Merchants Bank, National Association
Mortgage Loan Application
Totals and Details
for 2003
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 Merchants Bank, National Association.
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 | Merchants Bank, National Association 102 East Third Street Winona, MN 55987 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 8,967 |
| Total Mortgage Loan Application Amount | $968,877,000 |
| Average Mortgage Loan Application Amount | $120,892 |
| Highest Mortgage Loan Application Amount | $869,000 |
| Average Applicant Income | $59,214 |
| Highest Applicant Income | $1,106,000 |
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 |
|---|---|---|---|---|
| Winona County Minnesota | 1,231 | $ 132,237,000 | $ 107,000 | $ 46,000 |
| La Crosse County Wisconsin | 509 | $ 54,568,000 | $ 107,000 | $ 74,000 |
| Houston County Minnesota | 459 | $ 47,040,000 | $ 102,000 | $ 60,000 |
| Olmsted County Minnesota | 406 | $ 51,503,000 | $ 126,000 | $ 56,000 |
| Blue Earth County Minnesota | 284 | $ 34,178,000 | $ 120,000 | $ 71,000 |
| Trempealeau County Wisconsin | 241 | $ 23,526,000 | $ 97,000 | $ 53,000 |
| Rice County Minnesota | 230 | $ 29,135,000 | $ 126,000 | $ 49,000 |
| Koochiching County Minnesota | 205 | $ 17,754,000 | $ 86,000 | $ 45,000 |
| Fillmore County Minnesota | 203 | $ 22,260,000 | $ 109,000 | $ 50,000 |
| Monroe County Wisconsin | 156 | $ 15,297,000 | $ 98,000 | $ 52,000 |
| Douglas County Minnesota | 151 | $ 19,167,000 | $ 126,000 | $ 66,000 |
| Nobles County Minnesota | 145 | $ 11,672,000 | $ 80,000 | $ 49,000 |
| Goodhue County Minnesota | 137 | $ 17,274,000 | $ 126,000 | $ 49,000 |
| Nicollet County Minnesota | 137 | $ 15,323,000 | $ 111,000 | $ 53,000 |
| Wright County Minnesota | 137 | $ 18,972,000 | $ 138,000 | $ 59,000 |
| Cass County North Dakota | 133 | $ 15,135,000 | $ 113,000 | $ 79,000 |
| Dodge County Minnesota | 124 | $ 15,978,000 | $ 128,000 | $ 64,000 |
| Steele County Minnesota | 123 | $ 13,932,000 | $ 113,000 | $ 56,000 |
| Wabasha County Minnesota | 119 | $ 15,175,000 | $ 127,000 | $ 51,000 |
| Mower County Minnesota | 114 | $ 12,071,000 | $ 105,000 | $ 52,000 |
| Roseau County Minnesota | 113 | $ 9,397,000 | $ 83,000 | $ 56,000 |
| Washington County Iowa | 112 | $ 12,328,000 | $ 110,000 | $ 56,000 |
| Dakota County Minnesota | 103 | $ 14,624,000 | $ 141,000 | $ 75,000 |
| Buffalo County Wisconsin | 102 | $ 11,015,000 | $ 107,000 | $ 46,000 |
| Kanabec County Minnesota | 100 | $ 11,518,000 | $ 115,000 | $ 57,000 |
| Winneshiek County Iowa | 99 | $ 11,773,000 | $ 118,000 | $ 69,000 |
| Kandiyohi County Minnesota | 98 | $ 11,315,000 | $ 115,000 | $ 109,000 |
| Clay County Minnesota | 97 | $ 9,565,000 | $ 98,000 | $ 59,000 |
| Barron County Wisconsin | 94 | $ 10,059,000 | $ 107,000 | $ 87,000 |
