Merchants Bank, National Association
Mortgage Loan Application
Totals and Details
for 2004
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 | 3,697 |
| Total Mortgage Loan Application Amount | $448,722,000 |
| Average Mortgage Loan Application Amount | $147,880 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $98,280 |
| Highest Applicant Income | $8,413,000 |
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 | 568 | $ 70,135,000 | $ 123,000 | $ 50,000 |
| Olmsted County Minnesota | 161 | $ 23,293,000 | $ 144,000 | $ 100,000 |
| Houston County Minnesota | 159 | $ 17,496,000 | $ 110,000 | $ 57,000 |
| Blue Earth County Minnesota | 147 | $ 20,201,000 | $ 137,000 | $ 65,000 |
| La Crosse County Wisconsin | 122 | $ 16,308,000 | $ 133,000 | $ 71,000 |
| Fillmore County Minnesota | 100 | $ 11,759,000 | $ 117,000 | $ 49,000 |
| Koochiching County Minnesota | 82 | $ 7,945,000 | $ 96,000 | $ 41,000 |
| Nobles County Minnesota | 77 | $ 6,198,000 | $ 80,000 | $ 36,000 |
| Trempealeau County Wisconsin | 71 | $ 7,895,000 | $ 111,000 | $ 61,000 |
| Otter Tail County Minnesota | 65 | $ 8,028,000 | $ 123,000 | $ 48,000 |
| Rice County Minnesota | 61 | $ 10,031,000 | $ 164,000 | $ 59,000 |
| Mower County Minnesota | 60 | $ 5,588,000 | $ 93,000 | $ 40,000 |
| Dakota County Minnesota | 55 | $ 9,585,000 | $ 174,000 | $ 65,000 |
| Wabasha County Minnesota | 54 | $ 7,794,000 | $ 144,000 | $ 68,000 |
| Roseau County Minnesota | 53 | $ 4,806,000 | $ 90,000 | $ 48,000 |
| Madison County Iowa | 50 | $ 7,216,000 | $ 144,000 | $ 69,000 |
| Kanabec County Minnesota | 50 | $ 6,817,000 | $ 136,000 | $ 55,000 |
| Steele County Minnesota | 50 | $ 6,921,000 | $ 138,000 | $ 58,000 |
| Kandiyohi County Minnesota | 48 | $ 6,451,000 | $ 134,000 | $ 55,000 |
| Goodhue County Minnesota | 46 | $ 7,451,000 | $ 161,000 | $ 84,000 |
| Wright County Minnesota | 46 | $ 7,034,000 | $ 152,000 | $ 61,000 |
| Nicollet County Minnesota | 45 | $ 6,630,000 | $ 147,000 | $ 56,000 |
| Lawrence County South Dakota | 45 | $ 5,803,000 | $ 128,000 | $ 229,000 |
| Washington County Iowa | 43 | $ 5,711,000 | $ 132,000 | $ 64,000 |
| Lake of the Woods County Minnesota | 43 | $ 4,275,000 | $ 99,000 | $ 54,000 |
| Buffalo County Wisconsin | 43 | $ 4,382,000 | $ 101,000 | $ 74,000 |
| Cottonwood County Minnesota | 37 | $ 2,959,000 | $ 79,000 | $ 50,000 |
| Waseca County Minnesota | 37 | $ 4,333,000 | $ 117,000 | $ 55,000 |
| Grand Forks County North Dakota | 35 | $ 4,353,000 | $ 124,000 | $ 84,000 |
| Dodge County Minnesota | 34 | $ 4,804,000 | $ 141,000 | $ 51,000 |
| Cass County North Dakota | 33 | $ 3,937,000 | $ 119,000 | $ 65,000 |
| Meade County South Dakota | 32 | $ 4,154,000 | $ 129,000 | $ 67,000 |
