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cash-out refinance lenders · HMDA 2023–2025

Cash-out refinance lenders in Minnesota

Fat Boy Data analyzed cash-out refinance activity in Minnesota to show which lenders are making these loans, how often they approve, how often borrowers accept the offer, and how much they typically finance. 26,122 applications were decided by 431 lenders between 2023 and 2025.

Minnesota at a glance

431Active lenders115 with 20+ decisions
72.1%Market approval rate18,824 of 26,122 decided
$145KTypical loanmedian lender, $10K brackets
95%Borrower take-up17,809 loans funded

How Minnesota compares

Approval rate compared
Minnesota72.1%All 616 counties68.2%
Typical loan compared
Minnesota$145KAll 616 counties$155K

What the data shows

Rocket Mortgage, LLC made the most cash-out refinances in Minnesota, 3,778 of them.

Tradition Mortgage, LLC approved the highest share of applications among lenders with at least 20 decisions here, 100% of 98.

Approval rate of all 60 lenders with 20+ decisions here
0%25%50%75%100%Mortgage Research Center, LLC: 21% approved of 294Amerisave Mortgage Corporation: 26% approved of 911Lakeview Loan Servicing, LLC: 29% approved of 287New Day Financial, LLC: 33% approved of 281Spring Eq, LLC: 36% approved of 148American Financing Corporation: 37% approved of 148Carrington Mortgage Services, LLC: 40% approved of 474Affinity Plus: 46% approved of 213Village Capital & Investment LLC: 50% approved of 106Newrez LLC: 57% approved of 880Prosperity Home Mortgage, LLC: 58% approved of 127Mutual of Omaha Mortgage, Inc.: 60% approved of 241New American Funding, LLC: 63% approved of 314Quorum Federal Credit Union: 65% approved of 68Loandepot.Com, LLC: 65% approved of 615Navy Federal Credit Union: 66% approved of 94Wells Fargo Bank, National Association: 66% approved of 810Freedom Mortgage Corporation: 69% approved of 662Pennymac Loan Services, LLC: 69% approved of 535GoodLeap, LLC: 69% approved of 252Ashland Credit Union: 70% approved of 54The Federal Savings Bank: 71% approved of 122The Huntington National Bank: 72% approved of 706BMO Bank National Association: 72% approved of 459Royal Credit Union: 73% approved of 128Old National Bank: 73% approved of 59Everett Financial, Inc.: 73% approved of 94United Wholesale Mortgage, LLC: 74% approved of 1,500Plaza Home Mortgage, Inc.: 74% approved of 108Flagstar Bank, National Association: 77% approved of 235Sofi Bank, N.A.tional Association: 77% approved of 102Advantagefirst Lending Inc.: 78% approved of 63U.S. Bank National Association: 78% approved of 1,575Guaranteed Rate, Inc.: 79% approved of 121JPMorgan Chase Bank, National Association: 79% approved of 159Think Mutual Bank: 79% approved of 112Rocket Mortgage, LLC: 80% approved of 4,885Nationstar Mortgage LLC: 81% approved of 488Bell Bank: 82% approved of 302Blaze Credit Union: 83% approved of 1,081Topline Financial Credit Union: 83% approved of 107Fairway Independent Mortgage Corporation: 84% approved of 144North Shore Bank of Commerce: 84% approved of 64Wings Financial Credit Union: 85% approved of 355Bremer Bank, National Association: 86% approved of 85Servion, Inc.: 86% approved of 102Equity Prime Mortgage LLC: 86% approved of 66Sharepoint Credit Union: 86% approved of 169Baxter Credit Union: 88% approved of 191St. Cloud Financial: 88% approved of 371Trustone Financial Credit Union: 89% approved of 158Cmg Mortgage, Inc.: 89% approved of 56Magnifi Financial Credit Union: 90% approved of 225HomeTown Bank: 93% approved of 59Luminate Home Loans, Inc.: 93% approved of 61Veridian Credit Union: 94% approved of 108Crosscountry Mortgage, LLC: 95% approved of 195Highland Bank: 98% approved of 88Coastal Community Bank: 99% approved of 128Tradition Mortgage, LLC: 100% approved of 98

Each dot is one lender, placed at its approval rate. Hover for the name and sample size.

Cash-out refinance lenders in Minnesota

LenderApprovalApprovedTaken upTypical loanLoans made
1Rocket Mortgage, LLC80%3,924 / 4,88596%$145K3,778
2U.S. Bank National Association78%1,236 / 1,57597%$145K1,198
3United Wholesale Mortgage, LLCBroker only74%1,108 / 1,50097%$245K1,075
4Blaze Credit Union83%893 / 1,08191%$95K811
5Amerisave Mortgage Corporation26%237 / 91197%$205K231

Ranked by lending volume. Approval is the share of decided applications a lender approved; taken up is the share of approvals the borrower accepted. Lenders with fewer than 20 decisions are marked as a limited sample and are never used for a “highest approval” claim. How these numbers are built.

Fat Boy found 426 more lenders.

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Other lending data for Minnesota

Mortgage lenders in MinnesotaHome improvement loans in MinnesotaRefinance in MinnesotaInvestment property purchase in MinnesotaInvestment cash-out refinance in MinnesotaInvestment refinance in MinnesotaInvestment home improvement in Minnesota

Counties in Minnesota

Hennepin CountyCountyRamsey CountyCountyDakota CountyCountyAnoka CountyCountyWashington CountyCountySt. Louis CountyCountyOlmsted CountyCountyStearns CountyCountyScott CountyCountyWright CountyCountyCarver CountyCounty