| Lake of the Woods County Minnesota | 89 | $ 8,629,000 | $ 96,000 | $ 69,000 |
| Hubbard County Minnesota | 88 | $ 10,542,000 | $ 119,000 | $ 67,000 |
| St. Louis County Minnesota | 86 | $ 9,373,000 | $ 108,000 | $ 68,000 |
| Otter Tail County Minnesota | 75 | $ 7,979,000 | $ 106,000 | $ 56,000 |
| Grand Forks County North Dakota | 74 | $ 8,855,000 | $ 119,000 | $ 73,000 |
| Jackson County Minnesota | 72 | $ 5,130,000 | $ 71,000 | $ 44,000 |
| Faribault County Minnesota | 69 | $ 5,652,000 | $ 81,000 | $ 46,000 |
| Walsh County North Dakota | 67 | $ 4,499,000 | $ 67,000 | $ 42,000 |
| Cottonwood County Minnesota | 63 | $ 4,933,000 | $ 78,000 | $ 43,000 |
| Madison County Iowa | 62 | $ 7,458,000 | $ 120,000 | $ 57,000 |
| Vernon County Wisconsin | 59 | $ 5,566,000 | $ 94,000 | $ 65,000 |
| Brown County Minnesota | 57 | $ 5,399,000 | $ 94,000 | $ 54,000 |
| Waseca County Minnesota | 57 | $ 5,488,000 | $ 96,000 | $ 45,000 |
| Lyon County Minnesota | 54 | $ 4,584,000 | $ 84,000 | $ 40,000 |
| Polk County Minnesota | 54 | $ 4,156,000 | $ 76,000 | $ 54,000 |
| Sibley County Minnesota | 49 | $ 4,575,000 | $ 93,000 | $ 39,000 |
| Ward County North Dakota | 49 | $ 4,392,000 | $ 89,000 | $ 67,000 |
| Pennington County South Dakota | 49 | $ 5,392,000 | $ 110,000 | $ 69,000 |
| Henry County Iowa | 48 | $ 4,137,000 | $ 86,000 | $ 57,000 |
| Eau Claire County Wisconsin | 48 | $ 5,603,000 | $ 116,000 | $ 49,000 |
| Lawrence County South Dakota | 44 | $ 5,958,000 | $ 135,000 | $ 52,000 |
| Hennepin County Minnesota | 43 | $ 6,446,000 | $ 149,000 | $ 77,000 |
| Stark County North Dakota | 41 | $ 2,918,000 | $ 71,000 | $ 118,000 |
| Hancock County Iowa | 40 | $ 3,162,000 | $ 79,000 | $ 55,000 |
| Ramsey County North Dakota | 40 | $ 2,954,000 | $ 73,000 | $ 85,000 |
| Allamakee County Iowa | 36 | $ 2,890,000 | $ 80,000 | $ 42,000 |
| Fayette County Iowa | 36 | $ 3,064,000 | $ 85,000 | $ 78,000 |
| Becker County Minnesota | 36 | $ 4,722,000 | $ 131,000 | $ 91,000 |
| Martin County Minnesota | 36 | $ 3,071,000 | $ 85,000 | $ 48,000 |
| Freeborn County Minnesota | 34 | $ 3,368,000 | $ 99,000 | $ 44,000 |
| Grant County Wisconsin | 34 | $ 2,737,000 | $ 80,000 | $ 50,000 |
| Pennington County Minnesota | 33 | $ 2,452,000 | $ 74,000 | $ 48,000 |
| Iowa County Wisconsin | 31 | $ 2,376,000 | $ 76,000 | $ 52,000 |
| Le Sueur County Minnesota | 30 | $ 4,611,000 | $ 153,000 | $ 86,000 |
| Meade County South Dakota | 30 | $ 3,588,000 | $ 119,000 | $ 54,000 |
| Jackson County Wisconsin | 30 | $ 2,955,000 | $ 98,000 | $ 42,000 |
| Louisa County Iowa | 29 | $ 3,200,000 | $ 110,000 | $ 47,000 |
| Juneau County Wisconsin | 27 | $ 2,357,000 | $ 87,000 | $ 46,000 |
| Story County Iowa | 26 | $ 2,697,000 | $ 103,000 | $ 45,000 |
