# Think Mutual Bank

> **Canonical URL:** https://saferate.com/lenders/think-mutual-bank


> **📋 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


Think Mutual Bank is a bank, headquartered in Rochester, MN, serving borrowers across 9 states, with 367 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 33% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 22% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 254900B9B6TYYGLOXT47
- **Headquarters:** Rochester, MN
- **Geographic Reach:** Multi-Region
- **States Served:** 9
- **State List:** FL, IA, IL, IN, KS, MN, MO, NE, WI
- **Markets (MSAs):** 3
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 67/100
- Rating: ●●●●○ (4/5)

### Pull Through: Strong 😀
- Score: 78/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** -0.090%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,905
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 367
- **Dollar Volume:** $144 million
- **Applications Received:** 471
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $391,567
- **Average Borrower Income:** $200,499
- **Average Property Value:** $510,204

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (70%)
- ⭐ **Purchase Gold Superstar** (70%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 70/100 | 336 | -0.070% | $1,912 | Strong 😀 |
| Jumbo | 75/100 | 31 | -0.420% | $1,788 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 297 loans, Score: 69/100 (Strong)
- Refinance: 39 loans, Score: 58/100 (Sound)

**Jumbo:**
- Purchase: 29 loans, Score: 75/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 69/100 | 326 | $133M | -0.091% | Strong 😀 |
| Refinance | 58/100 | 41 | $10M | -0.080% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MN | 333 | 0.52% | 80/100 |
| WI | 12 | 0.02% | 42/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Rochester, MN | MN | 229 | 100/100 |
| Minneapolis | MN-WI | 64 | 62/100 |
| Non |  | 43 | 42/100 |

## Where This Lender Ranks

Think Mutual Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Rochester, MN
  - [View Full Rankings](https://saferate.com/rochester-mn/best-mortgage-lenders)
- 🥇 **#1** in Rochester, MN Banks
  - [View Full Rankings](https://saferate.com/rochester-mn/best-mortgage-lenders/banks)
- 🥇 **#1** in Rochester, MN for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/rochester-mn/best-mortgage-lenders/banks/conventional-loans)
- 🥈 **#2** in Rochester, MN for Conventional Loans
  - [View Full Rankings](https://saferate.com/rochester-mn/best-mortgage-lenders/conventional-loans)
- 🥈 **#2** in Rochester, MN for Jumbo Loans
  - [View Full Rankings](https://saferate.com/rochester-mn/best-mortgage-lenders/jumbo-loans)
- 🥈 **#2** in Rochester, MN for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/rochester-mn/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#7** in Minnesota Banks
  - [View Full Rankings](https://saferate.com/minnesota/best-mortgage-lenders/banks)
- 🏆 **#8** in Minnesota for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/minnesota/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#10** in Minnesota for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/minnesota/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#13** in Minnesota
  - [View Full Rankings](https://saferate.com/minnesota/best-mortgage-lenders)
- 🏆 **#14** in Minnesota for Jumbo Loans
  - [View Full Rankings](https://saferate.com/minnesota/best-mortgage-lenders/jumbo-loans)
- 🏆 **#15** in Minnesota for Conventional Loans
  - [View Full Rankings](https://saferate.com/minnesota/best-mortgage-lenders/conventional-loans)

## Frequently Asked Questions

### What loan types does Think Mutual Bank offer?

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

### Where does Think Mutual Bank offer mortgages?

Think Mutual Bank offers mortgages in 9 states: FL, IA, IL, IN, KS, MN, MO, NE, WI.

### How competitive are Think Mutual Bank's mortgage rates?

Think Mutual Bank has a pricing score of 67/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.090% below market average.

### What type of lender is Think Mutual Bank?

Think Mutual Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Rochester, MN.

### What is Think Mutual Bank's loan approval success rate?

Think Mutual Bank has a pull-through score of 78/100 (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/think-mutual-bank

### How to Cite

> "Think Mutual Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/think-mutual-bank

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