Granite Bank in Minnesota vs the state
4.0%Denial rate-9.63 pts vs state
4.7%Decision denial rate-11.65 pts vs state
80.3%Origination rate+13.89 pts vs state
6.63%Median rate0.00 pts vs state
0.37Rate spread (pts)+0.11 pts vs state
$95kMedian applicant income
1,395Loans originated
69Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2024 | 847 | 646 | 5.8% | 6.88% | #52 |
| 2025 | 1,738 | 1,395 | 4.0% | 6.63% | #25 |
What Granite Bank lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Granite Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 350 | 264 | 19 | 5.4% |
| Anoka County | 144 | 114 | 5 | 3.5% |
| Ramsey County | 142 | 118 | 2 | 1.4% |
| Dakota County | 126 | 110 | 7 | 5.6% |
| Crow Wing County | 93 | 75 | 1 | 1.1% |
| Wright County | 85 | 67 | 7 | 8.2% |
| Washington County | 81 | 62 | 1 | 1.2% |
| Scott County | 60 | 49 | 1 | 1.7% |
| St. Louis County | 59 | 45 | 2 | 3.4% |
| Becker County | 51 | 40 | 4 | 7.8% |
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: 1,738 applications in 2025, of which 1,395 were originated and 69 denied.
4.0% of all applications, or 4.7% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Granite Bank originated in Minnesota in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are Granite 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