Merchants Bank, National Association
Mortgage Loan Application
Totals and Details
for 2014
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 | 2,608 |
| Total Mortgage Loan Application Amount | $444,411,000 |
| Average Mortgage Loan Application Amount | $139,000 |
| Highest Mortgage Loan Application Amount | $9,600,000 |
| Average Applicant Income | $82,333 |
| Highest Applicant Income | $2,652,000 |
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 | 370 | $ 49,154,000 | $ 132,000 | $ 72,000 |
| Dakota County Minnesota | 182 | $ 38,748,000 | $ 212,000 | $ 101,000 |
| La Crosse County Wisconsin | 173 | $ 28,960,000 | $ 167,000 | $ 89,000 |
| Houston County Minnesota | 146 | $ 17,854,000 | $ 122,000 | $ 60,000 |
| Olmsted County Minnesota | 137 | $ 24,752,000 | $ 180,000 | $ 89,000 |
| Hennepin County Minnesota | 100 | $ 24,078,000 | $ 240,000 | $ 126,000 |
| Goodhue County Minnesota | 96 | $ 15,209,000 | $ 158,000 | $ 90,000 |
| Otter Tail County Minnesota | 85 | $ 12,508,000 | $ 147,000 | $ 68,000 |
| Fillmore County Minnesota | 60 | $ 7,786,000 | $ 129,000 | $ 77,000 |
| Washington County Minnesota | 59 | $ 14,183,000 | $ 240,000 | $ 110,000 |
| Grand Forks County North Dakota | 45 | $ 7,242,000 | $ 160,000 | $ 105,000 |
| Ramsey County Minnesota | 38 | $ 7,268,000 | $ 191,000 | $ 82,000 |
| St. Louis County Minnesota | 35 | $ 5,572,000 | $ 159,000 | $ 93,000 |
| Hubbard County Minnesota | 32 | $ 6,057,000 | $ 189,000 | $ 93,000 |
| Lyon County Minnesota | 31 | $ 4,827,000 | $ 155,000 | $ 81,000 |
| Scott County Minnesota | 30 | $ 7,642,000 | $ 254,000 | $ 113,000 |
| Lawrence County South Dakota | 29 | $ 5,458,000 | $ 188,000 | $ 0 |
| Rice County Minnesota | 27 | $ 4,702,000 | $ 174,000 | $ 89,000 |
| Eau Claire County Wisconsin | 26 | $ 12,901,000 | $ 496,000 | $ 43,000 |
| Nobles County Minnesota | 24 | $ 2,328,000 | $ 97,000 | $ 59,000 |
| Anoka County Minnesota | 22 | $ 5,715,000 | $ 259,000 | $ 106,000 |
| Cass County North Dakota | 22 | $ 4,655,000 | $ 211,000 | $ 107,000 |
| Pennington County South Dakota | 22 | $ 4,620,000 | $ 210,000 | $ 0 |
| Washington County Iowa | 21 | $ 2,990,000 | $ 142,000 | $ 0 |
| McLean County North Dakota | 21 | $ 3,675,000 | $ 175,000 | $ 82,000 |
| Wabasha County Minnesota | 20 | $ 3,224,000 | $ 161,000 | $ 98,000 |
| Cottonwood County Minnesota | 18 | $ 1,627,000 | $ 90,000 | $ 61,000 |
| Buffalo County Wisconsin | 18 | $ 2,340,000 | $ 130,000 | $ 70,000 |
| Carver County Minnesota | 17 | $ 5,798,000 | $ 341,000 | $ 219,000 |
| Stearns County Minnesota | 17 | $ 3,392,000 | $ 199,000 | $ 103,000 |
| Wright County Minnesota | 17 | $ 3,256,000 | $ 191,000 | $ 86,000 |
| Ramsey County North Dakota | 17 | $ 2,852,000 | $ 167,000 | $ 109,000 |
| Blue Earth County Minnesota | 16 | $ 2,933,000 | $ 183,000 | $ 89,000 |
