Lake Area Bank
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 Lake Area 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 | Lake Area Bank 12790 First Ave N - Po Box 743 Lindstrom, MN 55045 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 3,220 |
| Total Mortgage Loan Application Amount | $792,260,000 |
| Average Mortgage Loan Application Amount | $197,600 |
| Highest Mortgage Loan Application Amount | $4,685,000 |
| Average Applicant Income | $109,200 |
| Highest Applicant Income | $3,585,000 |
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 |
|---|---|---|---|---|
| Hennepin County Minnesota | 850 | $ 203,730,000 | $ 239,000 | $ 100,000 |
| Ramsey County Minnesota | 629 | $ 125,535,000 | $ 199,000 | $ 86,000 |
| Anoka County Minnesota | 409 | $ 107,565,000 | $ 262,000 | $ 100,000 |
| Washington County Minnesota | 321 | $ 97,585,000 | $ 304,000 | $ 117,000 |
| Dakota County Minnesota | 320 | $ 78,820,000 | $ 246,000 | $ 94,000 |
| Chisago County Minnesota | 95 | $ 26,575,000 | $ 279,000 | $ 103,000 |
| Scott County Minnesota | 66 | $ 16,680,000 | $ 252,000 | $ 101,000 |
| Wright County Minnesota | 58 | $ 14,600,000 | $ 251,000 | $ 95,000 |
| Sherburne County Minnesota | 54 | $ 13,080,000 | $ 242,000 | $ 99,000 |
| St. Croix County Wisconsin | 42 | $ 11,530,000 | $ 274,000 | $ 146,000 |
| Carver County Minnesota | 41 | $ 12,845,000 | $ 313,000 | $ 108,000 |
| Isanti County Minnesota | 37 | $ 8,985,000 | $ 242,000 | $ 93,000 |
| Stearns County Minnesota | 31 | $ 5,665,000 | $ 182,000 | $ 69,000 |
| St. Louis County Minnesota | 16 | $ 3,760,000 | $ 235,000 | $ 159,000 |
| Polk County Wisconsin | 16 | $ 3,920,000 | $ 245,000 | $ 99,000 |
| Pine County Minnesota | 11 | $ 1,985,000 | $ 180,000 | $ 114,000 |
| Benton County Minnesota | 10 | $ 1,860,000 | $ 186,000 | $ 207,000 |
| Pierce County Wisconsin | 10 | $ 2,770,000 | $ 277,000 | $ 90,000 |
| Lee County Florida | 8 | $ 2,360,000 | $ 295,000 | $ 157,000 |
| Goodhue County Minnesota | 8 | $ 1,400,000 | $ 175,000 | $ 66,000 |
| McLeod County Minnesota | 8 | $ 1,560,000 | $ 195,000 | $ 57,000 |
| Mille Lacs County Minnesota | 8 | $ 1,160,000 | $ 145,000 | $ 56,000 |
| Rice County Minnesota | 8 | $ 2,480,000 | $ 310,000 | $ 127,000 |
| Crow Wing County Minnesota | 6 | $ 2,300,000 | $ 383,000 | $ 205,000 |
| Kanabec County Minnesota | 6 | $ 1,110,000 | $ 185,000 | $ 104,000 |
| Todd County Minnesota | 6 | $ 1,480,000 | $ 246,000 | $ 161,000 |
| Olmsted County Minnesota | 5 | $ 1,065,000 | $ 213,000 | $ 100,000 |
| Steele County Minnesota | 5 | $ 885,000 | $ 177,000 | $ 111,000 |
| Burnett County Wisconsin | 5 | $ 1,085,000 | $ 217,000 | $ 115,000 |
| Le Sueur County Minnesota | 4 | $ 920,000 | $ 230,000 | $ 61,000 |
| Sibley County Minnesota | 4 | $ 470,000 | $ 117,000 | $ 55,000 |
| Pepin County Wisconsin | 4 | $ 660,000 | $ 165,000 | $ 139,000 |
| Riverside County California | 3 | $ 1,365,000 | $ 455,000 | $ 250,000 |
