Waterstone Mortgage in Minnesota vs the state
5.5%Denial rate-8.12 pts vs state
6.8%Decision denial rate-9.53 pts vs state
73.5%Origination rate+7.15 pts vs state
6.88%Median rate+0.25 pts vs state
0.52Rate spread (pts)+0.26 pts vs state
$109kMedian applicant income
161Loans originated
12Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 115 | 89 | 2.6% | 6.88% | #170 |
| 2024 | 171 | 133 | 2.3% | 6.93% | #142 |
| 2025 | 219 | 161 | 5.5% | 6.88% | #134 |
What Waterstone Mortgage lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Waterstone Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Washington County | 41 | 30 | 1 | 2.4% |
| Hennepin County | 35 | 29 | 1 | 2.9% |
| Dakota County | 33 | 26 | 2 | 6.1% |
| Ramsey County | 27 | 15 | 5 | 18.5% |
| Anoka County | 19 | 13 | 0 | 0.0% |
| Wright County | 17 | 16 | 0 | 0.0% |
| Sherburne County | 12 | 10 | 0 | 0.0% |
| Chisago County | 7 | 5 | 0 | 0.0% |
| Scott County | 6 | 5 | 1 | 16.7% |
| Stearns County | 5 | 1 | 2 | 40.0% |
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: 219 applications in 2025, of which 161 were originated and 12 denied.
5.5% of all applications, or 6.8% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Waterstone Mortgage originated in Minnesota in 2025 was 6.88%, against a statewide median of 6.63%.
About this data. Figures are Waterstone 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