MN · Statewide HMDA 2024
Minnesota mortgage lending
According to the CFPB HMDA 2024 Snapshot, 779 reporting lenders · 87 counties · 9 metros.
Volume rank is not origination-share rank
According to the CFPB HMDA 2024 Snapshot, Minnesota ranks #24 of 54 by application volume but #5 of 52 states with 10,000+ applications on origination share (59.9%). Wisconsin leads that origination-share board at 64.0% on 214,597 applications. Volume rank is not origination-share rank.
- #5
- Origination-share rank of 52
- 59.9%
- Origination share
- 112,451
- Originated
- 12.7%
- Denial rate
According to the CFPB HMDA 2024 Snapshot. Origination share is originated divided by applications among states and territories with 10,000+ applications (the same floor as the national denial board). See /methodology#corpus-placement. Informational reporting, not mortgage advice.
Reported application outcomes
187,642reported applications
CFPB HMDA state filing plate
State MN · Minnesota 12.7% denial
VOL-MID · DEN-LIGHT · NEAR-PEER · ORIG-LOW · BOOK-FULL · LEAD-MIX
- VOL-MID #24/54
- DEN-LIGHT 12.7%
- NEAR-PEER South Dakota
- ORIG-LOW 59.9%
- BOOK-FULL 779 lenders
- LEAD-MIX 6% top
Photo-finish peer: South Dakota · 12.6% denial (-0.1pp vs Minnesota)
2024 HMDA Snapshot state sheet, volume rank, denial band, origination share, and reporter book. Informational reporting only.
Denial-rate neighbourhood · Minnesota
Poles and nearest peers by statewide HMDA denial rate, not a full state roster.
Nationwide states with similar HMDA denial rate or application volume
Two statewide peer sets for Minnesota: nearest jurisdictions by denial rate and by mortgage applications filed. These are cross-state neighborhoods, distinct from the denial-band chart above.
Similar denial rate
Nearest states by statewide denial rate (12.7% here).
Similar application volume
Nearest states by HMDA applications filed (187,642 here).
Top lenders by originations · Minnesota
Funded loans among HMDA-reporting institutions active in this state.
Where Minnesota sits by application volume
2024 CFPB HMDA states and territories, bucketed by mortgage applications filed
187,642 Top 44% higher than 56% of 54 states and territories
Each bar is a 150,000-applications band. The dashed line and filled bar mark this state. Hover, tap, or focus a bar for its count and population share.
Source CFPB Home Mortgage Disclosure Act Snapshot National Loan-Level Dataset · 2024 reporting year
Top counties by originations · Minnesota
In-state county volume from the same HMDA county board linked below.
How to read this state sheet. Minnesota filed 187,642 HMDA-reported applications in 2024 (#24 of 54 by volume) with a 12.7% denial rate - 4.4pp below the national 17.2% baseline. White applicants (125,291 apps) show 12.5% denial; Asian applicants (9,702 apps) show 15.5% denial - rates on groups below 100 applications are marked too small to read. This page is informational data reporting, not financial, legal, or mortgage advice.
Nearby Lenders in Minnesota
Top HMDA-reporting lenders active in Minnesota. Compare any two side-by-side for rates, denial rates, and loan mix.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | Bell Bank | 6,342 | 5.6% |
| 2 | United Wholesale Mortgage | 5,603 | 5.0% |
| 3 | Rocket Mortgage | 4,597 | 4.1% |
| 4 | Trustone Financial Credit Union | 4,221 | 3.8% |
| 5 | Us Bank, N.A. | 4,028 | 3.6% |
Reported outcomes by applicant race in Minnesota
CFPB derived race categories. HMDA carries no credit score, debt-to-income ratio or down payment, so a gap between these rows is an outcome difference and never, on its own, evidence of discrimination.
