Lake Elmo Bank mortgage approval rate & lending review
Lake Elmo Bank decided 291 mortgage applications and funded 272 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Lake Elmo Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Lake Elmo Bank at a glance
Approval is 15.5 points above the 80.7% 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 | 98% | 127 / 130 | 98% | $365K | 125 |
| Home improvement loans | 96% | 44 / 46 | 93% | $55K | 41 |
| Refinance | 94% | 59 / 63 | 98% | $115K | 58 |
| Investment property purchase | 96% | 45 / 47 | 96% | $285K | 43 |
Lake Elmo Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Minnesota | 96% | $285K | 285 | 266 |
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 Lake Elmo Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Washington County, MN | Mortgage lenders | 99% | 68 | 66 |
| Washington County, MN | Refinance | 91% | 46 | 42 |
| Washington County, MN | Home improvement loans | 95% | 40 | 36 |
The county markets where Lake Elmo Bank made the most loans. Each link opens that market with every lender ranked.
Questions about Lake Elmo Bank
What is Lake Elmo Bank's mortgage approval rate?
Lake Elmo Bank approved 96.2% of the 291 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 15.5 points above the 80.7% national rate for the same mix of loan types.
How often do borrowers take the loan Lake Elmo Bank offers?
Borrowers accepted 97% of the loans Lake Elmo Bank 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 Lake Elmo Bank make?
The typical home purchase mortgage loan Lake Elmo Bank made was $365K; across all loan types its typical loan ran from $55K to $365K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Lake Elmo Bank lend?
Lake Elmo Bank decided applications in 5 of the states Fat Boy Data covers, most of them in Minnesota, Florida and Arizona.
Can I apply to Lake Elmo Bank directly?
Yes. Lake Elmo Bank is a bank or credit union with 9 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Lake Elmo 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 Lake Elmo Bank treats applications, then get a rate quote from the lender.