| Washington County Minnesota | 26 | $ 3,822,000 | $ 147,000 | $ 67,000 |
| Jones County Iowa | 25 | $ 2,317,000 | $ 92,000 | $ 56,000 |
| Des Moines County Iowa | 24 | $ 2,772,000 | $ 115,000 | $ 63,000 |
| Redwood County Minnesota | 24 | $ 1,406,000 | $ 58,000 | $ 41,000 |
| Custer County South Dakota | 21 | $ 2,693,000 | $ 128,000 | $ 58,000 |
| Pembina County North Dakota | 20 | $ 1,510,000 | $ 75,000 | $ 56,000 |
| Polk County Wisconsin | 20 | $ 2,534,000 | $ 126,000 | $ 92,000 |
| Greene County Iowa | 19 | $ 2,187,000 | $ 115,000 | $ 76,000 |
| Marshall County Minnesota | 16 | $ 1,199,000 | $ 74,000 | $ 41,000 |
| Butte County South Dakota | 16 | $ 1,449,000 | $ 90,000 | $ 45,000 |
| Fall River County South Dakota | 16 | $ 1,602,000 | $ 100,000 | $ 41,000 |
| Sauk County Wisconsin | 16 | $ 1,396,000 | $ 87,000 | $ 50,000 |
| Isanti County Minnesota | 15 | $ 2,292,000 | $ 152,000 | $ 69,000 |
| Murray County Minnesota | 15 | $ 1,352,000 | $ 90,000 | $ 63,000 |
| Polk County Iowa | 14 | $ 1,967,000 | $ 140,000 | $ 66,000 |
| Cass County Minnesota | 14 | $ 1,802,000 | $ 128,000 | $ 107,000 |
| Crawford County Wisconsin | 14 | $ 1,105,000 | $ 78,000 | $ 52,000 |
| Mitchell County Iowa | 13 | $ 1,037,000 | $ 79,000 | $ 51,000 |
| Hardin County Iowa | 12 | $ 896,000 | $ 74,000 | $ 57,000 |
| Anoka County Minnesota | 12 | $ 1,703,000 | $ 141,000 | $ 60,000 |
| Benton County Iowa | 11 | $ 1,136,000 | $ 103,000 | $ 36,000 |
| Johnson County Iowa | 11 | $ 1,740,000 | $ 158,000 | $ 82,000 |
| Linn County Iowa | 11 | $ 1,165,000 | $ 105,000 | $ 47,000 |
| Crow Wing County Minnesota | 11 | $ 2,209,000 | $ 200,000 | $ 163,000 |
| Ramsey County Minnesota | 11 | $ 1,846,000 | $ 167,000 | $ 95,000 |
| Chippewa County Wisconsin | 11 | $ 1,121,000 | $ 101,000 | $ 43,000 |
| Black Hawk County Iowa | 10 | $ 1,132,000 | $ 113,000 | $ 69,000 |
| Stutsman County North Dakota | 10 | $ 831,000 | $ 83,000 | $ 42,000 |
| Union County South Dakota | 10 | $ 1,486,000 | $ 148,000 | $ 58,000 |
| Pierce County Wisconsin | 10 | $ 1,302,000 | $ 130,000 | $ 54,000 |
| Howard County Iowa | 9 | $ 678,000 | $ 75,000 | $ 56,000 |
| Stearns County Minnesota | 9 | $ 835,000 | $ 92,000 | $ 75,000 |
| Dane County Wisconsin | 9 | $ 1,304,000 | $ 144,000 | $ 74,000 |
| Sawyer County Wisconsin | 9 | $ 1,694,000 | $ 188,000 | $ 175,000 |
| Bremer County Iowa | 8 | $ 655,000 | $ 81,000 | $ 53,000 |
| Cerro Gordo County Iowa | 8 | $ 929,000 | $ 116,000 | $ 68,000 |
| Lincoln County Minnesota | 8 | $ 662,000 | $ 82,000 | $ 51,000 |
| Meeker County Minnesota | 8 | $ 924,000 | $ 115,000 | $ 43,000 |
| Pope County Minnesota | 8 | $ 873,000 | $ 109,000 | $ 49,000 |
| Scott County Minnesota | 8 | $ 1,486,000 | $ 185,000 | $ 63,000 |
| Crook County Wyoming | 8 | $ 1,283,000 | $ 160,000 | $ 67,000 |
