% | 6.13% |
| 16 | Fairway Independent Mortgage | B | 6 | 6 | 0.0% | 6.81% |
| 17 | Compeer Financial, Flca | C | 6 | 5 | 0.0% | 7.35% |
| 18 | Trustone Financial Credit Union | C | 5 | 2 | 60.0% | 7.16% |
| 19 | Broker Solutions | D | 5 | 4 | 0.0% | 6.81% |
| 20 | Loandepot.Com | D | 5 | 4 | 20.0% | 7.93% |
| 21 | Luminate Home Loans | C | 5 | 2 | 40.0% | 7.13% |
| 22 | Prosperity Home Mortgage | A | 5 | 4 | 0.0% | 6.50% |
Best approval odds in Waseca County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Minnwest Bank | 58 | 13.8% |
What Waseca County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Waseca County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 392 | 264 | 18.4% | 6.75% | $155,000 |
| 2024 | 439 | 307 | 12.8% | 6.75% | $165,000 |
| 2025 | 468 | 323 | 13.9% | 6.50% | $165,000 |
Frequently asked questions
13.9% of applications in Waseca County were denied in 2025, against 13.6% statewide in Minnesota.
Minnwest Bank, with 62 applications in 2025 and a denial rate of 12.9%.
The median mortgage application in Waseca County in 2025 was for $165,000; the median property value on originated loans was $235,000.