Hometown Bank
Mortgage Loan Application
Totals and Details
for 2020
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 Hometown Bank.
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 | Hometown Bank 1000 East Cook Street Redwood Falls, MN 56283 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2022 2021 2020 2019 |
| Total Number of Mortgage Applications | 1,430 |
| Total Mortgage Loan Application Amount | $301,200,000 |
| Average Mortgage Loan Application Amount | $154,400 |
| Highest Mortgage Loan Application Amount | $1,545,000 |
| Average Applicant Income | $121,800 |
| Highest Applicant Income | $946,000 |
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 |
|---|---|---|---|---|
| Carver County Minnesota | 254 | $ 65,690,000 | $ 258,000 | $ 154,000 |
| Scott County Minnesota | 142 | $ 34,320,000 | $ 241,000 | $ 137,000 |
| Renville County Minnesota | 105 | $ 14,585,000 | $ 138,000 | $ 98,000 |
| Hennepin County Minnesota | 104 | $ 31,370,000 | $ 301,000 | $ 160,000 |
| Redwood County Minnesota | 96 | $ 13,030,000 | $ 135,000 | $ 96,000 |
| Le Sueur County Minnesota | 58 | $ 11,880,000 | $ 204,000 | $ 127,000 |
| McLeod County Minnesota | 56 | $ 9,950,000 | $ 177,000 | $ 96,000 |
| Nicollet County Minnesota | 49 | $ 10,275,000 | $ 209,000 | $ 122,000 |
| Martin County Minnesota | 47 | $ 8,805,000 | $ 187,000 | $ 113,000 |
| Blue Earth County Minnesota | 44 | $ 8,940,000 | $ 203,000 | $ 113,000 |
| Faribault County Minnesota | 41 | $ 5,125,000 | $ 125,000 | $ 91,000 |
| Steele County Minnesota | 32 | $ 6,070,000 | $ 189,000 | $ 156,000 |
| Dodge County Minnesota | 31 | $ 5,485,000 | $ 176,000 | $ 99,000 |
| Sibley County Minnesota | 23 | $ 4,515,000 | $ 196,000 | $ 110,000 |
| Brown County Minnesota | 22 | $ 2,620,000 | $ 119,000 | $ 75,000 |
| Dakota County Minnesota | 21 | $ 6,385,000 | $ 304,000 | $ 152,000 |
| Kandiyohi County Minnesota | 21 | $ 4,785,000 | $ 227,000 | $ 133,000 |
| Mower County Minnesota | 20 | $ 2,590,000 | $ 129,000 | $ 77,000 |
| Watonwan County Minnesota | 20 | $ 3,280,000 | $ 164,000 | $ 95,000 |
| Lyon County Minnesota | 19 | $ 2,405,000 | $ 126,000 | $ 70,000 |
| Freeborn County Minnesota | 15 | $ 2,435,000 | $ 162,000 | $ 101,000 |
| Wright County Minnesota | 14 | $ 4,500,000 | $ 321,000 | $ 210,000 |
| Anoka County Minnesota | 13 | $ 3,375,000 | $ 259,000 | $ 143,000 |
| Ramsey County Minnesota | 12 | $ 2,840,000 | $ 236,000 | $ 147,000 |
| Murray County Minnesota | 9 | $ 1,195,000 | $ 132,000 | $ 102,000 |
| Crow Wing County Minnesota | 8 | $ 1,650,000 | $ 206,000 | $ 131,000 |
| Douglas County Minnesota | 7 | $ 1,655,000 | $ 236,000 | $ 135,000 |
| Otter Tail County Minnesota | 7 | $ 1,785,000 | $ 255,000 | $ 176,000 |
| Rice County Minnesota | 7 | $ 1,515,000 | $ 216,000 | $ 111,000 |
| Stearns County Minnesota | 7 | $ 1,815,000 | $ 259,000 | $ 146,000 |
| Waseca County Minnesota | 7 | $ 1,135,000 | $ 162,000 | $ 97,000 |
