Northwest Bank in Minnesota vs the state
8.8%Denial rate-4.78 pts vs state
9.4%Decision denial rate-6.97 pts vs state
85.3%Origination rate+18.92 pts vs state
6.75%Median rate+0.13 pts vs state
-0.14Rate spread (pts)-0.39 pts vs state
$186kMedian applicant income
29Loans originated
3Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 31 | 26 | 12.9% | 6.69% | #343 |
| 2024 | 29 | 23 | 6.9% | 6.63% | #343 |
| 2025 | 34 | 29 | 8.8% | 6.75% | #331 |
What Northwest Bank lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Northwest Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Jackson County | 7 | 6 | 1 | 14.3% |
| Kandiyohi County | 4 | 4 | 0 | 0.0% |
| Hennepin County | 4 | 3 | 1 | 25.0% |
| Dakota County | 3 | 3 | 0 | 0.0% |
| Carver County | 2 | 2 | 0 | 0.0% |
| Wilkin County | 2 | 1 | 0 | 0.0% |
| Otter Tail County | 2 | 2 | 0 | 0.0% |
| Scott County | 2 | 1 | 0 | 0.0% |
| Nobles County | 1 | 1 | 0 | 0.0% |
| Lake of the Woods County | 1 | 1 | 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: 34 applications in 2025, of which 29 were originated and 3 denied.
8.8% of all applications, or 9.4% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Northwest Bank originated in Minnesota in 2025 was 6.75%, against a statewide median of 6.63%.
About this data. Figures are Northwest Bank'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