Morgan Stanley Private Bank · Minnesota · 2025

Morgan Stanley Private Bank in Minnesota: approval rate, denial rate and rates (2025)

Morgan Stanley Private Bank took 160 mortgage applications in Minnesota in 2025, ranking #157 of 870 lenders active in the state. It originated 74.4% of them and denied 5.0% (5.9% of the applications it decided), against a statewide denial rate of 13.6%.

160Applicationsin MN
5.9%Decision denial ratestate 16.4%
6.00%Median ratestate 6.63%
$550,000Median loanstate $215,000
$79MVolume25 counties

Morgan Stanley Private Bank in Minnesota vs the state

5.0%Denial rate-8.60 pts vs state
5.9%Decision denial rate-10.42 pts vs state
74.4%Origination rate+8.01 pts vs state
6.00%Median rate-0.63 pts vs state
-0.18Rate spread (pts)-0.43 pts vs state
$250kMedian applicant income
119Loans originated
8Denied

Trend in Minnesota

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231301053.1%5.95%#157
20241341091.5%6.20%#162
20251601195.0%6.00%#157

What Morgan Stanley Private Bank lends in Minnesota

By loan purpose

Home purchase 111 69% · 1.8% denied
Refinance 6 4% · 0.0% denied
Cash-out refinance 6 4% · 16.7% denied
Home improvement 3 2% · 66.7% denied
Other / HELOC 34 21% · 8.8% denied

By loan type

Conventional 160 100% · 5.0% denied

Why it denied Minnesota applicants

Debt-to-income ratio 3 38%
Credit history 2 25%
Collateral 1 13%
Unverifiable information 1 13%
Other 1 13%

Where in Minnesota

Counties with the most Morgan Stanley Private Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Hennepin County 86682 2.3%
Washington County 13110 0.0%
Carver County 1080 0.0%
Ramsey County 962 22.2%
Anoka County 731 14.3%
Dakota County 750 0.0%
Crow Wing County 320 0.0%
Douglas County 220 0.0%
Le Sueur County 201 50.0%
Cass County 220 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: 160 applications in 2025, of which 119 were originated and 8 denied.

5.0% of all applications, or 5.9% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.

The median rate on loans Morgan Stanley Private Bank originated in Minnesota in 2025 was 6.00%, against a statewide median of 6.63%.

About this data. Figures are Morgan Stanley Private 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