First National Bank · Minnesota · 2025

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

First National Bank took 34 mortgage applications in Minnesota in 2025, ranking #332 of 870 lenders active in the state. It originated 76.5% of them and denied 14.7% (15.6% of the applications it decided), against a statewide denial rate of 13.6%.

34Applicationsin MN
15.6%Decision denial ratestate 16.4%
Median ratestate 6.63%
$130,000Median loanstate $215,000
$5.4MVolume12 counties

First National Bank in Minnesota vs the state

14.7%Denial rate+1.11 pts vs state
15.6%Decision denial rate-0.72 pts vs state
76.5%Origination rate+10.10 pts vs state
Median rate
Rate spread (pts)
$91kMedian applicant income
26Loans originated
5Denied

Trend in Minnesota

YearApplicationsOriginatedDenial rateMedian rateRank in state
202338325.3%#309
202424218.3%#371
2025342614.7%#332

What First National Bank lends in Minnesota

By loan purpose

Home purchase 18 53% · 22.2% denied
Refinance 9 26% · 0.0% denied
Home improvement 5 15% · 20.0% denied
Other / HELOC 2 6% · 0.0% denied

By loan type

Conventional 34 100% · 14.7% denied

Why it denied Minnesota applicants

Debt-to-income ratio 2 40%
Credit history 2 40%
Collateral 1 20%

Where in Minnesota

Counties with the most First National Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Fillmore County 1064 40.0%
Mower County 641 16.7%
Jackson County 330 0.0%
Hennepin County 330 0.0%
Nobles County 220 0.0%
Olmsted County 220 0.0%
Murray County 220 0.0%
Ramsey County 210 0.0%
Chisago County 110 0.0%
Dodge County 110 0.0%

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: 34 applications in 2025, of which 26 were originated and 5 denied.

14.7% of all applications, or 15.6% 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'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