Mortgage Research Center in Minnesota vs the state
17.7%Denial rate+4.13 pts vs state
25.8%Decision denial rate+9.45 pts vs state
50.5%Origination rate-15.84 pts vs state
6.25%Median rate-0.38 pts vs state
-0.21Rate spread (pts)-0.46 pts vs state
$91kMedian applicant income
1,143Loans originated
401Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,295 | 709 | 15.5% | 6.75% | #29 |
| 2024 | 1,711 | 878 | 15.2% | 6.63% | #25 |
| 2025 | 2,262 | 1,143 | 17.7% | 6.25% | #19 |
What Mortgage Research Center lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Mortgage Research Center applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 239 | 103 | 49 | 20.5% |
| Dakota County | 170 | 91 | 24 | 14.1% |
| Anoka County | 134 | 57 | 29 | 21.6% |
| Ramsey County | 126 | 67 | 22 | 17.5% |
| St. Louis County | 115 | 59 | 26 | 22.6% |
| Washington County | 108 | 54 | 20 | 18.5% |
| Stearns County | 83 | 54 | 9 | 10.8% |
| Wright County | 68 | 33 | 15 | 22.1% |
| Scott County | 54 | 26 | 11 | 20.4% |
| Olmsted County | 53 | 27 | 7 | 13.2% |
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: 2,262 applications in 2025, of which 1,143 were originated and 401 denied.
17.7% of all applications, or 25.8% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Mortgage Research Center originated in Minnesota in 2025 was 6.25%, against a statewide median of 6.63%.
About this data. Figures are Mortgage Research Center'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