Alerus Financial, National Association received 2,624 applications in 2025 and made
2,118 mortgages, in 197 counties across 34 states.
The median rate its borrowers got was 6.625% on a median loan of $265,000.
Of 2,378 decisions, 180 were denials — 7.6%, most often for debt-to-income ratio.
64 of its applications carried no county and are counted here but on no county page.
When Alerus Financial, National Association’s figures are published for the next year, or restated.
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Counts, medians and denial shares are computed from the Home Mortgage Disclosure Act
loan-level file for 2025, published by the Consumer Financial Protection Bureau through the FFIEC: every application
a covered lender received, as the lender reported it. A median rate is what borrowers got, not what
you will be offered — it depends on the loan, the property, your credit and the market on the day,
and no figure here is a quote. A median over fewer than 10 loans is not shown: it is a number with no meaning and a real person's rate half-exposed. Those cells say "under 10 loans" and the count is still published. This is information, not advice, and no lender pays to appear.