Think Mutual Bank mortgage approval rate & lending review
Think Mutual Bank decided 1,957 mortgage applications and funded 1,668 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Think Mutual Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Think Mutual Bank at a glance
Approval is 13.3 points above the 75.4% 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 | 98% | 771 / 788 | 94% | $345K | 721 |
| Home improvement loans | 81% | 608 / 750 | 99% | $55K | 604 |
| Cash-out refinance | 79% | 105 / 133 | 95% | $125K | 100 |
| Refinance | 85% | 182 / 213 | 98% | $105K | 178 |
| Investment property purchase | 95% | 61 / 64 | 93% | $205K | 57 |
Think Mutual Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Minnesota | 89% | $125K | 1,763 | 1,514 |
| Illinois | 77% | $65K | 65 | 46 |
| Wisconsin | 89% | $105K | 37 | 31 |
| Florida | 87% | $225K | 31 | 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 Think Mutual Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Olmsted County, MN | Mortgage lenders | 98% | 528 | 490 |
| Olmsted County, MN | Home improvement loans | 80% | 402 | 318 |
| Olmsted County, MN | Refinance | 88% | 129 | 110 |
| Dakota County, MN | Home improvement loans | 85% | 110 | 93 |
| Olmsted County, MN | Cash-out refinance | 84% | 77 | 62 |
| Hennepin County, MN | Home improvement loans | 79% | 77 | 61 |
| Olmsted County, MN | Investment property purchase | 100% | 34 | 33 |
| Ramsey County, MN | Home improvement loans | 88% | 26 | 23 |
| Dakota County, MN | Refinance | 79% | 28 | 21 |
| Washington County, MN | Home improvement loans | 81% | 21 | 17 |
The county markets where Think Mutual Bank made the most loans. Each link opens that market with every lender ranked.
Questions about Think Mutual Bank
What is Think Mutual Bank's mortgage approval rate?
Think Mutual Bank approved 88.7% of the 1,957 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 13.3 points above the 75.4% national rate for the same mix of loan types.
How often do borrowers take the loan Think Mutual Bank offers?
Borrowers accepted 96% of the loans Think Mutual 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 Think Mutual Bank make?
The typical home purchase mortgage loan Think Mutual Bank made was $345K; across all loan types its typical loan ran from $55K to $345K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Think Mutual Bank lend?
Think Mutual Bank decided applications in 11 of the states Fat Boy Data covers, most of them in Minnesota, Illinois and Wisconsin.
Can I apply to Think Mutual Bank directly?
Yes. Think Mutual 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 Think Mutual 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 Think Mutual Bank treats applications, then get a rate quote from the lender.