Wells Fargo Bank in Minnesota vs the state
13.0%Denial rate-0.57 pts vs state
17.5%Decision denial rate+1.12 pts vs state
61.1%Origination rate-5.28 pts vs state
6.38%Median rate-0.25 pts vs state
0.07Rate spread (pts)-0.18 pts vs state
$99kMedian applicant income
1,496Loans originated
319Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,821 | 1,683 | 17.6% | 6.50% | #12 |
| 2024 | 2,341 | 1,270 | 18.0% | 6.50% | #15 |
| 2025 | 2,449 | 1,496 | 13.0% | 6.38% | #15 |
What Wells Fargo Bank lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Wells Fargo Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 602 | 370 | 70 | 11.6% |
| Ramsey County | 227 | 135 | 33 | 14.5% |
| Dakota County | 227 | 142 | 38 | 16.7% |
| Anoka County | 198 | 129 | 31 | 15.7% |
| Washington County | 155 | 91 | 17 | 11.0% |
| Wright County | 88 | 61 | 7 | 8.0% |
| Scott County | 86 | 53 | 9 | 10.5% |
| St. Louis County | 76 | 42 | 12 | 15.8% |
| Sherburne County | 60 | 32 | 13 | 21.7% |
| Carver County | 52 | 30 | 4 | 7.7% |
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: 2,449 applications in 2025, of which 1,496 were originated and 319 denied.
13.0% of all applications, or 17.5% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Wells Fargo Bank originated in Minnesota in 2025 was 6.38%, against a statewide median of 6.63%.
About this data. Figures are Wells Fargo 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