| Crow Wing County Minnesota | 16 | $ 2,708,000 | $ 169,000 | $ 95,000 |
| Dodge County Minnesota | 16 | $ 2,155,000 | $ 134,000 | $ 80,000 |
| McKenzie County North Dakota | 16 | $ 3,382,000 | $ 211,000 | $ 91,000 |
| Sauk County Wisconsin | 16 | $ 2,279,000 | $ 142,000 | $ 93,000 |
| Trempealeau County Wisconsin | 16 | $ 2,074,000 | $ 129,000 | $ 83,000 |
| Aitkin County Minnesota | 15 | $ 2,064,000 | $ 137,000 | $ 131,000 |
| Vernon County Wisconsin | 15 | $ 1,822,000 | $ 121,000 | $ 72,000 |
| Jefferson County Iowa | 14 | $ 2,031,000 | $ 145,000 | $ 23,000 |
| Steele County Minnesota | 14 | $ 1,597,000 | $ 114,000 | $ 74,000 |
| Cass County Minnesota | 13 | $ 2,482,000 | $ 190,000 | $ 118,000 |
| Jackson County Minnesota | 13 | $ 1,301,000 | $ 100,000 | $ 80,000 |
| Mercer County North Dakota | 12 | $ 1,508,000 | $ 125,000 | $ 68,000 |
| Polk County Minnesota | 11 | $ 2,147,000 | $ 195,000 | $ 112,000 |
| Monroe County Wisconsin | 11 | $ 1,801,000 | $ 163,000 | $ 103,000 |
| Cerro Gordo County Iowa | 10 | $ 1,078,000 | $ 107,000 | $ 78,000 |
| Brown County Minnesota | 10 | $ 1,373,000 | $ 137,000 | $ 56,000 |
| Becker County Minnesota | 9 | $ 1,840,000 | $ 204,000 | $ 92,000 |
| Faribault County Minnesota | 9 | $ 842,000 | $ 93,000 | $ 84,000 |
| Sherburne County Minnesota | 9 | $ 2,094,000 | $ 232,000 | $ 135,000 |
| Meade County South Dakota | 9 | $ 1,926,000 | $ 214,000 | $ 0 |
| Linn County Iowa | 8 | $ 1,463,000 | $ 182,000 | $ 105,000 |
| Nicollet County Minnesota | 8 | $ 1,087,000 | $ 135,000 | $ 74,000 |
| Manitowoc County Wisconsin | 8 | $ 1,138,000 | $ 142,000 | $ 96,000 |
| Pierce County Wisconsin | 8 | $ 1,214,000 | $ 151,000 | $ 60,000 |
| Richland County Wisconsin | 8 | $ 1,164,000 | $ 145,000 | $ 77,000 |
| Benton County Minnesota | 7 | $ 1,327,000 | $ 189,000 | $ 89,000 |
| Freeborn County Minnesota | 7 | $ 619,000 | $ 88,000 | $ 66,000 |
| Douglas County Wisconsin | 7 | $ 1,146,000 | $ 163,000 | $ 114,000 |
| Grant County Wisconsin | 7 | $ 631,000 | $ 90,000 | $ 76,000 |
| Winnebago County Illinois | 6 | $ 1,005,000 | $ 167,000 | $ 162,000 |
| Kandiyohi County Minnesota | 6 | $ 789,000 | $ 131,000 | $ 64,000 |
| Kittson County Minnesota | 6 | $ 807,000 | $ 134,000 | $ 68,000 |
| Mower County Minnesota | 6 | $ 890,000 | $ 148,000 | $ 56,000 |
| Bowman County North Dakota | 6 | $ 804,000 | $ 134,000 | $ 78,000 |
| Pembina County North Dakota | 6 | $ 458,000 | $ 76,000 | $ 70,000 |
| Stark County North Dakota | 6 | $ 1,455,000 | $ 242,000 | $ 112,000 |
| Chippewa County Wisconsin | 6 | $ 1,260,000 | $ 210,000 | $ 141,000 |
| Crawford County Wisconsin | 6 | $ 910,000 | $ 151,000 | $ 103,000 |
| Winneshiek County Iowa | 5 | $ 746,000 | $ 149,000 | $ 59,000 |
| Beltrami County Minnesota | 5 | $ 1,356,000 | $ 271,000 | $ 374,000 |
