Deerwood Bank mortgage approval rate & lending review
Deerwood Bank decided 1,001 mortgage applications and funded 950 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Deerwood Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Deerwood Bank at a glance
Approval is 21.5 points above the 75.0% 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 | 99% | 344 / 349 | 97% | $285K | 332 |
| Home improvement loans | 94% | 385 / 409 | 99% | $75K | 382 |
| Refinance | 97% | 163 / 168 | 100% | $135K | 163 |
| Investment property purchase | 100% | 55 / 55 | 98% | $195K | 54 |
Deerwood Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Minnesota | 96% | $135K | 977 | 927 |
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 Deerwood Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Hennepin County, MN | Home improvement loans | 93% | 105 | 98 |
| Stearns County, MN | Mortgage lenders | 99% | 91 | 89 |
| Dakota County, MN | Home improvement loans | 97% | 70 | 67 |
| Dakota County, MN | Mortgage lenders | 98% | 62 | 59 |
| Stearns County, MN | Home improvement loans | 96% | 53 | 51 |
| Ramsey County, MN | Home improvement loans | 92% | 50 | 46 |
| Stearns County, MN | Refinance | 98% | 44 | 43 |
| Hennepin County, MN | Refinance | 95% | 42 | 40 |
| Washington County, MN | Home improvement loans | 90% | 40 | 35 |
| Wright County, MN | Home improvement loans | 97% | 32 | 30 |
| Anoka County, MN | Home improvement loans | 89% | 28 | 25 |
| Dakota County, MN | Refinance | 96% | 26 | 25 |
The county markets where Deerwood Bank made the most loans. Each link opens that market with every lender ranked.
Questions about Deerwood Bank
What is Deerwood Bank's mortgage approval rate?
Deerwood Bank approved 96.5% of the 1,001 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 21.5 points above the 75.0% national rate for the same mix of loan types.
How often do borrowers take the loan Deerwood Bank offers?
Borrowers accepted 98% of the loans Deerwood Bank approved, against 93% for all home improvement loan lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Deerwood Bank make?
The typical home improvement loan loan Deerwood Bank made was $75K; across all loan types its typical loan ran from $75K to $285K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Deerwood Bank lend?
Deerwood Bank decided applications in 11 of the states Fat Boy Data covers, most of them in Minnesota, Arizona and Colorado.
Can I apply to Deerwood Bank directly?
Yes. Deerwood Bank is a bank or credit union with 14 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Deerwood Bank'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 Deerwood Bank treats applications, then get a rate quote from the lender.