New Day Financial in Minnesota vs the state
20.9%Denial rate+7.25 pts vs state
48.1%Decision denial rate+31.76 pts vs state
19.7%Origination rate-46.67 pts vs state
6.99%Median rate+0.37 pts vs state
0.82Rate spread (pts)+0.57 pts vs state
$69kMedian applicant income
120Loans originated
127Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 419 | 65 | 26.3% | 7.49% | #80 |
| 2024 | 580 | 82 | 24.8% | 7.75% | #68 |
| 2025 | 609 | 120 | 20.9% | 6.99% | #68 |
What New Day Financial lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most New Day Financial applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 60 | 8 | 18 | 30.0% |
| Anoka County | 42 | 10 | 9 | 21.4% |
| St. Louis County | 40 | 8 | 8 | 20.0% |
| Dakota County | 38 | 8 | 7 | 18.4% |
| Washington County | 26 | 0 | 11 | 42.3% |
| Ramsey County | 22 | 3 | 3 | 13.6% |
| Sherburne County | 20 | 3 | 3 | 15.0% |
| Scott County | 18 | 2 | 4 | 22.2% |
| Otter Tail County | 17 | 2 | 3 | 17.6% |
| Crow Wing County | 17 | 6 | 2 | 11.8% |
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: 609 applications in 2025, of which 120 were originated and 127 denied.
20.9% of all applications, or 48.1% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans New Day Financial originated in Minnesota in 2025 was 6.99%, against a statewide median of 6.63%.
About this data. Figures are New Day Financial'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