| Goodhue County Minnesota | 6 | $ 1,290,000 | $ 215,000 | $ 133,000 |
| Pope County Minnesota | 6 | $ 900,000 | $ 150,000 | $ 124,000 |
| Isanti County Minnesota | 5 | $ 1,285,000 | $ 257,000 | $ 97,000 |
| Meeker County Minnesota | 5 | $ 665,000 | $ 133,000 | $ 103,000 |
| Swift County Minnesota | 5 | $ 1,045,000 | $ 209,000 | $ 173,000 |
| Washington County Minnesota | 5 | $ 1,535,000 | $ 307,000 | $ 195,000 |
| Minnehaha County South Dakota | 5 | $ 1,765,000 | $ 353,000 | $ 255,000 |
| Cass County Minnesota | 4 | $ 1,150,000 | $ 287,000 | $ 286,000 |
| Cottonwood County Minnesota | 4 | $ 930,000 | $ 232,000 | $ 95,000 |
| Lincoln County Minnesota | 4 | $ 710,000 | $ 177,000 | $ 84,000 |
| Morrison County Minnesota | 4 | $ 610,000 | $ 152,000 | $ 179,000 |
| Nobles County Minnesota | 4 | $ 780,000 | $ 195,000 | $ 76,000 |
| Aitkin County Minnesota | 3 | $ 715,000 | $ 238,000 | $ 221,000 |
| Grant County Minnesota | 3 | $ 375,000 | $ 125,000 | $ 74,000 |
| Olmsted County Minnesota | 3 | $ 795,000 | $ 265,000 | $ 80,000 |
| Sherburne County Minnesota | 3 | $ 765,000 | $ 255,000 | $ 98,000 |
| Beltrami County Minnesota | 2 | $ 320,000 | $ 160,000 | $ 76,000 |
| Fillmore County Minnesota | 2 | $ 340,000 | $ 170,000 | $ 76,000 |
| Jackson County Minnesota | 2 | $ 300,000 | $ 150,000 | $ 139,000 |
| Stevens County Minnesota | 2 | $ 260,000 | $ 130,000 | $ 74,000 |
| Wabasha County Minnesota | 2 | $ 590,000 | $ 295,000 | $ 256,000 |
| Yellow Medicine County Minnesota | 2 | $ 330,000 | $ 165,000 | $ 114,000 |
| Greenville County South Carolina | 2 | $ 310,000 | $ 155,000 | $ 86,000 |
| Barron County Wisconsin | 2 | $ 460,000 | $ 230,000 | $ 222,000 |
| Collier County Florida | 1 | $ 485,000 | $ 485,000 | $ 357,000 |
| Lee County Florida | 1 | $ 125,000 | $ 125,000 | $ 117,000 |
| Dickinson County Iowa | 1 | $ 455,000 | $ 455,000 | $ 243,000 |
| Emmet County Iowa | 1 | $ 145,000 | $ 145,000 | $ 132,000 |
| Mitchell County Iowa | 1 | $ 135,000 | $ 135,000 | $ 135,000 |
| Story County Iowa | 1 | $ 345,000 | $ 345,000 | $ 256,000 |
| Winnebago County Iowa | 1 | $ 265,000 | $ 265,000 | $ 78,000 |
| Big Stone County Minnesota | 1 | $ 185,000 | $ 185,000 | $ 137,000 |
| Chisago County Minnesota | 1 | $ 285,000 | $ 285,000 | $ 103,000 |
| Hubbard County Minnesota | 1 | $ 225,000 | $ 225,000 | $ 142,000 |
| Itasca County Minnesota | 1 | $ 135,000 | $ 135,000 | $ 144,000 |
| Lac qui Parle County Minnesota | 1 | $ 125,000 | $ 125,000 | $ 74,000 |
| Mille Lacs County Minnesota | 1 | $ 105,000 | $ 105,000 | $ 22,000 |
| Rock County Minnesota | 1 | $ 165,000 | $ 165,000 | $ 91,000 |
| St. Louis County Minnesota | 1 | $ 95,000 | $ 95,000 | $ 48,000 |
| Todd County Minnesota | 1 | $ 315,000 | $ 315,000 | $ 122,000 |
| Winona County Minnesota | 1 | $ 215,000 | $ 215,000 | $ 76,000 |
| Williams County North Dakota | 1 | $ 505,000 | $ 505,000 | $ 451,000 |
