Zillow Home Loans in Minnesota vs the state
6.6%Denial rate-6.99 pts vs state
7.8%Decision denial rate-8.56 pts vs state
77.7%Origination rate+11.32 pts vs state
6.63%Median rate0.00 pts vs state
0.42Rate spread (pts)+0.16 pts vs state
$86kMedian applicant income
282Loans originated
24Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 105 | 83 | 4.8% | 6.63% | #180 |
| 2024 | 176 | 131 | 4.0% | 6.63% | #137 |
| 2025 | 363 | 282 | 6.6% | 6.63% | #98 |
What Zillow Home Loans lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Zillow Home Loans applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 110 | 88 | 8 | 7.3% |
| Ramsey County | 47 | 34 | 4 | 8.5% |
| Dakota County | 29 | 22 | 3 | 10.3% |
| Washington County | 20 | 14 | 0 | 0.0% |
| Stearns County | 18 | 16 | 0 | 0.0% |
| Anoka County | 17 | 15 | 2 | 11.8% |
| Wright County | 13 | 11 | 1 | 7.7% |
| Sherburne County | 11 | 9 | 0 | 0.0% |
| Olmsted County | 8 | 3 | 0 | 0.0% |
| Carver County | 8 | 4 | 2 | 25.0% |
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: 363 applications in 2025, of which 282 were originated and 24 denied.
6.6% 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 Zillow Home Loans originated in Minnesota in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are Zillow Home Loans'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