Fairway Independent Mortgage in Minnesota vs the state
3.2%Denial rate-10.38 pts vs state
3.8%Decision denial rate-12.51 pts vs state
79.9%Origination rate+13.49 pts vs state
6.75%Median rate+0.13 pts vs state
0.40Rate spread (pts)+0.15 pts vs state
$95kMedian applicant income
2,657Loans originated
107Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 3,431 | 2,681 | 3.3% | 6.88% | #8 |
| 2024 | 3,478 | 2,812 | 3.4% | 6.88% | #9 |
| 2025 | 3,327 | 2,657 | 3.2% | 6.75% | #10 |
What Fairway Independent Mortgage lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Fairway Independent Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 708 | 549 | 20 | 2.8% |
| Dakota County | 291 | 233 | 12 | 4.1% |
| Ramsey County | 273 | 217 | 7 | 2.6% |
| St. Louis County | 227 | 195 | 8 | 3.5% |
| Anoka County | 211 | 167 | 7 | 3.3% |
| Washington County | 192 | 144 | 5 | 2.6% |
| Mower County | 167 | 146 | 4 | 2.4% |
| Wright County | 143 | 114 | 4 | 2.8% |
| Scott County | 135 | 99 | 8 | 5.9% |
| Olmsted County | 87 | 71 | 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% |
| Broker Solutions | D | 3,246 | 5.5% | 6.75% |
Frequently asked questions
Minnesota: 3,327 applications in 2025, of which 2,657 were originated and 107 denied.
3.2% of all applications, or 3.8% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Fairway Independent Mortgage originated in Minnesota in 2025 was 6.75%, against a statewide median of 6.63%.
About this data. Figures are Fairway Independent 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