PNC Bank in Minnesota vs the state
27.6%Denial rate+14.03 pts vs state
35.7%Decision denial rate+19.31 pts vs state
46.9%Origination rate-19.52 pts vs state
6.50%Median rate-0.13 pts vs state
-0.08Rate spread (pts)-0.34 pts vs state
$150kMedian applicant income
156Loans originated
92Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 240 | 128 | 22.5% | 8.48% | #108 |
| 2024 | 301 | 149 | 28.2% | 6.99% | #98 |
| 2025 | 333 | 156 | 27.6% | 6.50% | #106 |
What PNC Bank lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most PNC Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 103 | 50 | 27 | 26.2% |
| Dakota County | 26 | 10 | 6 | 23.1% |
| Washington County | 22 | 14 | 4 | 18.2% |
| Ramsey County | 22 | 13 | 5 | 22.7% |
| Anoka County | 20 | 7 | 9 | 45.0% |
| Carver County | 13 | 4 | 4 | 30.8% |
| Wright County | 11 | 5 | 3 | 27.3% |
| Olmsted County | 9 | 5 | 3 | 33.3% |
| St. Louis County | 8 | 3 | 2 | 25.0% |
| Scott County | 8 | 6 | 1 | 12.5% |
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: 333 applications in 2025, of which 156 were originated and 92 denied.
27.6% of all applications, or 35.7% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans PNC Bank originated in Minnesota in 2025 was 6.50%, against a statewide median of 6.63%.
About this data. Figures are PNC 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