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Mortgage lending in Minnesota

Lenders in Minnesota reported 185,012 mortgage applications for 2025, according to the CFPB.

185,012 mortgage applications and 122,789 loans originated in 2025. 25,153 of the 153,875 applications decided were denied, 16.3%. From 2025, the CFPB’s Snapshot release.

185,012
Applications
122,789
Loans originated
21.1 per 1,000 residents, over the Census Bureau's 2025 estimate.
16.3%
Denial rate
25,153 denied of 153,875 applications decided.

The largest lenders in Minnesota

2 more columns on a wider screen

Lenders in Minnesota by loans originated, 2025
RankLenderOriginated
1United Wholesale Mortgage6,703
2Bell Bank6,525
3Rocket Mortgage5,672
4US Bank, N.A.4,538
5Trustone Financial Credit Union4,135
6Affinity Plus Federal Credit Union3,656
7Crosscountry Mortgage, LLC3,129
8Blaze Credit Union2,694
9Fairway Independent Mort Corp2,657
10Wings Financial Credit Union2,594
11Old National Bank1,877
12New American Funding, LLC.1,842
13Royal Credit Union1,772
14Prosperity Home Mortgage, LLC1,746
15Huntington National Bank1,707
16Pennymac Loan Services LLC1,705
17Guaranteed Rate, Inc.1,552
18Alerus Financial NA1,505
19Wells Fargo Bank NA1,496
20loanDepot.com LLC1,400
21Granite Bank1,395
22Lennar Mortgage, LLC1,365
23Luminate Bank1,356
24Merchants Bank, National Association1,238
25Mortgage Research Center1,143

Counties in Minnesota

1 more column on a wider screen

Counties in Minnesota by loans originated, with the median loan, 2025
CountyOriginatedMedian loan
Hennepin County25,784$275,000
Dakota County10,300$255,000
Ramsey County9,343$235,000
Anoka County8,713$255,000
Washington County7,389$285,000
Wright County4,546$285,000
St. Louis County4,134$165,000
Scott County3,864$285,000
Olmsted County3,563$245,000
Stearns County3,149$205,000
Carver County3,090$305,000
Sherburne County2,780$265,000
Crow Wing County1,786$225,000
Chisago County1,567$255,000
Clay County1,552$195,000
Rice County1,295$215,000
Otter Tail County1,242$195,000
Isanti County1,190$245,000
Blue Earth County1,087$205,000
Winona County1,051$145,000
Goodhue County999$215,000
Itasca County998$165,000
Carlton County912$185,000
Benton County864$215,000
Mille Lacs County811$205,000
Douglas County798$225,000
McLeod County789$205,000
Cass County784$235,000
Becker County766$225,000
Mower County752$155,000
Pine County750$185,000
Kandiyohi County711$205,000
Steele County677$215,000
Le Sueur County660$205,000
Morrison County643$195,000
Nicollet County641$225,000
Beltrami County593$155,000
Polk County583$165,000
Freeborn County529$135,000
Dodge County508$195,000
Aitkin County478$185,000
Wabasha County475$195,000
Meeker County462$205,000
Todd County461$155,000
Fillmore County438$155,000
Brown County435$145,000
Kanabec County428$185,000
Houston County423$175,000
Hubbard County386$215,000
Lyon County384$150,000
Lake County354$190,000
Waseca County323$175,000
Sibley County311$195,000
Martin County298$135,000
Nobles County257$175,000
Redwood County244$125,000
Renville County233$135,000
Roseau County211$165,000
Rock County193$155,000
Pope County190$175,000
Wadena County188$175,000
Faribault County174$125,000
Koochiching County173$125,000
Pennington County165$155,000
Pipestone County165$115,000
Cook County160$265,000
Clearwater County157$135,000
Cottonwood County151$125,000
Chippewa County150$155,000
Murray County141$145,000
Marshall County135$135,000
Jackson County134$130,000
Swift County133$125,000
Watonwan County130$145,000
Stevens County125$125,000
Yellow Medicine County125$125,000
Wilkin County123$135,000
Grant County109$155,000
Lincoln County109$135,000
Norman County106$120,000
Big Stone County89$135,000
Lake of the Woods County86$160,000
Mahnomen County73$155,000
Lac qui Parle County71$115,000
Red Lake County58$105,000
Kittson County50$100,000
Traverse County47under 50 loans

