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Washington County, Minnesota · 2025

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

383 lenders acted on 11,033 mortgage applications for properties in Washington County in 2025. 13.0% were denied (Minnesota: 13.6%). Median rate on closed loans 6.63%; median loan $265,000; median property value $465,000.

11kApplications
13.0%Denial ratestate 13.6%
6.63%Median ratestate 6.63%
$265,000Median loan
$465,000Median property value

Largest lenders in Washington County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 U.S. Bank D 629343 28.6%8.40%
2 Bell Bank A 595487 4.4%6.63%
3 United Shore Financial Services B 501401 8.2%6.38%
4 Rocket Mortgage C 380299 14.5%6.63%
5 Blaze Credit Union B 369255 13.0%6.38%
6 Trustone Financial Credit Union C 310208 20.3%7.25%
7 Affinity Plus C 298208 14.4%6.50%
8 IDEAL Credit Union A 290190 16.6%4.49%
9 Royal Credit Union B 288230 6.9%6.63%
10 Crosscountry Mortgage B 259208 2.3%6.58%
11 Lennar Mortgage A 234171 5.1%6.00%
12 Wings Financial Credit Union A 202145 10.4%7.25%
13 The Huntington National Bank D 193106 26.4%7.49%
14 Fairway Independent Mortgage B 192144 2.6%6.63%
15 Dhi Mortgage Company B 175137 5.7%5.50%
16 Pulte Mortgage A 165112 12.7%6.25%
17 Pennymac Loan Services C 16197 11.8%6.13%
18 Guaranteed Rate B 157105 5.1%6.50%
19 Broker Solutions D 15789 7.0%6.63%
20 Wells Fargo Bank B 15591 11.0%6.25%
21 Old National Bank B 14298 13.4%6.24%
22 Newrez D 13760 15.3%6.75%
23 Prosperity Home Mortgage A 12596 4.8%6.63%
24 Tradition Mortgage A 118118 0.0%6.49%
25 CMG Mortgage A 11386 0.0%6.75%

Best approval odds in Washington County

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

#LenderDecidedDecision denial rate
1M/i Financial850.0%
2CMG Mortgage900.0%
3Tradition Mortgage1180.0%
4Granite Bank631.6%
5Crosscountry Mortgage2152.8%
6Fairway Independent Mortgage1523.3%
7Lake Elmo Bank764.0%
8Bell Bank5165.0%
9Swbc Mortgage755.3%
10Loandepot.Com915.5%

What Washington County borrowers applied for

By loan purpose

Home purchase 5,449 49% · 6.4% denied
Refinance 1,478 13% · 10.2% denied
Cash-out refinance 1,271 12% · 22.0% denied
Home improvement 1,314 12% · 19.6% denied
Other / HELOC 1,521 14% · 26.1% denied

By loan type

Conventional 9,590 87% · 12.9% denied
FHA 811 7% · 14.9% denied
VA 616 6% · 11.7% denied
USDA / RHS 16 0% · 0.0% denied

Why applications were denied

Debt-to-income ratio 579 41%
Credit history 332 23%
Collateral 175 12%
Incomplete application 154 11%
Other 84 6%
Unverifiable information 50 4%
Insufficient cash 33 2%
Employment history 6 0%

Washington County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20239,1676,10114.1%6.81%$225,000
20249,8336,60813.7%6.88%$245,000
202511,0337,38913.0%6.63%$265,000

Frequently asked questions

13.0% of applications in Washington County were denied in 2025, against 13.6% statewide in Minnesota.

U.S. Bank, with 629 applications in 2025 and a denial rate of 28.6%.

The median mortgage application in Washington County in 2025 was for $265,000; the median property value on originated loans was $465,000.