Lender in Minnesota · HMDA 2025
Lower, LLC mortgages in Minnesota
Lower, LLC's 2025 home-purchase and refinance lending in Minnesota, compared with all lenders in the state.
Lower, LLC originated 333 owner-occupied single-family loans in Minnesota from 360 completed applications.
Its median conventional purchase loan costs were $5,230 versus $5,100 for all Minnesota lenders, at a median 30-year fixed rate of 6.50% (Minnesota: 6.625%).
Loans in MN
333
of 360 applications
Denial rate
3.4%
Purchase · MN 5.2%
Rate spread
+0.21 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 | 297 | 285 | 3.4% | 6.500% | +0.21 pts | $5,230 | $285,000 |
| Refinance | 41 | 34 | 12.2% | — | +0.06 pts | $7,970 | $365,000 |
| Cash-out refinance | 22 | 14 | 36.4% | — | — | — | — |
*Conventional loans only; medians with at least 20 loans.
Minnesota counties where Lower, LLC ranks in the top 25
| County | Rank | Loans | Market share |
|---|---|---|---|
| Isanti County | 18 | 11 | 1.5% |
| Sherburne County | 25 | 19 | 1.1% |
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Source: FFIEC/CFPB HMDA 2025 public LAR. Statistical profile, not a review or offer. Methodology