Guaranteed Rate Affinity · Minnesota · 2025

Guaranteed Rate Affinity in Minnesota: approval rate, denial rate and rates (2025)

Guaranteed Rate Affinity took 976 mortgage applications in Minnesota in 2025, ranking #48 of 870 lenders active in the state. It originated 72.6% of them and denied 4.6% (6.0% of the applications it decided), against a statewide denial rate of 13.6%.

976Applicationsin MN
6.0%Decision denial ratestate 16.4%
6.63%Median ratestate 6.63%
$295,000Median loanstate $215,000
$230MVolume41 counties

Guaranteed Rate Affinity in Minnesota vs the state

4.6%Denial rate-8.99 pts vs state
6.0%Decision denial rate-10.38 pts vs state
72.6%Origination rate+6.27 pts vs state
6.63%Median rate0.00 pts vs state
0.25Rate spread (pts)0.00 pts vs state
$110kMedian applicant income
709Loans originated
45Denied

Trend in Minnesota

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,2249234.5%6.63%#30
20241,2479135.4%6.88%#31
20259767094.6%6.63%#48

What Guaranteed Rate Affinity lends in Minnesota

By loan purpose

Home purchase 846 87% · 4.1% denied
Refinance 77 8% · 9.1% denied
Cash-out refinance 53 5% · 5.7% denied

By loan type

Conventional 846 87% · 4.1% denied
FHA 92 9% · 8.7% denied
VA 36 4% · 5.6% denied
USDA / RHS 2 0% · 0.0% denied

Why it denied Minnesota applicants

Debt-to-income ratio 16 36%
Credit history 9 20%
Collateral 9 20%
Other 8 18%
Employment history 2 4%
Unverifiable information 1 2%

Where in Minnesota

Counties with the most Guaranteed Rate Affinity applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Hennepin County 35524422 6.2%
Ramsey County 108823 2.8%
Dakota County 106900 0.0%
Olmsted County 71573 4.2%
Washington County 67471 1.5%
Anoka County 67409 13.4%
Scott County 35235 14.3%
Wright County 34281 2.9%
Carver County 1680 0.0%
Sherburne County 15130 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: 976 applications in 2025, of which 709 were originated and 45 denied.

4.6% of all applications, or 6.0% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.

The median rate on loans Guaranteed Rate Affinity originated in Minnesota in 2025 was 6.63%, against a statewide median of 6.63%.

About this data. Figures are Guaranteed Rate Affinity'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