Mortgage lending in St. Louis County, Minnesota
Lenders in St. Louis County, Minnesota reported 6,222 mortgage applications for 2025, according to the CFPB.
6,222 mortgage applications and 4,134 loans originated in 2025; the denial rate was 15.5% of 5,135 applications decided. The median loan was about $165,000. From 2025, the CFPB’s Snapshot release.
HUD’s Fair Market Rent for the county, on the housing hub: Duluth, MN-WI MSA.
- 6,222
- Applications
- 4,134
- Loans originated
- 15.5%
- Denial rate
- 798 denied of 5,135 applications decided.
Every year
1 more column on a wider screen
| Year | Applications | Originated |
|---|---|---|
| 2025 | 6,222 | 4,134 |
| 2024 | 5,446 | 3,673 |
| 2023 | 5,163 | 3,503 |
| 2022 | 6,590 | 4,460 |
| 2021 | 11,445 | 8,026 |
| 2020 | 11,666 | 8,358 |
| 2019 | 7,519 | 5,241 |
| 2018 | 6,678 | 4,545 |
The largest lenders here
| Lender | Originated | Applications |
|---|---|---|
| North Shore Bank of Commerce | 371 | 429 |
| US Bank, N.A. | 227 | 396 |
| Rocket Mortgage | 207 | 292 |
| Centricity Credit Union | 198 | 225 |
| Fairway Independent Mort Corp | 195 | 227 |
| Members Cooperative Credit Union | 172 | 248 |
| Frandsen Bank & Trust | 155 | 211 |
| Bell Bank | 150 | 189 |
| Affinity Plus Federal Credit Union | 143 | 226 |
| National Bank of Commerce | 117 | 132 |
| Summit Mortgage Corporation | 92 | 110 |
| United Wholesale Mortgage | 91 | 132 |
| Regent Financial Group | 86 | 92 |
| Park State Bank | 86 | 130 |
| North Shore Federal Credit Union | 79 | 177 |
| Servion | 75 | 97 |
| Harbor Pointe Credit Union | 71 | 71 |
| Mortgage Research Center | 59 | 115 |
| First National Bank of Gilbert | 47 | 48 |
| Granite Bank | 45 | 59 |
| New American Funding, LLC. | 43 | 90 |
| Wells Fargo Bank NA | 42 | 76 |
| Superior Choice Credit Union | 41 | 51 |
| North Star Credit Union | 39 | 48 |
| Northview Bank | 38 | 57 |
Applications by race, ethnicity and sex, 2025
| Category | Applications | Denial rate |
|---|---|---|
| American Indian or Alaska Native | 73 | 37.0% of 54 decided |
| Asian | 56 | no rate: base under 50 |
| Black or African American | 50 | no rate: base under 50 |
| Native Hawaiian or Other Pacific Islander | under 10 | |
| White | 5,078 | 14.7% of 4,207 decided |
| 2 or more minority races | under 10 | |
| Joint | 100 | 11.8% of 85 decided |
| Race Not Available | 855 | 17.5% of 710 decided |
| Category | Applications | Denial rate |
|---|---|---|
| Hispanic or Latino | 82 | 27.1% of 70 decided |
| Not Hispanic or Latino | 5,162 | 15.1% of 4,264 decided |
| Joint | 58 | 10.0% of 50 decided |
| Ethnicity Not Available | 920 | 17.4% of 751 decided |
| Category | Applications | Denial rate |
|---|---|---|
| Male | 2,112 | 17.7% of 1,707 decided |
| Female | 1,233 | 19.9% of 1,017 decided |
| Joint | 2,271 | 11.7% of 1,911 decided |
| Sex Not Available | 606 | 14.0% of 500 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. 1589 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