American National Bank · Minnesota · 2025

American National Bank in Minnesota: approval rate, denial rate and rates (2025)

American National Bank took 84 mortgage applications in Minnesota in 2025, ranking #226 of 870 lenders active in the state. It originated 84.5% of them and denied 8.3% (8.8% of the applications it decided), against a statewide denial rate of 13.6%.

84Applicationsin MN
8.8%Decision denial ratestate 16.4%
7.05%Median ratestate 6.63%
$200,000Median loanstate $215,000
$18MVolume14 counties

American National Bank in Minnesota vs the state

8.3%Denial rate-5.27 pts vs state
8.8%Decision denial rate-7.60 pts vs state
84.5%Origination rate+18.15 pts vs state
7.05%Median rate+0.42 pts vs state
0.30Rate spread (pts)+0.05 pts vs state
$271kMedian applicant income
71Loans originated
7Denied

Trend in Minnesota

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023916224.2%8.15%#193
2024795421.5%8.50%#219
202584718.3%7.05%#226

What American National Bank lends in Minnesota

By loan purpose

Home purchase 12 14% · 16.7% denied
Refinance 37 44% · 2.7% denied
Cash-out refinance 1 1% · 0.0% denied
Home improvement 21 25% · 14.3% denied
Other / HELOC 13 15% · 7.7% denied

By loan type

Conventional 84 100% · 8.3% denied

Why it denied Minnesota applicants

Debt-to-income ratio 4 57%
Collateral 1 14%
Other 1 14%
Incomplete application 1 14%

Where in Minnesota

Counties with the most American National Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Hennepin County 33311 3.0%
Ramsey County 13112 15.4%
Washington County 961 11.1%
Anoka County 861 12.5%
Dakota County 640 0.0%
Scott County 541 20.0%
Carver County 330 0.0%
Stearns County 110 0.0%
Sherburne County 110 0.0%
Clay County 110 0.0%

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%
Affinity PlusC 5,43814.6%6.63%
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%

Frequently asked questions

Minnesota: 84 applications in 2025, of which 71 were originated and 7 denied.

8.3% of all applications, or 8.8% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.

The median rate on loans American National Bank originated in Minnesota in 2025 was 7.05%, against a statewide median of 6.63%.

About this data. Figures are American National Bank'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