Top Flite Financial · Minnesota · 2025

Top Flite Financial in Minnesota: approval rate, denial rate and rates (2025)

Top Flite Financial took 68 mortgage applications in Minnesota in 2025, ranking #251 of 870 lenders active in the state. It originated 45.6% of them and denied 13.2% (22.5% of the applications it decided), against a statewide denial rate of 13.6%.

68Applicationsin MN
22.5%Decision denial ratestate 16.4%
6.88%Median ratestate 6.63%
$205,000Median loanstate $215,000
$6.0MVolume33 counties

Top Flite Financial in Minnesota vs the state

13.2%Denial rate-0.36 pts vs state
22.5%Decision denial rate+6.15 pts vs state
45.6%Origination rate-20.78 pts vs state
6.88%Median rate+0.25 pts vs state
1.58Rate spread (pts)+1.33 pts vs state
$77kMedian applicant income
31Loans originated
9Denied

Trend in Minnesota

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023632711.1%7.00%#240
2024703517.1%6.99%#233
2025683113.2%6.88%#251

What Top Flite Financial lends in Minnesota

By loan purpose

Home purchase 5 7% · 0.0% denied
Cash-out refinance 57 84% · 10.5% denied
Home improvement 6 9% · 50.0% denied

By loan type

Conventional 6 9% · 0.0% denied
FHA 62 91% · 14.5% denied

Why it denied Minnesota applicants

Other 4 44%
Debt-to-income ratio 3 33%
Credit history 1 11%
Unverifiable information 1 11%

Where in Minnesota

Counties with the most Top Flite Financial applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Hennepin County 1012 20.0%
Ramsey County 511 20.0%
St. Louis County 421 25.0%
Dakota County 421 25.0%
Anoka County 430 0.0%
Becker County 321 33.3%
Wright County 330 0.0%
Scott County 301 33.3%
Blue Earth County 210 0.0%
Goodhue County 210 0.0%

Other large lenders in Minnesota

LenderGradeApplicationsDenial rateMedian rate
United Shore Financial ServicesB 8,69410.6%6.38%
U.S. BankD 8,62430.4%7.88%
Bell BankA 7,9875.3%6.63%
Rocket MortgageC 7,63016.3%6.63%
Trustone Financial Credit UnionC 6,06620.0%7.25%
Affinity PlusC 5,43814.6%6.63%
Blaze Credit UnionB 4,07412.3%6.38%
Wings Financial Credit UnionA 3,96016.4%7.25%
Crosscountry MortgageB 3,9422.1%6.63%
Fairway Independent MortgageB 3,3273.2%6.75%

Frequently asked questions

Minnesota: 68 applications in 2025, of which 31 were originated and 9 denied.

13.2% of all applications, or 22.5% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.

The median rate on loans Top Flite Financial originated in Minnesota in 2025 was 6.88%, against a statewide median of 6.63%.

About this data. Figures are Top Flite 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