Lender in Minnesota · HMDA 2025
Magnifi Financial Credit Union mortgages in Minnesota
Magnifi Financial Credit Union's 2025 home-purchase and refinance lending in Minnesota, compared with all lenders in the state.
Magnifi Financial Credit Union originated 419 owner-occupied single-family loans in Minnesota from 495 completed applications.
Its median conventional purchase loan costs were $4,110 versus $5,100 for all Minnesota lenders, at a median 30-year fixed rate of 6.50% (Minnesota: 6.625%).
Loans in MN
419
of 495 applications
Denial rate
2.7%
Purchase · MN 5.2%
Rate spread
−0.04 pts
Conv. · MN +0.15 pts
Loan amount
$235,000
Purchase · MN $305,000
By loan purpose
| Purpose | Applications | Loans | Denial rate | 30-yr rate* | Rate spread* | Loan costs* | Median loan |
|---|---|---|---|---|---|---|---|
| Home purchase | 330 | 293 | 2.7% | 6.500% | −0.04 pts | $4,110 | $235,000 |
| Refinance | 121 | 86 | 17.4% | — | −0.27 pts | $2,970 | $175,000 |
| Cash-out refinance | 44 | 40 | 2.3% | — | −0.53 pts | $2,850 | $165,000 |
*Conventional loans only; medians with at least 20 loans.
Minnesota counties where Magnifi Financial Credit Union ranks in the top 25
| County | Rank | Loans | Market share |
|---|---|---|---|
| Stearns County | 1 | 167 | 8.5% |
| Todd County | 1 | 43 | 16.2% |
| Morrison County | 1 | 34 | 8.8% |
| Pope County | 1 | 13 | 11.5% |
| Wadena County | 4 | 8 | 6.0% |
| Kandiyohi County | 5 | 23 | 5.1% |
| Douglas County | 9 | 12 | 2.8% |
| Meeker County | 9 | 8 | 2.8% |
| Otter Tail County | 14 | 10 | 1.6% |
| Traverse County | 15 | 1 | 3.0% |
| Swift County | 17 | 2 | 2.3% |
| Benton County | 20 | 8 | 1.5% |
| Wilkin County | 21 | 1 | 1.3% |
| Clay County | 22 | 11 | 1.2% |
| Stevens County | 23 | 1 | 1.3% |
Source: FFIEC/CFPB HMDA 2025 public LAR. Statistical profile, not a review or offer. Methodology