| Douglas County Minnesota | 5 | $ 1,089,000 | $ 217,000 | $ 115,000 |
| Wadena County Minnesota | 5 | $ 653,000 | $ 130,000 | $ 65,000 |
| Walworth County Wisconsin | 5 | $ 871,000 | $ 174,000 | $ 144,000 |
| Maricopa County Arizona | 4 | $ 1,074,000 | $ 268,000 | $ 161,000 |
| Allamakee County Iowa | 4 | $ 441,000 | $ 110,000 | $ 85,000 |
| Henry County Iowa | 4 | $ 347,000 | $ 86,000 | $ 39,000 |
| Marion County Iowa | 4 | $ 474,000 | $ 118,000 | $ 9,000 |
| Chisago County Minnesota | 4 | $ 839,000 | $ 209,000 | $ 99,000 |
| Isanti County Minnesota | 4 | $ 841,000 | $ 210,000 | $ 80,000 |
| Marshall County Minnesota | 4 | $ 466,000 | $ 116,000 | $ 98,000 |
| Martin County Minnesota | 4 | $ 459,000 | $ 114,000 | $ 53,000 |
| Murray County Minnesota | 4 | $ 507,000 | $ 126,000 | $ 79,000 |
| Redwood County Minnesota | 4 | $ 803,000 | $ 200,000 | $ 128,000 |
| Waseca County Minnesota | 4 | $ 589,000 | $ 147,000 | $ 67,000 |
| Nelson County North Dakota | 4 | $ 281,000 | $ 70,000 | $ 89,000 |
| Walsh County North Dakota | 4 | $ 478,000 | $ 119,000 | $ 89,000 |
| Butte County South Dakota | 4 | $ 658,000 | $ 164,000 | $ 0 |
| Custer County South Dakota | 4 | $ 809,000 | $ 202,000 | $ 0 |
| Barron County Wisconsin | 4 | $ 735,000 | $ 183,000 | $ 741,000 |
| Bayfield County Wisconsin | 4 | $ 575,000 | $ 143,000 | $ 80,000 |
| Milwaukee County Wisconsin | 4 | $ 1,862,000 | $ 465,000 | $ 77,000 |
| Pepin County Wisconsin | 4 | $ 633,000 | $ 158,000 | $ 75,000 |
| Sawyer County Wisconsin | 4 | $ 677,000 | $ 169,000 | $ 107,000 |
| St. Croix County Wisconsin | 4 | $ 1,024,000 | $ 256,000 | $ 95,000 |
| Des Moines County Iowa | 3 | $ 244,000 | $ 81,000 | $ 42,000 |
| Polk County Iowa | 3 | $ 582,000 | $ 194,000 | $ 103,000 |
| Clay County Minnesota | 3 | $ 524,000 | $ 174,000 | $ 119,000 |
| Lake County Minnesota | 3 | $ 633,000 | $ 211,000 | $ 142,000 |
| Benson County North Dakota | 3 | $ 497,000 | $ 165,000 | $ 150,000 |
| Hettinger County North Dakota | 3 | $ 546,000 | $ 182,000 | $ 111,000 |
| Pierce County North Dakota | 3 | $ 335,000 | $ 111,000 | $ 68,000 |
| Ward County North Dakota | 3 | $ 592,000 | $ 197,000 | $ 107,000 |
| Dunn County Wisconsin | 3 | $ 633,000 | $ 211,000 | $ 210,000 |
| Washburn County Wisconsin | 3 | $ 528,000 | $ 176,000 | $ 104,000 |
| Hancock County Iowa | 2 | $ 196,000 | $ 98,000 | $ 83,000 |
| Johnson County Iowa | 2 | $ 424,000 | $ 212,000 | $ 0 |
| Madison County Iowa | 2 | $ 355,000 | $ 177,000 | $ 111,000 |
| Itasca County Minnesota | 2 | $ 241,000 | $ 120,000 | $ 72,000 |
| Le Sueur County Minnesota | 2 | $ 821,000 | $ 410,000 | $ 139,000 |
| Lincoln County Minnesota | 2 | $ 140,000 | $ 70,000 | $ 42,000 |
| McLeod County Minnesota | 2 | $ 209,000 | $ 104,000 | $ 52,000 |
| Mille Lacs County Minnesota | 2 | $ 203,000 | $ 101,000 | $ 70,000 |
