Freedom Mortgage in Minnesota vs the state
9.0%Denial rate-4.60 pts vs state
15.8%Decision denial rate-0.59 pts vs state
40.7%Origination rate-25.64 pts vs state
6.25%Median rate-0.38 pts vs state
0.22Rate spread (pts)-0.03 pts vs state
$93kMedian applicant income
765Loans originated
169Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 706 | 292 | 17.4% | 6.75% | #52 |
| 2024 | 1,323 | 635 | 12.6% | 6.38% | #28 |
| 2025 | 1,878 | 765 | 9.0% | 6.25% | #22 |
What Freedom Mortgage lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Freedom Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 273 | 99 | 24 | 8.8% |
| Dakota County | 171 | 79 | 9 | 5.3% |
| Anoka County | 139 | 54 | 16 | 11.5% |
| Ramsey County | 110 | 50 | 6 | 5.5% |
| Washington County | 104 | 40 | 9 | 8.7% |
| Wright County | 103 | 47 | 4 | 3.9% |
| Stearns County | 85 | 37 | 4 | 4.7% |
| St. Louis County | 60 | 22 | 5 | 8.3% |
| Sherburne County | 54 | 14 | 6 | 11.1% |
| Scott County | 51 | 21 | 6 | 11.8% |
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: 1,878 applications in 2025, of which 765 were originated and 169 denied.
9.0% of all applications, or 15.8% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Freedom Mortgage originated in Minnesota in 2025 was 6.25%, against a statewide median of 6.63%.
About this data. Figures are Freedom Mortgage'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