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investment property lenders · HMDA 2023–2025

Investment property lenders in St. Louis County, Minnesota

Fat Boy Data analyzed investment property mortgage activity in St. Louis County, Minnesota to show which lenders are making these loans, how often they approve, how often borrowers accept the offer, and how much they typically finance. 1,126 applications were decided by 186 lenders between 2023 and 2025.

St. Louis County at a glance

186Active lenders13 with 20+ decisions
91.8%Market approval rate1,034 of 1,126 decided
$175KTypical loanmedian lender, $10K brackets
97%Borrower take-up1,004 loans funded

How St. Louis County compares

Approval rate compared
St. Louis County91.8%Minnesota92.4%All 616 counties87.5%
Typical loan compared
St. Louis County$175KMinnesota$245KAll 616 counties$255K

What the data shows

North Shore Bank of Commerce made the most investment property mortgages in St. Louis County, MN, 107 of them.

Frandsen Bank & Trust approved the highest share of applications among lenders with at least 20 decisions here, 100% of 70.

The typical investment property mortgage here is $175K, 29% smaller than the Minnesota typical of $245K.

Approval rate of all 13 lenders with 20+ decisions here
0%25%50%75%100%U.S. Bank National Association: 77% approved of 30Northview Bank: 87% approved of 52Bell Bank: 89% approved of 35The Miners National Bank of Eveleth: 90% approved of 29North Star Credit Union: 93% approved of 28National Bank of Commerce: 94% approved of 48Park State Bank: 95% approved of 40Members Cooperative: 97% approved of 33North Shore Bank of Commerce: 99% approved of 109Frandsen Bank & Trust: 100% approved of 70Harbor Pointe Credit Union: 100% approved of 36The First National Bank of Gilbert: 100% approved of 24Regent Financial Group, Inc.: 100% approved of 20

Each dot is one lender, placed at its approval rate. Hover for the name and sample size.

Investment property lenders in St. Louis County

LenderApprovalApprovedTaken upTypical loanLoans made
1North Shore Bank of Commerce99%108 / 10999%$195K107
2Frandsen Bank & Trust100%70 / 7099%$175K69
3Northview Bank87%45 / 52100%$175K45
4National Bank of Commerce94%45 / 48100%$215K45
5Park State Bank95%38 / 40100%$185K38

Ranked by lending volume. Approval is the share of decided applications a lender approved; taken up is the share of approvals the borrower accepted. Lenders with fewer than 20 decisions are marked as a limited sample and are never used for a “highest approval” claim. How these numbers are built.

Fat Boy found 181 more lenders.

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You are seeing the 5 largest investment property mortgage lenders in St. Louis County. Unlock every lender who decided one of these loans here, what they approved, how much borrowers actually took, and how far the nearest office is.

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