Lender profile · HMDA 2023–2025
Magnifi Financial Credit Union mortgage approval rates & lending data
Magnifi Financial Credit Union decided 1,463 mortgage applications and funded 1,242 loans across the 616 counties Fat Boy Data covers, 2023–2025.
Approval by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 98% | 627 / 641 | 93% | $205K | 582 |
| Home improvement loans | 85% | 147 / 173 | 95% | $55K | 140 |
| Cash-out refinance | 90% | 203 / 226 | 91% | $65K | 184 |
| Refinance | 86% | 284 / 331 | 90% | $85K | 257 |
| Investment property purchase | 93% | 57 / 61 | 93% | $195K | 53 |
Magnifi Financial Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Minnesota | 92% | $195K | 1,438 | 1,219 |
| North Dakota | 100% | $295K | 20 | 20 |
| Arizona | 0% | — | 1 | 0 |
| Florida | 100% | $245K | 1 | 1 |
| Mississippi | 100% | $325K | 1 | 1 |
| Nevada | 0% | — | 1 | 0 |
| South Dakota | 100% | $315K | 1 | 1 |
Covers the 616 counties in the Fat Boy Data footprint, which is 79.6% of the US population — not every county in each state. Methodology.