Largest lenders in Hennepin County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Bell Bank | A | 2,250 | 1,846 | 4.3% | 6.63% |
| 2 | Trustone Financial Credit Union | C | 2,215 | 1,489 | 20.2% | 7.25% |
| 3 | U.S. Bank | D | 2,158 | 1,142 | 29.3% | 7.85% |
| 4 | United Shore Financial Services | B | 1,837 | 1,412 | 10.7% | 6.49% |
| 5 | Rocket Mortgage | C | 1,395 | 1,056 | 14.2% | 6.63% |
| 6 | Wings Financial Credit Union | A | 1,338 | 858 | 17.2% | 7.25% |
| 7 | The Huntington National Bank | D | 1,096 | 652 | 25.8% | 7.14% |
| 8 | Crosscountry Mortgage | B | 979 | 809 | 1.8% | 6.63% |
| 9 | Blaze Credit Union | B | 831 | 519 | 11.7% | 6.13% |
| 10 | Affinity Plus | C | 801 | 496 | 15.0% | 6.50% |
| 11 | Fairway Independent Mortgage | B | 708 | 549 | 2.8% | 6.63% |
| 12 | Pennymac Loan Services | C | 668 | 445 | 8.8% | 6.38% |
| 13 | Royal Credit Union | B | 658 | 495 | 11.3% | 6.63% |
| 14 | Prosperity Home Mortgage | A | 614 | 499 | 3.8% | 6.63% |
| 15 | Broker Solutions | D | 605 | 340 | 4.8% | 6.63% |
| 16 | Wells Fargo Bank | B | 602 | 370 | 11.6% | 6.38% |
| 17 | Luminate Bank | B | 575 | 418 | 2.8% | 6.75% |
| 18 | Alerus Financial | B | 552 | 470 | 4.5% | 6.63% |
| 19 | Guaranteed Rate | B | 516 | 295 | 7.8% | 6.63% |
| 20 | Newrez | D | 513 | 222 | 15.6% | 6.75% |
| 21 | Old National Bank | B | 507 | 353 | 14.2% | 6.24% |
| 22 | Guild Mortgage | A | 426 | 305 | 2.1% | 6.69% |
| 23 | Bank of America | F | 416 | 217 | 24.8% | 5.99% |
| 24 | JPMorgan Chase Bank | B | 396 | 260 | 11.9% | 6.38% |
| 25 | Tradition Mortgage | A | 390 | 386 | 0.0% | 6.63% |
Best approval odds in Hennepin County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | A&D Mortgage | 70 | 0.0% |
| 2 | Tradition Mortgage | 386 | 0.0% |
| 3 | M/i Financial | 206 | 0.5% |
| 4 | American Neighborhood Mortgage Acceptance Company | 84 | 1.2% |
| 5 | Coastal Community Bank | 246 | 1.2% |
| 6 | Lennar Mortgage | 265 | 1.9% |
| 7 | Premier Lending | 50 | 2.0% |
| 8 | Crosscountry Mortgage | 833 | 2.2% |
| 9 | Everett Financial | 236 | 2.5% |
| 10 | Morgan Stanley Private Bank | 75 | 2.7% |
What Hennepin County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Hennepin County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 33,804 | 22,564 | 14.0% | 6.88% | $225,000 |
| 2024 | 35,650 | 23,662 | 13.8% | 6.99% | $235,000 |
| 2025 | 38,794 | 25,784 | 13.0% | 6.63% | $255,000 |
Frequently asked questions
13.0% of applications in Hennepin County were denied in 2025, against 13.6% statewide in Minnesota.
Bell Bank, with 2,250 applications in 2025 and a denial rate of 4.3%.
The median mortgage application in Hennepin County in 2025 was for $255,000; the median property value on originated loans was $425,000.