Better Mortgage in Minnesota vs the state
28.7%Denial rate+15.06 pts vs state
49.4%Decision denial rate+33.09 pts vs state
28.0%Origination rate-38.35 pts vs state
7.13%Median rate+0.50 pts vs state
0.65Rate spread (pts)+0.40 pts vs state
$126kMedian applicant income
130Loans originated
133Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 126 | 65 | 3.2% | 6.13% | #160 |
| 2024 | 142 | 48 | 16.2% | 6.50% | #156 |
| 2025 | 464 | 130 | 28.7% | 7.13% | #86 |
What Better Mortgage lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Better Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 125 | 34 | 32 | 25.6% |
| Dakota County | 43 | 12 | 13 | 30.2% |
| Ramsey County | 40 | 9 | 9 | 22.5% |
| Anoka County | 30 | 6 | 5 | 16.7% |
| Washington County | 24 | 8 | 8 | 33.3% |
| St. Louis County | 17 | 9 | 6 | 35.3% |
| Wright County | 15 | 7 | 3 | 20.0% |
| Olmsted County | 11 | 4 | 5 | 45.5% |
| Scott County | 9 | 4 | 1 | 11.1% |
| Goodhue County | 9 | 0 | 4 | 44.4% |
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: 464 applications in 2025, of which 130 were originated and 133 denied.
28.7% of all applications, or 49.4% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Better Mortgage originated in Minnesota in 2025 was 7.13%, against a statewide median of 6.63%.
About this data. Figures are Better Mortgage'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