Bankwest, Inc. mortgage approval rate & lending review
Bankwest, Inc. decided 1,272 mortgage applications and funded 467 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Bankwest, Inc. reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Bankwest, Inc. at a glance
Approval is 49.2 points below the 86.1% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 33% | 368 / 1,127 | 100% | $85K | 367 |
| Home improvement loans | 56% | 18 / 32 | 100% | $45K | 18 |
| Cash-out refinance | 76% | 28 / 37 | 100% | $75K | 28 |
| Investment property purchase | 70% | 32 / 46 | 100% | $185K | 32 |
Bankwest, Inc. lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Minnesota | 20% | $75K | 812 | 165 |
| South Dakota | 69% | $85K | 403 | 278 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Bankwest, Inc. lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Pennington County, SD | Mortgage lenders | 73% | 172 | 125 |
| Minnehaha County, SD | Mortgage lenders | 57% | 124 | 70 |
| Anoka County, MN | Mortgage lenders | 28% | 174 | 49 |
| Wright County, MN | Mortgage lenders | 35% | 79 | 28 |
| Washington County, MN | Mortgage lenders | 16% | 148 | 24 |
| Ramsey County, MN | Mortgage lenders | 20% | 93 | 19 |
| Pennington County, SD | Investment property purchase | 95% | 20 | 19 |
| Dakota County, MN | Mortgage lenders | 11% | 161 | 18 |
| Pennington County, SD | Home improvement loans | 71% | 24 | 17 |
| St. Louis County, MN | Mortgage lenders | 15% | 34 | 5 |
| Scott County, MN | Mortgage lenders | 21% | 24 | 5 |
| Olmsted County, MN | Mortgage lenders | 0% | 21 | 0 |
The county markets where Bankwest, Inc. made the most loans. Each link opens that market with every lender ranked.
Questions about Bankwest, Inc.
What is Bankwest, Inc.'s mortgage approval rate?
Bankwest, Inc. approved 36.9% of the 1,272 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 49.2 points below the 86.1% national rate for the same mix of loan types.
How often do borrowers take the loan Bankwest, Inc. offers?
Borrowers accepted 100% of the loans Bankwest, Inc. approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Bankwest, Inc. make?
The typical home purchase mortgage loan Bankwest, Inc. made was $85K; across all loan types its typical loan ran from $45K to $185K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Bankwest, Inc. lend?
Bankwest, Inc. decided applications in 13 of the states Fat Boy Data covers, most of them in Minnesota, South Dakota and North Dakota.
Can I apply to Bankwest, Inc. directly?
Yes. Bankwest, Inc. is a bank or credit union with 23 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Bankwest, Inc.'s interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Bankwest, Inc. treats applications, then get a rate quote from the lender.