Kensington Bank · Minnesota · 2025

Kensington Bank in Minnesota: approval rate, denial rate and rates (2025)

Kensington Bank took 65 mortgage applications in Minnesota in 2025, ranking #259 of 870 lenders active in the state. It originated 83.1% of them and denied 4.6% (5.1% of the applications it decided), against a statewide denial rate of 13.6%.

65Applicationsin MN
5.1%Decision denial ratestate 16.4%
Median ratestate 6.63%
$135,000Median loanstate $215,000
$9.7MVolume23 counties

Kensington Bank in Minnesota vs the state

4.6%Denial rate-8.98 pts vs state
5.1%Decision denial rate-11.27 pts vs state
83.1%Origination rate+16.71 pts vs state
Median rate
Rate spread (pts)
$113kMedian applicant income
54Loans originated
3Denied

Trend in Minnesota

YearApplicationsOriginatedDenial rateMedian rateRank in state
202366621.5%#235
202466571.5%#237
202565544.6%#259

What Kensington Bank lends in Minnesota

By loan purpose

Home purchase 32 49% · 3.1% denied
Refinance 19 29% · 0.0% denied
Cash-out refinance 3 5% · 66.7% denied
Home improvement 7 11% · 0.0% denied
Other / HELOC 4 6% · 0.0% denied

By loan type

Conventional 65 100% · 4.6% denied

Where in Minnesota

Counties with the most Kensington Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Kandiyohi County 980 0.0%
Wright County 980 0.0%
Meeker County 980 0.0%
Douglas County 760 0.0%
McLeod County 550 0.0%
Stearns County 421 25.0%
Hennepin County 320 0.0%
Renville County 320 0.0%
Grant County 220 0.0%
Chisago County 110 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: 65 applications in 2025, of which 54 were originated and 3 denied.

4.6% of all applications, or 5.1% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are Kensington Bank'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