First Federal Bank in Minnesota vs the state
5.6%Denial rate-8.01 pts vs state
7.1%Decision denial rate-9.26 pts vs state
73.2%Origination rate+6.81 pts vs state
6.38%Median rate-0.25 pts vs state
-0.19Rate spread (pts)-0.44 pts vs state
$139kMedian applicant income
131Loans originated
10Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 131 | 112 | 4.6% | 6.25% | #155 |
| 2024 | 208 | 171 | 2.9% | 6.38% | #121 |
| 2025 | 179 | 131 | 5.6% | 6.38% | #142 |
What First Federal Bank lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most First Federal Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Olmsted County | 41 | 39 | 1 | 2.4% |
| Hennepin County | 41 | 24 | 2 | 4.9% |
| Dakota County | 19 | 10 | 3 | 15.8% |
| Anoka County | 11 | 8 | 2 | 18.2% |
| Ramsey County | 9 | 6 | 0 | 0.0% |
| Carver County | 7 | 4 | 0 | 0.0% |
| Dodge County | 5 | 4 | 0 | 0.0% |
| Wright County | 5 | 4 | 1 | 20.0% |
| Washington County | 5 | 2 | 0 | 0.0% |
| Fillmore County | 4 | 4 | 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: 179 applications in 2025, of which 131 were originated and 10 denied.
5.6% of all applications, or 7.1% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans First Federal Bank originated in Minnesota in 2025 was 6.38%, against a statewide median of 6.63%.
About this data. Figures are First Federal 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