Mortgage Approval and Denial Rates in Minnesota (2025 HMDA)
Mortgage denial rates in Minnesota: lenders acted on 184,116 mortgage applications in Minnesota in 2025 and denied 13.5% of them, down from 14.1% in 2024. The national denial rate was 17.7%.
Applications acted on
184,116
Loans originated
122,478
Denial rate
13.5%
Median loan
$215,000
Minnesota against the national picture
Most-reported denial reason in Minnesota: Debt-to-income ratio.
Counties ranked by denial rate
| County | Applications | Denial rate | Median loan |
|---|---|---|---|
| Lac qui Parle County | 125 | 22.4% | $125,000 |
| Pipestone County | 280 | 19.6% | $115,000 |
| Wilkin County | 203 | 19.2% | $125,000 |
| Faribault County | 308 | 18.8% | $115,000 |
| Mahnomen County | 117 | 18.8% | $145,000 |
| Jackson County | 227 | 18.5% | $125,000 |
| Redwood County | 397 | 17.9% | $115,000 |
| Wadena County | 296 | 17.9% | $165,000 |
| Yellow Medicine County | 185 | 17.8% | $105,000 |
| Pine County | 1,256 | 17.1% | $165,000 |
| Watonwan County | 200 | 17.0% | $135,000 |
| Isanti County | 1,897 | 16.9% | $215,000 |
| Swift County | 216 | 16.7% | $120,000 |
| Martin County | 473 | 16.5% | $135,000 |
| Hubbard County | 614 | 16.3% | $195,000 |
| Chippewa County | 246 | 16.3% | $145,000 |
| Benton County | 1,314 | 16.2% | $195,000 |
| Freeborn County | 858 | 16.2% | $125,000 |
| Mower County | 1,187 | 16.0% | $145,000 |
| Stevens County | 195 | 15.9% | $125,000 |
| Nobles County | 386 | 15.8% | $165,000 |
| Mille Lacs County | 1,262 | 15.4% | $195,000 |
| Anoka County | 13,524 | 15.3% | $235,000 |
| Itasca County | 1,537 | 15.2% | $165,000 |
| Grant County | 165 | 15.2% | $155,000 |
| Wabasha County | 716 | 14.8% | $175,000 |
| Lincoln County | 155 | 14.8% | $125,000 |
| Chisago County | 2,461 | 14.6% | $235,000 |
| Fillmore County | 633 | 14.5% | $145,000 |
| Norman County | 172 | 14.5% | $125,000 |
| Dakota County | 15,715 | 14.4% | $235,000 |
| Kanabec County | 715 | 14.3% | $165,000 |
| Steele County | 1,026 | 14.1% | $195,000 |
| Todd County | 721 | 14.1% | $155,000 |
| Morrison County | 1,022 | 13.9% | $185,000 |
| Aitkin County | 749 | 13.9% | $175,000 |
| Waseca County | 468 | 13.9% | $165,000 |
| Sibley County | 463 | 13.8% | $185,000 |
| Ramsey County | 14,263 | 13.7% | $215,000 |
| Beltrami County | 888 | 13.7% | $155,000 |
| Renville County | 358 | 13.7% | $125,000 |
| Scott County | 5,758 | 13.6% | $265,000 |
| Carlton County | 1,366 | 13.6% | $175,000 |
| Cottonwood County | 228 | 13.6% | $115,000 |
| Sherburne County | 4,169 | 13.5% | $245,000 |
| Lyon County | 546 | 13.2% | $135,000 |
| Crow Wing County | 2,651 | 13.1% | $215,000 |
| Hennepin County | 38,792 | 13.0% | $255,000 |
| Washington County | 11,029 | 13.0% | $265,000 |
| Pope County | 285 | 13.0% | $165,000 |
| Wright County | 6,700 | 12.9% | $265,000 |
| Cass County | 1,175 | 12.9% | $215,000 |
| St. Louis County | 6,219 | 12.8% | $155,000 |
| Meeker County | 689 | 12.8% | $195,000 |
| Murray County | 204 | 12.7% | $145,000 |
| Becker County | 1,114 | 12.6% | $215,000 |
| Le Sueur County | 963 | 12.6% | $205,000 |
| Clay County | 2,242 | 12.5% | $185,000 |
| Goodhue County | 1,445 | 12.5% | $205,000 |
| Polk County | 797 | 12.5% | $155,000 |
| Blue Earth County | 1,608 | 12.4% | $185,000 |
| Big Stone County | 137 | 12.4% | $105,000 |
| Nicollet County | 928 | 12.3% | $205,000 |
| Otter Tail County | 1,791 | 12.2% | $195,000 |
| Olmsted County | 5,170 | 12.0% | $225,000 |
| Rice County | 1,825 | 12.0% | $205,000 |
| McLeod County | 1,152 | 12.0% | $195,000 |
| Douglas County | 1,188 | 11.9% | $215,000 |
| Pennington County | 237 | 11.8% | $155,000 |
| Marshall County | 186 | 11.8% | $125,000 |
| Kandiyohi County | 1,039 | 11.7% | $185,000 |
| Dodge County | 715 | 11.7% | $185,000 |
| Stearns County | 4,530 | 11.6% | $195,000 |
| Carver County | 4,460 | 11.5% | $285,000 |
| Cook County | 269 | 11.5% | $245,000 |
| Lake County | 560 | 11.1% | $175,000 |
| Rock County | 297 | 11.1% | $155,000 |
| Koochiching County | 254 | 11.0% | $125,000 |
| Roseau County | 303 | 10.9% | $155,000 |
| Winona County | 1,392 | 10.8% | $135,000 |
| Brown County | 615 | 10.7% | $145,000 |
| Clearwater County | 214 | 10.3% | $125,000 |
| Houston County | 550 | 8.0% | $165,000 |
| Lake of the Woods County | 122 | 4.9% | $155,000 |
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Reading these numbers
The denial rate counts applications the lender acted on, so withdrawn files do not inflate it. A high rate does not automatically mean strict lenders: counties with many first-time or lower-income applicants tend to show higher denial rates because of debt-to-income and credit-history thresholds, which are the two reasons lenders report most often. Median loan amount and median applicant income are computed from the same application records, so they describe who is applying — not who ends up buying.
Source: Consumer Financial Protection Bureau, HMDA Data Browser (2025 loan application register). Latest observation 2026-08-23.