T2 Financial in Minnesota vs the state
13.3%Denial rate-0.27 pts vs state
13.3%Decision denial rate-3.02 pts vs state
80.0%Origination rate+13.63 pts vs state
6.50%Median rate-0.13 pts vs state
0.27Rate spread (pts)+0.02 pts vs state
$164kMedian applicant income
12Loans originated
2Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2024 | 6 | 4 | 16.7% | 7.31% | #513 |
| 2025 | 15 | 12 | 13.3% | 6.50% | #417 |
What T2 Financial lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most T2 Financial applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Scott County | 4 | 2 | 1 | 25.0% |
| Hennepin County | 3 | 3 | 0 | 0.0% |
| Mower County | 1 | 1 | 0 | 0.0% |
| Le Sueur County | 1 | 1 | 0 | 0.0% |
| St. Louis County | 1 | 0 | 1 | 100.0% |
| Wright County | 1 | 1 | 0 | 0.0% |
| Chisago County | 1 | 1 | 0 | 0.0% |
| Ramsey County | 1 | 1 | 0 | 0.0% |
| McLeod County | 1 | 1 | 0 | 0.0% |
| Anoka 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: 15 applications in 2025, of which 12 were originated and 2 denied.
13.3% of all applications, or 13.3% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans T2 Financial originated in Minnesota in 2025 was 6.50%, against a statewide median of 6.63%.
About this data. Figures are T2 Financial'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