Summit Mortgage in Minnesota vs the state
3.4%Denial rate-10.22 pts vs state
4.1%Decision denial rate-12.23 pts vs state
78.1%Origination rate+11.77 pts vs state
6.63%Median rate0.00 pts vs state
0.37Rate spread (pts)+0.11 pts vs state
$92kMedian applicant income
647Loans originated
28Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,111 | 855 | 3.2% | 6.88% | #33 |
| 2024 | 1,051 | 839 | 2.8% | 6.88% | #36 |
| 2025 | 828 | 647 | 3.4% | 6.63% | #56 |
What Summit Mortgage lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Summit Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 177 | 132 | 8 | 4.5% |
| St. Louis County | 110 | 92 | 4 | 3.6% |
| Anoka County | 94 | 77 | 0 | 0.0% |
| Ramsey County | 71 | 51 | 0 | 0.0% |
| Dakota County | 64 | 48 | 6 | 9.4% |
| Washington County | 49 | 37 | 1 | 2.0% |
| McLeod County | 40 | 36 | 0 | 0.0% |
| Sherburne County | 28 | 26 | 0 | 0.0% |
| Scott County | 23 | 17 | 0 | 0.0% |
| Wright County | 21 | 16 | 1 | 4.8% |
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: 828 applications in 2025, of which 647 were originated and 28 denied.
3.4% of all applications, or 4.1% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Summit Mortgage originated in Minnesota in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are Summit 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