Servion in Minnesota vs the state
2.4%Denial rate-11.21 pts vs state
2.8%Decision denial rate-13.56 pts vs state
83.0%Origination rate+16.61 pts vs state
6.38%Median rate-0.25 pts vs state
0.13Rate spread (pts)-0.12 pts vs state
$93kMedian applicant income
624Loans originated
18Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 641 | 560 | 3.4% | 6.63% | #58 |
| 2024 | 663 | 539 | 4.2% | 6.50% | #61 |
| 2025 | 752 | 624 | 2.4% | 6.38% | #59 |
What Servion lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Servion applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| St. Louis County | 97 | 75 | 3 | 3.1% |
| Olmsted County | 64 | 59 | 1 | 1.6% |
| Koochiching County | 58 | 50 | 1 | 1.7% |
| Hennepin County | 49 | 37 | 1 | 2.0% |
| Carlton County | 35 | 29 | 0 | 0.0% |
| Ramsey County | 34 | 24 | 2 | 5.9% |
| Anoka County | 27 | 23 | 1 | 3.7% |
| Washington County | 27 | 23 | 0 | 0.0% |
| Hubbard County | 27 | 24 | 0 | 0.0% |
| Dakota County | 25 | 21 | 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: 752 applications in 2025, of which 624 were originated and 18 denied.
2.4% of all applications, or 2.8% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Servion originated in Minnesota in 2025 was 6.38%, against a statewide median of 6.63%.
About this data. Figures are Servion'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