Paramount Residential Mortgage Group · Minnesota · 2025

Paramount Residential Mortgage Group in Minnesota: approval rate, denial rate and rates (2025)

Paramount Residential Mortgage Group took 681 mortgage applications in Minnesota in 2025, ranking #64 of 870 lenders active in the state. It originated 71.8% of them and denied 4.0% (5.2% of the applications it decided), against a statewide denial rate of 13.6%.

681Applicationsin MN
5.2%Decision denial ratestate 16.4%
6.63%Median ratestate 6.63%
$315,000Median loanstate $215,000
$162MVolume42 counties

Paramount Residential Mortgage Group in Minnesota vs the state

4.0%Denial rate-9.64 pts vs state
5.2%Decision denial rate-11.12 pts vs state
71.8%Origination rate+5.44 pts vs state
6.63%Median rate0.00 pts vs state
0.46Rate spread (pts)+0.21 pts vs state
$99kMedian applicant income
489Loans originated
27Denied

Trend in Minnesota

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232081534.8%7.13%#119
20242561734.3%6.81%#108
20256814894.0%6.63%#64

What Paramount Residential Mortgage Group lends in Minnesota

By loan purpose

Home purchase 557 82% · 4.1% denied
Refinance 64 9% · 1.6% denied
Cash-out refinance 45 7% · 6.7% denied
Home improvement 15 2% · 0.0% denied

By loan type

Conventional 462 68% · 3.9% denied
FHA 165 24% · 4.9% denied
VA 30 4% · 0.0% denied
USDA / RHS 24 4% · 4.2% denied

Why it denied Minnesota applicants

Debt-to-income ratio 13 48%
Collateral 9 33%
Credit history 3 11%
Other 1 4%
Incomplete application 1 4%

Where in Minnesota

Counties with the most Paramount Residential Mortgage Group applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Hennepin County 1731139 5.2%
Anoka County 86663 3.5%
Wright County 69512 2.9%
Dakota County 66542 3.0%
Ramsey County 60421 1.7%
Sherburne County 34222 5.9%
Washington County 28192 7.1%
Scott County 22150 0.0%
Isanti County 17131 5.9%
Stearns County 13110 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: 681 applications in 2025, of which 489 were originated and 27 denied.

4.0% of all applications, or 5.2% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.

The median rate on loans Paramount Residential Mortgage Group originated in Minnesota in 2025 was 6.63%, against a statewide median of 6.63%.

About this data. Figures are Paramount Residential Mortgage Group'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