Magnifi Financial Credit Union
Mortgage Loan Application
Totals and Details
for 2022

Find mortgage loan statistics, lending data, and loan application totals for Minnesota.
The mortgage statistics and data below are specific to mortgage loan applications for Magnifi Financial Credit Union.
Search for mortgage lenders by state, county, or metropolitan area
and explore the loan application details and stats broken down by several loan categories from 2003-2022.

Mortgage Company & Address Magnifi Financial Credit Union
1140 Elm Street
Saint Joseph, MN 56374
Tel #: available with data download
Federal Regulator * available with data download
Years 2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  
Total Number of Mortgage Applications 1,173
Total Mortgage Loan Application Amount $269,535,000
Average Mortgage Loan Application Amount $976,333
Highest Mortgage Loan Application Amount $41,615,000
Average Applicant Income $90,166
Highest Applicant Income $1,334,000

Overall mortgage application loan totals and averages for this lender are provided for each year by county, metro area, and the entire US.
The loan data is broken down by loan purpose, loan type, applicant race, application outcome, and denial reason. With this information, you can get a detailed view of locations where the mortgage lender is actively processing applications as well as the types and outcomes of loans from these applications.
As you search for mortgage loan stats and lending data in MN, the totals and averages will help you understand where the lender does business as well as the volume of business they do.

Mortgage Loan Application Totals for Magnifi Financial Credit Union by County in 2022

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Stearns County Minnesota 497 $ 89,475,000 $ 180,000 $ 88,000
Todd County Minnesota 144 $ 20,250,000 $ 140,000 $ 79,000
Morrison County Minnesota 90 $ 15,900,000 $ 176,000 $ 87,000
Kandiyohi County Minnesota 61 $ 15,735,000 $ 257,000 $ 107,000
Otter Tail County Minnesota 38 $ 6,660,000 $ 175,000 $ 90,000
Benton County Minnesota 37 $ 9,115,000 $ 246,000 $ 83,000
Hennepin County Minnesota 31 $ 7,395,000 $ 238,000 $ 119,000
Meeker County Minnesota 26 $ 4,740,000 $ 182,000 $ 106,000
Pope County Minnesota 24 $ 4,000,000 $ 166,000 $ 135,000
Wadena County Minnesota 24 $ 3,700,000 $ 154,000 $ 85,000
Clay County Minnesota 23 $ 4,535,000 $ 197,000 $ 76,000
Douglas County Minnesota 19 $ 3,645,000 $ 191,000 $ 108,000
Sherburne County Minnesota 19 $ 3,865,000 $ 203,000 $ 121,000
Anoka County Minnesota 15 $ 3,235,000 $ 215,000 $ 83,000
Wright County Minnesota 15 $ 4,345,000 $ 289,000 $ 159,000
Becker County Minnesota 12 $ 3,270,000 $ 272,000 $ 204,000
Crow Wing County Minnesota 8 $ 1,920,000 $ 240,000 $ 72,000
Ramsey County Minnesota 8 $ 1,620,000 $ 202,000 $ 108,000
Hubbard County Minnesota 7 $ 795,000 $ 113,000 $ 68,000
Mille Lacs County Minnesota 7 $ 1,315,000 $ 187,000 $ 124,000
Swift County Minnesota 7 $ 845,000 $ 120,000 $ 52,000
Dakota County Minnesota 6 $ 1,260,000 $ 210,000 $ 124,000
St. Louis County Minnesota 6 $ 1,290,000 $ 215,000 $ 137,000
Stevens County Minnesota 5 $ 465,000 $ 93,000 $ 79,000
Grant County Minnesota 4 $ 660,000 $ 165,000 $ 85,000
Cass County North Dakota 4 $ 690,000 $ 172,000 $ 323,000
Itasca County Minnesota 3 $ 665,000 $ 221,000 $ 62,000
Scott County Minnesota 3 $ 695,000 $ 231,000 $ 99,000
Cass County Minnesota 2 $ 100,000 $ 50,000 $ 63,000
Isanti County Minnesota 2 $ 560,000 $ 280,000 $ 66,000
Kanabec County Minnesota 2 $ 140,000 $ 70,000 $ 113,000
Martin County Minnesota 2 $ 30,000 $ 15,000 $ 21,000
Wilkin County Minnesota 2 $ 90,000 $ 45,000 $ 24,000
Escambia County Florida 1 $ 85,000 $ 85,000 $ 0
Kauai County Hawaii 1 $ 595,000 $ 595,000 $ 0
Blue Earth County Minnesota 1 $ 41,615,000 $ 41,615,000 $ 0
Carlton County Minnesota 1 $ 305,000 $ 305,000 $ 30,000
Chippewa County Minnesota 1 $ 55,000 $ 55,000 $ 0
Cook County Minnesota 1 $ 385,000 $ 385,000 $ 136,000
Jackson County Minnesota 1 $ 9,525,000 $ 9,525,000 $ 0
Nicollet County Minnesota 1 $ 225,000 $ 225,000 $ 102,000
Norman County Minnesota 1 $ 25,000 $ 25,000 $ 93,000
Olmsted County Minnesota 1 $ 205,000 $ 205,000 $ 63,000
Renville County Minnesota 1 $ 165,000 $ 165,000 $ 0
Steele County Minnesota 1 $ 225,000 $ 225,000 $ 105,000
Washington County Minnesota 1 $ 75,000 $ 75,000 $ 609,000
Yellow Medicine County Minnesota 1 $ 105,000 $ 105,000 $ 110,000
Richland County North Dakota 1 $ 385,000 $ 385,000 $ 173,000
Dunn County Wisconsin 1 $ 255,000 $ 255,000 $ 227,000
Green Lake County Wisconsin 1 $ 415,000 $ 415,000 $ 328,000

