Resicentral · Minnesota · 2025

Resicentral in Minnesota: approval rate, denial rate and rates (2025)

Resicentral took 367 mortgage applications in Minnesota in 2025, ranking #97 of 870 lenders active in the state. It originated 66.5% of them and denied 2.5% (3.4% of the applications it decided), against a statewide denial rate of 13.6%.

367Applicationsin MN
3.4%Decision denial ratestate 16.4%
6.49%Median ratestate 6.63%
$325,000Median loanstate $215,000
$84MVolume34 counties

Resicentral in Minnesota vs the state

2.5%Denial rate-11.15 pts vs state
3.4%Decision denial rate-12.98 pts vs state
66.5%Origination rate+0.12 pts vs state
6.49%Median rate-0.13 pts vs state
0.16Rate spread (pts)-0.09 pts vs state
$121kMedian applicant income
244Loans originated
9Denied

Trend in Minnesota

YearApplicationsOriginatedDenial rateMedian rateRank in state
2024109821.8%6.49%#181
20253672442.5%6.49%#97

What Resicentral lends in Minnesota

By loan purpose

Home purchase 284 77% · 2.5% denied
Refinance 42 11% · 2.4% denied
Cash-out refinance 30 8% · 3.3% denied
Home improvement 11 3% · 0.0% denied

By loan type

Conventional 330 90% · 2.1% denied
FHA 24 7% · 4.2% denied
VA 13 4% · 7.7% denied

Why it denied Minnesota applicants

Debt-to-income ratio 4 44%
Collateral 3 33%
Unverifiable information 1 11%
Credit history 1 11%

Where in Minnesota

Counties with the most Resicentral applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Hennepin County 111683 2.7%
Dakota County 49291 2.0%
Ramsey County 44302 4.5%
Anoka County 41321 2.4%
Washington County 19180 0.0%
Scott County 18140 0.0%
Wright County 16110 0.0%
Olmsted County 740 0.0%
Carver County 750 0.0%
St. Louis County 640 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: 367 applications in 2025, of which 244 were originated and 9 denied.

2.5% of all applications, or 3.4% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.

The median rate on loans Resicentral originated in Minnesota in 2025 was 6.49%, against a statewide median of 6.63%.

About this data. Figures are Resicentral'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