Frandsen Bank & Trust
Mortgage Loan Application
Totals and Details
for 2019
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 | 1,422 |
| Total Mortgage Loan Application Amount | $254,840,000 |
| Average Mortgage Loan Application Amount | $127,000 |
| Highest Mortgage Loan Application Amount | $865,000 |
| Average Applicant Income | $80,333 |
| Highest Applicant Income | $1,126,000 |
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 | 185 | $ 28,095,000 | $ 151,000 | $ 94,000 |
| Crow Wing County Minnesota | 97 | $ 20,485,000 | $ 211,000 | $ 133,000 |
| Grand Forks County North Dakota | 76 | $ 11,010,000 | $ 144,000 | $ 80,000 |
| Polk County Minnesota | 69 | $ 10,985,000 | $ 159,000 | $ 93,000 |
| Rice County Minnesota | 62 | $ 11,430,000 | $ 184,000 | $ 88,000 |
| Brown County Minnesota | 59 | $ 7,325,000 | $ 124,000 | $ 89,000 |
| Polk County Wisconsin | 54 | $ 6,180,000 | $ 114,000 | $ 68,000 |
| Blue Earth County Minnesota | 50 | $ 10,240,000 | $ 204,000 | $ 106,000 |
| Carlton County Minnesota | 49 | $ 8,345,000 | $ 170,000 | $ 119,000 |
| Dakota County Minnesota | 46 | $ 12,830,000 | $ 278,000 | $ 138,000 |
| Le Sueur County Minnesota | 46 | $ 7,800,000 | $ 169,000 | $ 82,000 |
| Nicollet County Minnesota | 43 | $ 9,085,000 | $ 211,000 | $ 114,000 |
| Isanti County Minnesota | 40 | $ 6,100,000 | $ 152,000 | $ 89,000 |
| Hennepin County Minnesota | 38 | $ 12,970,000 | $ 341,000 | $ 164,000 |
| Scott County Minnesota | 37 | $ 9,345,000 | $ 252,000 | $ 96,000 |
| Pine County Minnesota | 34 | $ 6,040,000 | $ 177,000 | $ 77,000 |
| Chisago County Minnesota | 28 | $ 5,570,000 | $ 198,000 | $ 103,000 |
| Marshall County Minnesota | 28 | $ 2,660,000 | $ 95,000 | $ 79,000 |
| Renville County Minnesota | 25 | $ 2,575,000 | $ 103,000 | $ 91,000 |
| Cass County Minnesota | 24 | $ 6,120,000 | $ 255,000 | $ 110,000 |
| Norman County Minnesota | 20 | $ 2,060,000 | $ 103,000 | $ 70,000 |
| Benton County Minnesota | 19 | $ 3,025,000 | $ 159,000 | $ 101,000 |
| Big Stone County Minnesota | 19 | $ 2,325,000 | $ 122,000 | $ 70,000 |
| Kanabec County Minnesota | 17 | $ 1,935,000 | $ 113,000 | $ 69,000 |
| Ramsey County Minnesota | 16 | $ 4,330,000 | $ 270,000 | $ 143,000 |
| Waseca County Minnesota | 14 | $ 1,550,000 | $ 110,000 | $ 51,000 |
| Anoka County Minnesota | 13 | $ 3,125,000 | $ 240,000 | $ 126,000 |
| Washington County Minnesota | 13 | $ 3,595,000 | $ 276,000 | $ 202,000 |
| Douglas County Wisconsin | 13 | $ 2,375,000 | $ 182,000 | $ 168,000 |
| Lake County Minnesota | 11 | $ 1,245,000 | $ 113,000 | $ 213,000 |
| Carver County Minnesota | 8 | $ 2,270,000 | $ 283,000 | $ 138,000 |
| Burnett County Wisconsin | 8 | $ 1,180,000 | $ 147,000 | $ 83,000 |
| Itasca County Minnesota | 7 | $ 675,000 | $ 96,000 | $ 89,000 |
| Mower County Minnesota | 7 | $ 1,425,000 | $ 203,000 | $ 91,000 |
| Aitkin County Minnesota | 6 | $ 1,540,000 | $ 256,000 | $ 148,000 |
| Hubbard County Minnesota | 6 | $ 870,000 | $ 145,000 | $ 141,000 |
| McLeod County Minnesota | 6 | $ 1,350,000 | $ 225,000 | $ 98,000 |
| Morrison County Minnesota | 6 | $ 750,000 | $ 125,000 | $ 48,000 |
| Sherburne County Minnesota | 5 | $ 1,145,000 | $ 229,000 | $ 132,000 |
| Sibley County Minnesota | 5 | $ 675,000 | $ 135,000 | $ 67,000 |
| Stearns County Minnesota | 5 | $ 595,000 | $ 119,000 | $ 94,000 |
| Becker County Minnesota | 4 | $ 1,350,000 | $ 337,000 | $ 132,000 |
| Mille Lacs County Minnesota | 4 | $ 900,000 | $ 225,000 | $ 56,000 |
