Florida Capital Bank · Minnesota · 2025

Florida Capital Bank in Minnesota: approval rate, denial rate and rates (2025)

Florida Capital Bank took 177 mortgage applications in Minnesota in 2025, ranking #144 of 870 lenders active in the state. It originated 81.9% of them and denied 4.0% (4.1% of the applications it decided), against a statewide denial rate of 13.6%.

177Applicationsin MN
4.1%Decision denial ratestate 16.4%
6.49%Median ratestate 6.63%
$305,000Median loanstate $215,000
$51MVolume27 counties

Florida Capital Bank in Minnesota vs the state

4.0%Denial rate-9.65 pts vs state
4.1%Decision denial rate-12.21 pts vs state
81.9%Origination rate+15.55 pts vs state
6.49%Median rate-0.13 pts vs state
0.22Rate spread (pts)-0.03 pts vs state
$109kMedian applicant income
145Loans originated
7Denied

Trend in Minnesota

YearApplicationsOriginatedDenial rateMedian rateRank in state
202338315.3%6.88%#308
202499833.0%6.63%#190
20251771454.0%6.49%#144

What Florida Capital Bank lends in Minnesota

By loan purpose

Home purchase 134 76% · 3.0% denied
Refinance 31 18% · 3.2% denied
Cash-out refinance 12 7% · 16.7% denied

By loan type

Conventional 148 84% · 2.7% denied
FHA 20 11% · 15.0% denied
VA 9 5% · 0.0% denied

Why it denied Minnesota applicants

Credit history 2 29%
Collateral 2 29%
Debt-to-income ratio 1 14%
Other 1 14%
Insufficient cash 1 14%

Where in Minnesota

Counties with the most Florida Capital Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Wright County 46380 0.0%
Hennepin County 44381 2.3%
Dakota County 1282 16.7%
Sherburne County 981 11.1%
Ramsey County 980 0.0%
Anoka County 980 0.0%
Yellow Medicine County 660 0.0%
Scott County 540 0.0%
Carver County 550 0.0%
Washington County 440 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: 177 applications in 2025, of which 145 were originated and 7 denied.

4.0% of all applications, or 4.1% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.

The median rate on loans Florida Capital Bank originated in Minnesota in 2025 was 6.49%, against a statewide median of 6.63%.

About this data. Figures are Florida Capital 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