Local lending intelligence · HMDA 2023–2025
Mortgage and lending data for Dakota County, Minnesota
Every institution that decided a 1–4 unit mortgage application in Dakota County, home to Lakeville, between 2023 and 2025: 31,286 applications, 25,529 loans actually funded, across 8 kinds of borrowing.
Dakota County at a glance
31,286Applications decided
2023–2025
25,529Loans funded
82% of decisions
106Census tracts
17 ZIP codes
442,204People
ACS 2023
What the data shows
The typical purchase mortgage here is $315K.
Investment home improvement is the hardest money to get here: lenders approved 52% of 100 applications.
Lending by loan type in Dakota County
| Loan type | Approval | Decided | Typical loan | Taken up | Lenders |
|---|---|---|---|---|---|
| Mortgage lenders | 90.5% | 18,235 | $315K | 97% | 408 |
| Home improvement loans | 76.0% | 4,785 | $65K | 92% | 127 |
| Cash-out refinance | 71.5% | 3,159 | $165K | 95% | 196 |
| Refinance | 81.0% | 3,547 | $155K | 94% | 250 |
| Investment property purchase | 92.7% | 1,184 | $225K | 94% | 211 |
| Investment cash-out refinance | 74.8% | 135 | $225K | 92% | 67 |
| Investment refinance | 86.5% | 141 | $175K | 97% | 69 |
| Investment home improvement | 52.0% | 100 | $105K | 92% | 34 |
Approval is the share of decided applications lenders approved; taken up is the share of approvals borrowers accepted. How the numbers work.