Loan Funder · Minnesota · 2025

Loan Funder in Minnesota: approval rate, denial rate and rates (2025)

Loan Funder took 36 mortgage applications in Minnesota in 2025, ranking #326 of 870 lenders active in the state. It originated 22.2% of them and denied 22.2% (50.0% of the applications it decided), against a statewide denial rate of 13.6%.

36Applicationsin MN
50.0%Decision denial ratestate 16.4%
7.87%Median ratestate 6.63%
$380,000Median loanstate $215,000
$1.5MVolume10 counties

Loan Funder in Minnesota vs the state

22.2%Denial rate+8.62 pts vs state
50.0%Decision denial rate+33.65 pts vs state
22.2%Origination rate-44.15 pts vs state
7.87%Median rate+1.25 pts vs state
Rate spread (pts)
Median applicant income
8Loans originated
8Denied

What Loan Funder lends in Minnesota

By loan purpose

Home purchase 28 78% · 14.3% denied
Refinance 4 11% · 25.0% denied
Cash-out refinance 4 11% · 75.0% denied

By loan type

Conventional 36 100% · 22.2% denied

Why it denied Minnesota applicants

Collateral 6 75%
Credit history 2 25%

Where in Minnesota

Counties with the most Loan Funder applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Hennepin County 1426 42.9%
Chisago County 1000 0.0%
Ramsey County 531 20.0%
Le Sueur County 100 0.0%
Blue Earth County 110 0.0%
Polk County 101 100.0%
Clay County 100 0.0%
Anoka County 100 0.0%
Faribault County 110 0.0%
Dakota 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: 36 applications in 2025, of which 8 were originated and 8 denied.

22.2% of all applications, or 50.0% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.

The median rate on loans Loan Funder originated in Minnesota in 2025 was 7.87%, against a statewide median of 6.63%.

About this data. Figures are Loan Funder'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