Applications / Mortgage Analytics / Lenders / Utah / Thrivent Bank
Salt Lake City, UT · Depository institution · FDIC · 165 loans in 2025
Thrivent Bank's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
165
loans originated, 2025
234
applications, 2025
36
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Thrivent Bank, reporting for the first time in 2025, is a small national lender whose business is mostly home-improvement and other loans rather than mortgages to buy a home.
It first reported in 2025, with 165 loans spread across 36 states and 77 metros. Its biggest market is Minneapolis-St. Paul, where it ranked 328 of 688 lenders. Nowhere does it hold a meaningful share; it is a thin national lender rather than a local one.
Home-improvement loans made up 30.9% of its lending and other-purpose loans another 30.9%. Purchases were 21.8% and refinances 16.4%. That mix fits its small typical loan of $85,000, against $155,000 at similar lenders (depository institutions making between a quarter and four times as many loans). All its loans were conventional.
Only 1.8% of its loans were higher-priced, meaning a rate well above the average for similar loans, against 13.6% at similar lenders. Its typical rate, 6.60%, sat near the middle of its peers. With only 13 peers, these comparisons are rough.
Of its loans, 33.5% went to low- and moderate-income (LMI) borrowers, against 21.7% at similar lenders. With one year of data, it is too soon to tell whether the pattern will hold.
Similar lenders: same lender type, originations between a quarter and four times the lender's. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2025–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Thrivent Bank took 234 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 30.9% · Other 30.9% · Purchase 21.8% · Refinance 16.4%
Conventional 100.0% · of 165 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Minnesota | 35 | 21.2% |
| Wisconsin | 17 | 10.3% |
| Illinois | 10 | 6.1% |
| Florida | 9 | 5.5% |
| California | 8 | 4.8% |
| Iowa | 7 | 4.2% |
| Ohio | 7 | 4.2% |
| Colorado | 6 | 3.6% |
| Indiana | 6 | 3.6% |
| Texas | 6 | 3.6% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Minneapolis-St. Paul-Bloomington | 23 |
| Appleton | 6 |
| Chicago-Naperville-Schaumburg | 6 |
| Des Moines-West Des Moines | 4 |
| Lake County-Porter County-Jasper County | 4 |
| Riverside-San Bernardino-Ontario | 4 |
| Houston-Pasadena-The Woodlands | 3 |
| St. Louis | 3 |
| Tampa | 3 |
| Toledo | 3 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 2549004XDCE3LGQW7H72 | 2025–2025 |
Established 6 January 2025. Reported under HMDA in 2025.
Mergers, name changes, data editions and corrections: Thrivent Bank's data.
Thrivent Bank's data
$215
Thrivent Bank and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
Buy Thrivent Bank's data, $215Jenner Mortgage Analytics: all the data
$2,110
Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
Buy the data, $2,110Jenner, the SAS-compatible software
See prices
Jenner runs programs written in the SAS language. It drew every chart on these pages and fitted the fair-lending model, PROC GLIMMIX on 3.5 million applications. Run the programs that come with the data, or your own.
Get JennerQuestions, or the data and Jenner together: [email protected]