Genway Home Mortgage · Minnesota · 2025

Genway Home Mortgage in Minnesota: approval rate, denial rate and rates (2025)

Genway Home Mortgage took 20 mortgage applications in Minnesota in 2025, ranking #388 of 870 lenders active in the state. It originated 45.0% of them and denied 30.0% (40.0% of the applications it decided), against a statewide denial rate of 13.6%.

20Applicationsin MN
40.0%Decision denial ratestate 16.4%
7.75%Median ratestate 6.63%
$205,000Median loanstate $215,000
$2.0MVolume7 counties

Genway Home Mortgage in Minnesota vs the state

30.0%Denial rate+16.40 pts vs state
40.0%Decision denial rate+23.65 pts vs state
45.0%Origination rate-21.37 pts vs state
7.75%Median rate+1.13 pts vs state
2.76Rate spread (pts)+2.51 pts vs state
$79kMedian applicant income
9Loans originated
6Denied

Trend in Minnesota

YearApplicationsOriginatedDenial rateMedian rateRank in state
20246233.3%7.75%#497
202520930.0%7.75%#388

What Genway Home Mortgage lends in Minnesota

By loan purpose

Home purchase 10 50% · 20.0% denied
Refinance 4 20% · 50.0% denied
Cash-out refinance 6 30% · 33.3% denied

By loan type

Conventional 10 50% · 20.0% denied
FHA 6 30% · 33.3% denied
VA 4 20% · 50.0% denied

Why it denied Minnesota applicants

Debt-to-income ratio 3 50%
Incomplete application 2 33%
Collateral 1 17%

Where in Minnesota

Counties with the most Genway Home Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Hennepin County 741 14.3%
Ramsey County 320 0.0%
Mille Lacs County 303 100.0%
Chisago County 220 0.0%
Anoka County 211 50.0%
Scott County 201 50.0%
Sherburne County 100 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: 20 applications in 2025, of which 9 were originated and 6 denied.

30.0% of all applications, or 40.0% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.

The median rate on loans Genway Home Mortgage originated in Minnesota in 2025 was 7.75%, against a statewide median of 6.63%.

About this data. Figures are Genway Home 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