Minnesota elsewhere on the Factbook

  • Reported crime Crime and justice

    Offenses reported to police by type, the trend, and the reporting coverage.

  • Most dangerous cities in Minnesota Crime and justice

    What each agency serving 25,000 or more reported, ranked. Agency populations overlap, so these do not add up to the state.

  • Prison population Crime and justice

    People held under the state’s correctional authority, and the imprisonment rate. A different publisher counting a different thing.

  • Arrests by race, sex and age Crime and justice

    Arrests as the FBI’s participating agencies reported them, with what the figures can and cannot support at the top.

  • Hate crime Crime and justice

    Incidents reported to the FBI by bias motivation, as counts — the collection publishes no participation share, so there is no rate to compare states on.

  • Federal obligations Federal spending

    What federal agencies obligated against a place of performance in the state, per resident and by agency.

  • Registered nonprofits Nonprofits

    How many organizations the IRS lists in the state, what they report as revenue, and which kinds of work they do.

  • Payments to doctors Health

    What drug and device companies reported paying doctors with a practice address in the state, and the largest recipients.

  • Immigration courts Immigration and the border

    The EOIR courts sitting in the state, what they completed and still have pending, and how far apart their asylum grant rates are. The courts, not the state’s residents: a detention court hears cases from far outside it.

  • Farm program payments Farm subsidies

    What the Farm Service Agency paid through the state’s county offices, by program and by recipient. The offices that administered the payments, not a count of farms: a recipient addressed elsewhere is counted where they were paid.

  • Paycheck Protection Program loans PPP loans

    The PPP loans SBA guaranteed to businesses operating in the state, by county, with how many carry a forgiveness amount and how many were charged off. Loans, not businesses: a business with two draws is two loans.

  • Public schools Schools

    Pupils, schools and teachers, the largest districts, what districts spend per pupil and where the money comes from, and the colleges that take federal student aid.

  • Banks and credit unions Banks and credit unions

    The FDIC-insured banks headquartered in the state and their offices, and the credit unions based there and their sites, each per resident and against every other state.

  • Low-income housing Low-income housing

    The homes under HUD’s rental assistance programs in the state, by program and county, and its tax-credit housing, each per resident and against every other state.

  • College athletics Sports

    Every college in the state that reported to the Equity in Athletics survey, ranked by its athletics revenue, with its expenses, athletes and athletic aid.

  • Federal civilian workforce Federal salaries

    Federal civilian employees stationed in the state by agency and occupation, with the pay OPM publishes and the share it withholds.

  • State employees by name State payrolls

    The state government's own payroll: every employee by name, department and title, with what the state paid them each year.

  • The Minnesota Factbook entry Across the Factbook

    Every measure the Factbook publishes for this state in one place, each with where it ranks among the others and the record it came from.

The immigration link above is EOIR’s courts, which sit in this state. CBP’s encounters are not by state and will not be: its sectors and field offices are areas of responsibility rather than a geography, and assigning them to states would be a claim the data does not make. Immigration and the border.

More about Minnesota →

Sources

Compiled automatically from HMDA public loan/application register (LAR) — each year's fullest national release, Census Bureau population estimates — nation and states, with components of change, HMDA transmittal sheet — every reporting lender, by year, with its name, HMDA reporter panel — every reporting lender, by year, with its RSSD, parent and top holder and Census Bureau county population estimates by a checked SQL query · Editor: Kian O'Connor · How this site is built

Data retrieved