Mission Loans · Minnesota · 2025

Mission Loans in Minnesota: approval rate, denial rate and rates (2025)

Mission Loans took 139 mortgage applications in Minnesota in 2025, ranking #167 of 870 lenders active in the state. It originated 17.3% of them and denied 0.7% (3.5% of the applications it decided), against a statewide denial rate of 13.6%.

139Applicationsin MN
3.5%Decision denial ratestate 16.4%
7.62%Median ratestate 6.63%
$155,000Median loanstate $215,000
$5.5MVolume40 counties

Mission Loans in Minnesota vs the state

0.7%Denial rate-12.88 pts vs state
3.5%Decision denial rate-12.90 pts vs state
17.3%Origination rate-49.10 pts vs state
7.62%Median rate+1.00 pts vs state
1.96Rate spread (pts)+1.71 pts vs state
$88kMedian applicant income
24Loans originated
1Denied

Trend in Minnesota

YearApplicationsOriginatedDenial rateMedian rateRank in state
20233462.9%7.25%#327
20242673.9%9.63%#360
2025139240.7%7.62%#167

What Mission Loans lends in Minnesota

By loan purpose

Home purchase 1 1% · 0.0% denied
Refinance 28 20% · 0.0% denied
Cash-out refinance 53 38% · 0.0% denied
Other / HELOC 57 41% · 1.8% denied

By loan type

Conventional 115 83% · 0.9% denied
FHA 19 14% · 0.0% denied
VA 5 4% · 0.0% denied

Why it denied Minnesota applicants

Debt-to-income ratio 1 100%

Where in Minnesota

Counties with the most Mission Loans applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Hennepin County 3031 3.3%
Anoka County 1120 0.0%
Washington County 1140 0.0%
Dakota County 920 0.0%
Ramsey County 820 0.0%
St. Louis County 500 0.0%
Carver County 400 0.0%
Wright County 400 0.0%
Steele County 410 0.0%
Carlton County 430 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: 139 applications in 2025, of which 24 were originated and 1 denied.

0.7% of all applications, or 3.5% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.

The median rate on loans Mission Loans originated in Minnesota in 2025 was 7.62%, against a statewide median of 6.63%.

About this data. Figures are Mission Loans'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