First American Bank in Minnesota vs the state
41.2%Denial rate+27.58 pts vs state
43.8%Decision denial rate+27.40 pts vs state
52.9%Origination rate-13.43 pts vs state
7.50%Median rate+0.88 pts vs state
0.27Rate spread (pts)+0.02 pts vs state
$120kMedian applicant income
9Loans originated
7Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 11 | 8 | 9.1% | 8.50% | #434 |
| 2024 | 9 | 6 | 22.2% | 8.25% | #464 |
| 2025 | 17 | 9 | 41.2% | 7.50% | #405 |
What First American Bank lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most First American Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Goodhue County | 3 | 1 | 2 | 66.7% |
| Mower County | 3 | 1 | 2 | 66.7% |
| Ramsey County | 2 | 2 | 0 | 0.0% |
| Washington County | 1 | 0 | 1 | 100.0% |
| Fillmore County | 1 | 1 | 0 | 0.0% |
| McLeod County | 1 | 1 | 0 | 0.0% |
| Hennepin County | 1 | 1 | 0 | 0.0% |
| Dakota County | 1 | 1 | 0 | 0.0% |
| Hubbard County | 1 | 0 | 0 | 0.0% |
| Crow Wing County | 1 | 0 | 1 | 100.0% |
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: 17 applications in 2025, of which 9 were originated and 7 denied.
41.2% of all applications, or 43.8% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans First American Bank originated in Minnesota in 2025 was 7.50%, against a statewide median of 6.63%.
About this data. Figures are First American 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