BoxCar Mortgage in Minnesota vs the state
1.7%Denial rate-11.91 pts vs state
1.9%Decision denial rate-14.46 pts vs state
83.1%Origination rate+16.68 pts vs state
6.50%Median rate-0.13 pts vs state
0.15Rate spread (pts)-0.10 pts vs state
$8,831kMedian applicant income
49Loans originated
1Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2024 | 32 | 26 | 0.0% | 6.56% | #328 |
| 2025 | 59 | 49 | 1.7% | 6.50% | #273 |
What BoxCar Mortgage lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most BoxCar Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Sherburne County | 10 | 7 | 0 | 0.0% |
| Hennepin County | 9 | 8 | 0 | 0.0% |
| Anoka County | 9 | 8 | 0 | 0.0% |
| Dakota County | 6 | 6 | 0 | 0.0% |
| Ramsey County | 3 | 3 | 0 | 0.0% |
| Washington County | 3 | 2 | 0 | 0.0% |
| Rice County | 3 | 2 | 0 | 0.0% |
| St. Louis County | 2 | 2 | 0 | 0.0% |
| Stearns County | 2 | 2 | 0 | 0.0% |
| Itasca County | 2 | 2 | 0 | 0.0% |
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: 59 applications in 2025, of which 49 were originated and 1 denied.
1.7% of all applications, or 1.9% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans BoxCar Mortgage originated in Minnesota in 2025 was 6.50%, against a statewide median of 6.63%.
About this data. Figures are BoxCar 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