Royal United Mortgage in Minnesota vs the state
22.9%Denial rate+9.29 pts vs state
26.4%Decision denial rate+10.04 pts vs state
63.9%Origination rate-2.51 pts vs state
6.75%Median rate+0.13 pts vs state
0.92Rate spread (pts)+0.67 pts vs state
$52kMedian applicant income
53Loans originated
19Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 83 | 48 | 25.3% | 7.00% | #205 |
| 2024 | 110 | 65 | 25.5% | 7.00% | #178 |
| 2025 | 83 | 53 | 22.9% | 6.75% | #227 |
What Royal United Mortgage lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Royal United Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 6 | 4 | 0 | 0.0% |
| Martin County | 5 | 4 | 0 | 0.0% |
| St. Louis County | 5 | 5 | 0 | 0.0% |
| Blue Earth County | 3 | 1 | 2 | 66.7% |
| Watonwan County | 3 | 1 | 2 | 66.7% |
| Washington County | 3 | 3 | 0 | 0.0% |
| Carlton County | 3 | 2 | 1 | 33.3% |
| Steele County | 2 | 1 | 1 | 50.0% |
| Wright County | 2 | 2 | 0 | 0.0% |
| Todd County | 2 | 1 | 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: 83 applications in 2025, of which 53 were originated and 19 denied.
22.9% of all applications, or 26.4% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Royal United Mortgage originated in Minnesota in 2025 was 6.75%, against a statewide median of 6.63%.
About this data. Figures are Royal United 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