Frandsen Bank & Trust
Mortgage Loan Application
Totals and Details
for 2012
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 | 1,922 |
| Total Mortgage Loan Application Amount | $263,550,000 |
| Average Mortgage Loan Application Amount | $116,333 |
| Highest Mortgage Loan Application Amount | $1,507,000 |
| Average Applicant Income | $90,000 |
| Highest Applicant Income | $3,600,000 |
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 |
|---|---|---|---|---|
| Grand Forks County North Dakota | 214 | $ 25,922,000 | $ 121,000 | $ 83,000 |
| St. Louis County Minnesota | 190 | $ 24,035,000 | $ 126,000 | $ 90,000 |
| Polk County Wisconsin | 152 | $ 15,711,000 | $ 103,000 | $ 77,000 |
| Polk County Minnesota | 142 | $ 19,904,000 | $ 140,000 | $ 80,000 |
| Brown County Minnesota | 137 | $ 15,668,000 | $ 114,000 | $ 70,000 |
| Crow Wing County Minnesota | 113 | $ 21,238,000 | $ 187,000 | $ 119,000 |
| Le Sueur County Minnesota | 106 | $ 13,569,000 | $ 128,000 | $ 72,000 |
| Rice County Minnesota | 102 | $ 14,658,000 | $ 143,000 | $ 76,000 |
| Blue Earth County Minnesota | 63 | $ 8,600,000 | $ 136,000 | $ 80,000 |
| Nicollet County Minnesota | 54 | $ 8,296,000 | $ 153,000 | $ 85,000 |
| Benton County Minnesota | 51 | $ 6,207,000 | $ 121,000 | $ 74,000 |
| Carlton County Minnesota | 50 | $ 7,601,000 | $ 152,000 | $ 111,000 |
| Scott County Minnesota | 41 | $ 6,334,000 | $ 154,000 | $ 78,000 |
| Pine County Minnesota | 31 | $ 4,361,000 | $ 140,000 | $ 60,000 |
| Chisago County Minnesota | 30 | $ 4,366,000 | $ 145,000 | $ 95,000 |
| Norman County Minnesota | 30 | $ 2,222,000 | $ 74,000 | $ 96,000 |
| Hennepin County Minnesota | 29 | $ 5,838,000 | $ 201,000 | $ 108,000 |
| Renville County Minnesota | 28 | $ 2,550,000 | $ 91,000 | $ 66,000 |
| Cass County Minnesota | 25 | $ 8,510,000 | $ 340,000 | $ 163,000 |
| Marshall County Minnesota | 25 | $ 2,646,000 | $ 105,000 | $ 76,000 |
| Burnett County Wisconsin | 24 | $ 2,556,000 | $ 106,000 | $ 75,000 |
| Anoka County Minnesota | 18 | $ 2,882,000 | $ 160,000 | $ 75,000 |
| Isanti County Minnesota | 15 | $ 1,808,000 | $ 120,000 | $ 64,000 |
| Dakota County Minnesota | 14 | $ 2,077,000 | $ 148,000 | $ 77,000 |
| Morrison County Minnesota | 13 | $ 1,561,000 | $ 120,000 | $ 79,000 |
| Kanabec County Minnesota | 12 | $ 1,164,000 | $ 97,000 | $ 54,000 |
| Mille Lacs County Minnesota | 12 | $ 1,642,000 | $ 136,000 | $ 84,000 |
| Stearns County Minnesota | 10 | $ 1,382,000 | $ 138,000 | $ 255,000 |
| Becker County Minnesota | 9 | $ 2,068,000 | $ 229,000 | $ 217,000 |
| Hubbard County Minnesota | 8 | $ 1,364,000 | $ 170,000 | $ 160,000 |
| Ramsey County Minnesota | 8 | $ 1,652,000 | $ 206,000 | $ 539,000 |
| Waseca County Minnesota | 8 | $ 1,167,000 | $ 145,000 | $ 91,000 |
| Itasca County Minnesota | 7 | $ 1,050,000 | $ 150,000 | $ 84,000 |
| Kandiyohi County Minnesota | 7 | $ 1,432,000 | $ 204,000 | $ 525,000 |
| Sherburne County Minnesota | 7 | $ 1,266,000 | $ 180,000 | $ 223,000 |
| Sibley County Minnesota | 7 | $ 723,000 | $ 103,000 | $ 66,000 |
| Lake County Minnesota | 6 | $ 1,383,000 | $ 230,000 | $ 135,000 |
