The Federal Savings Bank in Minnesota vs the state
9.6%Denial rate-3.98 pts vs state
25.0%Decision denial rate+8.65 pts vs state
28.4%Origination rate-38.00 pts vs state
6.25%Median rate-0.38 pts vs state
0.22Rate spread (pts)-0.04 pts vs state
$83kMedian applicant income
59Loans originated
20Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 231 | 68 | 7.8% | 6.44% | #110 |
| 2024 | 232 | 74 | 10.3% | 6.25% | #115 |
| 2025 | 208 | 59 | 9.6% | 6.25% | #137 |
What The Federal Savings Bank lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most The Federal Savings Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 32 | 9 | 4 | 12.5% |
| Ramsey County | 18 | 1 | 4 | 22.2% |
| Dakota County | 16 | 5 | 2 | 12.5% |
| Anoka County | 14 | 7 | 1 | 7.1% |
| Scott County | 9 | 2 | 1 | 11.1% |
| Washington County | 9 | 4 | 2 | 22.2% |
| Stearns County | 8 | 2 | 1 | 12.5% |
| Wright County | 7 | 3 | 0 | 0.0% |
| St. Louis County | 7 | 0 | 1 | 14.3% |
| Crow Wing County | 6 | 3 | 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: 208 applications in 2025, of which 59 were originated and 20 denied.
9.6% of all applications, or 25.0% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans The Federal Savings Bank originated in Minnesota in 2025 was 6.25%, against a statewide median of 6.63%.
About this data. Figures are The Federal Savings Bank'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