Deerwood Bank
Deerwood Bank received 1,101 applications in 2025 and made 937 mortgages, in 68 counties across 8 states. The median rate its borrowers got was 7.250% on a median loan of $135,000. Of 1,002 decisions, 52 were denials — 5.2%, most often for credit history.
| Legal Entity Identifier | 549300ZBB5XXXOWVNS92 |
|---|---|
| Applications received | 1,101 |
| Mortgages made | 937 |
| Denied | 52 |
| Approved, not taken up | 13 |
| Withdrawn or incomplete | 99 |
| Loans bought from other lenders | 0 |
| Median rate spread over the prime offer rate | 0.175 points |
| FDIC-insured bank | Yes: Deerwood Bank, 14 offices |
By loan purpose
| Purpose | Mortgages made | Median rate | Median loan | Denied |
|---|---|---|---|---|
| Home purchase | 363 | 6.875% | $235,000 | 3.7% |
| Refinancing | 144 | 7.375% | $135,000 | 4.6% |
| Cash-out refinancing | 17 | 6.375% | $235,000 | 5.6% |
| Other purposes | 413 | 7.375% | $75,000 | 6.7% |
Where Deerwood Bank lends most
The 50 counties where it made the most mortgages in 2025. Each county page ranks every lender there.
| County | Mortgages made | Median rate | Denied |
|---|---|---|---|
| Crow Wing County, MN | 158 | 7.250% | 5.3% |
| Hennepin County, MN | 104 | 7.375% | 8.0% |
| Stearns County, MN | 91 | 7.250% | 3.2% |
| Beltrami County, MN | 70 | 7.250% | 7.9% |
| Dakota County, MN | 70 | 7.250% | 2.7% |
| Itasca County, MN | 54 | 7.250% | 1.8% |
| Ramsey County, MN | 45 | 7.250% | 4.3% |
| Washington County, MN | 36 | 7.250% | 7.5% |
| Wright County, MN | 36 | 7.250% | 0.0% |
| Aitkin County, MN | 33 | 7.250% | 5.7% |
| Anoka County, MN | 31 | 7.375% | 3.1% |
| Cass County, MN | 30 | 7.250% | 5.9% |
| Benton County, MN | 19 | 7.375% | 0.0% |
| Scott County, MN | 19 | 7.250% | 5.0% |
| Hubbard County, MN | 17 | 7.375% | 0.0% |
| Sherburne County, MN | 14 | 7.375% | 6.7% |
| Morrison County, MN | 12 | 7.263% | 0.0% |
| Carver County, MN | 9 | Under 10 loans | 0.0% |
| Chisago County, MN | 8 | Under 10 loans | 0.0% |
| Clearwater County, MN | 8 | Under 10 loans | 11.1% |
| St. Louis County, MN | 8 | Under 10 loans | 11.1% |
| Rice County, MN | 5 | Under 10 loans | 0.0% |
| Isanti County, MN | 3 | Under 10 loans | 0.0% |
| Kandiyohi County, MN | 3 | Under 10 loans | 0.0% |
| Koochiching County, MN | 3 | Under 10 loans | 25.0% |
| Pine County, MN | 3 | Under 10 loans | 0.0% |
| Burnett County, WI | 3 | Under 10 loans | 0.0% |
| Becker County, MN | 2 | Under 10 loans | 66.7% |
| Le Sueur County, MN | 2 | Under 10 loans | 0.0% |
| Mahnomen County, MN | 2 | Under 10 loans | 50.0% |
| Mille Lacs County, MN | 2 | Under 10 loans | 0.0% |
| Todd County, MN | 2 | Under 10 loans | 0.0% |
| La Crosse County, WI | 2 | Under 10 loans | 0.0% |
| Polk County, WI | 2 | Under 10 loans | 0.0% |
| St. Croix County, WI | 2 | Under 10 loans | 0.0% |
| Maricopa County, AZ | 1 | Under 10 loans | 0.0% |
| Pima County, AZ | 1 | Under 10 loans | 0.0% |
| Adams County, CO | 1 | Under 10 loans | 0.0% |
| Arapahoe County, CO | 1 | Under 10 loans | 0.0% |
| Douglas County, CO | 1 | Under 10 loans | 0.0% |
| Jefferson County, CO | 1 | Under 10 loans | 0.0% |
| Charlotte County, FL | 1 | Under 10 loans | 0.0% |
| Nassau County, FL | 1 | Under 10 loans | 0.0% |
| Pinellas County, FL | 1 | Under 10 loans | 0.0% |
| Allen County, IN | 1 | Under 10 loans | 0.0% |
| Cook County, MN | 1 | Under 10 loans | 0.0% |
| Goodhue County, MN | 1 | Under 10 loans | 0.0% |
| Houston County, MN | 1 | Under 10 loans | 0.0% |
| Kanabec County, MN | 1 | Under 10 loans | 0.0% |
| Lake County, MN | 1 | Under 10 loans | 0.0% |
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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.