Frandsen Bank & Trust mortgage approval rate & lending review
Frandsen Bank & Trust decided 1,227 mortgage applications and funded 1,138 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Frandsen Bank & Trust reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Frandsen Bank & Trust at a glance
Approval is 13.0 points above the 80.4% 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 | 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 |
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 Frandsen Bank & Trust lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| St. Louis County, MN | Mortgage lenders | 100% | 206 | 204 |
| St. Louis County, MN | Home improvement loans | 87% | 92 | 80 |
| St. Louis County, MN | Investment property purchase | 100% | 70 | 69 |
| Scott County, MN | Mortgage lenders | 96% | 52 | 50 |
| Olmsted County, MN | Mortgage lenders | 93% | 46 | 42 |
| Olmsted County, MN | Investment property purchase | 100% | 40 | 40 |
| St. Louis County, MN | Refinance | 85% | 47 | 40 |
| Hennepin County, MN | Investment property purchase | 92% | 25 | 23 |
| St. Louis County, MN | Cash-out refinance | 79% | 24 | 19 |
| Scott County, MN | Home improvement loans | 78% | 23 | 18 |
| Hennepin County, MN | Home improvement loans | 75% | 20 | 15 |
The county markets where Frandsen Bank & Trust made the most loans. Each link opens that market with every lender ranked.
Questions about Frandsen Bank & Trust
What is Frandsen Bank & Trust's mortgage approval rate?
Frandsen Bank & Trust approved 93.4% of the 1,227 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 13.0 points above the 80.4% national rate for the same mix of loan types.
How often do borrowers take the loan Frandsen Bank & Trust offers?
Borrowers accepted 99% of the loans Frandsen Bank & Trust 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 Frandsen Bank & Trust make?
The typical home purchase mortgage loan Frandsen Bank & Trust made was $275K; across all loan types its typical loan ran from $65K to $275K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Frandsen Bank & Trust lend?
Frandsen Bank & Trust decided applications in 10 of the states Fat Boy Data covers, most of them in Minnesota, Wisconsin and Florida.
Can I apply to Frandsen Bank & Trust directly?
Yes. Frandsen Bank & Trust is a bank or credit union with 40 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Frandsen Bank & Trust'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 Frandsen Bank & Trust treats applications, then get a rate quote from the lender.