| Steele County Minnesota | 4 | $ 1,080,000 | $ 270,000 | $ 137,000 |
| Wright County Minnesota | 4 | $ 820,000 | $ 205,000 | $ 81,000 |
| Cass County North Dakota | 4 | $ 1,190,000 | $ 297,000 | $ 103,000 |
| Sawyer County Wisconsin | 4 | $ 780,000 | $ 195,000 | $ 207,000 |
| Lee County Florida | 3 | $ 515,000 | $ 171,000 | $ 143,000 |
| Faribault County Minnesota | 3 | $ 375,000 | $ 125,000 | $ 99,000 |
| Kittson County Minnesota | 3 | $ 215,000 | $ 71,000 | $ 108,000 |
| Mahnomen County Minnesota | 3 | $ 595,000 | $ 198,000 | $ 225,000 |
| Todd County Minnesota | 3 | $ 675,000 | $ 225,000 | $ 74,000 |
| Barron County Wisconsin | 3 | $ 425,000 | $ 141,000 | $ 32,000 |
| St. Croix County Wisconsin | 3 | $ 475,000 | $ 158,000 | $ 102,000 |
| Maricopa County Arizona | 2 | $ 280,000 | $ 140,000 | $ 102,000 |
| Pinal County Arizona | 2 | $ 540,000 | $ 270,000 | $ 154,000 |
| Collier County Florida | 2 | $ 660,000 | $ 330,000 | $ 326,000 |
| Cook County Minnesota | 2 | $ 600,000 | $ 300,000 | $ 148,000 |
| Freeborn County Minnesota | 2 | $ 550,000 | $ 275,000 | $ 107,000 |
| Goodhue County Minnesota | 2 | $ 240,000 | $ 120,000 | $ 130,000 |
| Koochiching County Minnesota | 2 | $ 300,000 | $ 150,000 | $ 180,000 |
| Lyon County Minnesota | 2 | $ 160,000 | $ 80,000 | $ 25,000 |
| Meeker County Minnesota | 2 | $ 420,000 | $ 210,000 | $ 90,000 |
| Olmsted County Minnesota | 2 | $ 350,000 | $ 175,000 | $ 168,000 |
| Otter Tail County Minnesota | 2 | $ 650,000 | $ 325,000 | $ 103,000 |
| Pennington County Minnesota | 2 | $ 200,000 | $ 100,000 | $ 45,000 |
| Roseau County Minnesota | 2 | $ 100,000 | $ 50,000 | $ 107,000 |
| Traill County North Dakota | 2 | $ 330,000 | $ 165,000 | $ 89,000 |
| Walsh County North Dakota | 2 | $ 270,000 | $ 135,000 | $ 61,000 |
| Washburn County Wisconsin | 2 | $ 420,000 | $ 210,000 | $ 169,000 |
| Mohave County Arizona | 1 | $ 315,000 | $ 315,000 | $ 124,000 |
| Mesa County Colorado | 1 | $ 155,000 | $ 155,000 | $ 139,000 |
| Weld County Colorado | 1 | $ 225,000 | $ 225,000 | $ 96,000 |
| Brevard County Florida | 1 | $ 115,000 | $ 115,000 | $ 134,000 |
| Manatee County Florida | 1 | $ 315,000 | $ 315,000 | $ 112,000 |
| Pinellas County Florida | 1 | $ 245,000 | $ 245,000 | $ 182,000 |
| Sumter County Florida | 1 | $ 195,000 | $ 195,000 | $ 88,000 |
| Dickinson County Iowa | 1 | $ 145,000 | $ 145,000 | $ 126,000 |
| Polk County Iowa | 1 | $ 235,000 | $ 235,000 | $ 57,000 |
| Beltrami County Minnesota | 1 | $ 55,000 | $ 55,000 | $ 44,000 |
| Clay County Minnesota | 1 | $ 285,000 | $ 285,000 | $ 115,000 |
| Clearwater County Minnesota | 1 | $ 85,000 | $ 85,000 | $ 132,000 |
| Douglas County Minnesota | 1 | $ 155,000 | $ 155,000 | $ 117,000 |
| Kandiyohi County Minnesota | 1 | $ 365,000 | $ 365,000 | $ 97,000 |
| Lake of the Woods County Minnesota | 1 | $ 55,000 | $ 55,000 | $ 88,000 |
| Lincoln County Minnesota | 1 | $ 75,000 | $ 75,000 | $ 47,000 |
| Martin County Minnesota | 1 | $ 495,000 | $ 495,000 | $ 0 |
| Nobles County Minnesota | 1 | $ 275,000 | $ 275,000 | $ 650,000 |
| Pope County Minnesota | 1 | $ 175,000 | $ 175,000 | $ 119,000 |
| Red Lake County Minnesota | 1 | $ 205,000 | $ 205,000 | $ 57,000 |
| Redwood County Minnesota | 1 | $ 65,000 | $ 65,000 | $ 60,000 |
| Stevens County Minnesota | 1 | $ 75,000 | $ 75,000 | $ 47,000 |
| Swift County Minnesota | 1 | $ 55,000 | $ 55,000 | $ 44,000 |
| Watonwan County Minnesota | 1 | $ 75,000 | $ 75,000 | $ 19,000 |
