Frandsen Bank & Trust
Mortgage Loan Application
Totals and Details
for 2021
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 | 2,492 |
| Total Mortgage Loan Application Amount | $544,040,000 |
| Average Mortgage Loan Application Amount | $179,400 |
| Highest Mortgage Loan Application Amount | $2,745,000 |
| Average Applicant Income | $115,200 |
| Highest Applicant Income | $2,196,000 |
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 | 353 | $ 72,865,000 | $ 206,000 | $ 115,000 |
| Rice County Minnesota | 115 | $ 25,635,000 | $ 222,000 | $ 103,000 |
| Crow Wing County Minnesota | 114 | $ 26,650,000 | $ 233,000 | $ 115,000 |
| Scott County Minnesota | 104 | $ 29,110,000 | $ 279,000 | $ 132,000 |
| Dakota County Minnesota | 101 | $ 27,315,000 | $ 270,000 | $ 140,000 |
| Brown County Minnesota | 100 | $ 14,950,000 | $ 149,000 | $ 92,000 |
| Le Sueur County Minnesota | 95 | $ 19,875,000 | $ 209,000 | $ 130,000 |
| Grand Forks County North Dakota | 95 | $ 18,055,000 | $ 190,000 | $ 84,000 |
| Carlton County Minnesota | 88 | $ 19,100,000 | $ 217,000 | $ 118,000 |
| Polk County Minnesota | 87 | $ 15,855,000 | $ 182,000 | $ 108,000 |
| Hennepin County Minnesota | 79 | $ 24,935,000 | $ 315,000 | $ 181,000 |
| Blue Earth County Minnesota | 67 | $ 13,845,000 | $ 206,000 | $ 102,000 |
| Pine County Minnesota | 60 | $ 8,830,000 | $ 147,000 | $ 72,000 |
| Ramsey County Minnesota | 56 | $ 18,350,000 | $ 327,000 | $ 179,000 |
| Sawyer County Wisconsin | 55 | $ 10,245,000 | $ 186,000 | $ 94,000 |
| Polk County Wisconsin | 50 | $ 8,220,000 | $ 164,000 | $ 86,000 |
| Anoka County Minnesota | 49 | $ 14,425,000 | $ 294,000 | $ 171,000 |
| Isanti County Minnesota | 48 | $ 8,810,000 | $ 183,000 | $ 90,000 |
| Chisago County Minnesota | 46 | $ 9,040,000 | $ 196,000 | $ 96,000 |
| Eau Claire County Wisconsin | 46 | $ 12,200,000 | $ 265,000 | $ 224,000 |
| Nicollet County Minnesota | 44 | $ 8,380,000 | $ 190,000 | $ 93,000 |
| Benton County Minnesota | 39 | $ 6,035,000 | $ 154,000 | $ 75,000 |
| Washington County Minnesota | 37 | $ 12,805,000 | $ 346,000 | $ 186,000 |
| Douglas County Wisconsin | 37 | $ 6,785,000 | $ 183,000 | $ 114,000 |
| Cass County Minnesota | 29 | $ 5,975,000 | $ 206,000 | $ 100,000 |
| Kanabec County Minnesota | 27 | $ 3,835,000 | $ 142,000 | $ 99,000 |
| Marshall County Minnesota | 27 | $ 3,245,000 | $ 120,000 | $ 77,000 |
| Renville County Minnesota | 25 | $ 2,755,000 | $ 110,000 | $ 74,000 |
| Lake County Minnesota | 24 | $ 4,780,000 | $ 199,000 | $ 123,000 |
| Norman County Minnesota | 19 | $ 1,985,000 | $ 104,000 | $ 86,000 |
| Carver County Minnesota | 18 | $ 4,410,000 | $ 245,000 | $ 119,000 |
| Sherburne County Minnesota | 17 | $ 3,955,000 | $ 232,000 | $ 107,000 |
| Burnett County Wisconsin | 16 | $ 2,650,000 | $ 165,000 | $ 125,000 |
| Big Stone County Minnesota | 14 | $ 2,120,000 | $ 151,000 | $ 109,000 |
| Stearns County Minnesota | 13 | $ 2,535,000 | $ 195,000 | $ 163,000 |
| Bayfield County Wisconsin | 13 | $ 1,835,000 | $ 141,000 | $ 170,000 |
