Mutual of Omaha Mortgage · Minnesota · 2025

Mutual of Omaha Mortgage in Minnesota: approval rate, denial rate and rates (2025)

Mutual of Omaha Mortgage took 941 mortgage applications in Minnesota in 2025, ranking #52 of 870 lenders active in the state. It originated 71.2% of them and denied 10.2% (12.3% of the applications it decided), against a statewide denial rate of 13.6%.

941Applicationsin MN
12.3%Decision denial ratestate 16.4%
6.43%Median ratestate 6.63%
$265,000Median loanstate $215,000
$205MVolume68 counties

Mutual of Omaha Mortgage in Minnesota vs the state

10.2%Denial rate-3.40 pts vs state
12.3%Decision denial rate-4.03 pts vs state
71.2%Origination rate+4.83 pts vs state
6.43%Median rate-0.19 pts vs state
0.21Rate spread (pts)-0.04 pts vs state
$91kMedian applicant income
670Loans originated
96Denied

Trend in Minnesota

YearApplicationsOriginatedDenial rateMedian rateRank in state
202331616727.2%6.88%#92
202448428019.6%6.63%#79
202594167010.2%6.43%#52

What Mutual of Omaha Mortgage lends in Minnesota

By loan purpose

Home purchase 454 48% · 2.2% denied
Refinance 143 15% · 6.3% denied
Cash-out refinance 281 30% · 21.7% denied
Home improvement 13 1% · 30.8% denied
Other / HELOC 50 5% · 24.0% denied

By loan type

Conventional 499 53% · 7.0% denied
FHA 315 33% · 17.8% denied
VA 126 13% · 4.0% denied
USDA / RHS 1 0% · 0.0% denied

Why it denied Minnesota applicants

Credit history 56 58%
Collateral 26 27%
Unverifiable information 7 7%
Insufficient cash 4 4%
Other 2 2%
Incomplete application 1 1%

Where in Minnesota

Counties with the most Mutual of Omaha Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Hennepin County 20015910 5.0%
Dakota County 111884 3.6%
Ramsey County 74518 10.8%
Anoka County 663915 22.7%
Washington County 59427 11.9%
Scott County 37322 5.4%
Carver County 30222 6.7%
Wright County 27162 7.4%
St. Louis County 22123 13.6%
Sherburne County 19130 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: 941 applications in 2025, of which 670 were originated and 96 denied.

10.2% of all applications, or 12.3% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.

The median rate on loans Mutual of Omaha Mortgage originated in Minnesota in 2025 was 6.43%, against a statewide median of 6.63%.

About this data. Figures are Mutual of Omaha Mortgage'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