Raymond James Bank · Minnesota · 2025

Raymond James Bank in Minnesota: approval rate, denial rate and rates (2025)

Raymond James Bank took 16 mortgage applications in Minnesota in 2025, ranking #413 of 870 lenders active in the state. It originated 93.8% of them and denied 6.3% (6.3% of the applications it decided), against a statewide denial rate of 13.6%.

16Applicationsin MN
6.3%Decision denial ratestate 16.4%
5.63%Median ratestate 6.63%
$655,000Median loanstate $215,000
$10MVolume9 counties

Raymond James Bank in Minnesota vs the state

6.3%Denial rate-7.35 pts vs state
6.3%Decision denial rate-10.10 pts vs state
93.8%Origination rate+27.38 pts vs state
5.63%Median rate-1.00 pts vs state
-0.45Rate spread (pts)-0.70 pts vs state
$422kMedian applicant income
15Loans originated
1Denied

Trend in Minnesota

YearApplicationsOriginatedDenial rateMedian rateRank in state
202317140.0%5.88%#400
20241298.3%5.88%#437
202516156.3%5.63%#413

What Raymond James Bank lends in Minnesota

By loan purpose

Home purchase 8 50% · 0.0% denied
Refinance 1 6% · 0.0% denied
Cash-out refinance 1 6% · 0.0% denied
Other / HELOC 6 38% · 16.7% denied

By loan type

Conventional 16 100% · 6.3% denied

Why it denied Minnesota applicants

Collateral 1 100%

Where in Minnesota

Counties with the most Raymond James Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Hennepin County 440 0.0%
Cass County 321 33.3%
Dakota County 220 0.0%
St. Louis County 220 0.0%
Olmsted County 110 0.0%
Washington County 110 0.0%
Anoka County 110 0.0%
Carver County 110 0.0%
Todd County 110 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: 16 applications in 2025, of which 15 were originated and 1 denied.

6.3% of all applications, or 6.3% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.

The median rate on loans Raymond James Bank originated in Minnesota in 2025 was 5.63%, against a statewide median of 6.63%.

About this data. Figures are Raymond James 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