| Winneshiek County Iowa | 31 | $ 4,108,000 | $ 132,000 | $ 71,000 |
| Hubbard County Minnesota | 31 | $ 3,664,000 | $ 118,000 | $ 31,000 |
| Jackson County Minnesota | 31 | $ 2,750,000 | $ 88,000 | $ 54,000 |
| Douglas County Minnesota | 30 | $ 3,970,000 | $ 132,000 | $ 61,000 |
| Lyon County Minnesota | 30 | $ 3,336,000 | $ 111,000 | $ 63,000 |
| Faribault County Minnesota | 29 | $ 2,325,000 | $ 80,000 | $ 50,000 |
| Clay County Minnesota | 28 | $ 3,608,000 | $ 128,000 | $ 50,000 |
| St. Louis County Minnesota | 27 | $ 3,075,000 | $ 113,000 | $ 43,000 |
| Brown County Minnesota | 26 | $ 2,886,000 | $ 111,000 | $ 67,000 |
| Louisa County Iowa | 24 | $ 2,396,000 | $ 99,000 | $ 57,000 |
| Pennington County South Dakota | 24 | $ 3,168,000 | $ 132,000 | $ 81,000 |
| Wapello County Iowa | 23 | $ 2,130,000 | $ 92,000 | $ 37,000 |
| Le Sueur County Minnesota | 23 | $ 3,565,000 | $ 155,000 | $ 63,000 |
| Polk County Iowa | 22 | $ 3,497,000 | $ 158,000 | $ 68,000 |
| Jones County Iowa | 19 | $ 1,687,000 | $ 88,000 | $ 60,000 |
| Custer County South Dakota | 19 | $ 2,887,000 | $ 151,000 | $ 69,000 |
| Watonwan County Minnesota | 18 | $ 1,618,000 | $ 89,000 | $ 36,000 |
| Grant County Wisconsin | 18 | $ 1,794,000 | $ 99,000 | $ 49,000 |
| Stark County North Dakota | 17 | $ 1,078,000 | $ 63,000 | $ 44,000 |
| Ward County North Dakota | 17 | $ 1,570,000 | $ 92,000 | $ 66,000 |
| Becker County Minnesota | 16 | $ 2,455,000 | $ 153,000 | $ 55,000 |
| Murray County Minnesota | 16 | $ 1,545,000 | $ 96,000 | $ 51,000 |
| Walsh County North Dakota | 16 | $ 1,181,000 | $ 73,000 | $ 52,000 |
| Des Moines County Iowa | 15 | $ 1,776,000 | $ 118,000 | $ 61,000 |
| Isanti County Minnesota | 15 | $ 2,207,000 | $ 147,000 | $ 45,000 |
| Ramsey County North Dakota | 15 | $ 1,197,000 | $ 79,000 | $ 58,000 |
| Henry County Iowa | 14 | $ 1,351,000 | $ 96,000 | $ 47,000 |
| Story County Iowa | 14 | $ 1,748,000 | $ 124,000 | $ 75,000 |
| Martin County Minnesota | 14 | $ 1,300,000 | $ 92,000 | $ 38,000 |
| Barron County Wisconsin | 14 | $ 1,226,000 | $ 87,000 | $ 50,000 |
| Freeborn County Minnesota | 13 | $ 892,000 | $ 68,000 | $ 67,000 |
| Polk County Minnesota | 13 | $ 1,613,000 | $ 124,000 | $ 64,000 |
| Sibley County Minnesota | 13 | $ 1,076,000 | $ 82,000 | $ 34,000 |
| Butte County South Dakota | 13 | $ 878,000 | $ 67,000 | $ 37,000 |
| Jackson County Wisconsin | 13 | $ 1,291,000 | $ 99,000 | $ 67,000 |
| Monroe County Wisconsin | 13 | $ 1,802,000 | $ 138,000 | $ 64,000 |
| Cerro Gordo County Iowa | 11 | $ 956,000 | $ 86,000 | $ 38,000 |
| Washington County Minnesota | 11 | $ 1,693,000 | $ 153,000 | $ 55,000 |
| Fall River County South Dakota | 11 | $ 648,000 | $ 58,000 | $ 62,000 |