| Chickasaw County Iowa | 7 | $ 565,000 | $ 80,000 | $ 53,000 |
| Dallas County Iowa | 7 | $ 1,033,000 | $ 147,000 | $ 133,000 |
| Grant County Minnesota | 7 | $ 762,000 | $ 108,000 | $ 116,000 |
| Lac qui Parle County Minnesota | 7 | $ 315,000 | $ 45,000 | $ 24,000 |
| Morrison County Minnesota | 7 | $ 942,000 | $ 134,000 | $ 48,000 |
| Renville County Minnesota | 7 | $ 533,000 | $ 76,000 | $ 45,000 |
| Watonwan County Minnesota | 7 | $ 670,000 | $ 95,000 | $ 42,000 |
| Douglas County Wisconsin | 7 | $ 660,000 | $ 94,000 | $ 58,000 |
| Woodbury County Iowa | 6 | $ 754,000 | $ 125,000 | $ 39,000 |
| Chisago County Minnesota | 6 | $ 887,000 | $ 147,000 | $ 66,000 |
| Pine County Minnesota | 6 | $ 604,000 | $ 100,000 | $ 46,000 |
| Red Lake County Minnesota | 6 | $ 394,000 | $ 65,000 | $ 40,000 |
| Wadena County Minnesota | 6 | $ 682,000 | $ 113,000 | $ 59,000 |
| Billings County North Dakota | 6 | $ 634,000 | $ 105,000 | $ 54,000 |
| Bottineau County North Dakota | 6 | $ 507,000 | $ 84,000 | $ 66,000 |
| Pierce County North Dakota | 6 | $ 485,000 | $ 80,000 | $ 58,000 |
| Pepin County Wisconsin | 6 | $ 614,000 | $ 102,000 | $ 36,000 |
| Richland County Wisconsin | 6 | $ 666,000 | $ 111,000 | $ 54,000 |
| Buchanan County Iowa | 5 | $ 455,000 | $ 91,000 | $ 49,000 |
| Winnebago County Iowa | 5 | $ 242,000 | $ 48,000 | $ 40,000 |
| Carlton County Minnesota | 5 | $ 817,000 | $ 163,000 | $ 58,000 |
| Mille Lacs County Minnesota | 5 | $ 557,000 | $ 111,000 | $ 54,000 |
| Sherburne County Minnesota | 5 | $ 818,000 | $ 163,000 | $ 63,000 |
| McLean County North Dakota | 5 | $ 349,000 | $ 69,000 | $ 50,000 |
| Clark County Wisconsin | 5 | $ 446,000 | $ 89,000 | $ 65,000 |
| Marquette County Wisconsin | 5 | $ 416,000 | $ 83,000 | $ 60,000 |
| Franklin County Iowa | 4 | $ 303,000 | $ 75,000 | $ 26,000 |
| Union County Iowa | 4 | $ 400,000 | $ 100,000 | $ 55,000 |
| Warren County Iowa | 4 | $ 530,000 | $ 132,000 | $ 52,000 |
| Carver County Minnesota | 4 | $ 708,000 | $ 177,000 | $ 80,000 |
| Itasca County Minnesota | 4 | $ 473,000 | $ 118,000 | $ 118,000 |
| Todd County Minnesota | 4 | $ 351,000 | $ 87,000 | $ 43,000 |
| Renville County North Dakota | 4 | $ 311,000 | $ 77,000 | $ 36,000 |
| Bayfield County Wisconsin | 4 | $ 725,000 | $ 181,000 | $ 182,000 |
| Jefferson County Iowa | 3 | $ 386,000 | $ 128,000 | $ 56,000 |
| Ringgold County Iowa | 3 | $ 591,000 | $ 197,000 | $ 160,000 |
| Aitkin County Minnesota | 3 | $ 618,000 | $ 206,000 | $ 69,000 |
| Chippewa County Minnesota | 3 | $ 176,000 | $ 58,000 | $ 53,000 |
| Kittson County Minnesota | 3 | $ 207,000 | $ 69,000 | $ 44,000 |
| Lake County Minnesota | 3 | $ 338,000 | $ 112,000 | $ 106,000 |
| Mahnomen County Minnesota | 3 | $ 231,000 | $ 77,000 | $ 89,000 |
