Frandsen Bank & Trust
Mortgage Loan Application
Totals and Details
for 2011
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 | 2014 2013 2012 2011 2010 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 988 |
| Total Mortgage Loan Application Amount | $122,977,000 |
| Average Mortgage Loan Application Amount | $100,666 |
| Highest Mortgage Loan Application Amount | $1,171,000 |
| Average Applicant Income | $79,000 |
| Highest Applicant Income | $959,000 |
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 |
|---|---|---|---|---|
| Brown County Minnesota | 107 | $ 9,657,000 | $ 90,000 | $ 59,000 |
| Grand Forks County North Dakota | 102 | $ 10,317,000 | $ 101,000 | $ 77,000 |
| St. Louis County Minnesota | 88 | $ 11,532,000 | $ 131,000 | $ 98,000 |
| Crow Wing County Minnesota | 72 | $ 15,109,000 | $ 209,000 | $ 115,000 |
| Polk County Minnesota | 70 | $ 8,202,000 | $ 117,000 | $ 89,000 |
| Rice County Minnesota | 55 | $ 6,833,000 | $ 124,000 | $ 67,000 |
| Le Sueur County Minnesota | 54 | $ 6,612,000 | $ 122,000 | $ 91,000 |
| Blue Earth County Minnesota | 50 | $ 6,787,000 | $ 135,000 | $ 79,000 |
| Scott County Minnesota | 43 | $ 5,329,000 | $ 123,000 | $ 74,000 |
| Nicollet County Minnesota | 37 | $ 4,619,000 | $ 124,000 | $ 73,000 |
| Pine County Minnesota | 35 | $ 4,359,000 | $ 124,000 | $ 70,000 |
| Carlton County Minnesota | 24 | $ 3,141,000 | $ 130,000 | $ 89,000 |
| Norman County Minnesota | 21 | $ 1,475,000 | $ 70,000 | $ 86,000 |
| Benton County Minnesota | 19 | $ 1,861,000 | $ 97,000 | $ 54,000 |
| Cass County Minnesota | 18 | $ 3,747,000 | $ 208,000 | $ 150,000 |
| Isanti County Minnesota | 14 | $ 2,474,000 | $ 176,000 | $ 57,000 |
| Renville County Minnesota | 14 | $ 1,259,000 | $ 89,000 | $ 52,000 |
| Marshall County Minnesota | 11 | $ 716,000 | $ 65,000 | $ 41,000 |
| Chisago County Minnesota | 9 | $ 1,446,000 | $ 160,000 | $ 101,000 |
| Hennepin County Minnesota | 8 | $ 1,226,000 | $ 153,000 | $ 109,000 |
| Kanabec County Minnesota | 8 | $ 731,000 | $ 91,000 | $ 58,000 |
| Dakota County Minnesota | 6 | $ 433,000 | $ 72,000 | $ 79,000 |
| Mille Lacs County Minnesota | 6 | $ 483,000 | $ 80,000 | $ 44,000 |
| Sherburne County Minnesota | 6 | $ 1,631,000 | $ 271,000 | $ 128,000 |
| Itasca County Minnesota | 5 | $ 544,000 | $ 108,000 | $ 86,000 |
| Morrison County Minnesota | 5 | $ 400,000 | $ 80,000 | $ 55,000 |
| Sibley County Minnesota | 5 | $ 889,000 | $ 177,000 | $ 69,000 |
| Steele County Minnesota | 5 | $ 560,000 | $ 112,000 | $ 64,000 |
| Washington County Minnesota | 5 | $ 531,000 | $ 106,000 | $ 100,000 |
| Anoka County Minnesota | 4 | $ 370,000 | $ 92,000 | $ 142,000 |
| Goodhue County Minnesota | 4 | $ 356,000 | $ 89,000 | $ 62,000 |
| Hubbard County Minnesota | 4 | $ 664,000 | $ 166,000 | $ 124,000 |
| Lake County Minnesota | 4 | $ 1,126,000 | $ 281,000 | $ 125,000 |
| Lake of the Woods County Minnesota | 4 | $ 219,000 | $ 54,000 | $ 160,000 |
| Ramsey County Minnesota | 4 | $ 439,000 | $ 109,000 | $ 130,000 |
| Walsh County North Dakota | 4 | $ 340,000 | $ 85,000 | $ 44,000 |
| Clay County Minnesota | 3 | $ 274,000 | $ 91,000 | $ 35,000 |
| Faribault County Minnesota | 3 | $ 292,000 | $ 97,000 | $ 112,000 |
| McLeod County Minnesota | 3 | $ 275,000 | $ 91,000 | $ 50,000 |
| Otter Tail County Minnesota | 3 | $ 564,000 | $ 188,000 | $ 114,000 |
| Redwood County Minnesota | 3 | $ 454,000 | $ 151,000 | $ 69,000 |
| Maricopa County Arizona | 2 | $ 300,000 | $ 150,000 | $ 208,000 |
| Aitkin County Minnesota | 2 | $ 455,000 | $ 227,000 | $ 145,000 |
| Becker County Minnesota | 2 | $ 305,000 | $ 152,000 | $ 113,000 |
| Beltrami County Minnesota | 2 | $ 84,000 | $ 42,000 | $ 86,000 |
| Carver County Minnesota | 2 | $ 213,000 | $ 106,000 | $ 51,000 |
| Meeker County Minnesota | 2 | $ 212,000 | $ 106,000 | $ 61,000 |
| Stearns County Minnesota | 2 | $ 162,000 | $ 81,000 | $ 26,000 |
