Plains Commerce Bank · Minnesota · 2025

Plains Commerce Bank in Minnesota: approval rate, denial rate and rates (2025)

Plains Commerce Bank took 597 mortgage applications in Minnesota in 2025, ranking #71 of 870 lenders active in the state. It originated 63.2% of them and denied 8.5% (11.9% of the applications it decided), against a statewide denial rate of 13.6%.

597Applicationsin MN
11.9%Decision denial ratestate 16.4%
6.63%Median ratestate 6.63%
$285,000Median loanstate $215,000
$112MVolume64 counties

Plains Commerce Bank in Minnesota vs the state

8.5%Denial rate-5.06 pts vs state
11.9%Decision denial rate-4.43 pts vs state
63.2%Origination rate-3.22 pts vs state
6.63%Median rate0.00 pts vs state
0.44Rate spread (pts)+0.19 pts vs state
$104kMedian applicant income
377Loans originated
51Denied

Trend in Minnesota

YearApplicationsOriginatedDenial rateMedian rateRank in state
20234962986.1%6.88%#69
20247974924.4%6.75%#54
20255973778.5%6.63%#71

What Plains Commerce Bank lends in Minnesota

By loan purpose

Home purchase 524 88% · 8.6% denied
Refinance 44 7% · 9.1% denied
Cash-out refinance 23 4% · 4.4% denied
Other / HELOC 6 1% · 16.7% denied

By loan type

Conventional 413 69% · 6.1% denied
FHA 153 26% · 16.3% denied
VA 26 4% · 3.9% denied
USDA / RHS 5 1% · 0.0% denied

Why it denied Minnesota applicants

Debt-to-income ratio 31 61%
Credit history 9 18%
Collateral 3 6%
Employment history 3 6%
Other 2 4%
Unverifiable information 2 4%
Incomplete application 1 2%

Where in Minnesota

Counties with the most Plains Commerce Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Hennepin County 83552 2.4%
Anoka County 53356 11.3%
Ramsey County 37283 8.1%
Dakota County 36223 8.3%
Rock County 34242 5.9%
Nobles County 31212 6.5%
Lyon County 22143 13.6%
Waseca County 16101 6.3%
Washington County 16101 6.3%
Olmsted County 1561 6.7%

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: 597 applications in 2025, of which 377 were originated and 51 denied.

8.5% of all applications, or 11.9% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.

The median rate on loans Plains Commerce Bank originated in Minnesota in 2025 was 6.63%, against a statewide median of 6.63%.

About this data. Figures are Plains Commerce 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