Home Mortgage Alliance Corporation (HMAC) in Minnesota vs the state
14.5%Denial rate+0.92 pts vs state
21.0%Decision denial rate+4.61 pts vs state
53.9%Origination rate-12.43 pts vs state
6.88%Median rate+0.25 pts vs state
0.51Rate spread (pts)+0.26 pts vs state
$93kMedian applicant income
130Loans originated
35Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 5 | 0 | 40.0% | — | #512 |
| 2024 | 79 | 51 | 2.5% | 7.25% | #220 |
| 2025 | 241 | 130 | 14.5% | 6.88% | #129 |
What Home Mortgage Alliance Corporation (HMAC) lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Home Mortgage Alliance Corporation (HMAC) applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 68 | 33 | 13 | 19.1% |
| Dakota County | 66 | 32 | 11 | 16.7% |
| Anoka County | 41 | 21 | 5 | 12.2% |
| Scott County | 23 | 11 | 3 | 13.0% |
| Washington County | 12 | 11 | 0 | 0.0% |
| Ramsey County | 11 | 7 | 2 | 18.2% |
| Stearns County | 9 | 5 | 1 | 11.1% |
| Olmsted County | 3 | 3 | 0 | 0.0% |
| Wright County | 2 | 1 | 0 | 0.0% |
| Rice County | 2 | 2 | 0 | 0.0% |
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: 241 applications in 2025, of which 130 were originated and 35 denied.
14.5% of all applications, or 21.0% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Home Mortgage Alliance Corporation (HMAC) originated in Minnesota in 2025 was 6.88%, against a statewide median of 6.63%.
About this data. Figures are Home Mortgage Alliance Corporation (HMAC)'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