Lenders › Wells Fargo Bank NA › Minnesota
Wells Fargo Bank NA 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, Wells Fargo Bank NA reported 2,341 applications and 1,270 originations for 2024, $475m in all.
Its denial rate in the state was 24.9%, above the Minnesota rate of 16.9% across all lenders and compared with the lender's national rate of 31.7%.
The median rate spread on its Minnesota originations was 0.0 percentage points (state median 0.4).
Applications in the state were down 17% on 2023.
Compared with the state and the lender's national record
| Measure | In Minnesota | Minnesota, all lenders | Wells Fargo Bank NA, all states | United States |
|---|---|---|---|---|
| Denial rate | 24.9% | 16.9% | 31.7% | 24.3% |
| Median rate spread, pp | 0.0 | 0.4 | -0.0 | 0.3 |
| Originations with spread of 1.5 pp or more | 2.0% | 13.2% | 2.2% | 15.6% |
| Average originated loan | $374k | $269k | $1.0m | $329k |
| Home purchase share | 67.0% | 60.9% | 66.4% | 57.0% |
| FHA-insured share | 1.3% | 7.9% | 2.3% | 13.4% |
| VA-guaranteed share | 2.0% | 4.6% | 2.1% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateMinnesota, all lenders
Loan purpose and loan type in Minnesota
By purpose
Home purchase 67% (851)Home improvement 1% (19)Refinancing 9% (111)Cash-out refinancing 19% (236)Other purpose 4% (53)
By type
Conventional 97% (1,228)FHA 1% (17)VA 2% (25)
Denial reasons as coded
Share of 422 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 | 616 | 311 | $141m | 27.0% |
| Ramsey County | 193 | 118 | $89m | 18.6% |
| Dakota County | 221 | 116 | $55m | 25.2% |
| Anoka County | 178 | 93 | $23m | 28.5% |
| Washington County | 144 | 90 | $30m | 20.4% |
| Scott County | 93 | 52 | $19m | 22.1% |
| Wright County | 72 | 44 | $13m | 24.1% |
| St. Louis County | 82 | 38 | $7.2m | 29.1% |
| Rice County | 56 | 32 | $8.9m | 27.3% |
| Olmsted County | 56 | 28 | $7.9m | 30.0% |
| Carver County | 51 | 28 | $11m | 24.3% |
| Sherburne County | 50 | 28 | $7.9m | 22.2% |
| Blue Earth County | 28 | 20 | $4.1m | — |
| Stearns County | 32 | 18 | $4.0m | 28.0% |
| Chisago County | 28 | 13 | $3.4m | — |
| Crow Wing County | 26 | 13 | $3.4m | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Wells Fargo Bank NA originate in Minnesota in 2024?
1,270 loans totalling $475m, from 2,341 applications reported for properties in Minnesota.
What is Wells Fargo Bank NA's denial rate in Minnesota?
24.9% of decided applications in Minnesota were denied, against 16.9% for all lenders in the state and 31.7% 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 Wells Fargo Bank NA lend in most?
By originations: Hennepin County (311), Ramsey County (118), Dakota County (116), Anoka County (93), Washington County (90).
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 1 Oct 2026; data through 1 Aug 2026. See methodology and corrections.