Investment property refinance lenders in Minnesota
Fat Boy Data analyzed investment property refinance activity in Minnesota to show which lenders are making these loans, how often they approve, how often borrowers accept the offer, and how much they typically finance. 2,039 applications were decided by 294 lenders between 2023 and 2025.
Minnesota at a glance
How Minnesota compares
What the data shows
Old National Bank made the most investment property refinances in Minnesota, 74 of them.
National Bank of Commerce approved the highest share of applications among lenders with at least 20 decisions here, 100% of 53.
Lenders approved 84.2% of investment property refinance applications in Minnesota, 6.5 percentage points above the the United States rate of 77.7%.
The typical investment property refinance here is $195K, 17% smaller than the the United States typical of $235K.
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.
Investment property refinance lenders in Minnesota
| Lender | Approval | Approved | Taken up | Typical loan | Loans made | |
|---|---|---|---|---|---|---|
| 1 | Trustone Financial Credit Union | 68% | 64 / 94 | 98% | $125K | 63 |
| 2 | Old National Bank | 96% | 75 / 78 | 99% | $195K | 74 |
| 3 | Alerus Financial, National Association | 89% | 64 / 72 | 86% | $125K | 55 |
| 4 | United Wholesale Mortgage, LLCBroker only | 71% | 50 / 70 | 100% | $255K | 50 |
| 5 | Kiavi Funding, Inc. | 87% | 47 / 54 | 94% | $175K | 44 |
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 289 more lenders.
One email unlocks every lender Fat Boy found.
You are seeing the 5 largest investment property refinance lenders in Minnesota. 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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