| Lake County South Dakota | 1 | $ 275,000 | $ 275,000 | $ 156,000 |
| Lincoln County South Dakota | 1 | $ 155,000 | $ 155,000 | $ 53,000 |
| St. Croix County Wisconsin | 1 | $ 415,000 | $ 415,000 | $ 163,000 |
| Washburn County Wisconsin | 1 | $ 65,000 | $ 65,000 | $ 0 |
| Weston County Wyoming | 1 | $ 465,000 | $ 465,000 | $ 216,000 |
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 Hometown Bank in 2020
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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 544 | $117,710,000 | $216,000 | $1,055,000 | $128,000 | $726,000 |
| Refinancing | 526 | $114,600,000 | $217,000 | $1,545,000 | $137,000 | $946,000 |
| Home Purchase | 334 | $66,720,000 | $199,000 | $1,245,000 | $109,000 | $754,000 |
| Other Purpose | 18 | $1,890,000 | $105,000 | $595,000 | $135,000 | $396,000 |
| Home Improvement | 8 | $280,000 | $35,000 | $55,000 | $100,000 | $234,000 |
| 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 | 1,368 | $287,770,000 | $210,000 | $1,545,000 | $127,000 | $946,000 |
| Not Provided | 30 | $6,410,000 | $213,000 | $465,000 | $138,000 | $496,000 |
| Hispanic | 15 | $2,515,000 | $167,000 | $435,000 | $71,000 | $163,000 |
| Not applicable | 7 | $2,235,000 | $319,000 | $1,055,000 | $0 | $0 |
| Black or African American | 6 | $1,270,000 | $211,000 | $325,000 | $109,000 | $182,000 |
| American Indian or Alaskan Native | 2 | $640,000 | $320,000 | $485,000 | $443,000 | $754,000 |
| Asian | 2 | $360,000 | $180,000 | $295,000 | $71,000 | $93,000 |
| 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) | 1,430 | $301,200,000 | $210,000 | $1,545,000 | $127,000 | $946,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 1,173 | $247,245,000 | $210,000 | $1,245,000 | $133,000 | $754,000 |
| Application Denied By Financial Institution | 127 | $23,505,000 | $185,000 | $1,545,000 | $82,000 | $946,000 |
| Application Withdrawn By Applicant | 80 | $17,880,000 | $223,000 | $515,000 | $117,000 | $357,000 |
| Application Approved But Not Accepted | 50 | $12,570,000 | $251,000 | $955,000 | $117,000 | $263,000 |
| 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 |
| 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 | 1,303 | $277,695,000 | $213,000 | $1,245,000 | $131,000 | $754,000 |
| Debt-To-Income Ratio | 59 | $10,825,000 | $183,000 | $515,000 | $71,000 | $424,000 |
| Credit History | 42 | $7,080,000 | $168,000 | $515,000 | $77,000 | $232,000 |
| Other | 16 | $4,040,000 | $252,000 | $1,545,000 | $145,000 | $946,000 |
| Employment History | 5 | $675,000 | $135,000 | $515,000 | $89,000 | $276,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $190,000 | $95,000 | $125,000 | $37,000 | $38,000 |
| Collateral | 2 | $500,000 | $250,000 | $295,000 | $92,000 | $93,000 |
| Unverifiable Information | 1 | $195,000 | $195,000 | $195,000 | $62,000 | $62,000 |
| 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.