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Ramsey County, Minnesota · 2025

Mortgage lenders in Ramsey County, MN: denial rates and top lenders (2025)

424 lenders acted on 14,264 mortgage applications for properties in Ramsey County in 2025. 13.8% were denied (Minnesota: 13.6%). Median rate on closed loans 6.63%; median loan $215,000; median property value $345,000.

14kApplications
13.8%Denial ratestate 13.6%
6.63%Median ratestate 6.63%
$215,000Median loan
$345,000Median property value

Largest lenders in Ramsey County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Bell Bank A 777642 3.7%6.63%
2 U.S. Bank D 754401 31.7%8.00%
3 United Shore Financial Services B 660495 11.4%6.38%
4 Blaze Credit Union B 634416 13.1%6.38%
5 Trustone Financial Credit Union C 578392 20.6%7.21%
6 Affinity Plus C 546374 11.9%6.50%
7 Rocket Mortgage C 519383 16.2%6.63%
8 Crosscountry Mortgage B 393303 2.5%6.63%
9 Royal Credit Union B 389298 13.1%6.63%
10 The Huntington National Bank D 330174 29.1%6.99%
11 Fairway Independent Mortgage B 273217 2.6%6.69%
12 Wings Financial Credit Union A 257150 23.4%7.25%
13 Broker Solutions D 245145 4.5%6.75%
14 IDEAL Credit Union A 237152 21.5%5.13%
15 Prosperity Home Mortgage A 234194 3.4%6.63%
16 Wells Fargo Bank B 227135 14.5%6.38%
17 Pennymac Loan Services C 201128 9.0%6.25%
18 Guaranteed Rate B 200123 6.5%6.58%
19 Alerus Financial B 196174 2.0%6.75%
20 Old National Bank B 188136 14.4%6.25%
21 Newrez D 17475 12.1%6.63%
22 Luminate Bank B 173127 1.7%6.63%
23 CMG Mortgage A 160103 4.4%6.75%
24 Granite Bank B 142118 1.4%6.50%
25 Movement Mortgage A 136109 3.7%6.88%

Best approval odds in Ramsey County

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

#LenderDecidedDecision denial rate
1Summit Mortgage520.0%
2Guild Mortgage1000.0%
3Everett Financial961.0%
4Granite Bank1201.7%
5Tradition Mortgage531.9%
6Alerus Financial1822.2%
7Luminate Bank1302.3%
8Coastal Community Bank862.3%
9Fairway Independent Mortgage2243.1%
10Crosscountry Mortgage3163.2%

What Ramsey County borrowers applied for

By loan purpose

Home purchase 7,198 50% · 6.3% denied
Refinance 1,910 13% · 11.3% denied
Cash-out refinance 1,696 12% · 20.7% denied
Home improvement 1,776 12% · 23.4% denied
Other / HELOC 1,684 12% · 31.2% denied

By loan type

Conventional 12,413 87% · 13.7% denied
FHA 1,262 9% · 15.1% denied
VA 563 4% · 13.5% denied
USDA / RHS 26 0% · 3.9% denied

Why applications were denied

Debt-to-income ratio 725 37%
Credit history 431 22%
Collateral 313 16%
Incomplete application 213 11%
Other 124 6%
Unverifiable information 77 4%
Insufficient cash 35 2%
Employment history 17 1%

Ramsey County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202312,8428,40914.8%6.88%$195,000
202413,5618,95414.3%6.99%$195,000
202514,2649,34313.8%6.63%$215,000

Frequently asked questions

13.8% of applications in Ramsey County were denied in 2025, against 13.6% statewide in Minnesota.

Bell Bank, with 777 applications in 2025 and a denial rate of 3.7%.

The median mortgage application in Ramsey County in 2025 was for $215,000; the median property value on originated loans was $345,000.