| Duval County Florida | 3 | $ 745,000 | $ 248,000 | $ 95,000 |
| Pinellas County Florida | 3 | $ 1,235,000 | $ 411,000 | $ 191,000 |
| Blue Earth County Minnesota | 3 | $ 475,000 | $ 158,000 | $ 45,000 |
| Carlton County Minnesota | 3 | $ 635,000 | $ 211,000 | $ 313,000 |
| Cass County Minnesota | 3 | $ 895,000 | $ 298,000 | $ 182,000 |
| Meeker County Minnesota | 3 | $ 425,000 | $ 141,000 | $ 79,000 |
| Bayfield County Wisconsin | 3 | $ 565,000 | $ 188,000 | $ 73,000 |
| Washburn County Wisconsin | 3 | $ 655,000 | $ 218,000 | $ 127,000 |
| Fresno County California | 2 | $ 370,000 | $ 185,000 | $ 134,000 |
| Charlotte County Florida | 2 | $ 650,000 | $ 325,000 | $ 1,974,000 |
| Collier County Florida | 2 | $ 290,000 | $ 145,000 | $ 137,000 |
| Clinton County Iowa | 2 | $ 270,000 | $ 135,000 | $ 93,000 |
| Polk County Iowa | 2 | $ 4,850,000 | $ 2,425,000 | $ 81,000 |
| Montgomery County Maryland | 2 | $ 790,000 | $ 395,000 | $ 76,000 |
| Aitkin County Minnesota | 2 | $ 310,000 | $ 155,000 | $ 123,000 |
| Chippewa County Minnesota | 2 | $ 400,000 | $ 200,000 | $ 165,000 |
| Douglas County Minnesota | 2 | $ 410,000 | $ 205,000 | $ 109,000 |
| Kandiyohi County Minnesota | 2 | $ 300,000 | $ 150,000 | $ 40,000 |
| Morrison County Minnesota | 2 | $ 230,000 | $ 115,000 | $ 70,000 |
| Nobles County Minnesota | 2 | $ 180,000 | $ 90,000 | $ 35,000 |
| Pierce County Washington | 2 | $ 650,000 | $ 325,000 | $ 80,000 |
| Anchorage County Alaska | 1 | $ 265,000 | $ 265,000 | $ 181,000 |
| Maricopa County Arizona | 1 | $ 365,000 | $ 365,000 | $ 84,000 |
| Kern County California | 1 | $ 95,000 | $ 95,000 | $ 96,000 |
| Larimer County Colorado | 1 | $ 275,000 | $ 275,000 | $ 128,000 |
| Mesa County Colorado | 1 | $ 205,000 | $ 205,000 | $ 159,000 |
| Park County Colorado | 1 | $ 275,000 | $ 275,000 | $ 408,000 |
| Escambia County Florida | 1 | $ 545,000 | $ 545,000 | $ 190,000 |
| Indian River County Florida | 1 | $ 285,000 | $ 285,000 | $ 91,000 |
| Martin County Florida | 1 | $ 185,000 | $ 185,000 | $ 190,000 |
| Osceola County Florida | 1 | $ 295,000 | $ 295,000 | $ 188,000 |
| Pasco County Florida | 1 | $ 225,000 | $ 225,000 | $ 58,000 |
| Cobb County Georgia | 1 | $ 155,000 | $ 155,000 | $ 50,000 |
| DeKalb County Georgia | 1 | $ 265,000 | $ 265,000 | $ 297,000 |
| Champaign County Illinois | 1 | $ 115,000 | $ 115,000 | $ 188,000 |
| DeKalb County Illinois | 1 | $ 545,000 | $ 545,000 | $ 98,000 |
| Jo Daviess County Illinois | 1 | $ 485,000 | $ 485,000 | $ 373,000 |
| Lake County Illinois | 1 | $ 415,000 | $ 415,000 | $ 106,000 |
| Scott County Iowa | 1 | $ 75,000 | $ 75,000 | $ 138,000 |
| Johnson County Kansas | 1 | $ 235,000 | $ 235,000 | $ 95,000 |
| Saginaw County Michigan | 1 | $ 355,000 | $ 355,000 | $ 138,000 |
| Wayne County Michigan | 1 | $ 105,000 | $ 105,000 | $ 130,000 |
| Clay County Minnesota | 1 | $ 115,000 | $ 115,000 | $ 106,000 |