The mortgage data stats below are displayed in sortable categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.
Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, the highest mortgage loan applied for within that category, the average income of the mortgage applicants, and the highest income of the mortgage applicants.
You can also download the entire list of mortgage lenders along with their aggregated lending data for the state of Minnesota, and search the same numbers and information back through 2003.

Mortgage Loan Application Detail Totals for Magnifi Financial Credit Union in 2022

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Home Purchase 611 $178,845,000 $292,000 $41,615,000 $93,000 $1,242,000
Cash-out Refinancing 264 $33,570,000 $127,000 $645,000 $96,000 $1,334,000
Refinancing 255 $39,475,000 $154,000 $3,655,000 $92,000 $1,041,000
Home Improvement 23 $4,125,000 $179,000 $665,000 $118,000 $211,000
Other Purpose 18 $3,720,000 $206,000 $455,000 $105,000 $392,000
Not Applicable 2 $9,800,000 $4,900,000 $9,525,000 $37,000 $37,000

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 996 $178,490,000 $179,000 $2,555,000 $93,000 $1,334,000
Not applicable 77 $73,765,000 $957,000 $41,615,000 $0 $0
Not Provided 51 $10,935,000 $214,000 $855,000 $124,000 $1,242,000
Hispanic 32 $3,780,000 $118,000 $345,000 $62,000 $115,000
American Indian or Alaskan Native 5 $675,000 $135,000 $455,000 $95,000 $136,000
Asian 4 $690,000 $172,000 $455,000 $94,000 $208,000
Black or African American 4 $440,000 $110,000 $155,000 $65,000 $83,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 1,165 $268,365,000 $230,000 $41,615,000 $94,000 $1,334,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 5 $775,000 $155,000 $235,000 $58,000 $70,000
FHA-insured (Federal Housing Administration) 3 $395,000 $131,000 $145,000 $59,000 $94,000
VA-guaranteed (Veterans Administration) 0 $0 $0 $0 $0 $0

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 844 $211,210,000 $250,000 $41,615,000 $93,000 $1,242,000
Application Withdrawn By Applicant 150 $27,920,000 $186,000 $765,000 $104,000 $720,000
Application Approved But Not Accepted 85 $17,595,000 $207,000 $815,000 $98,000 $279,000
Application Denied By Financial Institution 69 $9,705,000 $140,000 $645,000 $77,000 $1,334,000
File Closed For Incompleteness 25 $3,105,000 $124,000 $355,000 $83,000 $252,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Not applicable 1,104 $259,830,000 $235,000 $41,615,000 $95,000 $1,242,000
Debt-To-Income Ratio 32 $5,290,000 $165,000 $645,000 $99,000 $1,334,000
Credit History 24 $2,810,000 $117,000 $285,000 $58,000 $118,000
Other 5 $755,000 $151,000 $295,000 $40,000 $52,000
Collateral 4 $340,000 $85,000 $205,000 $85,000 $102,000
Employment History 2 $360,000 $180,000 $265,000 $35,000 $70,000
Credit Application Incomplete 1 $105,000 $105,000 $105,000 $120,000 $120,000
Unverifiable Information 1 $45,000 $45,000 $45,000 $11,000 $11,000
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

These totals and details for mortgage applications will give you a better idea of what to expect when researching mortgage lenders. Whether you are looking for a home loan, for home refinancing, or for home improvement loan statistics, we have the information you need. This mortgage loan data gives you everything you need to know as you start your search for the best lenders in MN, and gives you an idea of what the best mortgage lenders really are.

If you prefer, you can download a copy of the entire list of mortgage lenders in Minnesota, and search similar information at your convenience.

Download the Minnesota Lender List