Tomo Mortgage in Minnesota vs the state
10.8%Denial rate-2.82 pts vs state
18.6%Decision denial rate+2.21 pts vs state
46.1%Origination rate-20.26 pts vs state
6.38%Median rate-0.25 pts vs state
-0.10Rate spread (pts)-0.36 pts vs state
$151kMedian applicant income
77Loans originated
18Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2024 | 38 | 13 | 0.0% | 6.63% | #303 |
| 2025 | 167 | 77 | 10.8% | 6.38% | #151 |
What Tomo Mortgage lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Tomo Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 47 | 24 | 2 | 4.3% |
| Dakota County | 20 | 11 | 1 | 5.0% |
| Anoka County | 18 | 6 | 3 | 16.7% |
| Ramsey County | 12 | 2 | 5 | 41.7% |
| Washington County | 11 | 4 | 1 | 9.1% |
| Scott County | 11 | 4 | 1 | 9.1% |
| Wright County | 6 | 2 | 1 | 16.7% |
| St. Louis County | 6 | 2 | 1 | 16.7% |
| Carver County | 4 | 2 | 0 | 0.0% |
| Olmsted County | 4 | 1 | 1 | 25.0% |
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: 167 applications in 2025, of which 77 were originated and 18 denied.
10.8% of all applications, or 18.6% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Tomo Mortgage originated in Minnesota in 2025 was 6.38%, against a statewide median of 6.63%.
About this data. Figures are Tomo 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