Minnwest Bank in Minnesota vs the state
10.6%Denial rate-3.03 pts vs state
12.0%Decision denial rate-4.33 pts vs state
75.9%Origination rate+9.55 pts vs state
6.81%Median rate+0.18 pts vs state
0.46Rate spread (pts)+0.21 pts vs state
$100kMedian applicant income
517Loans originated
72Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 341 | 285 | 5.3% | 6.38% | #89 |
| 2024 | 595 | 444 | 11.1% | 7.40% | #66 |
| 2025 | 681 | 517 | 10.6% | 6.81% | #65 |
What Minnwest Bank lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Minnwest Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Lyon County | 70 | 56 | 4 | 5.7% |
| Waseca County | 62 | 50 | 8 | 12.9% |
| Redwood County | 55 | 39 | 7 | 12.7% |
| Hennepin County | 41 | 28 | 6 | 14.6% |
| Rock County | 37 | 30 | 3 | 8.1% |
| Scott County | 34 | 25 | 2 | 5.9% |
| Murray County | 29 | 26 | 1 | 3.4% |
| Dakota County | 28 | 23 | 3 | 10.7% |
| Le Sueur County | 27 | 22 | 2 | 7.4% |
| Chippewa County | 21 | 16 | 2 | 9.5% |
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: 681 applications in 2025, of which 517 were originated and 72 denied.
10.6% of all applications, or 12.0% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Minnwest Bank originated in Minnesota in 2025 was 6.81%, against a statewide median of 6.63%.
About this data. Figures are Minnwest 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