# MAGNIFI FINANCIAL CREDIT UNION

> **Canonical URL:** https://saferate.com/lenders/magnifi-financial-credit-union


> **📋 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


MAGNIFI FINANCIAL CREDIT UNION is a credit union, headquartered in Melrose, MN, serving borrowers across 3 states, with 449 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 20% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 19% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 549300LUSWY3HVRZHF54
- **Headquarters:** Melrose, MN
- **Geographic Reach:** Regional
- **States Served:** 3
- **State List:** MN, ND, WI
- **Markets (MSAs):** 4
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 80/100
- Rating: ●●●●○ (4/5)

### Pull Through: Exceptional 🤩
- Score: 81/100
- Rating: ●●●●● (5/5)

### Pricing Details
- **Average Rate Spread:** -0.069%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $832
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 449
- **Dollar Volume:** $107 million
- **Applications Received:** 584
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $238,318
- **Average Borrower Income:** $115,022
- **Average Property Value:** $336,314

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (70%)
- ⭐ **Purchase Gold Superstar** (78%)
- ⭐ **Refinance Gold Superstar** (63%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 73/100 | 446 | -0.066% | $829 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 336 loans, Score: 71/100 (Strong)
- Refinance: 110 loans, Score: 73/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 69/100 | 339 | $86M | -0.031% | Strong 😀 |
| Refinance | 72/100 | 110 | $21M | -0.185% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MN | 439 | 0.68% | 82/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| St. Cloud, MN | MN | 217 | 100/100 |
| Non |  | 168 | 63/100 |
| Minneapolis | MN-WI | 45 | 57/100 |
| Fargo, ND | ND-MN | 13 | 47/100 |

## Where This Lender Ranks

MAGNIFI FINANCIAL CREDIT UNION appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in St. Cloud, MN
  - [View Full Rankings](https://saferate.com/st-cloud-mn/best-mortgage-lenders)
- 🥇 **#1** in St. Cloud, MN for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/st-cloud-mn/best-mortgage-lenders/credit-unions/conventional-loans)
- 🥈 **#2** in Minnesota
  - [View Full Rankings](https://saferate.com/minnesota/best-mortgage-lenders)
- 🥈 **#2** in Minnesota Credit Unions
  - [View Full Rankings](https://saferate.com/minnesota/best-mortgage-lenders/credit-unions)
- 🥈 **#2** in Minnesota for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/minnesota/best-mortgage-lenders/credit-unions/conventional-loans)
- 🥈 **#2** in St. Cloud, MN for Conventional Loans
  - [View Full Rankings](https://saferate.com/st-cloud-mn/best-mortgage-lenders/conventional-loans)
- 🏆 **#5** in Fargo, ND for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/fargo-nd/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#9** in Minnesota for Conventional Loans
  - [View Full Rankings](https://saferate.com/minnesota/best-mortgage-lenders/conventional-loans)
- 🏆 **#15** in Fargo, ND for Conventional Loans
  - [View Full Rankings](https://saferate.com/fargo-nd/best-mortgage-lenders/conventional-loans)

## Frequently Asked Questions

### What loan types does MAGNIFI FINANCIAL CREDIT UNION offer?

MAGNIFI FINANCIAL CREDIT UNION offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does MAGNIFI FINANCIAL CREDIT UNION offer mortgages?

MAGNIFI FINANCIAL CREDIT UNION offers mortgages in 3 states: MN, ND, WI.

### How competitive are MAGNIFI FINANCIAL CREDIT UNION's mortgage rates?

MAGNIFI FINANCIAL CREDIT UNION has a pricing score of 80/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.069% below market average.

### What type of lender is MAGNIFI FINANCIAL CREDIT UNION?

MAGNIFI FINANCIAL CREDIT UNION is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Melrose, MN.

### What is MAGNIFI FINANCIAL CREDIT UNION's loan approval success rate?

MAGNIFI FINANCIAL CREDIT UNION has a pull-through score of 81/100 (Exceptional). 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/magnifi-financial-credit-union

### How to Cite

> "MAGNIFI FINANCIAL CREDIT UNION Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/magnifi-financial-credit-union

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