Primary Residential Mortgage in Minnesota vs the state
4.4%Denial rate-9.19 pts vs state
5.6%Decision denial rate-10.74 pts vs state
74.3%Origination rate+7.89 pts vs state
6.50%Median rate-0.13 pts vs state
0.43Rate spread (pts)+0.18 pts vs state
$78kMedian applicant income
101Loans originated
6Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 105 | 80 | 4.8% | 6.99% | #179 |
| 2024 | 173 | 148 | 1.7% | 6.88% | #140 |
| 2025 | 136 | 101 | 4.4% | 6.50% | #169 |
What Primary Residential Mortgage lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Primary Residential Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Otter Tail County | 23 | 23 | 0 | 0.0% |
| Murray County | 16 | 14 | 2 | 12.5% |
| Anoka County | 11 | 5 | 1 | 9.1% |
| Hennepin County | 11 | 8 | 1 | 9.1% |
| Wright County | 11 | 10 | 0 | 0.0% |
| Clearwater County | 5 | 5 | 0 | 0.0% |
| Scott County | 5 | 2 | 0 | 0.0% |
| Ramsey County | 5 | 1 | 2 | 40.0% |
| Sherburne County | 4 | 4 | 0 | 0.0% |
| Stearns County | 4 | 3 | 0 | 0.0% |
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: 136 applications in 2025, of which 101 were originated and 6 denied.
4.4% of all applications, or 5.6% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Primary Residential Mortgage originated in Minnesota in 2025 was 6.50%, against a statewide median of 6.63%.
About this data. Figures are Primary Residential Mortgage'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