Mortgage lending in Olmsted County, Minnesota
Lenders in Olmsted County, Minnesota reported 5,173 mortgage applications for 2025, according to the CFPB.
5,173 mortgage applications and 3,563 loans originated in 2025; the denial rate was 14.3% of 4,336 applications decided. The median loan was about $245,000. From 2025, the CFPB’s Snapshot release.
HUD’s Fair Market Rent for the county, on the housing hub: Rochester, MN HUD Metro FMR Area.
- 5,173
- Applications
- 3,563
- Loans originated
- 14.3%
- Denial rate
- 621 denied of 4,336 applications decided.
Every year
1 more column on a wider screen
| Year | Applications | Originated |
|---|---|---|
| 2025 | 5,173 | 3,563 |
| 2024 | 4,628 | 3,303 |
| 2023 | 4,576 | 3,298 |
| 2022 | 5,818 | 4,138 |
| 2021 | 10,976 | 8,233 |
| 2020 | 12,586 | 9,322 |
| 2019 | 8,012 | 5,963 |
| 2018 | 6,677 | 4,997 |
The largest lenders here
| Lender | Originated | Applications |
|---|---|---|
| Think Mutual Bank | 398 | 541 |
| United Wholesale Mortgage | 335 | 398 |
| Alerus Financial NA | 164 | 203 |
| Mayo Employees Federal Credit Union | 153 | 212 |
| US Bank, N.A. | 144 | 260 |
| Bell Bank | 139 | 166 |
| Merchants Bank, National Association | 128 | 151 |
| Altra Federal Credit Union | 120 | 156 |
| First Alliance Credit Union | 114 | 187 |
| Rocket Mortgage | 100 | 141 |
| Affinity Plus Federal Credit Union | 87 | 131 |
| Guaranteed Rate, Inc. | 78 | 113 |
| Fairway Independent Mort Corp | 71 | 87 |
| Prosperity Home Mortgage, LLC | 69 | 77 |
| Old National Bank | 69 | 96 |
| Servion | 59 | 64 |
| loanDepot.com LLC | 58 | 79 |
| Guaranteed Rate Affinity, LLC | 57 | 71 |
| Foresight Bank | 52 | 60 |
| Frandsen Bank & Trust | 50 | 57 |
| Associated Bank NA | 47 | 69 |
| First Federal Bank | 39 | 41 |
| Pennymac Loan Services LLC | 38 | 57 |
| Peoples State Bank of Plainview | 36 | 37 |
| F & M Community Bank, N.A. | 34 | 36 |
Applications by race, ethnicity and sex, 2025
| Category | Applications | Denial rate |
|---|---|---|
| American Indian or Alaska Native | 17 | no rate: base under 50 |
| Asian | 273 | 18.5% of 222 decided |
| Black or African American | 206 | 21.2% of 170 decided |
| Native Hawaiian or Other Pacific Islander | under 10 | |
| White | 3,683 | 12.7% of 3,104 decided |
| 2 or more minority races | withheld | |
| Joint | 132 | 15.8% of 120 decided |
| Race Not Available | 846 | 17.4% of 694 decided |
| Category | Applications | Denial rate |
|---|---|---|
| Hispanic or Latino | 260 | 26.6% of 222 decided |
| Not Hispanic or Latino | 3,964 | 13.1% of 3,334 decided |
| Joint | 105 | 14.1% of 92 decided |
| Ethnicity Not Available | 844 | 16.1% of 688 decided |
| Category | Applications | Denial rate |
|---|---|---|
| Male | 1,401 | 17.2% of 1,172 decided |
| Female | 1,138 | 18.7% of 940 decided |
| Joint | 2,080 | 10.4% of 1,764 decided |
| Sex Not Available | 554 | 12.8% of 460 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. 613 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