Newrez in Minnesota vs the state
16.9%Denial rate+3.27 pts vs state
27.5%Decision denial rate+11.11 pts vs state
43.7%Origination rate-22.67 pts vs state
6.63%Median rate0.00 pts vs state
0.29Rate spread (pts)+0.04 pts vs state
$104kMedian applicant income
1,057Loans originated
408Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,069 | 453 | 16.6% | 6.75% | #35 |
| 2024 | 1,825 | 887 | 16.4% | 6.75% | #23 |
| 2025 | 2,419 | 1,057 | 16.9% | 6.63% | #16 |
What Newrez lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Newrez applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 513 | 222 | 80 | 15.6% |
| Anoka County | 199 | 94 | 38 | 19.1% |
| Ramsey County | 174 | 75 | 21 | 12.1% |
| Dakota County | 146 | 61 | 25 | 17.1% |
| Washington County | 137 | 60 | 21 | 15.3% |
| Wright County | 122 | 62 | 19 | 15.6% |
| Scott County | 85 | 37 | 17 | 20.0% |
| St. Louis County | 79 | 25 | 16 | 20.3% |
| Sherburne County | 68 | 34 | 15 | 22.1% |
| Goodhue County | 63 | 36 | 13 | 20.6% |
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: 2,419 applications in 2025, of which 1,057 were originated and 408 denied.
16.9% of all applications, or 27.5% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Newrez originated in Minnesota in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are Newrez'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