| McLeod County Minnesota | 3 | $ 412,000 | $ 137,000 | $ 61,000 |
| Yellow Medicine County Minnesota | 3 | $ 343,000 | $ 114,000 | $ 54,000 |
| Eddy County North Dakota | 3 | $ 203,000 | $ 67,000 | $ 41,000 |
| Nelson County North Dakota | 3 | $ 164,000 | $ 54,000 | $ 48,000 |
| Rolette County North Dakota | 3 | $ 107,000 | $ 35,000 | $ 48,000 |
| Adams County Wisconsin | 3 | $ 248,000 | $ 82,000 | $ 46,000 |
| Columbia County Wisconsin | 3 | $ 500,000 | $ 166,000 | $ 49,000 |
| Dunn County Wisconsin | 3 | $ 453,000 | $ 151,000 | $ 59,000 |
| Rusk County Wisconsin | 3 | $ 287,000 | $ 95,000 | $ 41,000 |
| St. Croix County Wisconsin | 3 | $ 584,000 | $ 194,000 | $ 84,000 |
| Washburn County Wisconsin | 3 | $ 411,000 | $ 137,000 | $ 101,000 |
| Maricopa County Arizona | 2 | $ 253,000 | $ 126,000 | $ 57,000 |
| Cook County Illinois | 2 | $ 155,000 | $ 77,000 | $ 42,000 |
| Carroll County Iowa | 2 | $ 288,000 | $ 144,000 | $ 94,000 |
| Clayton County Iowa | 2 | $ 216,000 | $ 108,000 | $ 55,000 |
| Grundy County Iowa | 2 | $ 172,000 | $ 86,000 | $ 30,000 |
| Iowa County Iowa | 2 | $ 125,000 | $ 62,000 | $ 36,000 |
| Jackson County Iowa | 2 | $ 123,000 | $ 61,000 | $ 51,000 |
| Beltrami County Minnesota | 2 | $ 131,000 | $ 65,000 | $ 57,000 |
| Rock County Minnesota | 2 | $ 178,000 | $ 89,000 | $ 39,000 |
| Barnes County North Dakota | 2 | $ 116,000 | $ 58,000 | $ 33,000 |
| Benson County North Dakota | 2 | $ 199,000 | $ 99,000 | $ 206,000 |
| Cavalier County North Dakota | 2 | $ 152,000 | $ 76,000 | $ 33,000 |
| Hettinger County North Dakota | 2 | $ 183,000 | $ 91,000 | $ 43,000 |
| McHenry County North Dakota | 2 | $ 144,000 | $ 72,000 | $ 55,000 |
| Richland County North Dakota | 2 | $ 270,000 | $ 135,000 | $ 78,000 |
| Haakon County South Dakota | 2 | $ 126,000 | $ 63,000 | $ 69,000 |
| Minnehaha County South Dakota | 2 | $ 248,000 | $ 124,000 | $ 95,000 |
| Vilas County Wisconsin | 2 | $ 190,000 | $ 95,000 | $ 144,000 |
| Pima County Arizona | 1 | $ 170,000 | $ 170,000 | $ 24,000 |
| Benton County Arkansas | 1 | $ 62,000 | $ 62,000 | $ 31,000 |
| Denver County Colorado | 1 | $ 100,000 | $ 100,000 | $ 27,000 |
| Summit County Colorado | 1 | $ 148,000 | $ 148,000 | $ 0 |
| New Haven County Connecticut | 1 | $ 123,000 | $ 123,000 | $ 36,000 |
| Duval County Florida | 1 | $ 134,000 | $ 134,000 | $ 56,000 |
| Sarasota County Florida | 1 | $ 159,000 | $ 159,000 | $ 183,000 |
| McHenry County Illinois | 1 | $ 128,000 | $ 128,000 | $ 63,000 |
| Boone County Iowa | 1 | $ 207,000 | $ 207,000 | $ 98,000 |
| Butler County Iowa | 1 | $ 37,000 | $ 37,000 | $ 21,000 |
| Cedar County Iowa | 1 | $ 98,000 | $ 98,000 | $ 65,000 |
| Clarke County Iowa | 1 | $ 205,000 | $ 205,000 | $ 82,000 |
| Delaware County Iowa | 1 | $ 80,000 | $ 80,000 | $ 228,000 |
