Frandsen Bank & Trust
Mortgage Loan Application
Totals and Details
for 2016
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 Frandsen Bank & Trust.
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 | Frandsen Bank & Trust 116 Central Street West Lonsdale, MN 55046 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2022 2021 2020 2019 2018 2017 2016 2015 |
| Total Number of Mortgage Applications | 1,403 |
| Total Mortgage Loan Application Amount | $219,909,000 |
| Average Mortgage Loan Application Amount | $148,000 |
| Highest Mortgage Loan Application Amount | $1,804,000 |
| Average Applicant Income | $91,333 |
| Highest Applicant Income | $1,840,000 |
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 |
|---|---|---|---|---|
| St. Louis County Minnesota | 170 | $ 21,498,000 | $ 126,000 | $ 81,000 |
| Grand Forks County North Dakota | 123 | $ 22,254,000 | $ 180,000 | $ 82,000 |
| Polk County Minnesota | 98 | $ 14,874,000 | $ 151,000 | $ 82,000 |
| Rice County Minnesota | 80 | $ 14,148,000 | $ 176,000 | $ 88,000 |
| Brown County Minnesota | 67 | $ 7,926,000 | $ 118,000 | $ 74,000 |
| Carlton County Minnesota | 67 | $ 10,278,000 | $ 153,000 | $ 90,000 |
| Crow Wing County Minnesota | 63 | $ 13,220,000 | $ 209,000 | $ 128,000 |
| Le Sueur County Minnesota | 63 | $ 8,443,000 | $ 134,000 | $ 76,000 |
| Blue Earth County Minnesota | 56 | $ 9,829,000 | $ 175,000 | $ 94,000 |
| Scott County Minnesota | 49 | $ 10,061,000 | $ 205,000 | $ 110,000 |
| Benton County Minnesota | 38 | $ 4,824,000 | $ 126,000 | $ 76,000 |
| Pine County Minnesota | 37 | $ 4,737,000 | $ 128,000 | $ 64,000 |
| Polk County Wisconsin | 36 | $ 4,133,000 | $ 114,000 | $ 86,000 |
| Nicollet County Minnesota | 34 | $ 5,418,000 | $ 159,000 | $ 72,000 |
| Isanti County Minnesota | 27 | $ 3,793,000 | $ 140,000 | $ 71,000 |
| Hennepin County Minnesota | 26 | $ 6,175,000 | $ 237,000 | $ 158,000 |
| Chisago County Minnesota | 22 | $ 3,376,000 | $ 153,000 | $ 86,000 |
| Norman County Minnesota | 19 | $ 1,400,000 | $ 73,000 | $ 65,000 |
| Big Stone County Minnesota | 18 | $ 2,304,000 | $ 128,000 | $ 123,000 |
| Cass County Minnesota | 17 | $ 2,762,000 | $ 162,000 | $ 93,000 |
| Kanabec County Minnesota | 16 | $ 1,614,000 | $ 100,000 | $ 65,000 |
| Renville County Minnesota | 15 | $ 1,491,000 | $ 99,000 | $ 68,000 |
| Washington County Minnesota | 15 | $ 3,288,000 | $ 219,000 | $ 146,000 |
| Burnett County Wisconsin | 14 | $ 1,810,000 | $ 129,000 | $ 100,000 |
| Dakota County Minnesota | 13 | $ 2,360,000 | $ 181,000 | $ 164,000 |
| Lake County Minnesota | 13 | $ 2,585,000 | $ 198,000 | $ 165,000 |
| Anoka County Minnesota | 12 | $ 2,359,000 | $ 196,000 | $ 116,000 |
| Carver County Minnesota | 11 | $ 2,893,000 | $ 263,000 | $ 125,000 |
| Mille Lacs County Minnesota | 11 | $ 1,330,000 | $ 120,000 | $ 63,000 |
| Itasca County Minnesota | 9 | $ 1,002,000 | $ 111,000 | $ 66,000 |
| Aitkin County Minnesota | 8 | $ 1,409,000 | $ 176,000 | $ 130,000 |
| Ramsey County Minnesota | 7 | $ 1,009,000 | $ 144,000 | $ 36,000 |
| Stearns County Minnesota | 7 | $ 1,307,000 | $ 186,000 | $ 87,000 |
| Olmsted County Minnesota | 6 | $ 1,058,000 | $ 176,000 | $ 165,000 |
| Waseca County Minnesota | 6 | $ 691,000 | $ 115,000 | $ 60,000 |
| Kandiyohi County Minnesota | 5 | $ 788,000 | $ 157,000 | $ 102,000 |
| Marshall County Minnesota | 5 | $ 589,000 | $ 117,000 | $ 82,000 |