| Cedar County Iowa | 10 | $ 863,000 | $ 86,000 | $ 36,000 |
| Dallas County Iowa | 10 | $ 1,319,000 | $ 131,000 | $ 48,000 |
| Jefferson County Iowa | 10 | $ 768,000 | $ 76,000 | $ 64,000 |
| Linn County Iowa | 10 | $ 1,440,000 | $ 144,000 | $ 72,000 |
| Worth County Iowa | 10 | $ 658,000 | $ 65,000 | $ 34,000 |
| Allamakee County Iowa | 9 | $ 738,000 | $ 82,000 | $ 32,000 |
| Johnson County Iowa | 9 | $ 1,559,000 | $ 173,000 | $ 80,000 |
| Hennepin County Minnesota | 9 | $ 1,890,000 | $ 210,000 | $ 125,000 |
| Stearns County Minnesota | 9 | $ 1,657,000 | $ 184,000 | $ 78,000 |
| Stutsman County North Dakota | 9 | $ 696,000 | $ 77,000 | $ 44,000 |
| Crawford County Wisconsin | 9 | $ 819,000 | $ 91,000 | $ 104,000 |
| Vernon County Wisconsin | 9 | $ 1,115,000 | $ 123,000 | $ 69,000 |
| Greene County Iowa | 8 | $ 1,237,000 | $ 154,000 | $ 68,000 |
| Benton County Minnesota | 8 | $ 1,180,000 | $ 147,000 | $ 76,000 |
| Yellow Medicine County Minnesota | 8 | $ 802,000 | $ 100,000 | $ 57,000 |
| Pembina County North Dakota | 8 | $ 663,000 | $ 82,000 | $ 62,000 |
| Iowa County Wisconsin | 8 | $ 733,000 | $ 91,000 | $ 36,000 |
| Howard County Iowa | 7 | $ 635,000 | $ 90,000 | $ 52,000 |
| Cass County Minnesota | 7 | $ 1,312,000 | $ 187,000 | $ 103,000 |
| Meeker County Minnesota | 7 | $ 745,000 | $ 106,000 | $ 56,000 |
| Pennington County Minnesota | 7 | $ 476,000 | $ 68,000 | $ 57,000 |
| Fayette County Iowa | 6 | $ 541,000 | $ 90,000 | $ 49,000 |
| Mitchell County Iowa | 6 | $ 601,000 | $ 100,000 | $ 71,000 |
| Anoka County Minnesota | 6 | $ 794,000 | $ 132,000 | $ 90,000 |
| Carlton County Minnesota | 6 | $ 767,000 | $ 127,000 | $ 70,000 |
| Morrison County Minnesota | 6 | $ 607,000 | $ 101,000 | $ 47,000 |
| Douglas County Wisconsin | 6 | $ 677,000 | $ 112,000 | $ 54,000 |
| Juneau County Wisconsin | 6 | $ 494,000 | $ 82,000 | $ 49,000 |
| Washburn County Wisconsin | 6 | $ 730,000 | $ 121,000 | $ 88,000 |
| Kittson County Minnesota | 5 | $ 372,000 | $ 74,000 | $ 42,000 |
| McLeod County Minnesota | 5 | $ 584,000 | $ 116,000 | $ 44,000 |
| Wadena County Minnesota | 5 | $ 523,000 | $ 104,000 | $ 50,000 |
| Pierce County Wisconsin | 5 | $ 705,000 | $ 141,000 | $ 50,000 |
| Jackson County Iowa | 4 | $ 371,000 | $ 92,000 | $ 52,000 |
| Mille Lacs County Minnesota | 4 | $ 544,000 | $ 136,000 | $ 47,000 |
| Ramsey County Minnesota | 4 | $ 673,000 | $ 168,000 | $ 114,000 |
| Redwood County Minnesota | 4 | $ 232,000 | $ 58,000 | $ 42,000 |
| Buchanan County Iowa | 3 | $ 277,000 | $ 92,000 | $ 39,000 |
| Lee County Iowa | 3 | $ 246,000 | $ 82,000 | $ 29,000 |
| Muscatine County Iowa | 3 | $ 273,000 | $ 91,000 | $ 56,000 |
