GoodLeap in Minnesota vs the state
20.9%Denial rate+7.26 pts vs state
25.7%Decision denial rate+9.31 pts vs state
45.3%Origination rate-21.05 pts vs state
7.05%Median rate+0.42 pts vs state
0.15Rate spread (pts)-0.10 pts vs state
$92kMedian applicant income
126Loans originated
58Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 67 | 27 | 32.8% | 5.88% | #234 |
| 2024 | 141 | 44 | 23.4% | 5.63% | #158 |
| 2025 | 278 | 126 | 20.9% | 7.05% | #120 |
What GoodLeap lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most GoodLeap applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 50 | 20 | 14 | 28.0% |
| Ramsey County | 37 | 7 | 13 | 35.1% |
| Dakota County | 34 | 20 | 2 | 5.9% |
| Washington County | 22 | 11 | 2 | 9.1% |
| Anoka County | 17 | 8 | 6 | 35.3% |
| Steele County | 11 | 5 | 1 | 9.1% |
| Wright County | 11 | 8 | 1 | 9.1% |
| Scott County | 8 | 3 | 2 | 25.0% |
| Chisago County | 7 | 1 | 4 | 57.1% |
| McLeod County | 6 | 2 | 1 | 16.7% |
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: 278 applications in 2025, of which 126 were originated and 58 denied.
20.9% of all applications, or 25.7% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans GoodLeap originated in Minnesota in 2025 was 7.05%, against a statewide median of 6.63%.
About this data. Figures are GoodLeap'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