Investment property improvement lenders in St. Louis County, Minnesota
Fat Boy Data analyzed investment home improvement loan activity in St. Louis County, Minnesota, home to Duluth, to show which lenders are making these loans, how often they approve, how often borrowers accept the offer, and how much they typically finance. 151 applications were decided by 41 lenders between 2023 and 2025.
St. Louis County at a glance
How St. Louis County compares
What the data shows
Frandsen Bank & Trust made the most investment home improvement loans in St. Louis County, MN, 24 of them.
Frandsen Bank & Trust approved the highest share of applications among lenders with at least 20 decisions here, 89% of 27.
Lenders approved 70.2% of investment home improvement loan applications in St. Louis County, MN, 12.8 percentage points above the Minnesota rate of 57.4%.
The typical investment home improvement loan here is $105K, 24% larger than the Minnesota typical of $85K.
No lender with a meaningful sample here has a typical investment home improvement loan at or below $35K, so small jobs are poorly served by the banks in this market.
Investment property improvement lenders in St. Louis County
| Lender | Approval | Approved | Taken up | Typical loan | Loans made | |
|---|---|---|---|---|---|---|
| 1 | Frandsen Bank & Trust | 89% | 24 / 27 | 100% | $105K | 24 |
| 2 | U.S. Bank National AssociationLimited sample | 9% | 1 / 11 | 100% | $255K | 1 |
| 3 | Affinity PlusLimited sample | 60% | 6 / 10 | 100% | $65K | 6 |
| 4 | Members CooperativeLimited sample | 88% | 7 / 8 | 100% | $135K | 7 |
| 5 | Harbor Pointe Credit UnionLimited sample | 88% | 7 / 8 | 100% | $105K | 7 |
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 36 more lenders.
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You are seeing the 5 largest investment home improvement loan lenders in St. Louis 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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