Drake Bank
Drake Bank received 51 applications in 2025 and made 45 mortgages, in 13 counties across 2 states. The median rate its borrowers got was Not published on a median loan of $265,000. Of 50 decisions, 4 were denials — 8.0%. 38 of its applications carried no county and are counted here but on no county page.
| Legal Entity Identifier | 5493007GTTV61V305H74 |
|---|---|
| Applications received | 51 |
| Mortgages made | 45 |
| Denied | 4 |
| Approved, not taken up | 1 |
| Withdrawn or incomplete | 1 |
| Loans bought from other lenders | 0 |
| Median rate spread over the prime offer rate | Not published |
| FDIC-insured bank | Yes: Drake Bank, 1 offices |
By loan purpose
| Purpose | Mortgages made | Median rate | Median loan | Denied |
|---|---|---|---|---|
| Home purchase | 38 | Not published | $270,000 | 2.5% |
| Refinancing | 5 | Under 10 loans | Under 10 loans | 16.7% |
| Other purposes | 2 | Under 10 loans | Under 10 loans | 50.0% |
Where Drake Bank lends most
The 13 counties where it made the most mortgages in 2025. Each county page ranks every lender there.
| County | Mortgages made | Median rate | Denied |
|---|---|---|---|
| Hennepin County, MN | 13 | Not published | 7.1% |
| Ramsey County, MN | 9 | Under 10 loans | 0.0% |
| Dakota County, MN | 7 | Under 10 loans | 12.5% |
| Anoka County, MN | 4 | Under 10 loans | 0.0% |
| Washington County, MN | 3 | Under 10 loans | 25.0% |
| Sherburne County, MN | 2 | Under 10 loans | 0.0% |
| Pinellas County, FL | 1 | Under 10 loans | 0.0% |
| Carver County, MN | 1 | Under 10 loans | 0.0% |
| Dodge County, MN | 1 | Under 10 loans | 0.0% |
| Freeborn County, MN | 1 | Under 10 loans | 0.0% |
| Goodhue County, MN | 1 | Under 10 loans | 0.0% |
| Otter Tail County, MN | 1 | Under 10 loans | 0.0% |
| Wright County, MN | 1 | Under 10 loans | 0.0% |
Get told when this changes
When Drake Bank’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.