Mortgage lending in Clay County, Minnesota
Lenders in Clay County, Minnesota reported 2,243 mortgage applications for 2025, according to the CFPB.
2,243 mortgage applications and 1,552 loans originated in 2025; the denial rate was 14.8% of 1,887 applications decided. The median loan was about $195,000. From 2025, the CFPB’s Snapshot release.
HUD’s Fair Market Rent for the county, on the low-income housing hub: Fargo, ND-MN MSA.
- 2,243
- Applications
- 1,552
- Loans originated
- 14.8%
- Denial rate
- 280 denied of 1,887 applications decided.
Every year
1 more column on a wider screen
| Year | Applications | Originated |
|---|---|---|
| 2025 | 2,243 | 1,552 |
| 2024 | 1,889 | 1,357 |
| 2023 | 1,731 | 1,256 |
| 2022 | 2,277 | 1,640 |
| 2021 | 4,114 | 3,039 |
| 2020 | 4,511 | 3,392 |
| 2019 | 2,763 | 2,118 |
| 2018 | 2,522 | 1,928 |
The largest lenders here
| Lender | Originated | Applications |
|---|---|---|
| Gate City Bank | 251 | 313 |
| Bell Bank | 233 | 311 |
| United Wholesale Mortgage | 85 | 106 |
| Rocket Mortgage | 61 | 69 |
| First Community Credit Union | 58 | 66 |
| Town and Country Credit Union | 49 | 65 |
| Valley Mortgage, Inc. | 45 | 54 |
| US Bank, N.A. | 43 | 74 |
| First International Bank & Trust | 41 | 54 |
| Western State Bank | 33 | 42 |
| Guild Mortgage Company | 32 | 40 |
| Granite Bank | 28 | 36 |
| First Western Bank & Trust | 26 | 31 |
| Valley Premier Bank | 25 | 28 |
| Choice Financial Group | 24 | 28 |
| Midwest Bank | 23 | 26 |
| CMG Mortgage Inc | 23 | 38 |
| Fairway Independent Mort Corp | 23 | 31 |
| Affinity Plus Federal Credit Union | 23 | 37 |
| Alerus Financial NA | 22 | 23 |
| American Federal Bank | 22 | 23 |
| Cambria Financial Group | 20 | 25 |
| Magnifi Financial Credit Union | 20 | 37 |
| Wells Fargo Bank NA | 19 | 25 |
| Guaranteed Rate, Inc. | 18 | 29 |
Applications by race, ethnicity and sex, 2025
| Category | Applications | Denial rate |
|---|---|---|
| American Indian or Alaska Native | 25 | no rate: base under 50 |
| Asian | 29 | no rate: base under 50 |
| Black or African American | 58 | no rate: base under 50 |
| Native Hawaiian or Other Pacific Islander | under 10 | |
| White | 1,758 | 14.1% of 1,479 decided |
| 2 or more minority races | under 10 | |
| Joint | 49 | no rate: base under 50 |
| Free Form Text Only | under 10 | |
| Race Not Available | 314 | 16.6% of 265 decided |
| Category | Applications | Denial rate |
|---|---|---|
| Hispanic or Latino | 70 | 20.7% of 58 decided |
| Not Hispanic or Latino | 1,841 | 13.9% of 1,550 decided |
| Joint | 25 | no rate: base under 50 |
| Ethnicity Not Available | 307 | 18.2% of 258 decided |
| Category | Applications | Denial rate |
|---|---|---|
| Male | 686 | 15.5% of 561 decided |
| Female | 413 | 21.3% of 343 decided |
| Joint | 906 | 11.9% of 778 decided |
| Sex Not Available | 238 | 13.2% of 205 decided |
A category under 10 applications prints “under 10”, and beside a lone one the next-smallest is withheld too, so neither can be worked out from the whole. No rate is printed on fewer than 50 decisions. A denial rate does not control for credit history, income, debt or the property, so a difference between groups is not a measure of discrimination.
Rankings this appears in
- No. 1144 Counties by median mortgage
Sources
- HMDA public loan/application register (LAR) — each year's fullest national release — Consumer Financial Protection Bureau · CFPB website policy: public domain · retrieved October 22, 2026
- Census Bureau population estimates — nation and states, with components of change — U.S. Census Bureau · U.S. Government work · retrieved September 25, 2026
- HMDA transmittal sheet — every reporting lender, by year, with its name — Consumer Financial Protection Bureau · CFPB website policy: public domain · retrieved October 22, 2026
- HMDA reporter panel — every reporting lender, by year, with its RSSD, parent and top holder
- Census Bureau county population estimates — U.S. Census Bureau · U.S. Government work · retrieved September 23, 2026
Compiled automatically from HMDA public loan/application register (LAR) — each year's fullest national release, Census Bureau population estimates — nation and states, with components of change, HMDA transmittal sheet — every reporting lender, by year, with its name, HMDA reporter panel — every reporting lender, by year, with its RSSD, parent and top holder and Census Bureau county population estimates by a checked SQL query · Editor: Kian O'Connor · How this site is built
Data retrieved