Planet Home Lending in Minnesota vs the state
9.4%Denial rate-4.24 pts vs state
10.1%Decision denial rate-6.30 pts vs state
83.3%Origination rate+16.88 pts vs state
6.38%Median rate-0.25 pts vs state
0.30Rate spread (pts)+0.05 pts vs state
$107kMedian applicant income
169Loans originated
19Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 85 | 58 | 24.7% | 6.50% | #203 |
| 2024 | 98 | 73 | 20.4% | 6.25% | #191 |
| 2025 | 203 | 169 | 9.4% | 6.38% | #138 |
What Planet Home Lending lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Planet Home Lending applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 38 | 33 | 3 | 7.9% |
| Dakota County | 28 | 22 | 1 | 3.6% |
| Ramsey County | 23 | 21 | 0 | 0.0% |
| Anoka County | 14 | 12 | 2 | 14.3% |
| Washington County | 9 | 8 | 1 | 11.1% |
| Isanti County | 7 | 7 | 0 | 0.0% |
| Sherburne County | 7 | 7 | 0 | 0.0% |
| Chisago County | 6 | 6 | 0 | 0.0% |
| Stearns County | 5 | 4 | 1 | 20.0% |
| Rice County | 5 | 4 | 1 | 20.0% |
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: 203 applications in 2025, of which 169 were originated and 19 denied.
9.4% of all applications, or 10.1% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Planet Home Lending originated in Minnesota in 2025 was 6.38%, against a statewide median of 6.63%.
About this data. Figures are Planet Home Lending'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