PlainLender

Midwest Bank

Detroit Lakes, MN

Midwest Bank processed 199 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 177 loans with a 4.0% denial rate. Home Purchase was the primary loan purpose. Based in Detroit Lakes, MN. The approval rate of 88.9% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. Midwest Bank processed 199 HMDA-reported mortgage applications in 2024, originating 177 loans and denying 8 for a denial rate of 4.0% (applicants themselves withdrew 7 files before a decision). The average loan amount was $386,407. The lender reports under LEI 254900WRP19TBSQG0Z89 from Detroit Lakes, MN.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% — HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Midwest Bank's 88.9% origination rate tells you how often an application turned into funded money; the 4.0% denial rate is a separate read on underwriting strictness. Most activity concentrated in Conventional loans (199 applications).

How to read this page. These figures are aggregate HMDA disclosures — they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting — it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

199
Applications
177
Originated
4.0%
Denial Rate
$386,407
Avg Loan Amount

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 199 177 8 $386,407

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Midwest Bank (LEI: 254900WRP19TBSQG0Z89) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 113 101 $556,947
Refinancing 38 37 $230,526
Other 25 23 $135,000
Home Improvement 19 14 $57,105
Cash-out Refinancing 4 2 $185,000

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 153 88.9% 2.6%
Joint 3 66.7% 33.3%
Asian 2 50.0% 0.0%
American Indian or Alaska Native 1 100.0% 0.0%

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 155 89.0% 3.2%

Nearby Lenders in MN

Other HMDA-reporting lenders in MN with similar activity. Compare any two side-by-side.

Luminate Home Loans, Inc.

Minneapolis, MN

12,756 apps 8,817 originated 2.6% denied

TRUSTONE FINANCIAL CREDIT UNION

PLYMOUTH, MN

7,967 apps 4,994 originated 19.9% denied

WINGS FINANCIAL CREDIT UNION

APPLE VALLEY, MN

5,854 apps 2,938 originated 17.2% denied

Affinity Plus Federal Credit Union

Saint Paul, MN

5,230 apps 3,603 originated 14.8% denied

BLAZE CREDIT UNION

FALCON HEIGHTS, MN

4,177 apps 2,311 originated 11.6% denied
Compare Midwest Bank vs Luminate Home Loans, Inc. →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did Midwest Bank process?
Midwest Bank processed 199 mortgage applications in the 2023 HMDA reporting year. Of these, 177 were originated (approved and funded), 7 were withdrawn by the applicant, and 8 were denied.
What is Midwest Bank's mortgage approval rate?
Midwest Bank has an approval (origination) rate of 88.9%, meaning 88.9% of all applications resulted in a funded mortgage. The denial rate is 4.0%.
What is the average loan amount at Midwest Bank?
The average mortgage loan amount at Midwest Bank is $386,407.
What types of mortgage loans does Midwest Bank offer?
Midwest Bank processes Conventional loans. The most common type is Conventional with 199 applications and an average loan amount of $386,407.
What loan purposes does Midwest Bank serve?
Midwest Bank serves the following loan purposes: Home Purchase (113 applications), Refinancing (38 applications), Other (25 applications), Home Improvement (19 applications), Cash-out Refinancing (4 applications). Home Purchase is the most common purpose.
Where is Midwest Bank located?
Midwest Bank is headquartered in Detroit Lakes, MN. The lender is identified by LEI 254900WRP19TBSQG0Z89 in HMDA data.
How does Midwest Bank compare in lending across racial demographics?
Midwest Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 88.9% and denial rate of 2.6%; Joint applicants have an approval rate of 66.7% and denial rate of 33.3%; Asian applicants have an approval rate of 50.0% and denial rate of 0.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology — how this data is sourced, computed, and verified.