U.S. Bank in Minnesota vs the state
30.4%Denial rate+16.83 pts vs state
35.9%Decision denial rate+19.55 pts vs state
52.6%Origination rate-13.75 pts vs state
7.88%Median rate+1.25 pts vs state
1.08Rate spread (pts)+0.83 pts vs state
$114kMedian applicant income
4,538Loans originated
2,624Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 8,551 | 4,497 | 35.0% | 8.90% | #1 |
| 2024 | 7,815 | 4,028 | 34.5% | 8.80% | #1 |
| 2025 | 8,624 | 4,538 | 30.4% | 7.88% | #2 |
What U.S. Bank lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most U.S. Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 2,158 | 1,142 | 632 | 29.3% |
| Dakota County | 836 | 416 | 277 | 33.1% |
| Ramsey County | 754 | 401 | 239 | 31.7% |
| Anoka County | 714 | 363 | 247 | 34.6% |
| Washington County | 629 | 343 | 180 | 28.6% |
| St. Louis County | 396 | 227 | 105 | 26.5% |
| Scott County | 268 | 135 | 78 | 29.1% |
| Olmsted County | 260 | 144 | 69 | 26.5% |
| Carver County | 235 | 133 | 64 | 27.2% |
| Wright County | 203 | 113 | 59 | 29.1% |
Other large lenders in Minnesota
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 8,694 | 10.6% | 6.38% |
| 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% |
| Broker Solutions | D | 3,246 | 5.5% | 6.75% |
Frequently asked questions
Minnesota: 8,624 applications in 2025, of which 4,538 were originated and 2,624 denied.
30.4% of all applications, or 35.9% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans U.S. Bank originated in Minnesota in 2025 was 7.88%, against a statewide median of 6.63%.
About this data. Figures are U.S. 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