Pennymac Loan Services in Minnesota vs the state
9.9%Denial rate-3.67 pts vs state
13.5%Decision denial rate-2.87 pts vs state
61.8%Origination rate-4.55 pts vs state
6.25%Median rate-0.38 pts vs state
0.07Rate spread (pts)-0.18 pts vs state
$121kMedian applicant income
1,705Loans originated
274Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,768 | 1,106 | 11.9% | 6.50% | #21 |
| 2024 | 2,317 | 1,394 | 12.0% | 6.62% | #16 |
| 2025 | 2,758 | 1,705 | 9.9% | 6.25% | #13 |
What Pennymac Loan Services lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Pennymac Loan Services applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 668 | 445 | 59 | 8.8% |
| Dakota County | 266 | 166 | 22 | 8.3% |
| Anoka County | 238 | 149 | 23 | 9.7% |
| Ramsey County | 201 | 128 | 18 | 9.0% |
| Washington County | 161 | 97 | 19 | 11.8% |
| Wright County | 126 | 84 | 9 | 7.1% |
| Carver County | 87 | 61 | 4 | 4.6% |
| Sherburne County | 76 | 46 | 8 | 10.5% |
| Scott County | 74 | 48 | 9 | 12.2% |
| Stearns County | 61 | 36 | 8 | 13.1% |
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: 2,758 applications in 2025, of which 1,705 were originated and 274 denied.
9.9% of all applications, or 13.5% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Pennymac Loan Services originated in Minnesota in 2025 was 6.25%, against a statewide median of 6.63%.
About this data. Figures are Pennymac Loan Services'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