Central Bank in Minnesota vs the state
7.1%Denial rate-6.46 pts vs state
8.3%Decision denial rate-8.02 pts vs state
78.6%Origination rate+12.20 pts vs state
6.13%Median rate-0.50 pts vs state
0.49Rate spread (pts)+0.23 pts vs state
$52kMedian applicant income
11Loans originated
1Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 16 | 12 | 6.3% | 6.00% | #411 |
| 2024 | 9 | 8 | 11.1% | 5.81% | #463 |
| 2025 | 14 | 11 | 7.1% | 6.13% | #431 |
What Central Bank lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Central Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Rock County | 5 | 4 | 0 | 0.0% |
| Hennepin County | 3 | 3 | 0 | 0.0% |
| Jackson County | 2 | 2 | 0 | 0.0% |
| Pipestone County | 1 | 1 | 0 | 0.0% |
| Dakota County | 1 | 0 | 0 | 0.0% |
| Lac qui Parle County | 1 | 1 | 0 | 0.0% |
| Todd County | 1 | 0 | 1 | 100.0% |
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: 14 applications in 2025, of which 11 were originated and 1 denied.
7.1% of all applications, or 8.3% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Central Bank originated in Minnesota in 2025 was 6.13%, against a statewide median of 6.63%.
About this data. Figures are Central Bank'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