Swbc Mortgage in Minnesota vs the state
3.5%Denial rate-10.13 pts vs state
3.9%Decision denial rate-12.48 pts vs state
82.6%Origination rate+16.27 pts vs state
6.63%Median rate0.00 pts vs state
0.28Rate spread (pts)+0.03 pts vs state
$92kMedian applicant income
476Loans originated
20Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 327 | 261 | 3.7% | 7.00% | #91 |
| 2024 | 542 | 453 | 3.9% | 6.88% | #73 |
| 2025 | 576 | 476 | 3.5% | 6.63% | #75 |
What Swbc Mortgage lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Swbc Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 145 | 113 | 4 | 2.8% |
| Ramsey County | 111 | 87 | 4 | 3.6% |
| Washington County | 80 | 69 | 4 | 5.0% |
| Anoka County | 77 | 66 | 4 | 5.2% |
| Dakota County | 37 | 32 | 0 | 0.0% |
| Chisago County | 16 | 15 | 0 | 0.0% |
| Wright County | 13 | 9 | 1 | 7.7% |
| Sherburne County | 9 | 9 | 0 | 0.0% |
| Kandiyohi County | 8 | 5 | 3 | 37.5% |
| Stearns County | 7 | 5 | 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: 576 applications in 2025, of which 476 were originated and 20 denied.
3.5% of all applications, or 3.9% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Swbc Mortgage originated in Minnesota in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are Swbc 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