Lenders › Rocket Mortgage › Minnesota
Rocket Mortgage in Minnesota
HMDA record for properties in Minnesota, calendar year 2024. National record · Minnesota overview
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
In Minnesota, Rocket Mortgage reported 5,956 applications and 4,597 originations for 2024, $1.1bn in all.
Its denial rate in the state was 15.3%, close to the Minnesota rate of 16.9% across all lenders and compared with the lender's national rate of 18.2%.
The median rate spread on its Minnesota originations was 0.5 percentage points (state median 0.4).
Applications in the state were up 30% on 2023.
Compared with the state and the lender's national record
| Measure | In Minnesota | Minnesota, all lenders | Rocket Mortgage, all states | United States |
|---|---|---|---|---|
| Denial rate | 15.3% | 16.9% | 18.2% | 24.3% |
| Median rate spread, pp | 0.5 | 0.4 | 0.5 | 0.3 |
| Originations with spread of 1.5 pp or more | 18.4% | 13.2% | 17.8% | 15.6% |
| Average originated loan | $238k | $269k | $270k | $329k |
| Home purchase share | 41.1% | 60.9% | 38.0% | 57.0% |
| FHA-insured share | 17.2% | 7.9% | 18.5% | 13.4% |
| VA-guaranteed share | 6.4% | 4.6% | 7.8% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateMinnesota, all lenders
Loan purpose and loan type in Minnesota
By purpose
Home purchase 41% (1,888)Home improvement 1% (28)Refinancing 9% (421)Cash-out refinancing 46% (2,135)Other purpose 3% (125)
By type
Conventional 76% (3,510)FHA 17% (791)VA 6% (296)
Denial reasons as coded
Share of 849 denials in Minnesota by first denial reason coded (outlined bar: all lenders in the state).
Counties in Minnesota
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Hennepin County | 1,086 | 852 | $251m | 14.2% |
| Anoka County | 487 | 381 | $91m | 14.3% |
| Ramsey County | 471 | 358 | $86m | 14.6% |
| Dakota County | 448 | 356 | $90m | 14.8% |
| Washington County | 307 | 235 | $65m | 14.3% |
| Wright County | 217 | 173 | $43m | 13.4% |
| St. Louis County | 231 | 169 | $31m | 21.0% |
| Scott County | 180 | 149 | $40m | 13.1% |
| Sherburne County | 149 | 134 | $33m | 8.2% |
| Stearns County | 128 | 109 | $22m | 10.6% |
| Olmsted County | 119 | 94 | $23m | 16.5% |
| Crow Wing County | 107 | 82 | $18m | 17.2% |
| Carver County | 99 | 78 | $21m | 12.4% |
| Chisago County | 91 | 74 | $18m | 10.8% |
| Itasca County | 71 | 59 | $11m | 6.3% |
| Otter Tail County | 74 | 53 | $12m | 17.2% |
| Blue Earth County | 67 | 53 | $14m | 10.0% |
| Rice County | 55 | 48 | $9.9m | 7.5% |
| Goodhue County | 56 | 44 | $10m | 11.8% |
| Carlton County | 57 | 39 | $6.9m | 23.1% |
| Clay County | 53 | 39 | $8.6m | 16.0% |
| Douglas County | 45 | 37 | $7.5m | 9.5% |
| Benton County | 46 | 36 | $6.8m | 14.3% |
| Steele County | 46 | 35 | $6.4m | 12.5% |
| Isanti County | 47 | 33 | $7.0m | 19.0% |
| Kandiyohi County | 45 | 33 | $6.5m | 12.8% |
| Mower County | 44 | 30 | $6.0m | 24.4% |
| Freeborn County | 38 | 30 | $4.3m | 14.3% |
| Meeker County | 35 | 30 | $5.5m | 14.3% |
| Cass County | 43 | 29 | $7.5m | 21.1% |
| Mille Lacs County | 40 | 29 | $6.0m | 18.9% |
| Pine County | 40 | 27 | $5.7m | 28.9% |
| Le Sueur County | 33 | 27 | $5.8m | 9.7% |
| Nobles County | 30 | 27 | $4.6m | 3.6% |
| Becker County | 41 | 25 | $4.5m | 24.2% |
| McLeod County | 32 | 25 | $3.9m | 15.6% |
| Hubbard County | 30 | 23 | $4.6m | 13.8% |
| Nicollet County | 29 | 22 | $5.1m | 12.0% |
| Morrison County | 29 | 21 | $4.1m | 22.2% |
| Polk County | 27 | 21 | $3.4m | 19.2% |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Rocket Mortgage originate in Minnesota in 2024?
4,597 loans totalling $1.1bn, from 5,956 applications reported for properties in Minnesota.
What is Rocket Mortgage's denial rate in Minnesota?
15.3% of decided applications in Minnesota were denied, against 16.9% for all lenders in the state and 18.2% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which Minnesota counties does Rocket Mortgage lend in most?
By originations: Hennepin County (852), Anoka County (381), Ramsey County (358), Dakota County (356), Washington County (235).
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in Minnesota. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.