Bell Bank in Minnesota vs the state
5.3%Denial rate-8.33 pts vs state
6.0%Decision denial rate-10.35 pts vs state
81.7%Origination rate+15.33 pts vs state
6.63%Median rate0.00 pts vs state
0.21Rate spread (pts)-0.04 pts vs state
$125kMedian applicant income
6,525Loans originated
421Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 6,779 | 5,744 | 4.4% | 6.99% | #2 |
| 2024 | 7,482 | 6,342 | 4.7% | 6.99% | #2 |
| 2025 | 7,987 | 6,525 | 5.3% | 6.63% | #3 |
What Bell Bank lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Bell Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 2,250 | 1,846 | 97 | 4.3% |
| Ramsey County | 777 | 642 | 29 | 3.7% |
| Dakota County | 653 | 526 | 42 | 6.4% |
| Washington County | 595 | 487 | 26 | 4.4% |
| Anoka County | 580 | 490 | 29 | 5.0% |
| Clay County | 311 | 233 | 40 | 12.9% |
| Wright County | 264 | 220 | 9 | 3.4% |
| Scott County | 247 | 211 | 8 | 3.2% |
| Carver County | 240 | 201 | 7 | 2.9% |
| Otter Tail County | 197 | 161 | 11 | 5.6% |
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% |
| 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% |
| Broker Solutions | D | 3,246 | 5.5% | 6.75% |
Frequently asked questions
Minnesota: 7,987 applications in 2025, of which 6,525 were originated and 421 denied.
5.3% of all applications, or 6.0% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Bell Bank originated in Minnesota in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are Bell 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