Commerce Home Mortgage in Minnesota vs the state
11.5%Denial rate-2.06 pts vs state
17.7%Decision denial rate+1.30 pts vs state
52.6%Origination rate-13.81 pts vs state
8.50%Median rate+1.88 pts vs state
2.28Rate spread (pts)+2.03 pts vs state
$194kMedian applicant income
41Loans originated
9Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 35 | 19 | 17.1% | 8.63% | #326 |
| 2024 | 33 | 21 | 15.2% | 9.00% | #324 |
| 2025 | 78 | 41 | 11.5% | 8.50% | #234 |
What Commerce Home Mortgage lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Commerce Home Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 28 | 15 | 4 | 14.3% |
| Ramsey County | 11 | 8 | 1 | 9.1% |
| Washington County | 6 | 4 | 1 | 16.7% |
| Steele County | 4 | 2 | 0 | 0.0% |
| Scott County | 3 | 0 | 0 | 0.0% |
| Dakota County | 3 | 1 | 0 | 0.0% |
| Carver County | 3 | 3 | 0 | 0.0% |
| Wright County | 2 | 1 | 1 | 50.0% |
| Nicollet County | 2 | 1 | 0 | 0.0% |
| Anoka County | 2 | 2 | 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: 78 applications in 2025, of which 41 were originated and 9 denied.
11.5% of all applications, or 17.7% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Commerce Home Mortgage originated in Minnesota in 2025 was 8.50%, against a statewide median of 6.63%.
About this data. Figures are Commerce Home Mortgage'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