Two Harbors FCU
Two Harbors, MN
Two Harbors FCU processed 78 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 76 loans with a 2.6% denial rate. Cash-out Refinancing was the primary loan purpose. Based in Two Harbors, MN. The approval rate of 97.4% 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. Two Harbors FCU processed 78 HMDA-reported mortgage applications in 2024, originating 76 loans and denying 2 for a denial rate of 2.6%. The average loan amount was $69,872 at a 6.857% average note rate, and applicants self-reported an average income of $30,000. The lender reports under LEI 254900HBR13MJYNT3634 from Two Harbors, 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Two Harbors FCU's 97.4% origination rate tells you how often an application turned into funded money; the 2.6% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Insufficient cash, Debt-to-income ratio, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (78 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.
Lending Activity
| Type | Applications | Originated | Denied | Avg Loan |
|---|---|---|---|---|
| Conventional | 78 | 76 | 2 | $69,872 |
Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Two Harbors FCU (LEI: 254900HBR13MJYNT3634) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.
Denial Analysis
Loan Purpose Breakdown
| Purpose | Applications | Originated | Avg Loan |
|---|---|---|---|
| Cash-out Refinancing | 38 | 38 | $75,526 |
| Other | 26 | 25 | $54,231 |
| Home Improvement | 8 | 8 | $60,000 |
| Home Purchase | 4 | 4 | $150,000 |
| Refinancing | 2 | 1 | $45,000 |
Geographic Coverage — Lending by Race
Derived race categories as reported under HMDA. Source: CFPB.
| Race | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| White | 78 | 97.4% | 2.6% |
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 | 78 | 97.4% | 2.6% |
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
TRUSTONE FINANCIAL CREDIT UNION
PLYMOUTH, MN
WINGS FINANCIAL CREDIT UNION
APPLE VALLEY, MN
Affinity Plus Federal Credit Union
Saint Paul, MN
BLAZE CREDIT UNION
FALCON HEIGHTS, MN
Mortgage Lending Guides
Frequently Asked Questions
How many mortgage applications did Two Harbors FCU process?
What is Two Harbors FCU's mortgage approval rate?
What is the average loan amount at Two Harbors FCU?
What are the most common reasons for mortgage denial at Two Harbors FCU?
What types of mortgage loans does Two Harbors FCU offer?
What loan purposes does Two Harbors FCU serve?
Where is Two Harbors FCU located?
How does Two Harbors FCU compare in lending across racial demographics?
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.