Associated Bank in Minnesota vs the state
27.1%Denial rate+13.46 pts vs state
30.0%Decision denial rate+13.69 pts vs state
61.6%Origination rate-4.79 pts vs state
6.75%Median rate+0.13 pts vs state
-0.08Rate spread (pts)-0.33 pts vs state
$112kMedian applicant income
553Loans originated
243Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 881 | 535 | 29.7% | 7.38% | #41 |
| 2024 | 821 | 496 | 28.3% | 7.50% | #53 |
| 2025 | 898 | 553 | 27.1% | 6.75% | #53 |
What Associated Bank lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Associated Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 264 | 150 | 79 | 29.9% |
| Ramsey County | 109 | 61 | 30 | 27.5% |
| Dakota County | 107 | 63 | 33 | 30.8% |
| Washington County | 80 | 50 | 21 | 26.3% |
| Olmsted County | 69 | 47 | 17 | 24.6% |
| Anoka County | 53 | 37 | 10 | 18.9% |
| Scott County | 42 | 30 | 8 | 19.0% |
| Chisago County | 32 | 21 | 10 | 31.3% |
| Goodhue County | 29 | 25 | 2 | 6.9% |
| Isanti County | 15 | 8 | 7 | 46.7% |
Other large lenders in Minnesota
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 8,694 | 10.6% | 6.38% |
| U.S. Bank | D | 8,624 | 30.4% | 7.88% |
| Bell Bank | A | 7,987 | 5.3% | 6.63% |
| Rocket Mortgage | C | 7,630 | 16.3% | 6.63% |
| Trustone Financial Credit Union | C | 6,066 | 20.0% | 7.25% |
| Affinity Plus | C | 5,438 | 14.6% | 6.63% |
| Blaze Credit Union | B | 4,074 | 12.3% | 6.38% |
| Wings Financial Credit Union | A | 3,960 | 16.4% | 7.25% |
| Crosscountry Mortgage | B | 3,942 | 2.1% | 6.63% |
| Fairway Independent Mortgage | B | 3,327 | 3.2% | 6.75% |
Frequently asked questions
Minnesota: 898 applications in 2025, of which 553 were originated and 243 denied.
27.1% of all applications, or 30.0% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Associated Bank originated in Minnesota in 2025 was 6.75%, against a statewide median of 6.63%.
About this data. Figures are Associated 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