| St. Croix County Wisconsin | 5 | $ 1,658,000 | $ 331,000 | $ 176,000 |
| Morrison County Minnesota | 4 | $ 501,000 | $ 125,000 | $ 118,000 |
| Sherburne County Minnesota | 4 | $ 704,000 | $ 176,000 | $ 119,000 |
| Cass County North Dakota | 4 | $ 817,000 | $ 204,000 | $ 91,000 |
| Walsh County North Dakota | 4 | $ 241,000 | $ 60,000 | $ 90,000 |
| Hubbard County Minnesota | 3 | $ 542,000 | $ 180,000 | $ 78,000 |
| Martin County Minnesota | 3 | $ 445,000 | $ 148,000 | $ 81,000 |
| Meeker County Minnesota | 3 | $ 343,000 | $ 114,000 | $ 51,000 |
| Redwood County Minnesota | 3 | $ 185,000 | $ 61,000 | $ 84,000 |
| Sibley County Minnesota | 3 | $ 274,000 | $ 91,000 | $ 34,000 |
| Steele County Minnesota | 3 | $ 338,000 | $ 112,000 | $ 85,000 |
| Todd County Minnesota | 3 | $ 480,000 | $ 160,000 | $ 47,000 |
| Wabasha County Minnesota | 3 | $ 760,000 | $ 253,000 | $ 160,000 |
| Maricopa County Arizona | 2 | $ 463,000 | $ 231,000 | $ 142,000 |
| Pinal County Arizona | 2 | $ 375,000 | $ 187,000 | $ 133,000 |
| Becker County Minnesota | 2 | $ 450,000 | $ 225,000 | $ 146,000 |
| Clay County Minnesota | 2 | $ 336,000 | $ 168,000 | $ 109,000 |
| Lake of the Woods County Minnesota | 2 | $ 259,000 | $ 129,000 | $ 94,000 |
| Pennington County Minnesota | 2 | $ 628,000 | $ 314,000 | $ 34,000 |
| Douglas County Wisconsin | 2 | $ 195,000 | $ 97,000 | $ 53,000 |
| Pierce County Wisconsin | 2 | $ 519,000 | $ 259,000 | $ 173,000 |
| Washburn County Wisconsin | 2 | $ 172,000 | $ 86,000 | $ 50,000 |
| Mohave County Arizona | 1 | $ 162,000 | $ 162,000 | $ 127,000 |
| Riverside County California | 1 | $ 1,070,000 | $ 1,070,000 | $ 1,840,000 |
| Collier County Florida | 1 | $ 1,000,000 | $ 1,000,000 | $ 458,000 |
| Manatee County Florida | 1 | $ 316,000 | $ 316,000 | $ 73,000 |
| Valley County Idaho | 1 | $ 200,000 | $ 200,000 | $ 86,000 |
| Beltrami County Minnesota | 1 | $ 116,000 | $ 116,000 | $ 148,000 |
| Chippewa County Minnesota | 1 | $ 177,000 | $ 177,000 | $ 92,000 |
| Clearwater County Minnesota | 1 | $ 44,000 | $ 44,000 | $ 95,000 |
| Cook County Minnesota | 1 | $ 62,000 | $ 62,000 | $ 30,000 |
| Douglas County Minnesota | 1 | $ 110,000 | $ 110,000 | $ 47,000 |
| Goodhue County Minnesota | 1 | $ 176,000 | $ 176,000 | $ 45,000 |
| Koochiching County Minnesota | 1 | $ 73,000 | $ 73,000 | $ 38,000 |
| Mahnomen County Minnesota | 1 | $ 55,000 | $ 55,000 | $ 232,000 |
| McLeod County Minnesota | 1 | $ 84,000 | $ 84,000 | $ 64,000 |
| Mower County Minnesota | 1 | $ 70,000 | $ 70,000 | $ 40,000 |
| Otter Tail County Minnesota | 1 | $ 245,000 | $ 245,000 | $ 96,000 |
| Roseau County Minnesota | 1 | $ 128,000 | $ 128,000 | $ 65,000 |
| Traverse County Minnesota | 1 | $ 156,000 | $ 156,000 | $ 54,000 |
| Wadena County Minnesota | 1 | $ 220,000 | $ 220,000 | $ 169,000 |
| Wilkin County Minnesota | 1 | $ 235,000 | $ 235,000 | $ 105,000 |
| Wright County Minnesota | 1 | $ 178,000 | $ 178,000 | $ 103,000 |
| Stone County Missouri | 1 | $ 40,000 | $ 40,000 | $ 101,000 |
| Dickey County North Dakota | 1 | $ 94,000 | $ 94,000 | $ 350,000 |
| Towner County North Dakota | 1 | $ 83,000 | $ 83,000 | $ 52,000 |
| Traill County North Dakota | 1 | $ 77,000 | $ 77,000 | $ 39,000 |
| Codington County South Dakota | 1 | $ 280,000 | $ 280,000 | $ 51,000 |
| Lincoln County South Dakota | 1 | $ 225,000 | $ 225,000 | $ 138,000 |
| Roberts County South Dakota | 1 | $ 300,000 | $ 300,000 | $ 130,000 |
