Charles Schwab Bank in Minnesota vs the state
1.7%Denial rate-11.88 pts vs state
1.7%Decision denial rate-14.63 pts vs state
98.3%Origination rate+31.91 pts vs state
5.80%Median rate-0.83 pts vs state
-0.08Rate spread (pts)-0.34 pts vs state
$270kMedian applicant income
57Loans originated
1Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 36 | 29 | 13.9% | 6.13% | #323 |
| 2024 | 32 | 27 | 12.5% | 6.13% | #325 |
| 2025 | 58 | 57 | 1.7% | 5.80% | #276 |
What Charles Schwab Bank lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Charles Schwab Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 31 | 31 | 0 | 0.0% |
| Carver County | 6 | 6 | 0 | 0.0% |
| Washington County | 5 | 5 | 0 | 0.0% |
| Ramsey County | 3 | 3 | 0 | 0.0% |
| St. Louis County | 2 | 2 | 0 | 0.0% |
| Scott County | 2 | 2 | 0 | 0.0% |
| Aitkin County | 2 | 2 | 0 | 0.0% |
| Crow Wing County | 1 | 1 | 0 | 0.0% |
| Fillmore County | 1 | 1 | 0 | 0.0% |
| Otter Tail 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: 58 applications in 2025, of which 57 were originated and 1 denied.
1.7% of all applications, or 1.7% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Charles Schwab Bank originated in Minnesota in 2025 was 5.80%, against a statewide median of 6.63%.
About this data. Figures are Charles Schwab 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