BOKF · Minnesota · 2025

BOKF in Minnesota: approval rate, denial rate and rates (2025)

BOKF took 6 mortgage applications in Minnesota in 2025, ranking #538 of 870 lenders active in the state. It originated 33.3% of them and denied 16.7% (33.3% of the applications it decided), against a statewide denial rate of 13.6%.

6Applicationsin MN
33.3%Decision denial ratestate 16.4%
6.50%Median ratestate 6.63%
$415,000Median loanstate $215,000
$1.0MVolume4 counties

BOKF in Minnesota vs the state

16.7%Denial rate+3.07 pts vs state
33.3%Decision denial rate+16.98 pts vs state
33.3%Origination rate-33.04 pts vs state
6.50%Median rate-0.13 pts vs state
0.15Rate spread (pts)-0.10 pts vs state
$169kMedian applicant income
2Loans originated
1Denied

Trend in Minnesota

YearApplicationsOriginatedDenial rateMedian rateRank in state
20235420.0%7.06%#519
2024630.0%7.00%#506
20256216.7%6.50%#538

What BOKF lends in Minnesota

By loan purpose

Home purchase 3 50% · 0.0% denied
Refinance 3 50% · 33.3% denied

By loan type

Conventional 6 100% · 16.7% denied

Why it denied Minnesota applicants

Debt-to-income ratio 1 100%

Where in Minnesota

Counties with the most BOKF applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Dakota County 210 0.0%
Hennepin County 200 0.0%
Anoka County 101 100.0%
Cass 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: 6 applications in 2025, of which 2 were originated and 1 denied.

16.7% of all applications, or 33.3% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.

The median rate on loans BOKF originated in Minnesota in 2025 was 6.50%, against a statewide median of 6.63%.

About this data. Figures are BOKF'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