| Pennington County Minnesota | 2 | $ 350,000 | $ 175,000 | $ 83,000 |
| Roseau County Minnesota | 2 | $ 155,000 | $ 77,000 | $ 52,000 |
| Swift County Minnesota | 2 | $ 161,000 | $ 80,000 | $ 71,000 |
| Todd County Minnesota | 2 | $ 480,000 | $ 240,000 | $ 118,000 |
| Watonwan County Minnesota | 2 | $ 240,000 | $ 120,000 | $ 48,000 |
| Yellow Medicine County Minnesota | 2 | $ 135,000 | $ 67,000 | $ 40,000 |
| Burleigh County North Dakota | 2 | $ 319,000 | $ 159,000 | $ 167,000 |
| LaMoure County North Dakota | 2 | $ 283,000 | $ 141,000 | $ 188,000 |
| McHenry County North Dakota | 2 | $ 385,000 | $ 192,000 | $ 100,000 |
| Morton County North Dakota | 2 | $ 376,000 | $ 188,000 | $ 61,000 |
| Mountrail County North Dakota | 2 | $ 338,000 | $ 169,000 | $ 103,000 |
| Renville County North Dakota | 2 | $ 336,000 | $ 168,000 | $ 84,000 |
| Rolette County North Dakota | 2 | $ 251,000 | $ 125,000 | $ 78,000 |
| Towner County North Dakota | 2 | $ 206,000 | $ 103,000 | $ 141,000 |
| Ashland County Wisconsin | 2 | $ 478,000 | $ 239,000 | $ 258,000 |
| Brown County Wisconsin | 2 | $ 485,000 | $ 242,000 | $ 168,000 |
| Burnett County Wisconsin | 2 | $ 280,000 | $ 140,000 | $ 162,000 |
| Dane County Wisconsin | 2 | $ 359,000 | $ 179,000 | $ 123,000 |
| Door County Wisconsin | 2 | $ 267,000 | $ 133,000 | $ 53,000 |
| Polk County Wisconsin | 2 | $ 357,000 | $ 178,000 | $ 121,000 |
| Rusk County Wisconsin | 2 | $ 241,000 | $ 120,000 | $ 101,000 |
| Pinal County Arizona | 1 | $ 150,000 | $ 150,000 | $ 500,000 |
| Denver County Colorado | 1 | $ 280,000 | $ 280,000 | $ 496,000 |
| Gunnison County Colorado | 1 | $ 132,000 | $ 132,000 | $ 74,000 |
| Larimer County Colorado | 1 | $ 146,000 | $ 146,000 | $ 147,000 |
| Bay County Florida | 1 | $ 139,000 | $ 139,000 | $ 63,000 |
| Collier County Florida | 1 | $ 499,000 | $ 499,000 | $ 271,000 |
| Hillsborough County Florida | 1 | $ 191,000 | $ 191,000 | $ 84,000 |
| Martin County Florida | 1 | $ 200,000 | $ 200,000 | $ 383,000 |
| Volusia County Florida | 1 | $ 251,000 | $ 251,000 | $ 90,000 |
| McHenry County Illinois | 1 | $ 186,000 | $ 186,000 | $ 47,000 |
| Will County Illinois | 1 | $ 308,000 | $ 308,000 | $ 93,000 |
| Johnson County Indiana | 1 | $ 88,000 | $ 88,000 | $ 57,000 |
| St. Joseph County Indiana | 1 | $ 218,000 | $ 218,000 | $ 0 |
| Bremer County Iowa | 1 | $ 330,000 | $ 330,000 | $ 0 |
| Dickinson County Iowa | 1 | $ 130,000 | $ 130,000 | $ 86,000 |
| Keokuk County Iowa | 1 | $ 96,000 | $ 96,000 | $ 0 |
| Louisa County Iowa | 1 | $ 126,000 | $ 126,000 | $ 0 |
| Lyon County Iowa | 1 | $ 43,000 | $ 43,000 | $ 88,000 |
| Mitchell County Iowa | 1 | $ 115,000 | $ 115,000 | $ 85,000 |
| Osceola County Iowa | 1 | $ 70,000 | $ 70,000 | $ 39,000 |
| Pottawattamie County Iowa | 1 | $ 172,000 | $ 172,000 | $ 100,000 |
