Sfmc in Minnesota vs the state
7.8%Denial rate-5.80 pts vs state
9.2%Decision denial rate-7.18 pts vs state
70.9%Origination rate+4.55 pts vs state
5.75%Median rate-0.88 pts vs state
-0.29Rate spread (pts)-0.54 pts vs state
$119kMedian applicant income
100Loans originated
11Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2024 | 14 | 8 | 7.1% | 6.63% | #415 |
| 2025 | 141 | 100 | 7.8% | 5.75% | #166 |
What Sfmc lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Sfmc applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wright County | 50 | 39 | 2 | 4.0% |
| Washington County | 40 | 30 | 4 | 10.0% |
| Anoka County | 36 | 22 | 3 | 8.3% |
| Dakota County | 3 | 2 | 0 | 0.0% |
| Hennepin County | 3 | 1 | 1 | 33.3% |
| Ramsey County | 3 | 1 | 0 | 0.0% |
| Goodhue County | 1 | 1 | 0 | 0.0% |
| Benton County | 1 | 1 | 0 | 0.0% |
| Sherburne County | 1 | 1 | 0 | 0.0% |
| St. Louis County | 1 | 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: 141 applications in 2025, of which 100 were originated and 11 denied.
7.8% of all applications, or 9.2% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Sfmc originated in Minnesota in 2025 was 5.75%, against a statewide median of 6.63%.
About this data. Figures are Sfmc'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