Minnesota · HMDA 2025
Mortgage lenders in Clay County, MN
163 lenders reported 2,575 home-loan applications in Clay County in 2025. 1,552 closed as loans ($359.1M), 280 were denied — a 14.8% denial rate on decided applications, below the Minnesota rate of 16.2%. The three most active lenders handled 30% of applications, led by Gate City Bank. 18 lenders in the list are banks or credit unions with a TellerScore profile.
- Applications
- 2,575
- Loans originated
- 1,552
- Purchase / refinance
- 871 / 382
- 30-yr rate (national)
- 7.40%week of Oct 15, 2026
Lenders ranked by applications in Clay County
| # | Lender | Applications here | Share | Nationwide denial rate |
|---|---|---|---|---|
| 1 | Gate City Bank | 313 | 12.2% | — |
| 2 | Bell Bank 59 out of 100, Moderate | 311 | 12.1% | 7.1% |
| 3 | U.S. Bank National Association 55 out of 100, Moderate | 138 | 5.4% | 39.5% |
| 4 | UNITED SHORE FINANCIAL SERVICES, LLC | 106 | 4.1% | — |
| 5 | NEWREZ LLC | 87 | 3.4% | — |
| 6 | PENNYMAC LOAN SERVICES, LLC | 84 | 3.3% | — |
| 7 | Rocket Mortgage, LLC | 70 | 2.7% | — |
| 8 | FIRST COMMUNITY CREDIT UNION | 66 | 2.6% | — |
| 9 | TOWN AND COUNTRY Credit Union 64 out of 100, Moderate | 65 | 2.5% | 3.2% |
| 10 | First International Bank & Trust 52 out of 100, Below average | 54 | 2.1% | 5.8% |
| 11 | VALLEY MORTGAGE, INC. | 54 | 2.1% | — |
| 12 | CMG MORTGAGE, INC. | 43 | 1.7% | — |
| 13 | Western State Bank 78 out of 100, Strong | 42 | 1.6% | 6.3% |
| 14 | GUILD MORTGAGE COMPANY | 40 | 1.6% | — |
| 15 | MAGNIFI FINANCIAL CREDIT UNION 68 out of 100, Moderate | 37 | 1.4% | 12.6% |
| 16 | AFFINITY PLUS | 37 | 1.4% | — |
| 17 | Granite Bank 53 out of 100, Below average | 36 | 1.4% | 6.2% |
| 18 | FREEDOM MORTGAGE CORPORATION | 35 | 1.4% | — |
| 19 | Citizens Bank, National Association 54 out of 100, Below average | 33 | 1.3% | 32.5% |
| 20 | Fairway Independent Mortgage Corporation | 32 | 1.2% | — |
| 21 | Mortgage Research Center, LLC | 31 | 1.2% | — |
| 22 | First Western Bank & Trust 55 out of 100, Moderate | 31 | 1.2% | 5.4% |
| 23 | GUARANTEED RATE, INC. | 29 | 1.1% | — |
| 24 | PLANET HOME LENDING, LLC | 29 | 1.1% | — |
| 25 | Choice Financial Group 73 out of 100, Strong | 28 | 1.1% | 5.6% |
| 26 | Valley Premier Bank 81 out of 100, Strong | 28 | 1.1% | 2.1% |
| 27 | JPMorgan Chase Bank, National Association 61 out of 100, Moderate | 27 | 1.0% | 14.1% |
| 28 | Wells Fargo Bank, National Association 58 out of 100, Moderate | 26 | 1.0% | 22.2% |
| 29 | Midwest Bank 74 out of 100, Strong | 26 | 1.0% | 2.2% |
| 30 | Cambria Financial Group, LLC | 25 | 1.0% | — |
| 31 | Broker Solutions, Inc. | 23 | 0.9% | — |
| 32 | Alerus Financial, National Association 70 out of 100, Strong | 23 | 0.9% | 10.1% |
| 33 | NATIONSTAR MORTGAGE LLC | 23 | 0.9% | — |
| 34 | American Federal Bank 66 out of 100, Moderate | 23 | 0.9% | 12.5% |
| 35 | CAPITAL | 21 | 0.8% | — |
| 36 | Northwestern Bank, National Association 70 out of 100, Strong | 20 | 0.8% | 5.6% |
| 37 | TRIAD FINANCIAL SERVICES, INC. | 18 | 0.7% | — |
| 38 | AMERIHOME MORTGAGE COMPANY, LLC | 17 | 0.7% | — |
| 39 | FIRST COLONY MORTGAGE CORPORATION | 16 | 0.6% | — |
| 40 | WEST GATE BANK 72 out of 100, Strong | 16 | 0.6% | 4.8% |
Top 40 of 163 lenders shown. Denial rates are each lender's nationwide figure for 2025, available for banks and credit unions we profile.
Other counties in Minnesota
- Hennepin County 43,986 apps
- Dakota County 17,858 apps
- Ramsey County 16,065 apps
- Anoka County 15,259 apps
- Washington County 12,517 apps
- Wright County 7,712 apps
- St. Louis County 6,914 apps
- Scott County 6,536 apps
- Olmsted County 5,774 apps
- Stearns County 5,097 apps
- Carver County 5,082 apps
- Sherburne County 4,765 apps