| Cook County Minnesota | 1 | $ 185,000 | $ 185,000 | $ 109,000 |
| Fillmore County Minnesota | 1 | $ 135,000 | $ 135,000 | $ 140,000 |
| Freeborn County Minnesota | 1 | $ 85,000 | $ 85,000 | $ 42,000 |
| Hubbard County Minnesota | 1 | $ 165,000 | $ 165,000 | $ 75,000 |
| Itasca County Minnesota | 1 | $ 505,000 | $ 505,000 | $ 122,000 |
| Lake County Minnesota | 1 | $ 65,000 | $ 65,000 | $ 189,000 |
| Mower County Minnesota | 1 | $ 165,000 | $ 165,000 | $ 49,000 |
| Nicollet County Minnesota | 1 | $ 175,000 | $ 175,000 | $ 60,000 |
| Otter Tail County Minnesota | 1 | $ 545,000 | $ 545,000 | $ 166,000 |
| Renville County Minnesota | 1 | $ 105,000 | $ 105,000 | $ 36,000 |
| Roseau County Minnesota | 1 | $ 165,000 | $ 165,000 | $ 144,000 |
| Wabasha County Minnesota | 1 | $ 435,000 | $ 435,000 | $ 116,000 |
| Wadena County Minnesota | 1 | $ 175,000 | $ 175,000 | $ 74,000 |
| Waseca County Minnesota | 1 | $ 275,000 | $ 275,000 | $ 77,000 |
| Winona County Minnesota | 1 | $ 115,000 | $ 115,000 | $ 102,000 |
| Yellow Medicine County Minnesota | 1 | $ 95,000 | $ 95,000 | $ 66,000 |
| Clay County Missouri | 1 | $ 535,000 | $ 535,000 | $ 100,000 |
| Carbon County Montana | 1 | $ 545,000 | $ 545,000 | $ 190,000 |
| Nye County Nevada | 1 | $ 155,000 | $ 155,000 | $ 78,000 |
| Washoe County Nevada | 1 | $ 405,000 | $ 405,000 | $ 111,000 |
| Essex County New Jersey | 1 | $ 295,000 | $ 295,000 | $ 92,000 |
| Bernalillo County New Mexico | 1 | $ 275,000 | $ 275,000 | $ 122,000 |
| Warren County Ohio | 1 | $ 445,000 | $ 445,000 | $ 350,000 |
| Creek County Oklahoma | 1 | $ 155,000 | $ 155,000 | $ 114,000 |
| Beaufort County South Carolina | 1 | $ 245,000 | $ 245,000 | $ 276,000 |
| Bexar County Texas | 1 | $ 305,000 | $ 305,000 | $ 88,000 |
| Denton County Texas | 1 | $ 395,000 | $ 395,000 | $ 169,000 |
| Galveston County Texas | 1 | $ 545,000 | $ 545,000 | $ 109,000 |
| Nueces County Texas | 1 | $ 275,000 | $ 275,000 | $ 86,000 |
| Salt Lake County Utah | 1 | $ 445,000 | $ 445,000 | $ 161,000 |
| Summit County Utah | 1 | $ 815,000 | $ 815,000 | $ 572,000 |
| Weber County Utah | 1 | $ 405,000 | $ 405,000 | $ 168,000 |
| King County Washington | 1 | $ 325,000 | $ 325,000 | $ 105,000 |
| Adams County Wisconsin | 1 | $ 415,000 | $ 415,000 | $ 108,000 |
| Brown County Wisconsin | 1 | $ 345,000 | $ 345,000 | $ 137,000 |
| Chippewa County Wisconsin | 1 | $ 435,000 | $ 435,000 | $ 59,000 |
| Dane County Wisconsin | 1 | $ 415,000 | $ 415,000 | $ 223,000 |
| Dodge County Wisconsin | 1 | $ 305,000 | $ 305,000 | $ 122,000 |
| Douglas County Wisconsin | 1 | $ 195,000 | $ 195,000 | $ 54,000 |
| Dunn County Wisconsin | 1 | $ 235,000 | $ 235,000 | $ 62,000 |
| Kenosha County Wisconsin | 1 | $ 295,000 | $ 295,000 | $ 76,000 |
| Ozaukee County Wisconsin | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Sawyer County Wisconsin | 1 | $ 215,000 | $ 215,000 | $ 187,000 |
