Equity Prime Mortgage · Minnesota · 2025

Equity Prime Mortgage in Minnesota: approval rate, denial rate and rates (2025)

Equity Prime Mortgage took 275 mortgage applications in Minnesota in 2025, ranking #121 of 870 lenders active in the state. It originated 40.7% of them and denied 8.7% (17.5% of the applications it decided), against a statewide denial rate of 13.6%.

275Applicationsin MN
17.5%Decision denial ratestate 16.4%
6.63%Median ratestate 6.63%
$255,000Median loanstate $215,000
$31MVolume56 counties

Equity Prime Mortgage in Minnesota vs the state

8.7%Denial rate-4.87 pts vs state
17.5%Decision denial rate+1.17 pts vs state
40.7%Origination rate-25.64 pts vs state
6.63%Median rate0.00 pts vs state
0.37Rate spread (pts)+0.11 pts vs state
$84kMedian applicant income
112Loans originated
24Denied

Trend in Minnesota

YearApplicationsOriginatedDenial rateMedian rateRank in state
202389377.9%7.25%#196
20241621011.9%6.75%#144
20252751128.7%6.63%#121

What Equity Prime Mortgage lends in Minnesota

By loan purpose

Home purchase 73 27% · 5.5% denied
Refinance 38 14% · 7.9% denied
Cash-out refinance 164 60% · 10.4% denied

By loan type

Conventional 15 5% · 13.3% denied
FHA 172 63% · 8.1% denied
VA 80 29% · 10.0% denied
USDA / RHS 8 3% · 0.0% denied

Why it denied Minnesota applicants

Debt-to-income ratio 8 33%
Credit history 6 25%
Other 5 21%
Incomplete application 2 8%
Insufficient cash 1 4%
Employment history 1 4%
Unverifiable information 1 4%

Where in Minnesota

Counties with the most Equity Prime Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Hennepin County 3986 15.4%
Dakota County 1871 5.6%
Washington County 1672 12.5%
Ramsey County 1681 6.3%
Anoka County 1392 15.4%
St. Louis County 1240 0.0%
Chisago County 840 0.0%
Olmsted County 820 0.0%
Scott County 730 0.0%
Wright County 750 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: 275 applications in 2025, of which 112 were originated and 24 denied.

8.7% of all applications, or 17.5% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.

The median rate on loans Equity Prime Mortgage originated in Minnesota in 2025 was 6.63%, against a statewide median of 6.63%.

About this data. Figures are Equity Prime 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