| Dickinson County Iowa | 1 | $ 86,000 | $ 86,000 | $ 21,000 |
| Guthrie County Iowa | 1 | $ 135,000 | $ 135,000 | $ 110,000 |
| Jasper County Iowa | 1 | $ 87,000 | $ 87,000 | $ 64,000 |
| Keokuk County Iowa | 1 | $ 125,000 | $ 125,000 | $ 58,000 |
| Lee County Iowa | 1 | $ 174,000 | $ 174,000 | $ 116,000 |
| Lyon County Iowa | 1 | $ 88,000 | $ 88,000 | $ 60,000 |
| Marion County Iowa | 1 | $ 160,000 | $ 160,000 | $ 53,000 |
| Monroe County Iowa | 1 | $ 167,000 | $ 167,000 | $ 65,000 |
| Muscatine County Iowa | 1 | $ 127,000 | $ 127,000 | $ 105,000 |
| Osceola County Iowa | 1 | $ 61,000 | $ 61,000 | $ 57,000 |
| Sac County Iowa | 1 | $ 43,000 | $ 43,000 | $ 41,000 |
| Tama County Iowa | 1 | $ 100,000 | $ 100,000 | $ 79,000 |
| Webster County Iowa | 1 | $ 90,000 | $ 90,000 | $ 34,000 |
| Wright County Iowa | 1 | $ 63,000 | $ 63,000 | $ 38,000 |
| Big Stone County Minnesota | 1 | $ 220,000 | $ 220,000 | $ 111,000 |
| Norman County Minnesota | 1 | $ 110,000 | $ 110,000 | $ 71,000 |
| Swift County Minnesota | 1 | $ 210,000 | $ 210,000 | $ 112,000 |
| Miller County Missouri | 1 | $ 85,000 | $ 85,000 | $ 257,000 |
| Putnam County Missouri | 1 | $ 307,000 | $ 307,000 | $ 158,000 |
| Madison County Montana | 1 | $ 141,000 | $ 141,000 | $ 81,000 |
| Clark County Nevada | 1 | $ 65,000 | $ 65,000 | $ 24,000 |
| Burleigh County North Dakota | 1 | $ 38,000 | $ 38,000 | $ 25,000 |
| Dunn County North Dakota | 1 | $ 48,000 | $ 48,000 | $ 60,000 |
| Golden Valley County North Dakota | 1 | $ 42,000 | $ 42,000 | $ 43,000 |
| Morton County North Dakota | 1 | $ 20,000 | $ 20,000 | $ 20,000 |
| Oliver County North Dakota | 1 | $ 75,000 | $ 75,000 | $ 53,000 |
| Steele County North Dakota | 1 | $ 120,000 | $ 120,000 | $ 34,000 |
| Towner County North Dakota | 1 | $ 42,000 | $ 42,000 | $ 35,000 |
| Wells County North Dakota | 1 | $ 85,000 | $ 85,000 | $ 58,000 |
| Codington County South Dakota | 1 | $ 60,000 | $ 60,000 | $ 66,000 |
| Perkins County South Dakota | 1 | $ 48,000 | $ 48,000 | $ 33,000 |
| Burnett County Wisconsin | 1 | $ 70,000 | $ 70,000 | $ 150,000 |
| Lafayette County Wisconsin | 1 | $ 78,000 | $ 78,000 | $ 50,000 |
| Milwaukee County Wisconsin | 1 | $ 85,000 | $ 85,000 | $ 69,000 |
| Oneida County Wisconsin | 1 | $ 140,000 | $ 140,000 | $ 103,000 |
| Rock County Wisconsin | 1 | $ 98,000 | $ 98,000 | $ 47,000 |
| Sheboygan County Wisconsin | 1 | $ 141,000 | $ 141,000 | $ 47,000 |
| Wood County Wisconsin | 1 | $ 109,000 | $ 109,000 | $ 114,000 |
| Albany County Wyoming | 1 | $ 156,000 | $ 156,000 | $ 81,000 |
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 Merchants Bank, National Association in 2003
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 (home purchase or home improvement, one-to-four family) | 7,146 | $758,691,000 | $122,692 | $563,000 | $70,307 | $1,106,000 |
