Towne Mortgage in Minnesota vs the state
7.1%Denial rate-6.46 pts vs state
7.8%Decision denial rate-8.57 pts vs state
75.5%Origination rate+9.14 pts vs state
6.63%Median rate0.00 pts vs state
0.55Rate spread (pts)+0.30 pts vs state
$85kMedian applicant income
74Loans originated
7Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 73 | 55 | 5.5% | 6.75% | #225 |
| 2024 | 118 | 91 | 4.2% | 6.63% | #169 |
| 2025 | 98 | 74 | 7.1% | 6.63% | #208 |
What Towne Mortgage lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Towne Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Nobles County | 23 | 20 | 1 | 4.3% |
| Steele County | 12 | 8 | 2 | 16.7% |
| Mower County | 9 | 9 | 0 | 0.0% |
| Hennepin County | 6 | 5 | 1 | 16.7% |
| Ramsey County | 4 | 2 | 0 | 0.0% |
| Cottonwood County | 4 | 4 | 0 | 0.0% |
| Stearns County | 4 | 4 | 0 | 0.0% |
| Anoka County | 3 | 3 | 0 | 0.0% |
| Freeborn County | 3 | 2 | 0 | 0.0% |
| Murray County | 3 | 2 | 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: 98 applications in 2025, of which 74 were originated and 7 denied.
7.1% of all applications, or 7.8% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Towne Mortgage originated in Minnesota in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are Towne 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