Flagstar Bank in Minnesota vs the state
41.8%Denial rate+28.15 pts vs state
46.7%Decision denial rate+30.32 pts vs state
47.4%Origination rate-19.00 pts vs state
6.63%Median rate0.00 pts vs state
0.17Rate spread (pts)-0.08 pts vs state
$100kMedian applicant income
135Loans originated
119Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 949 | 634 | 21.0% | 7.00% | #37 |
| 2024 | 973 | 665 | 22.6% | 6.63% | #42 |
| 2025 | 285 | 135 | 41.8% | 6.63% | #116 |
What Flagstar Bank lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Flagstar Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 53 | 26 | 21 | 39.6% |
| Wright County | 52 | 11 | 38 | 73.1% |
| Crow Wing County | 18 | 14 | 3 | 16.7% |
| Sherburne County | 16 | 8 | 8 | 50.0% |
| Dakota County | 14 | 5 | 5 | 35.7% |
| Carver County | 13 | 7 | 5 | 38.5% |
| Ramsey County | 13 | 6 | 5 | 38.5% |
| St. Louis County | 10 | 5 | 3 | 30.0% |
| Anoka County | 10 | 4 | 4 | 40.0% |
| Cass County | 7 | 7 | 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: 285 applications in 2025, of which 135 were originated and 119 denied.
41.8% of all applications, or 46.7% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Flagstar Bank originated in Minnesota in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are Flagstar 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