Lender in Minnesota · HMDA 2025
New American Funding mortgages in Minnesota
New American Funding's 2025 home-purchase and refinance lending in Minnesota, compared with all lenders in the state.
New American Funding originated 1,533 owner-occupied single-family loans in Minnesota from 1,635 completed applications, making it the state's #8 lender by volume.
Its median conventional purchase loan costs were $6,000 versus $5,100 for all Minnesota lenders, at a median 30-year fixed rate of 6.75% (Minnesota: 6.625%).
Loans in MN
1,533
of 1,635 applications
Denial rate
2.0%
Purchase · MN 5.2%
Rate spread
+0.39 pts
Conv. · MN +0.15 pts
Loan amount
$285,000
Purchase · MN $305,000
By loan purpose
| Purpose | Applications | Loans | Denial rate | 30-yr rate* | Rate spread* | Loan costs* | Median loan |
|---|---|---|---|---|---|---|---|
| Home purchase | 1,311 | 1,282 | 2.0% | 6.750% | +0.39 pts | $6,000 | $285,000 |
| Refinance | 152 | 130 | 14.5% | 6.375% | +0.18 pts | $6,520 | $315,000 |
| Cash-out refinance | 172 | 121 | 29.1% | 7.250% | +0.94 pts | $6,760 | $255,000 |
*Conventional loans only; medians with at least 20 loans.
Minnesota counties where New American Funding ranks in the top 25
Showing the 30 counties where it ranks highest, of 60.
| County | Rank | Loans | Market share |
|---|---|---|---|
| Roseau County | 1 | 47 | 32.0% |
| Marshall County | 1 | 11 | 13.8% |
| Pennington County | 2 | 26 | 23.4% |
| Lake of the Woods County | 2 | 7 | 17.1% |
| Kittson County | 2 | 5 | 14.3% |
| Sibley County | 3 | 10 | 4.6% |
| Mille Lacs County | 4 | 21 | 4.8% |
| Anoka County | 5 | 182 | 3.4% |
| Sherburne County | 5 | 70 | 4.0% |
| Morrison County | 5 | 17 | 4.4% |
| Koochiching County | 5 | 5 | 4.0% |
| Wright County | 6 | 104 | 3.4% |
| McLeod County | 6 | 24 | 4.7% |
| Kanabec County | 6 | 7 | 3.3% |
| Red Lake County | 6 | 2 | 5.1% |
| Cottonwood County | 7 | 4 | 3.5% |
| Chisago County | 8 | 25 | 2.7% |
| Isanti County | 9 | 18 | 2.5% |
| Pine County | 9 | 10 | 2.8% |
| Stearns County | 10 | 44 | 2.2% |
| Benton County | 10 | 14 | 2.5% |
| Faribault County | 10 | 3 | 2.4% |
| Lincoln County | 10 | 2 | 2.7% |
| Meeker County | 11 | 7 | 2.4% |
| Wadena County | 11 | 3 | 2.3% |
| Ramsey County | 12 | 116 | 2.0% |
| Redwood County | 12 | 3 | 1.9% |
| Scott County | 13 | 45 | 1.9% |
| Blue Earth County | 13 | 12 | 1.7% |
| Martin County | 13 | 4 | 1.9% |
- New American Funding nationwide
- Minnesota mortgage market
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- New American Funding in Illinois
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- New American Funding in Pennsylvania
- New American Funding in Washington
- New American Funding in Ohio
- New American Funding in Tennessee
- New American Funding in North Carolina
- New American Funding in Iowa
Source: FFIEC/CFPB HMDA 2025 public LAR. Statistical profile, not a review or offer. Methodology