USAA Federal Savings Bank in Minnesota vs the state
24.0%Denial rate+10.36 pts vs state
33.3%Decision denial rate+16.98 pts vs state
47.4%Origination rate-18.94 pts vs state
6.38%Median rate-0.25 pts vs state
-0.18Rate spread (pts)-0.43 pts vs state
$114kMedian applicant income
194Loans originated
98Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 330 | 198 | 13.3% | 6.50% | #90 |
| 2024 | 389 | 208 | 21.3% | 6.44% | #88 |
| 2025 | 409 | 194 | 24.0% | 6.38% | #92 |
What USAA Federal Savings Bank lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most USAA Federal Savings Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 66 | 30 | 15 | 22.7% |
| Dakota County | 41 | 16 | 15 | 36.6% |
| Ramsey County | 31 | 16 | 8 | 25.8% |
| St. Louis County | 24 | 12 | 4 | 16.7% |
| Anoka County | 22 | 8 | 4 | 18.2% |
| Washington County | 21 | 11 | 4 | 19.0% |
| Stearns County | 16 | 8 | 4 | 25.0% |
| Olmsted County | 16 | 8 | 3 | 18.8% |
| Sherburne County | 10 | 7 | 2 | 20.0% |
| Wright County | 9 | 3 | 3 | 33.3% |
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: 409 applications in 2025, of which 194 were originated and 98 denied.
24.0% of all applications, or 33.3% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans USAA Federal Savings Bank originated in Minnesota in 2025 was 6.38%, against a statewide median of 6.63%.
About this data. Figures are USAA Federal Savings 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