Capital in Minnesota vs the state
4.4%Denial rate-9.25 pts vs state
5.4%Decision denial rate-10.94 pts vs state
76.1%Origination rate+9.72 pts vs state
6.75%Median rate+0.13 pts vs state
0.40Rate spread (pts)+0.15 pts vs state
$150kMedian applicant income
35Loans originated
2Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 43 | 32 | 4.7% | 6.62% | #291 |
| 2024 | 27 | 20 | 0.0% | 7.09% | #353 |
| 2025 | 46 | 35 | 4.4% | 6.75% | #309 |
What Capital lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Capital applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Clay County | 21 | 15 | 1 | 4.8% |
| Becker County | 10 | 7 | 1 | 10.0% |
| Mahnomen County | 3 | 3 | 0 | 0.0% |
| Otter Tail County | 3 | 2 | 0 | 0.0% |
| Hennepin County | 2 | 1 | 0 | 0.0% |
| Hubbard County | 2 | 2 | 0 | 0.0% |
| Norman County | 1 | 1 | 0 | 0.0% |
| Stearns County | 1 | 1 | 0 | 0.0% |
| Sherburne County | 1 | 1 | 0 | 0.0% |
| Polk County | 1 | 1 | 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: 46 applications in 2025, of which 35 were originated and 2 denied.
4.4% of all applications, or 5.4% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Capital originated in Minnesota in 2025 was 6.75%, against a statewide median of 6.63%.
About this data. Figures are Capital'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