Carrington Mortgage Services in Minnesota vs the state
45.6%Denial rate+31.95 pts vs state
56.0%Decision denial rate+39.66 pts vs state
28.1%Origination rate-38.27 pts vs state
6.63%Median rate0.00 pts vs state
0.73Rate spread (pts)+0.48 pts vs state
$95kMedian applicant income
161Loans originated
261Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 429 | 110 | 52.5% | 6.63% | #78 |
| 2024 | 423 | 151 | 41.1% | 6.75% | #85 |
| 2025 | 573 | 161 | 45.6% | 6.63% | #76 |
What Carrington Mortgage Services lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Carrington Mortgage Services applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 76 | 17 | 36 | 47.4% |
| Dakota County | 50 | 16 | 20 | 40.0% |
| Anoka County | 41 | 13 | 22 | 53.7% |
| Ramsey County | 27 | 8 | 12 | 44.4% |
| Washington County | 27 | 10 | 11 | 40.7% |
| Stearns County | 26 | 5 | 12 | 46.2% |
| Wright County | 24 | 8 | 9 | 37.5% |
| Scott County | 19 | 6 | 7 | 36.8% |
| St. Louis County | 17 | 7 | 8 | 47.1% |
| Chisago County | 14 | 3 | 6 | 42.9% |
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: 573 applications in 2025, of which 161 were originated and 261 denied.
45.6% of all applications, or 56.0% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Carrington Mortgage Services originated in Minnesota in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are Carrington Mortgage Services'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