| Waukesha County Wisconsin | 1 | $ 225,000 | $ 225,000 | $ 91,000 |
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 Lake Area Bank 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 2,047 | $499,795,000 | $244,000 | $4,685,000 | $94,000 | $3,585,000 |
| Refinancing | 718 | $182,640,000 | $254,000 | $1,505,000 | $115,000 | $1,170,000 |
| Cash-out Refinancing | 407 | $104,925,000 | $257,000 | $755,000 | $117,000 | $720,000 |
| Home Improvement | 32 | $2,320,000 | $72,000 | $615,000 | $89,000 | $234,000 |
| Other Purpose | 16 | $2,580,000 | $161,000 | $405,000 | $131,000 | $473,000 |
| 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 | 1,637 | $435,775,000 | $266,000 | $1,505,000 | $120,000 | $3,585,000 |
| Hispanic | 512 | $94,320,000 | $184,000 | $1,505,000 | $59,000 | $300,000 |
| Not Provided | 487 | $120,735,000 | $247,000 | $1,205,000 | $99,000 | $723,000 |
| Asian | 275 | $68,935,000 | $250,000 | $825,000 | $86,000 | $567,000 |
| Black or African American | 252 | $51,130,000 | $202,000 | $885,000 | $91,000 | $1,170,000 |
| Not applicable | 38 | $16,690,000 | $439,000 | $4,685,000 | $0 | $0 |
| American Indian or Alaskan Native | 16 | $4,070,000 | $254,000 | $545,000 | $86,000 | $182,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $365,000 | $365,000 | $365,000 | $91,000 | $91,000 |
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) | 2,706 | $652,920,000 | $241,000 | $4,685,000 | $108,000 | $3,585,000 |
| FHA-insured (Federal Housing Administration) | 468 | $122,760,000 | $262,000 | $455,000 | $65,000 | $402,000 |
| VA-guaranteed (Veterans Administration) | 41 | $15,285,000 | $372,000 | $1,165,000 | $105,000 | $336,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 5 | $1,295,000 | $259,000 | $355,000 | $68,000 | $81,000 |
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 | 2,825 | $692,035,000 | $244,000 | $4,685,000 | $100,000 | $2,194,000 |
| Application Withdrawn By Applicant | 296 | $76,650,000 | $258,000 | $1,505,000 | $126,000 | $3,585,000 |
| Application Denied By Financial Institution | 89 | $19,365,000 | $217,000 | $935,000 | $81,000 | $723,000 |
| Application Approved But Not Accepted | 10 | $4,210,000 | $421,000 | $985,000 | $172,000 | $572,000 |
| 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 | 3,131 | $772,895,000 | $246,000 | $4,685,000 | $102,000 | $3,585,000 |
| Debt-To-Income Ratio | 32 | $6,490,000 | $202,000 | $605,000 | $52,000 | $116,000 |
| Collateral | 24 | $5,510,000 | $229,000 | $935,000 | $90,000 | $723,000 |
| Credit History | 20 | $4,630,000 | $231,000 | $425,000 | $115,000 | $379,000 |
| Other | 7 | $1,165,000 | $166,000 | $295,000 | $67,000 | $125,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $1,570,000 | $261,000 | $415,000 | $93,000 | $188,000 |
| 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 |
| Employment History | 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.