Rocket Mortgage in Minnesota vs the state
16.3%Denial rate+2.74 pts vs state
17.5%Decision denial rate+1.15 pts vs state
74.3%Origination rate+7.97 pts vs state
6.63%Median rate0.00 pts vs state
0.46Rate spread (pts)+0.21 pts vs state
$98kMedian applicant income
5,672Loans originated
1,247Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 4,590 | 3,375 | 16.7% | 6.75% | #6 |
| 2024 | 5,956 | 4,597 | 14.3% | 6.63% | #5 |
| 2025 | 7,630 | 5,672 | 16.3% | 6.63% | #4 |
What Rocket Mortgage lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Rocket Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 1,395 | 1,056 | 198 | 14.2% |
| Dakota County | 605 | 451 | 93 | 15.4% |
| Anoka County | 570 | 449 | 73 | 12.8% |
| Ramsey County | 519 | 383 | 84 | 16.2% |
| Washington County | 380 | 299 | 55 | 14.5% |
| St. Louis County | 292 | 207 | 58 | 19.9% |
| Wright County | 282 | 224 | 34 | 12.1% |
| Scott County | 251 | 191 | 38 | 15.1% |
| Sherburne County | 211 | 157 | 31 | 14.7% |
| Carver County | 190 | 148 | 25 | 13.2% |
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% |
| 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% |
| Broker Solutions | D | 3,246 | 5.5% | 6.75% |
Frequently asked questions
Minnesota: 7,630 applications in 2025, of which 5,672 were originated and 1,247 denied.
16.3% of all applications, or 17.5% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Rocket Mortgage originated in Minnesota in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are Rocket 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