Broker Solutions in Minnesota vs the state
5.5%Denial rate-8.15 pts vs state
8.7%Decision denial rate-7.62 pts vs state
56.8%Origination rate-9.62 pts vs state
6.75%Median rate+0.13 pts vs state
0.52Rate spread (pts)+0.27 pts vs state
$92kMedian applicant income
1,842Loans originated
177Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,431 | 1,666 | 4.7% | 6.88% | #14 |
| 2024 | 3,030 | 1,895 | 5.2% | 6.88% | #13 |
| 2025 | 3,246 | 1,842 | 5.5% | 6.75% | #11 |
What Broker Solutions lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Broker Solutions applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 605 | 340 | 29 | 4.8% |
| Anoka County | 352 | 205 | 14 | 4.0% |
| Ramsey County | 245 | 145 | 11 | 4.5% |
| Dakota County | 229 | 116 | 17 | 7.4% |
| Wright County | 172 | 121 | 10 | 5.8% |
| Washington County | 157 | 89 | 11 | 7.0% |
| Sherburne County | 139 | 77 | 7 | 5.0% |
| Stearns County | 90 | 57 | 7 | 7.8% |
| St. Louis County | 90 | 43 | 6 | 6.7% |
| Scott County | 81 | 50 | 1 | 1.2% |
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: 3,246 applications in 2025, of which 1,842 were originated and 177 denied.
5.5% of all applications, or 8.7% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Broker Solutions originated in Minnesota in 2025 was 6.75%, against a statewide median of 6.63%.
About this data. Figures are Broker Solutions'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