| Scott County Iowa | 1 | $ 250,000 | $ 250,000 | $ 104,000 |
| Story County Iowa | 1 | $ 320,000 | $ 320,000 | $ 154,000 |
| Van Buren County Iowa | 1 | $ 45,000 | $ 45,000 | $ 0 |
| Warren County Iowa | 1 | $ 283,000 | $ 283,000 | $ 200,000 |
| Worth County Iowa | 1 | $ 60,000 | $ 60,000 | $ 46,000 |
| Gogebic County Michigan | 1 | $ 73,000 | $ 73,000 | $ 53,000 |
| Carlton County Minnesota | 1 | $ 79,000 | $ 79,000 | $ 48,000 |
| Kanabec County Minnesota | 1 | $ 88,000 | $ 88,000 | $ 58,000 |
| Koochiching County Minnesota | 1 | $ 128,000 | $ 128,000 | $ 176,000 |
| Lac qui Parle County Minnesota | 1 | $ 40,000 | $ 40,000 | $ 47,000 |
| Morrison County Minnesota | 1 | $ 210,000 | $ 210,000 | $ 80,000 |
| Sibley County Minnesota | 1 | $ 90,000 | $ 90,000 | $ 44,000 |
| Lowndes County Mississippi | 1 | $ 116,000 | $ 116,000 | $ 86,000 |
| Cavalier County North Dakota | 1 | $ 80,000 | $ 80,000 | $ 162,000 |
| Dunn County North Dakota | 1 | $ 176,000 | $ 176,000 | $ 78,000 |
| Eddy County North Dakota | 1 | $ 171,000 | $ 171,000 | $ 69,000 |
| Golden Valley County North Dakota | 1 | $ 376,000 | $ 376,000 | $ 189,000 |
| Steele County North Dakota | 1 | $ 75,000 | $ 75,000 | $ 55,000 |
| Stutsman County North Dakota | 1 | $ 130,000 | $ 130,000 | $ 126,000 |
| Hamlin County South Dakota | 1 | $ 117,000 | $ 117,000 | $ 129,000 |
| Hughes County South Dakota | 1 | $ 106,000 | $ 106,000 | $ 58,000 |
| Lincoln County South Dakota | 1 | $ 116,000 | $ 116,000 | $ 36,000 |
| Minnehaha County South Dakota | 1 | $ 220,000 | $ 220,000 | $ 46,000 |
| Roberts County South Dakota | 1 | $ 250,000 | $ 250,000 | $ 216,000 |
| Thurston County Washington | 1 | $ 184,000 | $ 184,000 | $ 54,000 |
| Adams County Wisconsin | 1 | $ 148,000 | $ 148,000 | $ 51,000 |
| Columbia County Wisconsin | 1 | $ 54,000 | $ 54,000 | $ 0 |
| Dodge County Wisconsin | 1 | $ 144,000 | $ 144,000 | $ 61,000 |
| Iron County Wisconsin | 1 | $ 125,000 | $ 125,000 | $ 84,000 |
| Jackson County Wisconsin | 1 | $ 114,000 | $ 114,000 | $ 58,000 |
| Juneau County Wisconsin | 1 | $ 52,000 | $ 52,000 | $ 19,000 |
| Kewaunee County Wisconsin | 1 | $ 70,000 | $ 70,000 | $ 124,000 |
| Langlade County Wisconsin | 1 | $ 155,000 | $ 155,000 | $ 165,000 |
| Marquette County Wisconsin | 1 | $ 160,000 | $ 160,000 | $ 69,000 |
| Ozaukee County Wisconsin | 1 | $ 255,000 | $ 255,000 | $ 53,000 |
| Price County Wisconsin | 1 | $ 135,000 | $ 135,000 | $ 206,000 |
| Rock County Wisconsin | 1 | $ 120,000 | $ 120,000 | $ 91,000 |
| Waukesha County Wisconsin | 1 | $ 87,000 | $ 87,000 | $ 43,000 |
| Winnebago County Wisconsin | 1 | $ 219,000 | $ 219,000 | $ 103,000 |
| Crook County Wyoming | 1 | $ 271,000 | $ 271,000 | $ 0 |
| Lincoln County Wyoming | 1 | $ 200,000 | $ 200,000 | $ 187,000 |
