Investment property refinance lenders in Dakota County, Minnesota
Fat Boy Data analyzed investment property refinance activity in Dakota County, Minnesota, home to Lakeville, to show which lenders are making these loans, how often they approve, how often borrowers accept the offer, and how much they typically finance. 141 applications were decided by 69 lenders between 2023 and 2025.
Dakota County at a glance
How Dakota County compares
What the data shows
Old National Bank made the most investment property refinances in Dakota County, MN, 11 of them.
The typical investment property refinance here is $175K, 10% smaller than the Minnesota typical of $195K.
Investment property refinance lenders in Dakota County
| Lender | Approval | Approved | Taken up | Typical loan | Loans made | |
|---|---|---|---|---|---|---|
| 1 | Old National BankLimited sample | 100% | 11 / 11 | 100% | $145K | 11 |
| 2 | Alerus Financial, National AssociationLimited sample | 90% | 9 / 10 | 100% | $75K | 9 |
| 3 | Merchants Bank, National AssociationLimited sample | 100% | 9 / 9 | 89% | $235K | 8 |
| 4 | United Wholesale Mortgage, LLCBroker only | 86% | 6 / 7 | 100% | $205K | 6 |
| 5 | Wells Fargo Bank, National AssociationLimited sample | 50% | 3 / 6 | 100% | $85K | 3 |
Ranked by lending volume. Approval is the share of decided applications a lender approved; taken up is the share of approvals borrowers accepted. Lenders with fewer than 20 decisions are marked as a limited sample and never used for a “highest approval” claim.How the numbers work.
Fat Boy found 64 more lenders.
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You are seeing the 5 largest investment property refinance lenders in Dakota County. Unlock the full market: every lender that decided one of these loans here, what they approved, how much borrowers took, and how close the nearest office is.
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