| Van Buren County Iowa | 3 | $ 264,000 | $ 88,000 | $ 53,000 |
| Warren County Iowa | 3 | $ 453,000 | $ 151,000 | $ 41,000 |
| Carver County Minnesota | 3 | $ 526,000 | $ 175,000 | $ 53,000 |
| Crow Wing County Minnesota | 3 | $ 627,000 | $ 209,000 | $ 25,000 |
| Lac qui Parle County Minnesota | 3 | $ 203,000 | $ 67,000 | $ 40,000 |
| Marshall County Minnesota | 3 | $ 202,000 | $ 67,000 | $ 66,000 |
| Scott County Minnesota | 3 | $ 621,000 | $ 207,000 | $ 78,000 |
| Todd County Minnesota | 3 | $ 429,000 | $ 143,000 | $ 98,000 |
| Pierce County North Dakota | 3 | $ 130,000 | $ 43,000 | $ 33,000 |
| Polk County Wisconsin | 3 | $ 437,000 | $ 145,000 | $ 87,000 |
| Sawyer County Wisconsin | 3 | $ 438,000 | $ 146,000 | $ 190,000 |
| Maricopa County Arizona | 2 | $ 513,000 | $ 256,000 | $ 163,000 |
| Benton County Iowa | 2 | $ 111,000 | $ 55,000 | $ 38,000 |
| Delaware County Iowa | 2 | $ 163,000 | $ 81,000 | $ 56,000 |
| Grundy County Iowa | 2 | $ 222,000 | $ 111,000 | $ 50,000 |
| Iowa County Iowa | 2 | $ 146,000 | $ 73,000 | $ 37,000 |
| Union County Iowa | 2 | $ 227,000 | $ 113,000 | $ 46,000 |
| Chisago County Minnesota | 2 | $ 510,000 | $ 255,000 | $ 56,000 |
| Itasca County Minnesota | 2 | $ 224,000 | $ 112,000 | $ 96,000 |
| Pine County Minnesota | 2 | $ 454,000 | $ 227,000 | $ 61,000 |
| Pipestone County Minnesota | 2 | $ 61,000 | $ 30,000 | $ 18,000 |
| Red Lake County Minnesota | 2 | $ 101,000 | $ 50,000 | $ 30,000 |
| Sherburne County Minnesota | 2 | $ 336,000 | $ 168,000 | $ 76,000 |
| Benson County North Dakota | 2 | $ 166,000 | $ 83,000 | $ 67,000 |
| Bottineau County North Dakota | 2 | $ 213,000 | $ 106,000 | $ 62,000 |
| Towner County North Dakota | 2 | $ 87,000 | $ 43,000 | $ 74,000 |
| Haakon County South Dakota | 2 | $ 90,000 | $ 45,000 | $ 27,000 |
| Chippewa County Wisconsin | 2 | $ 164,000 | $ 82,000 | $ 49,000 |
| Dane County Wisconsin | 2 | $ 269,000 | $ 134,000 | $ 43,000 |
| Eau Claire County Wisconsin | 2 | $ 118,000 | $ 59,000 | $ 26,000 |
| Pepin County Wisconsin | 2 | $ 454,000 | $ 227,000 | $ 97,000 |
| Arapahoe County Colorado | 1 | $ 202,000 | $ 202,000 | $ 82,000 |
| Summit County Colorado | 1 | $ 168,000 | $ 168,000 | $ 351,000 |
| Hawaii County Hawaii | 1 | $ 419,000 | $ 419,000 | $ 353,000 |
| Henderson County Illinois | 1 | $ 160,000 | $ 160,000 | $ 88,000 |
| Clarke County Iowa | 1 | $ 167,000 | $ 167,000 | $ 50,000 |
| Clayton County Iowa | 1 | $ 97,000 | $ 97,000 | $ 38,000 |
| Davis County Iowa | 1 | $ 175,000 | $ 175,000 | $ 39,000 |
| Dickinson County Iowa | 1 | $ 72,000 | $ 72,000 | $ 60,000 |
| Dubuque County Iowa | 1 | $ 93,000 | $ 93,000 | $ 45,000 |
| Floyd County Iowa | 1 | $ 53,000 | $ 53,000 | $ 24,000 |
