Deerwood Bank in Minnesota vs the state
4.8%Denial rate-8.76 pts vs state
5.3%Decision denial rate-11.02 pts vs state
84.8%Origination rate+18.45 pts vs state
7.25%Median rate+0.63 pts vs state
0.18Rate spread (pts)-0.08 pts vs state
$128kMedian applicant income
911Loans originated
52Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 892 | 743 | 5.7% | 7.63% | #39 |
| 2024 | 948 | 799 | 3.9% | 8.00% | #44 |
| 2025 | 1,074 | 911 | 4.8% | 7.25% | #40 |
What Deerwood Bank lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Deerwood Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Crow Wing County | 191 | 158 | 9 | 4.7% |
| Hennepin County | 125 | 104 | 9 | 7.2% |
| Stearns County | 99 | 91 | 3 | 3.0% |
| Dakota County | 83 | 70 | 2 | 2.4% |
| Beltrami County | 80 | 70 | 6 | 7.5% |
| Itasca County | 57 | 54 | 1 | 1.8% |
| Ramsey County | 54 | 45 | 2 | 3.7% |
| Washington County | 45 | 36 | 3 | 6.7% |
| Wright County | 41 | 36 | 0 | 0.0% |
| Cass County | 39 | 30 | 2 | 5.1% |
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: 1,074 applications in 2025, of which 911 were originated and 52 denied.
4.8% of all applications, or 5.3% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Deerwood Bank originated in Minnesota in 2025 was 7.25%, against a statewide median of 6.63%.
About this data. Figures are Deerwood 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