Investment property refinance lenders in Minnesota
Fat Boy Data analyzed investment property refinance activity in Minnesota to show which lenders are making these loans, how often they approve, how often borrowers accept the offer, and how much they typically finance. 2,039 applications were decided by 294 lenders between 2023 and 2025.
Minnesota at a glance
How Minnesota compares
What the data shows
Old National Bank made the most investment property refinances in Minnesota, 74 of them.
National Bank of Commerce approved the highest share of applications among lenders with at least 20 decisions here, 100% of 53.
Lenders approved 84.2% of investment property refinance applications in Minnesota, 6.5 percentage points above the the United States rate of 77.7%.
The typical investment property refinance here is $195K, 17% smaller than the the United States typical of $235K.
Each dot is one lender, placed at its approval rate. Hover for the name and sample size.
Investment property refinance lenders in Minnesota
| Lender | Approval | Approved | Taken up | Typical loan | Loans made | |
|---|---|---|---|---|---|---|
| 1 | Trustone Financial Credit Union | 68% | 64 / 94 | 98% | $125K | 63 |
| 2 | Old National Bank | 96% | 75 / 78 | 99% | $195K | 74 |
| 3 | Alerus Financial, National Association | 89% | 64 / 72 | 86% | $125K | 55 |
| 4 | United Wholesale Mortgage, LLCBroker only | 71% | 50 / 70 | 100% | $255K | 50 |
| 5 | Kiavi Funding, Inc. | 87% | 47 / 54 | 94% | $175K | 44 |
Ranked by lending volume. Approval is the share of decided applications a lender approved; taken up is the share of approvals the borrower accepted. Lenders with fewer than 20 decisions are marked as a limited sample and are never used for a “highest approval” claim. How these numbers are built.
Fat Boy found 289 more lenders.
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You are seeing the 5 largest investment property refinance lenders in Minnesota. Unlock every lender who decided one of these loans here, what they approved, how much borrowers actually took, and how far the nearest office is.
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