Homeowners Financial Group USA · Minnesota · 2025

Homeowners Financial Group USA in Minnesota: approval rate, denial rate and rates (2025)

Homeowners Financial Group USA took 589 mortgage applications in Minnesota in 2025, ranking #72 of 870 lenders active in the state. It originated 76.4% of them and denied 3.4% (4.2% of the applications it decided), against a statewide denial rate of 13.6%.

589Applicationsin MN
4.2%Decision denial ratestate 16.4%
6.63%Median ratestate 6.63%
$195,000Median loanstate $215,000
$89MVolume48 counties

Homeowners Financial Group USA in Minnesota vs the state

3.4%Denial rate-10.20 pts vs state
4.2%Decision denial rate-12.11 pts vs state
76.4%Origination rate+10.03 pts vs state
6.63%Median rate0.00 pts vs state
0.35Rate spread (pts)+0.10 pts vs state
$77kMedian applicant income
450Loans originated
20Denied

Trend in Minnesota

YearApplicationsOriginatedDenial rateMedian rateRank in state
20235314363.4%7.00%#63
20245664594.8%7.00%#71
20255894503.4%6.63%#72

What Homeowners Financial Group USA lends in Minnesota

By loan purpose

Home purchase 511 87% · 2.4% denied
Refinance 49 8% · 8.2% denied
Home improvement 29 5% · 13.8% denied

By loan type

Conventional 456 77% · 2.2% denied
FHA 111 19% · 7.2% denied
VA 16 3% · 6.3% denied
USDA / RHS 6 1% · 16.7% denied

Why it denied Minnesota applicants

Collateral 5 25%
Debt-to-income ratio 5 25%
Credit history 4 20%
Insufficient cash 2 10%
Other 2 10%
Unverifiable information 1 5%
Employment history 1 5%

Where in Minnesota

Counties with the most Homeowners Financial Group USA applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Stearns County 2001519 4.5%
Kandiyohi County 55470 0.0%
Benton County 51443 5.9%
Wright County 37262 5.4%
Meeker County 19120 0.0%
Sherburne County 19150 0.0%
Morrison County 19100 0.0%
Lincoln County 16150 0.0%
Douglas County 15120 0.0%
Todd County 13110 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: 589 applications in 2025, of which 450 were originated and 20 denied.

3.4% of all applications, or 4.2% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.

The median rate on loans Homeowners Financial Group USA originated in Minnesota in 2025 was 6.63%, against a statewide median of 6.63%.

About this data. Figures are Homeowners Financial Group USA'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