| Hancock County Iowa | 1 | $ 93,000 | $ 93,000 | $ 53,000 |
| Keokuk County Iowa | 1 | $ 121,000 | $ 121,000 | $ 35,000 |
| Kossuth County Iowa | 1 | $ 78,000 | $ 78,000 | $ 50,000 |
| Osceola County Iowa | 1 | $ 22,000 | $ 22,000 | $ 34,000 |
| Ringgold County Iowa | 1 | $ 110,000 | $ 110,000 | $ 72,000 |
| Woodbury County Iowa | 1 | $ 63,000 | $ 63,000 | $ 22,000 |
| Aitkin County Minnesota | 1 | $ 52,000 | $ 52,000 | $ 35,000 |
| Beltrami County Minnesota | 1 | $ 150,000 | $ 150,000 | $ 82,000 |
| Chippewa County Minnesota | 1 | $ 250,000 | $ 250,000 | $ 90,000 |
| Cook County Minnesota | 1 | $ 68,000 | $ 68,000 | $ 54,000 |
| Grant County Minnesota | 1 | $ 169,000 | $ 169,000 | $ 63,000 |
| Lake County Minnesota | 1 | $ 144,000 | $ 144,000 | $ 41,000 |
| Lincoln County Minnesota | 1 | $ 125,000 | $ 125,000 | $ 77,000 |
| Mahnomen County Minnesota | 1 | $ 146,000 | $ 146,000 | $ 43,000 |
| Pope County Minnesota | 1 | $ 101,000 | $ 101,000 | $ 37,000 |
| Swift County Minnesota | 1 | $ 88,000 | $ 88,000 | $ 125,000 |
| Pettis County Missouri | 1 | $ 100,000 | $ 100,000 | $ 48,000 |
| Billings County North Dakota | 1 | $ 79,000 | $ 79,000 | $ 24,000 |
| Burleigh County North Dakota | 1 | $ 105,000 | $ 105,000 | $ 39,000 |
| Dunn County North Dakota | 1 | $ 162,000 | $ 162,000 | $ 121,000 |
| Emmons County North Dakota | 1 | $ 52,000 | $ 52,000 | $ 43,000 |
| Golden Valley County North Dakota | 1 | $ 47,000 | $ 47,000 | $ 48,000 |
| McIntosh County North Dakota | 1 | $ 76,000 | $ 76,000 | $ 78,000 |
| McLean County North Dakota | 1 | $ 109,000 | $ 109,000 | $ 40,000 |
| Mercer County North Dakota | 1 | $ 34,000 | $ 34,000 | $ 19,000 |
| Nelson County North Dakota | 1 | $ 31,000 | $ 31,000 | $ 21,000 |
| Richland County North Dakota | 1 | $ 101,000 | $ 101,000 | $ 103,000 |
| Traill County North Dakota | 1 | $ 79,000 | $ 79,000 | $ 47,000 |
| Lincoln County South Dakota | 1 | $ 144,000 | $ 144,000 | $ 38,000 |
| Union County South Dakota | 1 | $ 114,000 | $ 114,000 | $ 62,000 |
| Burnett County Wisconsin | 1 | $ 175,000 | $ 175,000 | $ 69,000 |
| Dunn County Wisconsin | 1 | $ 200,000 | $ 200,000 | $ 177,000 |
| Marathon County Wisconsin | 1 | $ 116,000 | $ 116,000 | $ 33,000 |
| Marquette County Wisconsin | 1 | $ 36,000 | $ 36,000 | $ 53,000 |
| Racine County Wisconsin | 1 | $ 100,000 | $ 100,000 | $ 49,000 |
| Sauk County Wisconsin | 1 | $ 90,000 | $ 90,000 | $ 45,000 |
| St. Croix County Wisconsin | 1 | $ 280,000 | $ 280,000 | $ 70,000 |
| Waukesha County Wisconsin | 1 | $ 144,000 | $ 144,000 | $ 79,000 |
| Campbell County Wyoming | 1 | $ 320,000 | $ 320,000 | $ 84,000 |
| Crook County Wyoming | 1 | $ 82,000 | $ 82,000 | $ 66,000 |
