Milend in Minnesota vs the state
6.7%Denial rate-6.87 pts vs state
17.5%Decision denial rate+1.15 pts vs state
23.1%Origination rate-43.29 pts vs state
6.50%Median rate-0.13 pts vs state
0.44Rate spread (pts)+0.19 pts vs state
$90kMedian applicant income
24Loans originated
7Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 86 | 22 | 15.1% | 6.63% | #201 |
| 2024 | 85 | 19 | 16.5% | 6.50% | #210 |
| 2025 | 104 | 24 | 6.7% | 6.50% | #196 |
What Milend lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Milend applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 19 | 4 | 1 | 5.3% |
| Dakota County | 9 | 1 | 2 | 22.2% |
| Ramsey County | 7 | 1 | 0 | 0.0% |
| Stearns County | 5 | 1 | 2 | 40.0% |
| Olmsted County | 4 | 2 | 0 | 0.0% |
| Anoka County | 4 | 0 | 1 | 25.0% |
| Douglas County | 3 | 2 | 0 | 0.0% |
| Rice County | 3 | 1 | 0 | 0.0% |
| Goodhue County | 3 | 0 | 0 | 0.0% |
| Becker County | 3 | 2 | 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: 104 applications in 2025, of which 24 were originated and 7 denied.
6.7% of all applications, or 17.5% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Milend originated in Minnesota in 2025 was 6.50%, against a statewide median of 6.63%.
About this data. Figures are Milend'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