Affinity Plus · Minnesota · 2025

Affinity Plus in Minnesota: approval rate, denial rate and rates (2025)

Affinity Plus took 5,438 mortgage applications in Minnesota in 2025, ranking #6 of 870 lenders active in the state. It originated 67.2% of them and denied 14.6% (17.5% of the applications it decided), against a statewide denial rate of 13.6%.

5.4kApplicationsin MN
17.5%Decision denial ratestate 16.4%
6.63%Median ratestate 6.63%
$75,000Median loanstate $215,000
$384MVolume81 counties

Affinity Plus in Minnesota vs the state

14.6%Denial rate+0.96 pts vs state
17.5%Decision denial rate+1.13 pts vs state
67.2%Origination rate+0.86 pts vs state
6.63%Median rate0.00 pts vs state
0.20Rate spread (pts)-0.05 pts vs state
$117kMedian applicant income
3,656Loans originated
792Denied

Trend in Minnesota

YearApplicationsOriginatedDenial rateMedian rateRank in state
20235,1513,55213.5%6.74%#5
20245,0303,46814.9%7.00%#6
20255,4383,65614.6%6.63%#6

What Affinity Plus lends in Minnesota

By loan purpose

Home purchase 594 11% · 1.7% denied
Refinance 1,024 19% · 10.5% denied
Cash-out refinance 273 5% · 36.6% denied
Home improvement 1,704 31% · 7.9% denied
Other / HELOC 1,843 34% · 23.9% denied

By loan type

Conventional 5,430 100% · 14.6% denied
VA 8 0% · 25.0% denied

Why it denied Minnesota applicants

Debt-to-income ratio 430 54%
Credit history 215 27%
Collateral 138 17%
Employment history 5 1%
Insufficient cash 3 0%
Unverifiable information 1 0%

Where in Minnesota

Counties with the most Affinity Plus applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Hennepin County 801496120 15.0%
Ramsey County 54637465 11.9%
Dakota County 49531780 16.2%
Anoka County 38924570 18.0%
Itasca County 31723342 13.2%
Washington County 29820843 14.4%
St. Louis County 22614337 16.4%
Beltrami County 22116725 11.3%
Isanti County 16411231 18.9%
Olmsted County 1318720 15.3%

Other large lenders in Minnesota

LenderGradeApplicationsDenial rateMedian rate
United Shore Financial ServicesB 8,69410.6%6.38%
U.S. BankD 8,62430.4%7.88%
Bell BankA 7,9875.3%6.63%
Rocket MortgageC 7,63016.3%6.63%
Trustone Financial Credit UnionC 6,06620.0%7.25%
Blaze Credit UnionB 4,07412.3%6.38%
Wings Financial Credit UnionA 3,96016.4%7.25%
Crosscountry MortgageB 3,9422.1%6.63%
Fairway Independent MortgageB 3,3273.2%6.75%
Broker SolutionsD 3,2465.5%6.75%

Frequently asked questions

Minnesota: 5,438 applications in 2025, of which 3,656 were originated and 792 denied.

14.6% of all applications, or 17.5% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.

The median rate on loans Affinity Plus originated in Minnesota in 2025 was 6.63%, against a statewide median of 6.63%.

About this data. Figures are Affinity Plus's own HMDA filing for properties located in Minnesota, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology