# Frandsen Bank & Trust

> **Canonical URL:** https://saferate.com/lenders/frandsen-bank-trust


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Frandsen Bank & Trust is a bank, headquartered in Lonsdale, MN, serving borrowers across 8 states, with 518 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 57% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 27% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300ZZZUYWXK72JD21
- **Headquarters:** Lonsdale, MN
- **Geographic Reach:** Multi-Region
- **States Served:** 8
- **State List:** AZ, FL, IA, MN, ND, SD, WI, WY
- **Markets (MSAs):** 6
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 43/100
- Rating: ●●●○○ (3/5)

### Pull Through: Strong 😀
- Score: 73/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.070%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,464
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 518
- **Dollar Volume:** $160 million
- **Applications Received:** 672
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $307,915
- **Average Borrower Income:** $170,741
- **Average Property Value:** $446,853

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (63%)
- ⭐ **Jumbo Gold Superstar** (70%)
- ⭐ **Purchase Gold Superstar** (63%)
- ⭐ **Refinance Gold Superstar** (63%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 71/100 | 492 | +0.097% | $2,399 | Strong 😀 |
| Jumbo | 68/100 | 21 | -0.486% | $3,865 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 411 loans, Score: 69/100 (Strong)
- Refinance: 81 loans, Score: 65/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 66/100 | 435 | $139M | +0.075% | Strong 😀 |
| Refinance | 64/100 | 83 | $21M | +0.048% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MN | 418 | 0.65% | 81/100 |
| WI | 60 | 0.09% | 60/100 |
| ND | 29 | 0.40% | 55/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 190 | 64/100 |
| Minneapolis | MN-WI | 117 | 68/100 |
| Duluth, MN | MN-WI | 115 | 79/100 |
| Grand Forks, ND | ND-MN | 37 | 78/100 |
| Rochester, MN | MN | 14 | 48/100 |
| Mankato, MN | MN | 11 | 50/100 |

## Where This Lender Ranks

Frandsen Bank & Trust appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥈 **#2** in Duluth, MN Banks
  - [View Full Rankings](https://saferate.com/duluth-mn/best-mortgage-lenders/banks)
- 🥉 **#3** in Duluth, MN
  - [View Full Rankings](https://saferate.com/duluth-mn/best-mortgage-lenders)
- 🏆 **#4** in Minnesota for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/minnesota/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#4** in Grand Forks, ND Banks
  - [View Full Rankings](https://saferate.com/grand-forks-nd/best-mortgage-lenders/banks)
- 🏆 **#4** in Mankato, MN for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/mankato-mn/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#5** in Duluth, MN for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/duluth-mn/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#6** in Grand Forks, ND
  - [View Full Rankings](https://saferate.com/grand-forks-nd/best-mortgage-lenders)
- 🏆 **#6** in Grand Forks, ND for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/grand-forks-nd/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#7** in Minnesota for Jumbo Loans
  - [View Full Rankings](https://saferate.com/minnesota/best-mortgage-lenders/jumbo-loans)
- 🏆 **#7** in Minnesota for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/minnesota/best-mortgage-lenders/banks/usda-loans)
- 🏆 **#7** in Minneapolis for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/minneapolis/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#8** in Duluth, MN for Conventional Loans
  - [View Full Rankings](https://saferate.com/duluth-mn/best-mortgage-lenders/conventional-loans)
- 🏆 **#10** in Grand Forks, ND for Conventional Loans
  - [View Full Rankings](https://saferate.com/grand-forks-nd/best-mortgage-lenders/conventional-loans)
- 🏆 **#10** in Mankato, MN for Conventional Loans
  - [View Full Rankings](https://saferate.com/mankato-mn/best-mortgage-lenders/conventional-loans)
- 🏆 **#11** in North Dakota Banks
  - [View Full Rankings](https://saferate.com/north-dakota/best-mortgage-lenders/banks)
- 🏆 **#12** in Minnesota for USDA Loans
  - [View Full Rankings](https://saferate.com/minnesota/best-mortgage-lenders/usda-loans)
- 🏆 **#13** in Minnesota Banks
  - [View Full Rankings](https://saferate.com/minnesota/best-mortgage-lenders/banks)
- 🏆 **#13** in Minnesota for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/minnesota/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#13** in Minneapolis Banks
  - [View Full Rankings](https://saferate.com/minneapolis/best-mortgage-lenders/banks)
- 🏆 **#13** in Minneapolis for Jumbo Loans
  - [View Full Rankings](https://saferate.com/minneapolis/best-mortgage-lenders/jumbo-loans)

## Frequently Asked Questions

### What loan types does Frandsen Bank & Trust offer?

Frandsen Bank & Trust offers the following mortgage loan types: Conventional, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Frandsen Bank & Trust offer mortgages?

Frandsen Bank & Trust offers mortgages in 8 states: AZ, FL, IA, MN, ND, SD, WI, WY.

### How competitive are Frandsen Bank & Trust's mortgage rates?

Frandsen Bank & Trust has a pricing score of 43/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.070% above market average.

### What type of lender is Frandsen Bank & Trust?

Frandsen Bank & Trust is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Lonsdale, MN.

### What is Frandsen Bank & Trust's loan approval success rate?

Frandsen Bank & Trust has a pull-through score of 73/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/frandsen-bank-trust

### How to Cite

> "Frandsen Bank & Trust Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/frandsen-bank-trust

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