| Collin County Texas | 1 | $ 248,000 | $ 248,000 | $ 152,000 |
| Ashland County Wisconsin | 1 | $ 276,000 | $ 276,000 | $ 245,000 |
| Barron County Wisconsin | 1 | $ 103,000 | $ 103,000 | $ 39,000 |
| Bayfield County Wisconsin | 1 | $ 60,000 | $ 60,000 | $ 29,000 |
| Chippewa County Wisconsin | 1 | $ 300,000 | $ 300,000 | $ 48,000 |
| Rock County Wisconsin | 1 | $ 180,000 | $ 180,000 | $ 118,000 |
| Waukesha County Wisconsin | 1 | $ 320,000 | $ 320,000 | $ 145,000 |
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 Frandsen Bank & Trust in 2016
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 | 702 | $108,051,000 | $153,000 | $1,070,000 | $87,000 | $1,840,000 |
| Refinancing | 559 | $94,520,000 | $169,000 | $1,804,000 | $97,000 | $1,136,000 |
| Home Improvement | 142 | $17,338,000 | $122,000 | $413,000 | $90,000 | $528,000 |
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 | 1,234 | $189,495,000 | $153,000 | $1,070,000 | $93,000 | $1,840,000 |
| Not Provided | 95 | $17,432,000 | $183,000 | $575,000 | $119,000 | $516,000 |
| Not applicable | 50 | $9,462,000 | $189,000 | $1,804,000 | $4,000 | $244,000 |
| Hispanic | 13 | $1,537,000 | $118,000 | $196,000 | $65,000 | $101,000 |
| Asian | 9 | $1,672,000 | $185,000 | $319,000 | $91,000 | $175,000 |
| Black or African American | 1 | $230,000 | $230,000 | $230,000 | $64,000 | $64,000 |
| American Indian or Alaskan Native | 1 | $81,000 | $81,000 | $81,000 | $32,000 | $32,000 |
| Native Hawaiin 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) | 1,344 | $212,717,000 | $158,000 | $1,804,000 | $94,000 | $1,840,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 49 | $5,577,000 | $113,000 | $236,000 | $41,000 | $82,000 |
| VA-guaranteed (Veterans Administration) | 5 | $969,000 | $193,000 | $306,000 | $77,000 | $129,000 |
| FHA-insured (Federal Housing Administration) | 5 | $646,000 | $129,000 | $235,000 | $45,000 | $72,000 |
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 | 1,112 | $176,214,000 | $158,000 | $1,804,000 | $95,000 | $1,840,000 |
| Application Denied By Financial Institution | 132 | $18,977,000 | $143,000 | $980,000 | $71,000 | $385,000 |
| Application Withdrawn By Applicant | 102 | $16,405,000 | $160,000 | $417,000 | $86,000 | $516,000 |
| Application Approved But Not Accepted | 32 | $5,244,000 | $163,000 | $381,000 | $109,000 | $255,000 |
| Preapproval Denied by Financial Institution | 22 | $2,725,000 | $123,000 | $250,000 | $49,000 | $152,000 |
| File Closed For Incompleteness | 2 | $298,000 | $149,000 | $223,000 | $70,000 | $98,000 |
| Loan Purchased By The Institution | 1 | $46,000 | $46,000 | $46,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 |
|---|---|---|---|---|---|---|
| Credit History | 71 | $8,511,000 | $119,000 | $575,000 | $63,000 | $297,000 |
| Debt-To-Income Ratio | 49 | $7,470,000 | $152,000 | $980,000 | $71,000 | $385,000 |
| Collateral | 20 | $3,568,000 | $178,000 | $400,000 | $87,000 | $373,000 |
| Employment History | 7 | $743,000 | $106,000 | $225,000 | $35,000 | $59,000 |
| Other | 3 | $665,000 | $221,000 | $296,000 | $53,000 | $88,000 |
| Unverifiable Information | 2 | $395,000 | $197,000 | $235,000 | $83,000 | $98,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $350,000 | $175,000 | $300,000 | $77,000 | $94,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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.