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.
| 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.