| Home Purchase (one-to-four family) | 1,748 | $207,050,000 | $127,750 | $323,000 | $55,916 | $790,000 |
| Home Improvement (one-to-four family) | 64 | $999,000 | $10,000 | $177,000 | $36,500 | $138,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 9 | $2,137,000 | $237,000 | $869,000 | $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 | 7,675 | $828,131,000 | $115,071 | $869,000 | $64,714 | $1,106,000 |
| Information not provided by applicant in mail or telephone application | 741 | $83,072,000 | $104,400 | $323,000 | $59,600 | $790,000 |
| Not applicable | 458 | $48,677,000 | $119,500 | $600,000 | $58,750 | $361,000 |
| Asian or Pacific Islander | 36 | $3,675,000 | $115,000 | $205,000 | $99,250 | $501,000 |
| Hispanic | 31 | $2,425,000 | $80,000 | $200,000 | $47,250 | $93,000 |
| American Indian or Alaskan Native | 17 | $2,060,000 | $134,666 | $323,000 | $86,666 | $162,000 |
| Black | 5 | $530,000 | $106,000 | $148,000 | $52,000 | $101,000 |
| Other | 4 | $307,000 | $84,500 | $140,000 | $41,500 | $48,000 |
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) | 8,952 | $967,179,000 | $118,466 | $869,000 | $65,533 | $1,106,000 |
| VA-guaranteed (Veterans Administration) | 8 | $1,099,000 | $125,500 | $182,000 | $45,500 | $76,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 7 | $599,000 | $81,500 | $169,000 | $47,500 | $56,000 |
| FHA-insured (Federal Housing 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 | 7,963 | $860,291,000 | $108,615 | $869,000 | $55,153 | $1,106,000 |
| Loan Purchased By The Institution | 452 | $47,841,000 | $119,250 | $323,000 | $59,000 | $361,000 |
| Application Withdrawn By Applicant | 294 | $33,724,000 | $130,500 | $322,000 | $89,000 | $413,000 |
| Application Denied By Financial Institution | 127 | $12,756,000 | $105,000 | $300,000 | $44,800 | $136,000 |
| Application Approved But Not Accepted | 85 | $8,581,000 | $95,500 | $316,000 | $70,250 | $446,000 |
| File Closed For Incompleteness | 46 | $5,684,000 | $98,750 | $323,000 | $53,750 | $138,000 |
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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 54 | $5,962,000 | $115,800 | $300,000 | $34,600 | $120,000 |
| Credit History | 39 | $3,378,000 | $88,750 | $210,000 | $47,500 | $90,000 |
| Collateral | 19 | $1,819,000 | $79,400 | $265,000 | $46,600 | $136,000 |
| Other | 12 | $1,284,000 | $106,400 | $222,000 | $61,600 | $102,000 |
| Employment History | 2 | $209,000 | $104,500 | $167,000 | $14,500 | $29,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $104,000 | $104,000 | $104,000 | $40,000 | $40,000 |
| 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 |
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.