| Mille Lacs County Minnesota | 12 | $ 3,120,000 | $ 260,000 | $ 170,000 |
| Barron County Wisconsin | 12 | $ 2,390,000 | $ 199,000 | $ 83,000 |
| Aitkin County Minnesota | 11 | $ 2,275,000 | $ 206,000 | $ 153,000 |
| Itasca County Minnesota | 11 | $ 2,245,000 | $ 204,000 | $ 124,000 |
| McLeod County Minnesota | 11 | $ 2,185,000 | $ 198,000 | $ 142,000 |
| Wright County Minnesota | 11 | $ 2,475,000 | $ 225,000 | $ 146,000 |
| Chippewa County Wisconsin | 11 | $ 3,155,000 | $ 286,000 | $ 246,000 |
| Washburn County Wisconsin | 10 | $ 1,900,000 | $ 190,000 | $ 123,000 |
| Waseca County Minnesota | 9 | $ 1,445,000 | $ 160,000 | $ 81,000 |
| Hubbard County Minnesota | 8 | $ 1,750,000 | $ 218,000 | $ 149,000 |
| Sibley County Minnesota | 8 | $ 1,440,000 | $ 180,000 | $ 65,000 |
| Maricopa County Arizona | 7 | $ 1,775,000 | $ 253,000 | $ 166,000 |
| Becker County Minnesota | 7 | $ 2,515,000 | $ 359,000 | $ 171,000 |
| Morrison County Minnesota | 7 | $ 875,000 | $ 125,000 | $ 155,000 |
| Olmsted County Minnesota | 7 | $ 1,525,000 | $ 217,000 | $ 174,000 |
| St. Croix County Wisconsin | 7 | $ 1,515,000 | $ 216,000 | $ 126,000 |
| Lee County Florida | 6 | $ 1,670,000 | $ 278,000 | $ 153,000 |
| Ashland County Wisconsin | 6 | $ 1,370,000 | $ 228,000 | $ 146,000 |
| Pierce County Wisconsin | 6 | $ 1,860,000 | $ 310,000 | $ 172,000 |
| Beltrami County Minnesota | 5 | $ 1,435,000 | $ 287,000 | $ 110,000 |
| Faribault County Minnesota | 5 | $ 565,000 | $ 113,000 | $ 55,000 |
| Pennington County Minnesota | 5 | $ 985,000 | $ 197,000 | $ 85,000 |
| Steele County Minnesota | 5 | $ 845,000 | $ 169,000 | $ 191,000 |
| Waukesha County Wisconsin | 5 | $ 2,995,000 | $ 599,000 | $ 568,000 |
| Cook County Minnesota | 4 | $ 1,020,000 | $ 255,000 | $ 138,000 |
| Douglas County Minnesota | 4 | $ 1,210,000 | $ 302,000 | $ 218,000 |
| Cass County North Dakota | 4 | $ 1,270,000 | $ 317,000 | $ 286,000 |
| Indian River County Florida | 3 | $ 605,000 | $ 201,000 | $ 160,000 |
| Otter Tail County Minnesota | 3 | $ 1,255,000 | $ 418,000 | $ 278,000 |
| Redwood County Minnesota | 3 | $ 655,000 | $ 218,000 | $ 118,000 |
| Wadena County Minnesota | 3 | $ 305,000 | $ 101,000 | $ 66,000 |
| Traill County North Dakota | 3 | $ 375,000 | $ 125,000 | $ 59,000 |
| Milwaukee County Wisconsin | 3 | $ 1,085,000 | $ 361,000 | $ 261,000 |
| Mohave County Arizona | 2 | $ 470,000 | $ 235,000 | $ 132,000 |
| Pima County Arizona | 2 | $ 470,000 | $ 235,000 | $ 234,000 |
| Collier County Florida | 2 | $ 620,000 | $ 310,000 | $ 375,000 |
| Okaloosa County Florida | 2 | $ 1,430,000 | $ 715,000 | $ 216,000 |
| Polk County Iowa | 2 | $ 650,000 | $ 325,000 | $ 141,000 |
| Dodge County Minnesota | 2 | $ 500,000 | $ 250,000 | $ 137,000 |
| Kandiyohi County Minnesota | 2 | $ 600,000 | $ 300,000 | $ 182,000 |
| Mahnomen County Minnesota | 2 | $ 250,000 | $ 125,000 | $ 197,000 |
| Richland County North Dakota | 2 | $ 340,000 | $ 170,000 | $ 51,000 |
