Iowa Bankers Mortgage in Minnesota vs the state
15.6%Denial rate+1.97 pts vs state
17.2%Decision denial rate+0.84 pts vs state
74.2%Origination rate+7.81 pts vs state
6.38%Median rate-0.25 pts vs state
0.06Rate spread (pts)-0.19 pts vs state
$89kMedian applicant income
181Loans originated
38Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 168 | 129 | 15.5% | 6.50% | #133 |
| 2024 | 203 | 164 | 13.8% | 6.50% | #125 |
| 2025 | 244 | 181 | 15.6% | 6.38% | #128 |
What Iowa Bankers Mortgage lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Iowa Bankers Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Martin County | 39 | 31 | 7 | 17.9% |
| Douglas County | 29 | 27 | 0 | 0.0% |
| Faribault County | 20 | 14 | 4 | 20.0% |
| Steele County | 17 | 14 | 2 | 11.8% |
| Hubbard County | 11 | 4 | 4 | 36.4% |
| Hennepin County | 9 | 5 | 2 | 22.2% |
| Crow Wing County | 8 | 6 | 2 | 25.0% |
| Chisago County | 8 | 7 | 1 | 12.5% |
| Ramsey County | 7 | 3 | 1 | 14.3% |
| Pope County | 7 | 7 | 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: 244 applications in 2025, of which 181 were originated and 38 denied.
15.6% of all applications, or 17.2% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Iowa Bankers Mortgage originated in Minnesota in 2025 was 6.38%, against a statewide median of 6.63%.
About this data. Figures are Iowa Bankers Mortgage'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