Neighborhood Loans in Minnesota vs the state
48.9%Denial rate+35.34 pts vs state
69.7%Decision denial rate+53.35 pts vs state
19.2%Origination rate-47.22 pts vs state
7.25%Median rate+0.63 pts vs state
1.25Rate spread (pts)+1.00 pts vs state
$112kMedian applicant income
9Loans originated
23Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 217 | 180 | 8.3% | 6.88% | #116 |
| 2024 | 196 | 156 | 12.8% | 6.75% | #127 |
| 2025 | 47 | 9 | 48.9% | 7.25% | #302 |
What Neighborhood Loans lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Neighborhood Loans applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Sherburne County | 15 | 2 | 8 | 53.3% |
| Hennepin County | 6 | 2 | 2 | 33.3% |
| Wright County | 5 | 0 | 3 | 60.0% |
| Anoka County | 5 | 0 | 4 | 80.0% |
| Stearns County | 4 | 2 | 1 | 25.0% |
| Benton County | 3 | 1 | 2 | 66.7% |
| Ramsey County | 2 | 2 | 0 | 0.0% |
| Carver County | 1 | 0 | 1 | 100.0% |
| Mille Lacs County | 1 | 0 | 1 | 100.0% |
| Kanabec County | 1 | 0 | 0 | 0.0% |
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: 47 applications in 2025, of which 9 were originated and 23 denied.
48.9% of all applications, or 69.7% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Neighborhood Loans originated in Minnesota in 2025 was 7.25%, against a statewide median of 6.63%.
About this data. Figures are Neighborhood 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