HomePromise in Minnesota vs the state
46.7%Denial rate+33.07 pts vs state
87.5%Decision denial rate+71.15 pts vs state
6.7%Origination rate-59.70 pts vs state
7.25%Median rate+0.63 pts vs state
0.44Rate spread (pts)+0.19 pts vs state
$76kMedian applicant income
1Loans originated
7Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 28 | 2 | 50.0% | 7.56% | #353 |
| 2024 | 11 | 1 | 63.6% | 7.88% | #445 |
| 2025 | 15 | 1 | 46.7% | 7.25% | #418 |
What HomePromise lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most HomePromise applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 3 | 0 | 2 | 66.7% |
| Sherburne County | 3 | 0 | 0 | 0.0% |
| St. Louis County | 1 | 0 | 0 | 0.0% |
| Steele County | 1 | 0 | 1 | 100.0% |
| Beltrami County | 1 | 0 | 1 | 100.0% |
| Dakota County | 1 | 0 | 0 | 0.0% |
| Stearns County | 1 | 0 | 1 | 100.0% |
| Chisago County | 1 | 1 | 0 | 0.0% |
| Otter Tail County | 1 | 0 | 1 | 100.0% |
| Ramsey County | 1 | 0 | 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: 15 applications in 2025, of which 1 were originated and 7 denied.
46.7% of all applications, or 87.5% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans HomePromise originated in Minnesota in 2025 was 7.25%, against a statewide median of 6.63%.
About this data. Figures are HomePromise'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