Loandepot.Com in Minnesota vs the state
17.6%Denial rate+3.99 pts vs state
20.6%Decision denial rate+4.27 pts vs state
66.5%Origination rate+0.17 pts vs state
6.75%Median rate+0.13 pts vs state
0.60Rate spread (pts)+0.35 pts vs state
$89kMedian applicant income
1,400Loans originated
370Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,260 | 1,556 | 14.1% | 6.63% | #16 |
| 2024 | 2,076 | 1,339 | 15.9% | 6.75% | #17 |
| 2025 | 2,104 | 1,400 | 17.6% | 6.75% | #21 |
What Loandepot.Com lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Loandepot.Com applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 342 | 249 | 41 | 12.0% |
| Dakota County | 234 | 158 | 26 | 11.1% |
| Ramsey County | 135 | 88 | 22 | 16.3% |
| Anoka County | 117 | 87 | 19 | 16.2% |
| Washington County | 109 | 81 | 5 | 4.6% |
| Wright County | 107 | 68 | 19 | 17.8% |
| Sherburne County | 95 | 54 | 16 | 16.8% |
| Olmsted County | 79 | 58 | 5 | 6.3% |
| Chisago County | 65 | 33 | 22 | 33.8% |
| St. Louis County | 49 | 25 | 20 | 40.8% |
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: 2,104 applications in 2025, of which 1,400 were originated and 370 denied.
17.6% of all applications, or 20.6% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Loandepot.Com originated in Minnesota in 2025 was 6.75%, against a statewide median of 6.63%.
About this data. Figures are Loandepot.Com'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