Discover Bank in Minnesota vs the state
48.0%Denial rate+34.40 pts vs state
74.0%Decision denial rate+57.62 pts vs state
16.7%Origination rate-49.69 pts vs state
9.10%Median rate+2.47 pts vs state
2.51Rate spread (pts)+2.26 pts vs state
$108kMedian applicant income
163Loans originated
469Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 3,207 | 455 | 44.6% | 9.49% | #11 |
| 2024 | 3,180 | 568 | 47.6% | 8.95% | #11 |
| 2025 | 977 | 163 | 48.0% | 9.10% | #47 |
What Discover Bank lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Discover Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 173 | 18 | 90 | 52.0% |
| Dakota County | 111 | 16 | 52 | 46.8% |
| Anoka County | 80 | 14 | 37 | 46.3% |
| Ramsey County | 60 | 8 | 31 | 51.7% |
| Washington County | 59 | 14 | 23 | 39.0% |
| Olmsted County | 37 | 5 | 21 | 56.8% |
| Wright County | 35 | 8 | 16 | 45.7% |
| Scott County | 34 | 7 | 14 | 41.2% |
| St. Louis County | 33 | 7 | 16 | 48.5% |
| Sherburne County | 27 | 8 | 15 | 55.6% |
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: 977 applications in 2025, of which 163 were originated and 469 denied.
48.0% of all applications, or 74.0% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Discover Bank originated in Minnesota in 2025 was 9.10%, against a statewide median of 6.63%.
About this data. Figures are Discover 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