| Codington County South Dakota | 1 | $ 215,000 | $ 215,000 | $ 95,000 |
| Custer County South Dakota | 1 | $ 235,000 | $ 235,000 | $ 63,000 |
| Roberts County South Dakota | 1 | $ 215,000 | $ 215,000 | $ 66,000 |
| Clark County Wisconsin | 1 | $ 45,000 | $ 45,000 | $ 92,000 |
| Pierce County Wisconsin | 1 | $ 185,000 | $ 185,000 | $ 87,000 |
| Waukesha County Wisconsin | 1 | $ 485,000 | $ 485,000 | $ 144,000 |
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 2019
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 | 792 | $147,660,000 | $186,000 | $865,000 | $105,000 | $1,126,000 |
| Refinancing | 301 | $58,225,000 | $193,000 | $705,000 | $111,000 | $543,000 |
| Cash-out Refinancing | 222 | $41,390,000 | $186,000 | $485,000 | $91,000 | $380,000 |
| Home Improvement | 54 | $3,240,000 | $60,000 | $255,000 | $74,000 | $154,000 |
| Other Purpose | 52 | $4,270,000 | $82,000 | $345,000 | $101,000 | $396,000 |
| Not Applicable | 1 | $55,000 | $55,000 | $55,000 | $0 | $0 |
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 | 1,268 | $227,570,000 | $179,000 | $865,000 | $101,000 | $1,126,000 |
| Not applicable | 65 | $10,035,000 | $154,000 | $705,000 | $0 | $0 |
| Not Provided | 63 | $12,705,000 | $201,000 | $725,000 | $146,000 | $650,000 |
| Hispanic | 9 | $1,405,000 | $156,000 | $355,000 | $70,000 | $231,000 |
| Asian | 8 | $2,040,000 | $255,000 | $625,000 | $127,000 | $420,000 |
| American Indian or Alaskan Native | 5 | $365,000 | $73,000 | $175,000 | $59,000 | $90,000 |
| Black or African American | 2 | $480,000 | $240,000 | $425,000 | $75,000 | $109,000 |
| 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) | 1,368 | $247,470,000 | $180,000 | $865,000 | $105,000 | $1,126,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 46 | $5,440,000 | $118,000 | $305,000 | $46,000 | $109,000 |
| VA-guaranteed (Veterans Administration) | 7 | $1,895,000 | $270,000 | $465,000 | $75,000 | $110,000 |
| FHA-insured (Federal Housing Administration) | 1 | $35,000 | $35,000 | $35,000 | $37,000 | $37,000 |
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 | 1,133 | $205,895,000 | $181,000 | $865,000 | $107,000 | $1,126,000 |
| Application Withdrawn By Applicant | 192 | $37,110,000 | $193,000 | $755,000 | $101,000 | $500,000 |
| Application Denied By Financial Institution | 84 | $9,790,000 | $116,000 | $345,000 | $56,000 | $470,000 |
| Application Approved But Not Accepted | 8 | $1,430,000 | $178,000 | $405,000 | $127,000 | $375,000 |
| File Closed For Incompleteness | 3 | $465,000 | $155,000 | $275,000 | $89,000 | $183,000 |
| Loan Purchased By The Institution | 1 | $55,000 | $55,000 | $55,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 1 | $95,000 | $95,000 | $95,000 | $66,000 | $66,000 |
| 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 | 1,338 | $245,050,000 | $183,000 | $865,000 | $106,000 | $1,126,000 |
| Credit History | 34 | $3,720,000 | $109,000 | $255,000 | $62,000 | $310,000 |
| Debt-To-Income Ratio | 30 | $3,900,000 | $130,000 | $345,000 | $45,000 | $120,000 |
| Collateral | 6 | $330,000 | $55,000 | $75,000 | $37,000 | $56,000 |
| Other | 5 | $775,000 | $155,000 | $305,000 | $62,000 | $87,000 |
| Employment History | 5 | $575,000 | $115,000 | $145,000 | $28,000 | $50,000 |
| Unverifiable Information | 3 | $215,000 | $71,000 | $105,000 | $54,000 | $96,000 |
| Credit Application Incomplete | 1 | $275,000 | $275,000 | $275,000 | $470,000 | $470,000 |
| 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.