| Race | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| White | 125,291 | 67.0% | 12.5% |
| Asian | 9,702 | 59.3% | 15.5% |
| Black or African American | 9,252 | 50.6% | 19.9% |
| Joint | 3,962 | 66.1% | 12.2% |
| American Indian or Alaska Native | 1,423 | 54.2% | 20.6% |
| 2 or more minority races | 297 | 49.2% | 22.2% |
| Native Hawaiian or Other Pacific Islander | 265 | 47.5% | 28.3% |
Every county in Minnesota, by lending volume
County totals sum the filings geocoded to that county, so they reconcile to the state row above rather than to any single lender's book.
| County | Applications | Originated | Denial Rate | Avg Loan |
|---|---|---|---|---|
| Hennepin County | 39,850 | 23,628 | 12.4% | $317,122 |
| Dakota County | 16,306 | 9,603 | 13.8% | $265,055 |
| Ramsey County | 15,223 | 8,949 | 12.8% | $251,047 |
| Anoka County | 14,227 | 8,269 | 14.1% | $251,451 |
| Washington County | 10,999 | 6,606 | 12.2% | $300,006 |
| Wright County | 6,664 | 3,965 | 13.4% | $255,549 |
| St. Louis County | 6,056 | 3,658 | 13.1% | $197,602 |
| Scott County | 5,754 | 3,476 | 12.9% | $284,526 |
| Olmsted County | 5,125 | 3,301 | 9.9% | $267,068 |
| Stearns County | 4,589 | 2,927 | 10.6% | $208,596 |
| Carver County | 4,238 | 2,686 | 10.1% | $312,570 |
| Sherburne County | 4,072 | 2,452 | 12.8% | $242,807 |
| Chisago County | 2,626 | 1,509 | 14.6% | $260,712 |
| Crow Wing County | 2,563 | 1,632 | 11.3% | $248,804 |
| Clay County | 2,192 | 1,355 | 10.6% | $206,049 |
| Isanti County | 1,952 | 1,099 | 14.6% | $219,129 |
| Otter Tail County | 1,892 | 1,198 | 10.8% | $221,226 |
| Rice County | 1,821 | 1,165 | 10.0% | $223,572 |
| Blue Earth County | 1,643 | 1,001 | 13.9% | $270,794 |
| Itasca County | 1,535 | 956 | 11.7% | $183,554 |
| Goodhue County | 1,340 | 828 | 12.7% | $220,687 |
| Winona County | 1,332 | 964 | 8.8% | $161,306 |
| Benton County | 1,329 | 814 | 14.4% | $189,635 |
| Carlton County | 1,307 | 783 | 13.4% | $195,635 |
| Pine County | 1,226 | 667 | 15.5% | $189,413 |
| Mower County | 1,222 | 692 | 13.1% | $154,124 |
| Mille Lacs County | 1,201 | 689 | 16.6% | $193,626 |
| Becker County | 1,125 | 736 | 11.4% | $239,658 |
| Cass County | 1,120 | 673 | 13.7% | $253,786 |
| McLeod County | 1,108 | 648 | 11.8% | $190,803 |
| Douglas County | 1,066 | 728 | 10.6% | $246,266 |
| Steele County | 1,052 | 606 | 13.4% | $191,825 |
| Kandiyohi County | 1,027 | 632 | 9.6% | $208,457 |
| Le Sueur County | 1,014 | 641 | 12.4% | $206,765 |
| Morrison County | 974 | 543 | 15.4% | $208,306 |
| Nicollet County | 850 | 575 | 10.7% | $260,212 |
| Beltrami County | 850 | 517 | 15.1% | $198,859 |
| Freeborn County | 833 | 465 | 13.1% | $130,282 |
| Dodge County | 798 | 512 | 12.8% | $190,038 |
| Polk County | 795 | 517 | 11.8% | $175,390 |
| Kanabec County | 718 | 385 | 18.9% | $174,861 |
| Aitkin County | 715 | 449 | 13.2% | $213,196 |
| Meeker County | 670 | 402 | 8.8% | $191,627 |
| Todd County | 668 | 415 | 10.5% | $177,949 |
| Wabasha County | 658 | 411 | 13.1% | $189,134 |
| Brown County | 607 | 400 | 9.1% | $166,301 |
