Bankwest in Minnesota vs the state
54.7%Denial rate+41.05 pts vs state
74.8%Decision denial rate+58.45 pts vs state
18.4%Origination rate-47.95 pts vs state
8.25%Median rate+1.63 pts vs state
2.68Rate spread (pts)+2.42 pts vs state
$62kMedian applicant income
93Loans originated
276Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 430 | 64 | 70.0% | 8.30% | #77 |
| 2024 | 480 | 92 | 57.7% | 8.50% | #80 |
| 2025 | 505 | 93 | 54.7% | 8.25% | #82 |
What Bankwest lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Bankwest applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Anoka County | 85 | 20 | 47 | 55.3% |
| Dakota County | 70 | 5 | 49 | 70.0% |
| Washington County | 56 | 10 | 35 | 62.5% |
| Ramsey County | 43 | 4 | 22 | 51.2% |
| Wright County | 38 | 9 | 18 | 47.4% |
| Blue Earth County | 21 | 4 | 11 | 52.4% |
| Olmsted County | 18 | 0 | 15 | 83.3% |
| St. Louis County | 17 | 5 | 8 | 47.1% |
| McLeod County | 15 | 3 | 10 | 66.7% |
| Scott County | 15 | 1 | 9 | 60.0% |
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: 505 applications in 2025, of which 93 were originated and 276 denied.
54.7% of all applications, or 74.8% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Bankwest originated in Minnesota in 2025 was 8.25%, against a statewide median of 6.63%.
About this data. Figures are Bankwest'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