| Dane County Wisconsin | 2 | $ 910,000 | $ 455,000 | $ 225,000 |
| Yavapai County Arizona | 1 | $ 355,000 | $ 355,000 | $ 61,000 |
| Orange County California | 1 | $ 545,000 | $ 545,000 | $ 179,000 |
| Arapahoe County Colorado | 1 | $ 325,000 | $ 325,000 | $ 79,000 |
| Escambia County Florida | 1 | $ 185,000 | $ 185,000 | $ 133,000 |
| Palm Beach County Florida | 1 | $ 735,000 | $ 735,000 | $ 0 |
| Pasco County Florida | 1 | $ 205,000 | $ 205,000 | $ 112,000 |
| Pinellas County Florida | 1 | $ 45,000 | $ 45,000 | $ 130,000 |
| St. Johns County Florida | 1 | $ 685,000 | $ 685,000 | $ 291,000 |
| Cerro Gordo County Iowa | 1 | $ 115,000 | $ 115,000 | $ 36,000 |
| Franklin County Iowa | 1 | $ 195,000 | $ 195,000 | $ 0 |
| Cumberland County Maine | 1 | $ 545,000 | $ 545,000 | $ 319,000 |
| Gogebic County Michigan | 1 | $ 155,000 | $ 155,000 | $ 93,000 |
| Chippewa County Minnesota | 1 | $ 605,000 | $ 605,000 | $ 0 |
| Clay County Minnesota | 1 | $ 335,000 | $ 335,000 | $ 419,000 |
| Cottonwood County Minnesota | 1 | $ 305,000 | $ 305,000 | $ 121,000 |
| Freeborn County Minnesota | 1 | $ 235,000 | $ 235,000 | $ 168,000 |
| Goodhue County Minnesota | 1 | $ 305,000 | $ 305,000 | $ 78,000 |
| Lac qui Parle County Minnesota | 1 | $ 115,000 | $ 115,000 | $ 122,000 |
| Lincoln County Minnesota | 1 | $ 45,000 | $ 45,000 | $ 116,000 |
| Martin County Minnesota | 1 | $ 195,000 | $ 195,000 | $ 124,000 |
| Meeker County Minnesota | 1 | $ 125,000 | $ 125,000 | $ 43,000 |
| Pope County Minnesota | 1 | $ 175,000 | $ 175,000 | $ 170,000 |
| Roseau County Minnesota | 1 | $ 45,000 | $ 45,000 | $ 70,000 |
| Stevens County Minnesota | 1 | $ 105,000 | $ 105,000 | $ 49,000 |
| Traverse County Minnesota | 1 | $ 105,000 | $ 105,000 | $ 121,000 |
| Winona County Minnesota | 1 | $ 315,000 | $ 315,000 | $ 138,000 |
| Cabarrus County North Carolina | 1 | $ 1,085,000 | $ 1,085,000 | $ 0 |
| Burleigh County North Dakota | 1 | $ 305,000 | $ 305,000 | $ 87,000 |
| Dickey County North Dakota | 1 | $ 135,000 | $ 135,000 | $ 76,000 |
| Walsh County North Dakota | 1 | $ 85,000 | $ 85,000 | $ 36,000 |
| Codington County South Dakota | 1 | $ 375,000 | $ 375,000 | $ 118,000 |
| Grant County South Dakota | 1 | $ 165,000 | $ 165,000 | $ 34,000 |
| Door County Wisconsin | 1 | $ 425,000 | $ 425,000 | $ 768,000 |
| Dunn County Wisconsin | 1 | $ 55,000 | $ 55,000 | $ 41,000 |
| Iron County Wisconsin | 1 | $ 205,000 | $ 205,000 | $ 159,000 |
| La Crosse County Wisconsin | 1 | $ 745,000 | $ 745,000 | $ 315,000 |
| Marathon County Wisconsin | 1 | $ 595,000 | $ 595,000 | $ 384,000 |
| Oneida County Wisconsin | 1 | $ 295,000 | $ 295,000 | $ 108,000 |
| Rock County Wisconsin | 1 | $ 155,000 | $ 155,000 | $ 116,000 |
| Trempealeau County Wisconsin | 1 | $ 885,000 | $ 885,000 | $ 407,000 |
| Walworth County Wisconsin | 1 | $ 455,000 | $ 455,000 | $ 279,000 |
| Waushara County Wisconsin | 1 | $ 115,000 | $ 115,000 | $ 56,000 |
| Wood County Wisconsin | 1 | $ 135,000 | $ 135,000 | $ 64,000 |
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 2021
