Bpl Mortgage Trust · Minnesota · 2025

Bpl Mortgage Trust in Minnesota: approval rate, denial rate and rates (2025)

Bpl Mortgage Trust took 27 mortgage applications in Minnesota in 2025, ranking #356 of 870 lenders active in the state. It originated 63.0% of them and denied 25.9% (28.0% of the applications it decided), against a statewide denial rate of 13.6%.

27Applicationsin MN
28.0%Decision denial ratestate 16.4%
7.69%Median ratestate 6.63%
$215,000Median loanstate $215,000
$3.9MVolume11 counties

Bpl Mortgage Trust in Minnesota vs the state

25.9%Denial rate+12.33 pts vs state
28.0%Decision denial rate+11.65 pts vs state
63.0%Origination rate-3.41 pts vs state
7.69%Median rate+1.06 pts vs state
Rate spread (pts)
Median applicant income
17Loans originated
7Denied

Trend in Minnesota

YearApplicationsOriginatedDenial rateMedian rateRank in state
2024161025.0%7.75%#402
2025271725.9%7.69%#356

What Bpl Mortgage Trust lends in Minnesota

By loan purpose

Home purchase 15 56% · 20.0% denied
Refinance 4 15% · 50.0% denied
Cash-out refinance 8 30% · 25.0% denied

By loan type

Conventional 27 100% · 25.9% denied

Why it denied Minnesota applicants

Other 3 43%
Collateral 3 43%
Credit history 1 14%

Where in Minnesota

Counties with the most Bpl Mortgage Trust applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Hennepin County 734 57.1%
Ramsey County 550 0.0%
Dakota County 440 0.0%
St. Louis County 431 25.0%
Itasca County 110 0.0%
Anoka County 100 0.0%
Stearns County 101 100.0%
Pine County 100 0.0%
Olmsted County 101 100.0%
Isanti 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: 27 applications in 2025, of which 17 were originated and 7 denied.

25.9% of all applications, or 28.0% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.

The median rate on loans Bpl Mortgage Trust originated in Minnesota in 2025 was 7.69%, against a statewide median of 6.63%.

About this data. Figures are Bpl Mortgage Trust'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