Lenders › Flagstar Bank NA › Minnesota
Flagstar 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, Flagstar Bank NA reported 973 applications and 665 originations for 2024, $190m in all.
Its denial rate in the state was 24.7%, above the Minnesota rate of 16.9% across all lenders and compared with the lender's national rate of 29.4%.
The median rate spread on its Minnesota originations was 0.3 percentage points (state median 0.4).
Applications in the state were about level with 2023.
Compared with the state and the lender's national record
| Measure | In Minnesota | Minnesota, all lenders | Flagstar Bank NA, all states | United States |
|---|---|---|---|---|
| Denial rate | 24.7% | 16.9% | 29.4% | 24.3% |
| Median rate spread, pp | 0.3 | 0.4 | 0.4 | 0.3 |
| Originations with spread of 1.5 pp or more | 6.2% | 13.2% | 12.8% | 15.6% |
| Average originated loan | $285k | $269k | $303k | $329k |
| Home purchase share | 73.2% | 60.9% | 68.2% | 57.0% |
| FHA-insured share | 12.8% | 7.9% | 22.2% | 13.4% |
| VA-guaranteed share | 8.4% | 4.6% | 7.0% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateMinnesota, all lenders
Loan purpose and loan type in Minnesota
By purpose
Home purchase 73% (487)Home improvement 0% (2)Refinancing 11% (73)Cash-out refinancing 14% (95)Other purpose 1% (8)
By type
Conventional 76% (507)FHA 13% (85)VA 8% (56)USDA 3% (17)
Denial reasons as coded
Share of 220 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 | 177 | 112 | $37m | 29.1% |
| Wright County | 116 | 61 | $18m | 43.0% |
| Crow Wing County | 68 | 52 | $16m | 21.2% |
| Ramsey County | 49 | 35 | $9.2m | 18.6% |
| Dakota County | 46 | 35 | $11m | 12.5% |
| Anoka County | 44 | 32 | $9.7m | 17.9% |
| Itasca County | 30 | 26 | $6.9m | 13.3% |
| Cass County | 28 | 22 | $6.5m | 21.4% |
| Carver County | 28 | 22 | $9.6m | — |
| Stearns County | 25 | 21 | $3.9m | 16.0% |
| Douglas County | 26 | 20 | $6.3m | 23.1% |
| Morrison County | 25 | 20 | $4.8m | — |
| Scott County | 29 | 17 | $5.4m | — |
| Washington County | 27 | 16 | $5.1m | 36.0% |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Flagstar Bank NA originate in Minnesota in 2024?
665 loans totalling $190m, from 973 applications reported for properties in Minnesota.
What is Flagstar Bank NA's denial rate in Minnesota?
24.7% of decided applications in Minnesota were denied, against 16.9% for all lenders in the state and 29.4% 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 Flagstar Bank NA lend in most?
By originations: Hennepin County (112), Wright County (61), Crow Wing County (52), Ramsey County (35), Dakota County (35).
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.