| Otter Tail County Minnesota | 6 | $ 1,342,000 | $ 223,000 | $ 211,000 |
| Washington County Minnesota | 6 | $ 1,199,000 | $ 199,000 | $ 133,000 |
| Beltrami County Minnesota | 5 | $ 1,383,000 | $ 276,000 | $ 277,000 |
| Carver County Minnesota | 5 | $ 1,491,000 | $ 298,000 | $ 156,000 |
| Clay County Minnesota | 5 | $ 439,000 | $ 87,000 | $ 77,000 |
| McLeod County Minnesota | 5 | $ 661,000 | $ 132,000 | $ 55,000 |
| St. Croix County Wisconsin | 5 | $ 487,000 | $ 97,000 | $ 75,000 |
| Aitkin County Minnesota | 4 | $ 954,000 | $ 238,000 | $ 245,000 |
| Barron County Wisconsin | 4 | $ 707,000 | $ 176,000 | $ 144,000 |
| Douglas County Wisconsin | 4 | $ 305,000 | $ 76,000 | $ 73,000 |
| Faribault County Minnesota | 3 | $ 175,000 | $ 58,000 | $ 56,000 |
| Goodhue County Minnesota | 3 | $ 442,000 | $ 147,000 | $ 43,000 |
| Pennington County Minnesota | 3 | $ 230,000 | $ 76,000 | $ 58,000 |
| Watonwan County Minnesota | 3 | $ 268,000 | $ 89,000 | $ 64,000 |
| Pembina County North Dakota | 3 | $ 266,000 | $ 88,000 | $ 46,000 |
| Traill County North Dakota | 3 | $ 250,000 | $ 83,000 | $ 96,000 |
| Walsh County North Dakota | 3 | $ 121,000 | $ 40,000 | $ 44,000 |
| Lee County Florida | 2 | $ 200,000 | $ 100,000 | $ 295,000 |
| Chippewa County Minnesota | 2 | $ 234,000 | $ 117,000 | $ 326,000 |
| Clearwater County Minnesota | 2 | $ 184,000 | $ 92,000 | $ 12,000 |
| Cook County Minnesota | 2 | $ 228,000 | $ 114,000 | $ 111,000 |
| Douglas County Minnesota | 2 | $ 446,000 | $ 223,000 | $ 139,000 |
| Mahnomen County Minnesota | 2 | $ 324,000 | $ 162,000 | $ 153,000 |
| Meeker County Minnesota | 2 | $ 179,000 | $ 89,000 | $ 98,000 |
| Redwood County Minnesota | 2 | $ 177,000 | $ 88,000 | $ 78,000 |
| Roseau County Minnesota | 2 | $ 212,000 | $ 106,000 | $ 45,000 |
| Steele County Minnesota | 2 | $ 550,000 | $ 275,000 | $ 207,000 |
| Todd County Minnesota | 2 | $ 67,000 | $ 33,000 | $ 46,000 |
| Wright County Minnesota | 2 | $ 564,000 | $ 282,000 | $ 107,000 |
| Sawyer County Wisconsin | 2 | $ 369,000 | $ 184,000 | $ 153,000 |
| Maricopa County Arizona | 1 | $ 230,000 | $ 230,000 | $ 220,000 |
| Mohave County Arizona | 1 | $ 150,000 | $ 150,000 | $ 664,000 |
| Riverside County California | 1 | $ 243,000 | $ 243,000 | $ 152,000 |
| Arapahoe County Colorado | 1 | $ 185,000 | $ 185,000 | $ 58,000 |
| Polk County Iowa | 1 | $ 75,000 | $ 75,000 | $ 9,000 |
| Ontonagon County Michigan | 1 | $ 172,000 | $ 172,000 | $ 67,000 |
| Big Stone County Minnesota | 1 | $ 100,000 | $ 100,000 | $ 110,000 |
| Cottonwood County Minnesota | 1 | $ 124,000 | $ 124,000 | $ 34,000 |
| Freeborn County Minnesota | 1 | $ 278,000 | $ 278,000 | $ 137,000 |
| Koochiching County Minnesota | 1 | $ 100,000 | $ 100,000 | $ 147,000 |
| Lyon County Minnesota | 1 | $ 57,000 | $ 57,000 | $ 83,000 |
| Martin County Minnesota | 1 | $ 206,000 | $ 206,000 | $ 143,000 |
| Pipestone County Minnesota | 1 | $ 190,000 | $ 190,000 | $ 49,000 |
| Red Lake County Minnesota | 1 | $ 147,000 | $ 147,000 | $ 82,000 |
| Yellow Medicine County Minnesota | 1 | $ 60,000 | $ 60,000 | $ 51,000 |
