Lender profile · HMDA 2023–2025
Frandsen Bank & Trust mortgage approval rates & lending data
Frandsen Bank & Trust decided 1,227 mortgage applications and funded 1,138 loans across the 616 counties Fat Boy Data covers, 2023–2025.
Approval by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 97% | 571 / 588 | 99% | $275K | 567 |
| Home improvement loans | 84% | 174 / 208 | 99% | $65K | 173 |
| Cash-out refinance | 72% | 29 / 40 | 100% | $145K | 29 |
| Refinance | 89% | 87 / 98 | 100% | $145K | 87 |
| Investment property purchase | 99% | 213 / 215 | 100% | $175K | 212 |
| Investment refinance | 100% | 37 / 37 | 95% | $275K | 35 |
| Investment home improvement | 88% | 35 / 40 | 100% | $105K | 35 |
Frandsen Bank & Trust lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Minnesota | 93% | $275K | 1,102 | 1,019 |
| Wisconsin | 95% | $175K | 79 | 75 |
| Florida | 100% | $395K | 23 | 23 |
| Arizona | 100% | $375K | 11 | 11 |
| North Dakota | 100% | $285K | 6 | 5 |
| California | 100% | $435K | 2 | 2 |
| Colorado | 100% | $435K | 1 | 1 |
| Iowa | 100% | $155K | 1 | 1 |
| Pennsylvania | 0% | — | 1 | 0 |
| South Dakota | 100% | $265K | 1 | 1 |
Covers the 616 counties in the Fat Boy Data footprint, which is 79.6% of the US population — not every county in each state. Methodology.