Citibank · Minnesota · 2025

Citibank in Minnesota: approval rate, denial rate and rates (2025)

Citibank took 87 mortgage applications in Minnesota in 2025, ranking #223 of 870 lenders active in the state. It originated 32.2% of them and denied 21.8% (38.8% of the applications it decided), against a statewide denial rate of 13.6%.

87Applicationsin MN
38.8%Decision denial ratestate 16.4%
6.31%Median ratestate 6.63%
$155,000Median loanstate $215,000
$27MVolume23 counties

Citibank in Minnesota vs the state

21.8%Denial rate+8.24 pts vs state
38.8%Decision denial rate+22.43 pts vs state
32.2%Origination rate-34.19 pts vs state
6.31%Median rate-0.31 pts vs state
-0.13Rate spread (pts)-0.39 pts vs state
$172kMedian applicant income
28Loans originated
19Denied

Trend in Minnesota

YearApplicationsOriginatedDenial rateMedian rateRank in state
202361281.6%5.63%#243
2024592813.6%6.88%#243
2025872821.8%6.31%#223

What Citibank lends in Minnesota

By loan purpose

Home purchase 33 38% · 3.0% denied
Refinance 8 9% · 0.0% denied
Cash-out refinance 7 8% · 14.3% denied
Home improvement 21 24% · 28.6% denied
Other / HELOC 18 21% · 61.1% denied

By loan type

Conventional 87 100% · 21.8% denied

Why it denied Minnesota applicants

Debt-to-income ratio 10 53%
Credit history 7 37%
Collateral 2 11%

Where in Minnesota

Counties with the most Citibank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Hennepin County 30133 10.0%
Ramsey County 1233 25.0%
Carver County 631 16.7%
Scott County 610 0.0%
Dakota County 522 40.0%
Anoka County 301 33.3%
Washington County 312 66.7%
Olmsted County 310 0.0%
Crow Wing County 220 0.0%
Chisago County 200 0.0%

Other large lenders in Minnesota

LenderGradeApplicationsDenial rateMedian rate
United Shore Financial ServicesB 8,69410.6%6.38%
U.S. BankD 8,62430.4%7.88%
Bell BankA 7,9875.3%6.63%
Rocket MortgageC 7,63016.3%6.63%
Trustone Financial Credit UnionC 6,06620.0%7.25%
Affinity PlusC 5,43814.6%6.63%
Blaze Credit UnionB 4,07412.3%6.38%
Wings Financial Credit UnionA 3,96016.4%7.25%
Crosscountry MortgageB 3,9422.1%6.63%
Fairway Independent MortgageB 3,3273.2%6.75%

Frequently asked questions

Minnesota: 87 applications in 2025, of which 28 were originated and 19 denied.

21.8% of all applications, or 38.8% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.

The median rate on loans Citibank originated in Minnesota in 2025 was 6.31%, against a statewide median of 6.63%.

About this data. Figures are Citibank'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