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 2004
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 | 1,892 | $216,226,000 | $112,333 | $930,000 | $93,888 | $559,000 |
| Home Purchase | 1,708 | $224,463,000 | $195,272 | $1,000,000 | $115,909 | $8,413,000 |
| Home Improvement | 97 | $8,033,000 | $107,600 | $920,000 | $67,400 | $403,000 |
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 | 3,193 | $385,246,000 | $168,666 | $563,000 | $121,000 | $8,413,000 |
| Not applicable | 317 | $40,451,000 | $193,800 | $1,000,000 | $64,200 | $1,361,000 |
| Not Provided | 120 | $15,158,000 | $114,833 | $331,000 | $67,833 | $300,000 |
| Hispanic | 30 | $3,656,000 | $110,000 | $322,000 | $54,000 | $355,000 |
| Asian | 23 | $2,389,000 | $94,000 | $238,000 | $29,666 | $98,000 |
| Black or African American | 7 | $970,000 | $138,000 | $260,000 | $127,000 | $368,000 |
| American Indian or Alaskan Native | 5 | $476,000 | $77,333 | $181,000 | $38,666 | $68,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $376,000 | $188,000 | $267,000 | $50,000 | $67,000 |
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) | 3,683 | $446,871,000 | $161,416 | $1,000,000 | $110,666 | $8,413,000 |
| VA-guaranteed (Veterans Administration) | 8 | $1,040,000 | $115,000 | $173,000 | $53,000 | $61,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 6 | $811,000 | $135,000 | $230,000 | $44,000 | $64,000 |
| 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 | 3,142 | $382,950,000 | $170,700 | $1,000,000 | $105,000 | $8,413,000 |
| Loan Purchased By The Institution | 306 | $35,891,000 | $134,400 | $920,000 | $68,000 | $1,361,000 |
| Application Withdrawn By Applicant | 145 | $18,018,000 | $93,600 | $456,000 | $51,400 | $618,000 |
| File Closed For Incompleteness | 37 | $5,121,000 | $145,000 | $320,000 | $71,333 | $144,000 |
| Application Approved But Not Accepted | 37 | $4,064,000 | $109,600 | $260,000 | $116,400 | $366,000 |
| Application Denied By Financial Institution | 29 | $2,633,000 | $100,333 | $268,000 | $48,666 | $169,000 |
| Preapproval Denied by Financial Institution | 1 | $45,000 | $45,000 | $45,000 | $42,000 | $42,000 |
| 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 | 15 | $1,286,000 | $83,333 | $190,000 | $41,333 | $72,000 |
| Debt-To-Income Ratio | 7 | $792,000 | $144,000 | $268,000 | $57,000 | $87,000 |
| Other | 4 | $306,000 | $63,500 | $101,000 | $49,500 | $56,000 |
| Collateral | 3 | $287,000 | $100,000 | $114,000 | $44,000 | $45,000 |
| Unverifiable Information | 1 | $7,000 | $7,000 | $7,000 | $169,000 | $169,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 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.