Magnifi Financial Credit Union mortgage approval rate & lending review
Magnifi Financial Credit Union decided 1,463 mortgage applications and funded 1,242 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Magnifi Financial Credit Union reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Magnifi Financial Credit Union at a glance
Approval is 13.2 points above the 78.8% 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% | 627 / 641 | 93% | $205K | 582 |
| Home improvement loans | 85% | 147 / 173 | 95% | $55K | 140 |
| Cash-out refinance | 90% | 203 / 226 | 91% | $65K | 184 |
| Refinance | 86% | 284 / 331 | 90% | $85K | 257 |
| Investment property purchase | 93% | 57 / 61 | 93% | $195K | 53 |
Magnifi Financial Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Minnesota | 92% | $195K | 1,438 | 1,219 |
| North Dakota | 100% | $295K | 20 | 20 |
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 Magnifi Financial Credit Union lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Stearns County, MN | Mortgage lenders | 98% | 527 | 481 |
| Stearns County, MN | Refinance | 89% | 239 | 194 |
| Stearns County, MN | Cash-out refinance | 89% | 162 | 127 |
| Stearns County, MN | Home improvement loans | 90% | 120 | 103 |
| Stearns County, MN | Investment property purchase | 95% | 38 | 33 |
| Anoka County, MN | Refinance | 74% | 38 | 23 |
| Anoka County, MN | Cash-out refinance | 88% | 24 | 21 |
| Hennepin County, MN | Refinance | 73% | 22 | 14 |
The county markets where Magnifi Financial Credit Union made the most loans. Each link opens that market with every lender ranked.
Questions about Magnifi Financial Credit Union
What is Magnifi Financial Credit Union's mortgage approval rate?
Magnifi Financial Credit Union approved 92.0% of the 1,463 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 13.2 points above the 78.8% national rate for the same mix of loan types.
How often do borrowers take the loan Magnifi Financial Credit Union offers?
Borrowers accepted 92% of the loans Magnifi Financial Credit Union 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 Magnifi Financial Credit Union make?
The typical home purchase mortgage loan Magnifi Financial Credit Union made was $205K; across all loan types its typical loan ran from $55K to $205K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Magnifi Financial Credit Union lend?
Magnifi Financial Credit Union decided applications in 7 of the states Fat Boy Data covers, most of them in Minnesota, North Dakota and Arizona.
Can I apply to Magnifi Financial Credit Union directly?
Yes. Magnifi Financial Credit Union is a bank or credit union with 28 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Magnifi Financial Credit Union'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 Magnifi Financial Credit Union treats applications, then get a rate quote from the lender.