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 2014
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 | 1,503 | $279,035,000 | $185,000 | $9,600,000 | $90,000 | $1,827,000 |
| Refinancing | 1,044 | $160,497,000 | $153,000 | $1,550,000 | $83,000 | $2,652,000 |
| Home Improvement | 61 | $4,879,000 | $79,000 | $417,000 | $74,000 | $383,000 |
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 | 2,110 | $345,983,000 | $163,000 | $1,550,000 | $93,000 | $2,652,000 |
| Not Provided | 231 | $42,725,000 | $184,000 | $719,000 | $103,000 | $496,000 |
| Not applicable | 199 | $44,792,000 | $225,000 | $9,600,000 | $0 | $0 |
| Asian | 24 | $3,830,000 | $159,000 | $417,000 | $79,000 | $263,000 |
| Hispanic | 24 | $3,517,000 | $146,000 | $358,000 | $78,000 | $261,000 |
| Black or African American | 10 | $2,061,000 | $206,000 | $405,000 | $99,000 | $220,000 |
| American Indian or Alaskan Native | 7 | $1,092,000 | $156,000 | $338,000 | $91,000 | $220,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $411,000 | $137,000 | $246,000 | $75,000 | $108,000 |
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) | 2,448 | $422,416,000 | $172,000 | $9,600,000 | $89,000 | $2,652,000 |
| FHA-insured (Federal Housing Administration) | 79 | $10,562,000 | $133,000 | $243,000 | $54,000 | $127,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 45 | $5,146,000 | $114,000 | $188,000 | $44,000 | $72,000 |
| VA-guaranteed (Veterans Administration) | 36 | $6,287,000 | $174,000 | $387,000 | $69,000 | $158,000 |
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 | 2,097 | $359,989,000 | $171,000 | $9,600,000 | $91,000 | $2,652,000 |
| Application Approved But Not Accepted | 225 | $37,542,000 | $166,000 | $750,000 | $92,000 | $521,000 |
| Application Denied By Financial Institution | 145 | $22,854,000 | $157,000 | $709,000 | $81,000 | $431,000 |
| Loan Purchased By The Institution | 111 | $19,753,000 | $177,000 | $410,000 | $0 | $0 |
| Application Withdrawn By Applicant | 20 | $2,118,000 | $105,000 | $191,000 | $61,000 | $183,000 |
| File Closed For Incompleteness | 10 | $2,155,000 | $215,000 | $417,000 | $93,000 | $192,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 48 | $5,830,000 | $121,000 | $358,000 | $59,000 | $404,000 |
| Debt-To-Income Ratio | 42 | $6,426,000 | $153,000 | $417,000 | $63,000 | $232,000 |
| Collateral | 30 | $6,256,000 | $208,000 | $709,000 | $114,000 | $377,000 |
| Other | 15 | $2,507,000 | $167,000 | $300,000 | $151,000 | $431,000 |
| Employment History | 5 | $1,202,000 | $240,000 | $416,000 | $86,000 | $170,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $310,000 | $103,000 | $183,000 | $58,000 | $88,000 |
| Unverifiable Information | 2 | $323,000 | $161,000 | $260,000 | $27,000 | $31,000 |
| 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.