Guaranteed Rate in Minnesota vs the state
5.5%Denial rate-8.06 pts vs state
7.8%Decision denial rate-8.57 pts vs state
64.2%Origination rate-2.16 pts vs state
6.58%Median rate-0.05 pts vs state
0.29Rate spread (pts)+0.03 pts vs state
$100kMedian applicant income
1,552Loans originated
134Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,952 | 1,282 | 3.5% | 6.63% | #19 |
| 2024 | 1,718 | 1,290 | 4.4% | 6.63% | #24 |
| 2025 | 2,417 | 1,552 | 5.5% | 6.58% | #17 |
What Guaranteed Rate lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Guaranteed Rate applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 516 | 295 | 40 | 7.8% |
| Anoka County | 209 | 150 | 10 | 4.8% |
| Dakota County | 203 | 142 | 4 | 2.0% |
| Ramsey County | 200 | 123 | 13 | 6.5% |
| Washington County | 157 | 105 | 8 | 5.1% |
| Olmsted County | 113 | 78 | 2 | 1.8% |
| Rice County | 83 | 68 | 5 | 6.0% |
| Chisago County | 70 | 44 | 1 | 1.4% |
| Scott County | 66 | 38 | 4 | 6.1% |
| Wright County | 61 | 41 | 3 | 4.9% |
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: 2,417 applications in 2025, of which 1,552 were originated and 134 denied.
5.5% of all applications, or 7.8% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Guaranteed Rate originated in Minnesota in 2025 was 6.58%, against a statewide median of 6.63%.
About this data. Figures are Guaranteed Rate'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