| Benson County North Dakota | 1 | $ 269,000 | $ 269,000 | $ 207,000 |
| Cass County North Dakota | 1 | $ 80,000 | $ 80,000 | $ 42,000 |
| Morton County North Dakota | 1 | $ 115,000 | $ 115,000 | $ 62,000 |
| Nelson County North Dakota | 1 | $ 127,000 | $ 127,000 | $ 91,000 |
| Ward County North Dakota | 1 | $ 52,000 | $ 52,000 | $ 84,000 |
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 2012
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 | 1,335 | $191,179,000 | $143,000 | $1,507,000 | $90,000 | $3,600,000 |
| Home Purchase | 508 | $66,341,000 | $130,000 | $700,000 | $100,000 | $1,238,000 |
| Home Improvement | 79 | $6,030,000 | $76,000 | $400,000 | $80,000 | $428,000 |
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 | 1,834 | $249,021,000 | $135,000 | $1,507,000 | $92,000 | $3,600,000 |
| Not Provided | 46 | $6,262,000 | $136,000 | $615,000 | $163,000 | $1,238,000 |
| Not applicable | 22 | $5,805,000 | $263,000 | $1,188,000 | $0 | $0 |
| Hispanic | 9 | $1,252,000 | $139,000 | $650,000 | $84,000 | $352,000 |
| American Indian or Alaskan Native | 6 | $643,000 | $107,000 | $327,000 | $54,000 | $92,000 |
| Asian | 4 | $367,000 | $91,000 | $184,000 | $110,000 | $167,000 |
| Black or African American | 1 | $200,000 | $200,000 | $200,000 | $72,000 | $72,000 |
| 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) | 1,866 | $257,026,000 | $137,000 | $1,507,000 | $94,000 | $3,600,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 49 | $5,670,000 | $115,000 | $233,000 | $45,000 | $108,000 |
| VA-guaranteed (Veterans Administration) | 4 | $519,000 | $129,000 | $250,000 | $34,000 | $100,000 |
| FHA-insured (Federal Housing Administration) | 3 | $335,000 | $111,000 | $141,000 | $53,000 | $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 | 1,571 | $215,400,000 | $137,000 | $1,507,000 | $96,000 | $3,600,000 |
| Application Denied By Financial Institution | 178 | $22,061,000 | $123,000 | $650,000 | $63,000 | $352,000 |
| Application Withdrawn By Applicant | 101 | $14,515,000 | $143,000 | $615,000 | $84,000 | $517,000 |
| Application Approved But Not Accepted | 63 | $10,554,000 | $167,000 | $905,000 | $102,000 | $329,000 |
| Preapproval Denied by Financial Institution | 8 | $723,000 | $90,000 | $149,000 | $24,000 | $41,000 |
| File Closed For Incompleteness | 1 | $297,000 | $297,000 | $297,000 | $180,000 | $180,000 |
| 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 | 65 | $6,712,000 | $103,000 | $417,000 | $57,000 | $327,000 |
| Debt-To-Income Ratio | 65 | $8,024,000 | $123,000 | $324,000 | $50,000 | $144,000 |
| Collateral | 36 | $5,762,000 | $160,000 | $650,000 | $93,000 | $352,000 |
| Employment History | 8 | $711,000 | $88,000 | $160,000 | $43,000 | $65,000 |
| Other | 5 | $700,000 | $140,000 | $168,000 | $66,000 | $111,000 |
| Unverifiable Information | 1 | $25,000 | $25,000 | $25,000 | $42,000 | $42,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $99,000 | $99,000 | $99,000 | $34,000 | $34,000 |
| Mortgage Insurance Denied | 1 | $192,000 | $192,000 | $192,000 | $180,000 | $180,000 |
| 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.