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 |
|---|---|---|---|---|---|---|
| Refinancing | 1,017 | $228,655,000 | $224,000 | $2,745,000 | $130,000 | $2,196,000 |
| Home Purchase | 826 | $191,360,000 | $231,000 | $1,835,000 | $127,000 | $1,798,000 |
| Cash-out Refinancing | 554 | $111,810,000 | $201,000 | $765,000 | $101,000 | $1,065,000 |
| Other Purpose | 57 | $9,075,000 | $159,000 | $1,005,000 | $124,000 | $700,000 |
| Home Improvement | 38 | $3,140,000 | $82,000 | $405,000 | $94,000 | $365,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $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 | 2,170 | $461,540,000 | $212,000 | $1,385,000 | $119,000 | $2,196,000 |
| Not Provided | 143 | $33,345,000 | $233,000 | $1,575,000 | $140,000 | $1,798,000 |
| Not applicable | 122 | $36,080,000 | $295,000 | $2,745,000 | $0 | $0 |
| Hispanic | 23 | $3,905,000 | $169,000 | $425,000 | $126,000 | $581,000 |
| Asian | 19 | $6,505,000 | $342,000 | $1,085,000 | $203,000 | $638,000 |
| American Indian or Alaskan Native | 8 | $1,250,000 | $156,000 | $235,000 | $147,000 | $638,000 |
| Black or African American | 6 | $810,000 | $135,000 | $265,000 | $81,000 | $196,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $605,000 | $605,000 | $605,000 | $157,000 | $157,000 |
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) | 2,466 | $539,610,000 | $218,000 | $2,745,000 | $122,000 | $2,196,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 21 | $3,165,000 | $150,000 | $305,000 | $56,000 | $86,000 |
| VA-guaranteed (Veterans Administration) | 4 | $1,070,000 | $267,000 | $375,000 | $80,000 | $197,000 |
| FHA-insured (Federal Housing Administration) | 1 | $195,000 | $195,000 | $195,000 | $75,000 | $75,000 |
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 | 2,057 | $446,705,000 | $217,000 | $2,745,000 | $122,000 | $2,196,000 |
| Application Withdrawn By Applicant | 331 | $76,265,000 | $230,000 | $1,205,000 | $129,000 | $823,000 |
| Application Denied By Financial Institution | 86 | $17,810,000 | $207,000 | $1,085,000 | $76,000 | $943,000 |
| File Closed For Incompleteness | 9 | $1,975,000 | $219,000 | $505,000 | $130,000 | $360,000 |
| Application Approved But Not Accepted | 8 | $980,000 | $122,000 | $195,000 | $117,000 | $275,000 |
| Loan Purchased By The Institution | 1 | $305,000 | $305,000 | $305,000 | $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 | 2,406 | $526,230,000 | $218,000 | $2,745,000 | $123,000 | $2,196,000 |
| Debt-To-Income Ratio | 48 | $10,680,000 | $222,000 | $915,000 | $50,000 | $199,000 |
| Credit History | 16 | $2,370,000 | $148,000 | $385,000 | $74,000 | $240,000 |
| Collateral | 11 | $2,645,000 | $240,000 | $1,085,000 | $190,000 | $943,000 |
| Other | 6 | $1,200,000 | $200,000 | $345,000 | $89,000 | $225,000 |
| Employment History | 5 | $915,000 | $183,000 | $325,000 | $83,000 | $270,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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.