Finance of America Reverse in Minnesota vs the state
15.3%Denial rate+1.69 pts vs state
18.3%Decision denial rate+1.96 pts vs state
68.2%Origination rate+1.87 pts vs state
6.50%Median rate-0.13 pts vs state
—Rate spread (pts)
$33kMedian applicant income
58Loans originated
13Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 83 | 63 | 4.8% | 7.76% | #207 |
| 2024 | 89 | 64 | 5.6% | 7.30% | #202 |
| 2025 | 85 | 58 | 15.3% | 6.50% | #225 |
What Finance of America Reverse lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Finance of America Reverse applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 19 | 16 | 2 | 10.5% |
| Anoka County | 7 | 5 | 1 | 14.3% |
| Ramsey County | 5 | 1 | 2 | 40.0% |
| Dakota County | 5 | 5 | 0 | 0.0% |
| Otter Tail County | 5 | 4 | 1 | 20.0% |
| Stearns County | 4 | 2 | 1 | 25.0% |
| Crow Wing County | 3 | 3 | 0 | 0.0% |
| Olmsted County | 3 | 1 | 2 | 66.7% |
| Washington County | 3 | 2 | 0 | 0.0% |
| Blue Earth County | 2 | 1 | 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% |
| Fairway Independent Mortgage | B | 3,327 | 3.2% | 6.75% |
Frequently asked questions
Minnesota: 85 applications in 2025, of which 58 were originated and 13 denied.
15.3% of all applications, or 18.3% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Finance of America Reverse originated in Minnesota in 2025 was 6.50%, against a statewide median of 6.63%.
About this data. Figures are Finance of America Reverse'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