| Waseca County Minnesota | 2 | $ 170,000 | $ 85,000 | $ 28,000 |
| Cass County North Dakota | 2 | $ 147,000 | $ 73,000 | $ 29,000 |
| Big Stone County Minnesota | 1 | $ 124,000 | $ 124,000 | $ 131,000 |
| Dodge County Minnesota | 1 | $ 120,000 | $ 120,000 | $ 92,000 |
| Douglas County Minnesota | 1 | $ 84,000 | $ 84,000 | $ 123,000 |
| Kandiyohi County Minnesota | 1 | $ 10,000 | $ 10,000 | $ 92,000 |
| Lyon County Minnesota | 1 | $ 131,000 | $ 131,000 | $ 49,000 |
| Mahnomen County Minnesota | 1 | $ 138,000 | $ 138,000 | $ 75,000 |
| Martin County Minnesota | 1 | $ 204,000 | $ 204,000 | $ 138,000 |
| Pennington County Minnesota | 1 | $ 147,000 | $ 147,000 | $ 77,000 |
| Pope County Minnesota | 1 | $ 235,000 | $ 235,000 | $ 92,000 |
| Todd County Minnesota | 1 | $ 35,000 | $ 35,000 | $ 12,000 |
| Wright County Minnesota | 1 | $ 28,000 | $ 28,000 | $ 68,000 |
| Ramsey County North Dakota | 1 | $ 60,000 | $ 60,000 | $ 78,000 |
| Richland County North Dakota | 1 | $ 97,000 | $ 97,000 | $ 42,000 |
| Douglas County Wisconsin | 1 | $ 160,000 | $ 160,000 | $ 104,000 |
| Ozaukee County Wisconsin | 1 | $ 106,000 | $ 106,000 | $ 43,000 |
| Polk County Wisconsin | 1 | $ 114,000 | $ 114,000 | $ 67,000 |
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 2011
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 | 586 | $80,307,000 | $137,000 | $1,171,000 | $83,000 | $518,000 |
| Home Purchase | 330 | $39,269,000 | $118,000 | $713,000 | $82,000 | $959,000 |
| Home Improvement | 72 | $3,401,000 | $47,000 | $300,000 | $72,000 | $368,000 |
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 | 930 | $115,780,000 | $124,000 | $882,000 | $83,000 | $959,000 |
| Not Provided | 25 | $3,676,000 | $147,000 | $417,000 | $120,000 | $500,000 |
| Not applicable | 18 | $2,455,000 | $136,000 | $1,171,000 | $0 | $0 |
| Hispanic | 8 | $442,000 | $55,000 | $114,000 | $45,000 | $92,000 |
| Asian | 3 | $196,000 | $65,000 | $74,000 | $91,000 | $135,000 |
| Black or African American | 2 | $315,000 | $157,000 | $229,000 | $66,000 | $83,000 |
| American Indian or Alaskan Native | 2 | $113,000 | $56,000 | $105,000 | $27,000 | $35,000 |
| 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) | 941 | $117,339,000 | $124,000 | $1,171,000 | $84,000 | $959,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 41 | $4,714,000 | $114,000 | $260,000 | $40,000 | $82,000 |
| FHA-insured (Federal Housing Administration) | 4 | $570,000 | $142,000 | $170,000 | $39,000 | $52,000 |
| VA-guaranteed (Veterans Administration) | 2 | $354,000 | $177,000 | $177,000 | $57,000 | $62,000 |
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 | 831 | $102,676,000 | $123,000 | $1,171,000 | $85,000 | $959,000 |
| Application Denied By Financial Institution | 74 | $8,196,000 | $110,000 | $465,000 | $55,000 | $203,000 |
| Application Withdrawn By Applicant | 44 | $6,985,000 | $158,000 | $882,000 | $82,000 | $500,000 |
| Application Approved But Not Accepted | 30 | $4,260,000 | $142,000 | $417,000 | $78,000 | $185,000 |
| Preapproval Denied by Financial Institution | 9 | $860,000 | $95,000 | $170,000 | $41,000 | $140,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $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 | 39 | $3,674,000 | $94,000 | $465,000 | $50,000 | $114,000 |
| Debt-To-Income Ratio | 25 | $3,141,000 | $125,000 | $417,000 | $53,000 | $161,000 |
| Collateral | 9 | $1,516,000 | $168,000 | $417,000 | $80,000 | $203,000 |
| Other | 4 | $262,000 | $65,000 | $137,000 | $41,000 | $81,000 |
| Employment History | 3 | $263,000 | $87,000 | $150,000 | $65,000 | $140,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $103,000 | $51,000 | $80,000 | $29,000 | $35,000 |
| Unverifiable Information | 1 | $97,000 | $97,000 | $97,000 | $40,000 | $40,000 |
| Credit Application Incomplete | 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.