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refinance lenders · HMDA 2023–2025

Refinance lenders in Dakota County, Minnesota

Fat Boy Data analyzed mortgage 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. 3,547 applications were decided by 250 lenders between 2023 and 2025.

Dakota County at a glance

250Active lenders35 with 20+ decisions
81.0%Market approval rate2,873 of 3,547 decided
$155KTypical loanmedian lender, $10K brackets
94%Borrower take-up2,692 loans funded

How Dakota County compares

Approval rate compared
Dakota County81.0%Minnesota82.1%All 616 counties76.5%
Typical loan compared
Dakota County$155KMinnesota$235KAll 616 counties$295K

What the data shows

Trustone Financial Credit Union made the most mortgage refinances in Dakota County, MN, 326 of them.

Vermillion State Bank approved the highest share of applications among lenders with at least 20 decisions here, 100% of 89.

The typical mortgage refinance here is $155K, 34% smaller than the Minnesota typical of $235K.

Approval rate of all 35 lenders with 20+ decisions here
0%25%50%75%100%One lender: 39% approved of 87One lender: 40% approved of 20One lender: 46% approved of 65One lender: 57% approved of 21One lender: 61% approved of 44One lender: 62% approved of 32One lender: 65% approved of 75One lender: 67% approved of 46One lender: 70% approved of 64One lender: 75% approved of 28One lender: 76% approved of 21One lender: 79% approved of 28One lender: 79% approved of 96Rocket Mortgage, LLC: 80% approved of 163Trustone Financial Credit Union: 81% approved of 421One lender: 81% approved of 152One lender: 82% approved of 38One lender: 82% approved of 45One lender: 84% approved of 43One lender: 85% approved of 41United Wholesale Mortgage, LLC: 85% approved of 206Wings Financial Credit Union: 86% approved of 268One lender: 88% approved of 25Affinity Plus: 89% approved of 171One lender: 91% approved of 22One lender: 92% approved of 71One lender: 92% approved of 84One lender: 94% approved of 31One lender: 95% approved of 20One lender: 96% approved of 25One lender: 96% approved of 26One lender: 96% approved of 80One lender: 98% approved of 43One lender: 100% approved of 89One lender: 100% approved of 33

Each dot is one lender, placed at its approval rate. Hover for the sample size; the 5 largest lenders are named, the rest are behind the unlock.

Refinance lenders in Dakota County

LenderApprovalApprovedTaken upTypical loanLoans made
1Trustone Financial Credit Union81%339 / 42196%$105K326
2Wings Financial Credit Union86%231 / 26878%$105K181
3United Wholesale Mortgage, LLCBroker only85%176 / 20698%$355K172
4Affinity Plus89%153 / 17196%$95K147
5Rocket Mortgage, LLC80%131 / 16396%$345K126

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 245 more lenders.

One email unlocks every lender Fat Boy found.

You are seeing the 5 largest mortgage 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.

  • Every lender in the market
  • Approval rate and borrower take-up
  • Typical loan size and range
  • Nearest office and distance
  • Branch count and application options
  • How easy each lender is to reach

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