M/i Financial in Minnesota vs the state
0.9%Denial rate-12.69 pts vs state
0.9%Decision denial rate-15.41 pts vs state
86.4%Origination rate+20.01 pts vs state
5.88%Median rate-0.75 pts vs state
-0.68Rate spread (pts)-0.94 pts vs state
$150kMedian applicant income
571Loans originated
6Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 481 | 376 | 0.6% | 6.13% | #73 |
| 2024 | 682 | 586 | 0.7% | 6.00% | #60 |
| 2025 | 661 | 571 | 0.9% | 5.88% | #66 |
What M/i Financial lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most M/i Financial applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 209 | 187 | 1 | 0.5% |
| Wright County | 112 | 98 | 2 | 1.8% |
| Dakota County | 91 | 78 | 1 | 1.1% |
| Washington County | 87 | 71 | 0 | 0.0% |
| Scott County | 63 | 50 | 1 | 1.6% |
| Carver County | 57 | 48 | 0 | 0.0% |
| Anoka County | 42 | 39 | 1 | 2.4% |
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: 661 applications in 2025, of which 571 were originated and 6 denied.
0.9% of all applications, or 0.9% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans M/i Financial originated in Minnesota in 2025 was 5.88%, against a statewide median of 6.63%.
About this data. Figures are M/i Financial'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