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home improvement loan lenders · HMDA 2023–2025

Home improvement loan lenders in Olmsted County, Minnesota

Fat Boy Data analyzed home improvement loan activity in Olmsted County, 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. 1,400 applications were decided by 64 lenders between 2023 and 2025.

Olmsted County at a glance

64Active lenders13 with 20+ decisions
79.4%Market approval rate1,112 of 1,400 decided
$55KTypical loanmedian lender, $10K brackets
96%Borrower take-up1,070 loans funded

How Olmsted County compares

Approval rate compared
Olmsted County79.4%Minnesota75.1%All 616 counties62.7%
Typical loan compared
Olmsted County$55KMinnesota$65KAll 616 counties$75K

What the data shows

Think Mutual Bank made the most home improvement loans in Olmsted County, MN, 318 of them.

That is 30% of every home improvement loan originated here, so this market is unusually concentrated in one lender.

Mayo Employees Federal Credit Union approved the highest share of applications among lenders with at least 20 decisions here, 93% of 237.

The typical home improvement loan here is $55K, 15% smaller than the Minnesota typical of $65K.

Only 2 lenders here typically write at or below $35K: Alerus Financial, National Association, Home Federal Savings Bank.

Approval rate of all 13 lenders with 20+ decisions here
0%25%50%75%100%Discover Bank: 33% approved of 21U.S. Bank National Association: 44% approved of 84Associated Bank, National Association: 69% approved of 36Think Mutual Bank: 80% approved of 402First Alliance Credit Union: 82% approved of 50Home Federal Savings Bank: 83% approved of 24Merchants Bank, National Association: 85% approved of 46Bell Bank: 86% approved of 36ALTRA Federal Credit Union: 87% approved of 77Alerus Financial, National Association: 89% approved of 28Affinity Plus: 91% approved of 110Coastal Community Bank: 91% approved of 22Mayo Employees Federal Credit Union: 93% approved of 237

Each dot is one lender, placed at its approval rate. Hover for the name and sample size.

Home improvement loan lenders in Olmsted County

LenderApprovalApprovedTaken upTypical loanLoans made
1Think Mutual Bank80%321 / 40299%$55K318
2Mayo Employees Federal Credit Union93%220 / 23798%$45K216
3Affinity Plus91%100 / 11098%$45K98
4U.S. Bank National Association44%37 / 8495%$55K35
5ALTRA Federal Credit Union87%67 / 7794%$55K63

Ranked by lending volume. Approval is the share of decided applications a lender approved; taken up is the share of approvals the borrower accepted. Lenders with fewer than 20 decisions are marked as a limited sample and are never used for a “highest approval” claim. How these numbers are built.

Fat Boy found 59 more lenders.

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You are seeing the 5 largest home improvement loan lenders in Olmsted County. Unlock every lender who decided one of these loans here, what they approved, how much borrowers actually took, and how far the nearest office is.

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