Primelending, a Plainscapital · Minnesota · 2025

Primelending, a Plainscapital in Minnesota: approval rate, denial rate and rates (2025)

Primelending, a Plainscapital took 578 mortgage applications in Minnesota in 2025, ranking #74 of 870 lenders active in the state. It originated 72.3% of them and denied 4.3% (5.4% of the applications it decided), against a statewide denial rate of 13.6%.

578Applicationsin MN
5.4%Decision denial ratestate 16.4%
6.63%Median ratestate 6.63%
$255,000Median loanstate $215,000
$112MVolume56 counties

Primelending, a Plainscapital in Minnesota vs the state

4.3%Denial rate-9.27 pts vs state
5.4%Decision denial rate-10.92 pts vs state
72.3%Origination rate+5.95 pts vs state
6.63%Median rate0.00 pts vs state
0.20Rate spread (pts)-0.05 pts vs state
$96kMedian applicant income
418Loans originated
25Denied

Trend in Minnesota

YearApplicationsOriginatedDenial rateMedian rateRank in state
20234463503.4%6.75%#76
20245364143.9%6.88%#74
20255784184.3%6.63%#74

What Primelending, a Plainscapital lends in Minnesota

By loan purpose

Home purchase 411 71% · 2.2% denied
Refinance 107 19% · 10.3% denied
Cash-out refinance 46 8% · 8.7% denied
Other / HELOC 14 2% · 7.1% denied

By loan type

Conventional 485 84% · 3.7% denied
FHA 54 9% · 9.3% denied
VA 29 5% · 6.9% denied
USDA / RHS 10 2% · 0.0% denied

Why it denied Minnesota applicants

Debt-to-income ratio 14 56%
Collateral 7 28%
Credit history 3 12%
Incomplete application 1 4%

Where in Minnesota

Counties with the most Primelending, a Plainscapital applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Hennepin County 90616 6.7%
Stearns County 49384 8.2%
Ramsey County 46321 2.2%
Scott County 37232 5.4%
Dakota County 36250 0.0%
Anoka County 26181 3.8%
Wright County 23160 0.0%
Benton County 21172 9.5%
Washington County 20131 5.0%
Crow Wing County 18120 0.0%

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: 578 applications in 2025, of which 418 were originated and 25 denied.

4.3% of all applications, or 5.4% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.

The median rate on loans Primelending, a Plainscapital originated in Minnesota in 2025 was 6.63%, against a statewide median of 6.63%.

About this data. Figures are Primelending, a Plainscapital'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