Lender in Minnesota · HMDA 2025
Granite Bank mortgages in Minnesota
Granite Bank's 2025 home-purchase and refinance lending in Minnesota, compared with all lenders in the state.
Granite Bank originated 1,116 owner-occupied single-family loans in Minnesota from 1,172 completed applications, making it the state's #14 lender by volume.
Its median conventional purchase loan costs were $5,730 versus $5,100 for all Minnesota lenders, at a median 30-year fixed rate of 6.625% (Minnesota: 6.625%).
Loans in MN
1,116
of 1,172 applications
Denial rate
3.5%
Purchase · MN 5.2%
Rate spread
+0.29 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 | 1,074 | 1,035 | 3.5% | 6.625% | +0.29 pts | $5,730 | $285,000 |
| Refinance | 66 | 55 | 16.7% | 6.375% | +0.02 pts | $5,310 | $295,000 |
| Cash-out refinance | 32 | 26 | 18.8% | — | — | — | $225,000 |
*Conventional loans only; medians with at least 20 loans.
Minnesota counties where Granite Bank ranks in the top 25
Showing the 30 counties where it ranks highest, of 44.
| County | Rank | Loans | Market share |
|---|---|---|---|
| Crow Wing County | 1 | 55 | 6.5% |
| Mahnomen County | 1 | 17 | 32.1% |
| Red Lake County | 3 | 3 | 7.7% |
| Becker County | 4 | 30 | 7.3% |
| Cass County | 5 | 13 | 3.7% |
| Todd County | 5 | 13 | 4.9% |
| Kandiyohi County | 7 | 18 | 4.0% |
| Aitkin County | 7 | 7 | 3.5% |
| Yellow Medicine County | 7 | 4 | 4.6% |
| Hubbard County | 8 | 5 | 2.4% |
| Norman County | 8 | 3 | 4.3% |
| Cook County | 9 | 1 | 2.1% |
| Chippewa County | 10 | 3 | 2.8% |
| Wright County | 11 | 59 | 1.9% |
| Clay County | 12 | 22 | 2.4% |
| Polk County | 12 | 9 | 2.7% |
| Marshall County | 12 | 2 | 2.5% |
| Morrison County | 13 | 9 | 2.3% |
| Redwood County | 13 | 3 | 1.9% |
| Anoka County | 14 | 101 | 1.9% |
| Mille Lacs County | 14 | 8 | 1.8% |
| Lake of the Woods County | 14 | 1 | 2.4% |
| Sibley County | 15 | 4 | 1.8% |
| Swift County | 15 | 2 | 2.3% |
| Scott County | 16 | 43 | 1.8% |
| Martin County | 16 | 3 | 1.4% |
| Ramsey County | 17 | 99 | 1.7% |
| Sherburne County | 17 | 26 | 1.5% |
| Dakota County | 18 | 97 | 1.5% |
| Stearns County | 18 | 30 | 1.5% |
Source: FFIEC/CFPB HMDA 2025 public LAR. Statistical profile, not a review or offer. Methodology