Third Federal Savings and Loan Association of Cleveland in Minnesota vs the state
38.0%Denial rate+24.44 pts vs state
43.1%Decision denial rate+26.71 pts vs state
48.5%Origination rate-17.90 pts vs state
6.99%Median rate+0.37 pts vs state
-0.30Rate spread (pts)-0.55 pts vs state
$165kMedian applicant income
79Loans originated
62Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 199 | 87 | 40.7% | 7.24% | #124 |
| 2024 | 192 | 95 | 35.4% | 7.49% | #130 |
| 2025 | 163 | 79 | 38.0% | 6.99% | #153 |
What Third Federal Savings and Loan Association of Cleveland lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Third Federal Savings and Loan Association of Cleveland applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 61 | 33 | 20 | 32.8% |
| Dakota County | 17 | 8 | 3 | 17.6% |
| Washington County | 15 | 6 | 6 | 40.0% |
| Anoka County | 14 | 7 | 6 | 42.9% |
| Ramsey County | 12 | 8 | 3 | 25.0% |
| Carver County | 11 | 5 | 6 | 54.5% |
| Scott County | 8 | 2 | 5 | 62.5% |
| Wright County | 4 | 3 | 1 | 25.0% |
| Sherburne County | 3 | 0 | 2 | 66.7% |
| Olmsted County | 3 | 0 | 2 | 66.7% |
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: 163 applications in 2025, of which 79 were originated and 62 denied.
38.0% of all applications, or 43.1% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Third Federal Savings and Loan Association of Cleveland originated in Minnesota in 2025 was 6.99%, against a statewide median of 6.63%.
About this data. Figures are Third Federal Savings and Loan Association of Cleveland'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