First National Bank Minnesota · Minnesota · 2025

First National Bank Minnesota in Minnesota: approval rate, denial rate and rates (2025)

First National Bank Minnesota took 59 mortgage applications in Minnesota in 2025, ranking #269 of 870 lenders active in the state. It originated 83.1% of them and denied 17.0% (17.0% of the applications it decided), against a statewide denial rate of 13.6%.

59Applicationsin MN
17.0%Decision denial ratestate 16.4%
Median ratestate 6.63%
$175,000Median loanstate $215,000
$11MVolume15 counties

First National Bank Minnesota in Minnesota vs the state

17.0%Denial rate+3.35 pts vs state
17.0%Decision denial rate+0.60 pts vs state
83.1%Origination rate+16.68 pts vs state
Median rate
Rate spread (pts)
$109kMedian applicant income
49Loans originated
10Denied

Trend in Minnesota

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023564710.7%#254
202470615.7%#232
2025594917.0%#269

What First National Bank Minnesota lends in Minnesota

By loan purpose

Home purchase 37 63% · 16.2% denied
Refinance 11 19% · 18.2% denied
Home improvement 6 10% · 16.7% denied
Other / HELOC 5 8% · 20.0% denied

By loan type

Conventional 59 100% · 17.0% denied

Why it denied Minnesota applicants

Credit history 6 60%
Debt-to-income ratio 4 40%

Where in Minnesota

Counties with the most First National Bank Minnesota applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Blue Earth County 18162 11.1%
Nicollet County 12102 16.7%
Sibley County 761 14.3%
Scott County 541 20.0%
Carver County 440 0.0%
Martin County 220 0.0%
Brown County 211 50.0%
Le Sueur County 220 0.0%
Olmsted County 110 0.0%
Watonwan County 101 100.0%

Other large lenders in Minnesota

LenderGradeApplicationsDenial rateMedian rate
United Shore Financial ServicesB 8,69410.6%6.38%
U.S. BankD 8,62430.4%7.88%
Bell BankA 7,9875.3%6.63%
Rocket MortgageC 7,63016.3%6.63%
Trustone Financial Credit UnionC 6,06620.0%7.25%
Affinity PlusC 5,43814.6%6.63%
Blaze Credit UnionB 4,07412.3%6.38%
Wings Financial Credit UnionA 3,96016.4%7.25%
Crosscountry MortgageB 3,9422.1%6.63%
Fairway Independent MortgageB 3,3273.2%6.75%

Frequently asked questions

Minnesota: 59 applications in 2025, of which 49 were originated and 10 denied.

17.0% of all applications, or 17.0% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are First National Bank Minnesota'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