Figure Lending in Minnesota vs the state
25.7%Denial rate+12.05 pts vs state
26.4%Decision denial rate+10.08 pts vs state
47.3%Origination rate-19.10 pts vs state
8.75%Median rate+2.13 pts vs state
2.41Rate spread (pts)+2.16 pts vs state
$108kMedian applicant income
529Loans originated
287Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 797 | 384 | 27.2% | 10.95% | #49 |
| 2024 | 992 | 472 | 27.0% | 10.33% | #41 |
| 2025 | 1,119 | 529 | 25.7% | 8.75% | #37 |
What Figure Lending lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Figure Lending applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 217 | 112 | 50 | 23.0% |
| Dakota County | 103 | 54 | 16 | 15.5% |
| Washington County | 76 | 36 | 13 | 17.1% |
| Ramsey County | 70 | 39 | 14 | 20.0% |
| Anoka County | 70 | 31 | 19 | 27.1% |
| Scott County | 48 | 31 | 9 | 18.8% |
| Sherburne County | 41 | 16 | 10 | 24.4% |
| Wright County | 41 | 13 | 17 | 41.5% |
| St. Louis County | 38 | 19 | 12 | 31.6% |
| Carver County | 29 | 10 | 11 | 37.9% |
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: 1,119 applications in 2025, of which 529 were originated and 287 denied.
25.7% of all applications, or 26.4% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Figure Lending originated in Minnesota in 2025 was 8.75%, against a statewide median of 6.63%.
About this data. Figures are Figure Lending'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