Lender in Minnesota · HMDA 2025
Alerus Financial, N.A. mortgages in Minnesota
Alerus Financial, N.A.'s 2025 home-purchase and refinance lending in Minnesota, compared with all lenders in the state.
Alerus Financial, N.A. originated 906 owner-occupied single-family loans in Minnesota from 932 completed applications, making it the state's #20 lender by volume.
Its median conventional purchase loan costs were $4,190 versus $5,100 for all Minnesota lenders, at a median 30-year fixed rate of 6.625% (Minnesota: 6.625%).
Loans in MN
906
of 932 applications
Denial rate
1.9%
Purchase · MN 5.2%
Rate spread
+0.07 pts
Conv. · MN +0.15 pts
Loan amount
$315,000
Purchase · MN $305,000
By loan purpose
| Purpose | Applications | Loans | Denial rate | 30-yr rate* | Rate spread* | Loan costs* | Median loan |
|---|---|---|---|---|---|---|---|
| Home purchase | 793 | 774 | 1.9% | 6.625% | +0.07 pts | $4,190 | $315,000 |
| Refinance | 107 | 103 | 3.7% | 6.125% | −0.02 pts | $3,790 | $345,000 |
| Cash-out refinance | 32 | 29 | 6.3% | 6.625% | +0.16 pts | $3,540 | $215,000 |
*Conventional loans only; medians with at least 20 loans.
Minnesota counties where Alerus Financial, N.A. ranks in the top 25
| County | Rank | Loans | Market share |
|---|---|---|---|
| Fillmore County | 4 | 17 | 6.6% |
| Olmsted County | 5 | 77 | 3.5% |
| Freeborn County | 5 | 26 | 7.4% |
| Dodge County | 7 | 12 | 3.8% |
| Mower County | 7 | 12 | 2.4% |
| Marshall County | 7 | 3 | 3.8% |
| Winona County | 9 | 8 | 1.7% |
| Faribault County | 9 | 3 | 2.4% |
| Ramsey County | 10 | 129 | 2.2% |
| Lake of the Woods County | 10 | 1 | 2.4% |
| Hennepin County | 12 | 329 | 2.0% |
| Houston County | 14 | 3 | 1.3% |
| Polk County | 15 | 8 | 2.4% |
| Goodhue County | 17 | 9 | 1.4% |
| Wilkin County | 17 | 1 | 1.3% |
| Lake County | 18 | 2 | 1.0% |
| Carver County | 21 | 24 | 1.2% |
| Hubbard County | 25 | 2 | 0.9% |
Source: FFIEC/CFPB HMDA 2025 public LAR. Statistical profile, not a review or offer. Methodology