Lake Area Bank
HMDA Loan Application Totals
and Mortgage Lending Details
for 2021
Lake Area Bank 2021 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| 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 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2021 with Lake Area Bank. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Lake Area Bank's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2021 breaks down Lake Area Bank's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Lake Area Bank serves its applicants.
Each category highlights the total number of mortgage applications processed by Lake Area Bank, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Lake Area Bank's mortgage activity for 2021.
| 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 |
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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Lake Area Bank's 2021 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Lake Area Bank's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Minnesota, download the full spreadsheet
with aggregated HMDA statistics today.