| Fillmore County | 607 | 390 | 13.3% | $158,163 |
| Hubbard County | 558 | 336 | 11.3% | $242,401 |
| Lyon County | 548 | 322 | 14.1% | $170,109 |
| Houston County | 525 | 354 | 8.9% | $177,152 |
| Waseca County | 510 | 307 | 11.0% | $170,118 |
| Lake County | 505 | 336 | 10.1% | $198,960 |
| Martin County | 495 | 286 | 13.5% | $152,434 |
| Sibley County | 454 | 272 | 10.3% | $181,498 |
| Renville County | 401 | 228 | 13.5% | $143,728 |
| Nobles County | 395 | 253 | 13.2% | $168,013 |
| Wadena County | 341 | 191 | 9.4% | $163,328 |
| Redwood County | 335 | 219 | 10.8% | $137,090 |
| Faribault County | 319 | 191 | 12.5% | $129,013 |
| Pope County | 307 | 178 | 13.4% | $187,117 |
| Pipestone County | 301 | 173 | 12.3% | $159,252 |
| Roseau County | 294 | 188 | 11.2% | $157,891 |
| Pennington County | 290 | 187 | 11.4% | $167,138 |
| Rock County | 288 | 171 | 14.2% | $161,875 |
| Koochiching County | 284 | 166 | 17.3% | $140,704 |
| Watonwan County | 273 | 169 | 12.1% | $141,886 |
| Chippewa County | 272 | 157 | 14.7% | $125,809 |
| Jackson County | 272 | 146 | 14.7% | $185,735 |
| Swift County | 239 | 137 | 9.6% | $132,657 |
| Cottonwood County | 235 | 122 | 15.3% | $143,085 |
| Cook County | 232 | 141 | 7.8% | $276,293 |
| Wilkin County | 207 | 120 | 11.1% | $150,749 |
| Stevens County | 201 | 136 | 12.9% | $147,090 |
| Clearwater County | 180 | 108 | 16.1% | $139,444 |
| Murray County | 180 | 100 | 16.1% | $169,500 |
| Norman County | 170 | 98 | 12.9% | $153,529 |
| Yellow Medicine County | 169 | 91 | 14.8% | $147,899 |
| Marshall County | 169 | 89 | 20.1% | $156,834 |
| Grant County | 159 | 102 | 13.8% | $133,365 |
| Big Stone County | 151 | 101 | 8.0% | $129,636 |
| Lac qui Parle County | 133 | 79 | 18.8% | $161,466 |
| Lincoln County | 131 | 76 | 16.8% | $148,664 |
| Lake of the Woods County | 128 | 80 | 11.7% | $169,766 |
| Mahnomen County | 105 | 55 | 20.0% | $122,810 |
| Kittson County | 89 | 63 | 9.0% | $133,764 |
| Traverse County | 73 | 45 | 12.3% | $138,699 |
| Red Lake County | 58 | 31 | 19.0% | $118,966 |
Metro Areas in Minnesota
Frequently Asked Questions
How many mortgage applications were filed in Minnesota?
Where does Minnesota sit among U.S. states for mortgage volume?
What is the mortgage denial rate in Minnesota?
What is the average mortgage loan amount in Minnesota?
How many mortgage lenders operate in Minnesota?
How do mortgage denial rates vary by demographics in Minnesota?
Which counties in Minnesota have the most mortgage activity?
Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. State geography per U.S. Census Bureau standards.
Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Demographic data reflects derived categories as reported by applicants. Provided for informational purposes only.
Read our methodology - how this data is sourced, computed, and verified.
Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-08-10. HMDA figures are lender-filed application outcomes for a published reporting year - not creditworthiness scores, rate quotes, Loan Estimates, underwriting decisions, or mortgage advice.