Merchants Bank, National Association
Mortgage Loan Application
Totals and Details
for 2015
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 | 3,478 |
| Total Mortgage Loan Application Amount | $632,136,000 |
| Average Mortgage Loan Application Amount | $159,333 |
| Highest Mortgage Loan Application Amount | $14,000,000 |
| Average Applicant Income | $86,000 |
| Highest Applicant Income | $1,761,000 |
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 | 480 | $ 70,570,000 | $ 147,000 | $ 76,000 |
| La Crosse County Wisconsin | 266 | $ 57,735,000 | $ 217,000 | $ 87,000 |
| Dakota County Minnesota | 208 | $ 44,188,000 | $ 212,000 | $ 98,000 |
| Olmsted County Minnesota | 203 | $ 37,822,000 | $ 186,000 | $ 94,000 |
| Houston County Minnesota | 183 | $ 27,146,000 | $ 148,000 | $ 75,000 |
| Otter Tail County Minnesota | 150 | $ 25,961,000 | $ 173,000 | $ 99,000 |
| Hennepin County Minnesota | 117 | $ 28,818,000 | $ 246,000 | $ 107,000 |
| Goodhue County Minnesota | 110 | $ 21,803,000 | $ 198,000 | $ 84,000 |
| Fillmore County Minnesota | 89 | $ 10,713,000 | $ 120,000 | $ 66,000 |
| Washington County Minnesota | 78 | $ 22,498,000 | $ 288,000 | $ 143,000 |
| Scott County Minnesota | 72 | $ 19,183,000 | $ 266,000 | $ 143,000 |
| Hubbard County Minnesota | 50 | $ 8,541,000 | $ 170,000 | $ 95,000 |
| Grand Forks County North Dakota | 50 | $ 8,582,000 | $ 171,000 | $ 116,000 |
| Rice County Minnesota | 47 | $ 8,199,000 | $ 174,000 | $ 77,000 |
| Eau Claire County Wisconsin | 45 | $ 12,073,000 | $ 268,000 | $ 69,000 |
| Buffalo County Wisconsin | 44 | $ 5,917,000 | $ 134,000 | $ 66,000 |
| Lawrence County South Dakota | 41 | $ 7,732,000 | $ 188,000 | $ 4,000 |
| Becker County Minnesota | 39 | $ 8,037,000 | $ 206,000 | $ 138,000 |
| Ramsey County Minnesota | 37 | $ 7,210,000 | $ 194,000 | $ 110,000 |
| Wright County Minnesota | 37 | $ 6,427,000 | $ 173,000 | $ 82,000 |
| St. Louis County Minnesota | 36 | $ 5,484,000 | $ 152,000 | $ 103,000 |
| Lyon County Minnesota | 32 | $ 4,848,000 | $ 151,000 | $ 77,000 |
| Cass County Minnesota | 30 | $ 4,879,000 | $ 162,000 | $ 106,000 |
| Pennington County South Dakota | 30 | $ 6,032,000 | $ 201,000 | $ 2,000 |
| Washington County Iowa | 29 | $ 3,998,000 | $ 137,000 | $ 0 |
| Nobles County Minnesota | 28 | $ 2,794,000 | $ 99,000 | $ 64,000 |
| McLean County North Dakota | 28 | $ 5,313,000 | $ 189,000 | $ 96,000 |
| Winnebago County Illinois | 26 | $ 4,411,000 | $ 169,000 | $ 143,000 |
| Wabasha County Minnesota | 26 | $ 4,010,000 | $ 154,000 | $ 74,000 |
| Polk County Minnesota | 25 | $ 3,320,000 | $ 132,000 | $ 74,000 |
| Cass County North Dakota | 25 | $ 5,673,000 | $ 226,000 | $ 120,000 |
| Anoka County Minnesota | 23 | $ 5,603,000 | $ 243,000 | $ 89,000 |
| Carver County Minnesota | 23 | $ 6,797,000 | $ 295,000 | $ 157,000 |
| Blue Earth County Minnesota | 21 | $ 3,994,000 | $ 190,000 | $ 85,000 |
| Trempealeau County Wisconsin | 21 | $ 4,407,000 | $ 209,000 | $ 76,000 |
| Stearns County Minnesota | 20 | $ 4,046,000 | $ 202,000 | $ 93,000 |
| Jefferson County Iowa | 19 | $ 3,253,000 | $ 171,000 | $ 12,000 |
| Monroe County Wisconsin | 18 | $ 2,777,000 | $ 154,000 | $ 66,000 |
| Benton County Minnesota | 17 | $ 3,051,000 | $ 179,000 | $ 86,000 |
| Dodge County Minnesota | 17 | $ 2,664,000 | $ 156,000 | $ 70,000 |
| Pierce County Wisconsin | 16 | $ 2,387,000 | $ 149,000 | $ 82,000 |
| Kandiyohi County Minnesota | 15 | $ 2,456,000 | $ 163,000 | $ 107,000 |
| Steele County Minnesota | 15 | $ 1,944,000 | $ 129,000 | $ 74,000 |
| Mercer County North Dakota | 15 | $ 2,696,000 | $ 179,000 | $ 102,000 |
| Douglas County Minnesota | 14 | $ 2,850,000 | $ 203,000 | $ 95,000 |
| Butte County South Dakota | 14 | $ 1,755,000 | $ 125,000 | $ 0 |
| Chippewa County Wisconsin | 14 | $ 2,712,000 | $ 193,000 | $ 77,000 |
| Cerro Gordo County Iowa | 13 | $ 1,391,000 | $ 107,000 | $ 56,000 |
| McKenzie County North Dakota | 13 | $ 2,962,000 | $ 227,000 | $ 102,000 |
| Ramsey County North Dakota | 13 | $ 2,389,000 | $ 183,000 | $ 98,000 |
| Meade County South Dakota | 13 | $ 2,862,000 | $ 220,000 | $ 0 |
| Faribault County Minnesota | 12 | $ 1,225,000 | $ 102,000 | $ 80,000 |
| Jackson County Minnesota | 12 | $ 1,553,000 | $ 129,000 | $ 65,000 |
| Nicollet County Minnesota | 12 | $ 2,125,000 | $ 177,000 | $ 118,000 |
| Pembina County North Dakota | 12 | $ 1,191,000 | $ 99,000 | $ 69,000 |
| Vernon County Wisconsin | 12 | $ 2,090,000 | $ 174,000 | $ 93,000 |
| Mower County Minnesota | 11 | $ 1,808,000 | $ 164,000 | $ 76,000 |
| Chisago County Minnesota | 10 | $ 2,503,000 | $ 250,000 | $ 92,000 |
| Meeker County Minnesota | 10 | $ 1,388,000 | $ 138,000 | $ 69,000 |
| Mille Lacs County Minnesota | 10 | $ 1,808,000 | $ 180,000 | $ 120,000 |
| Crow Wing County Minnesota | 9 | $ 1,267,000 | $ 140,000 | $ 103,000 |
| Sherburne County Minnesota | 9 | $ 2,162,000 | $ 240,000 | $ 82,000 |
| Cottonwood County Minnesota | 8 | $ 766,000 | $ 95,000 | $ 65,000 |
| Sibley County Minnesota | 8 | $ 866,000 | $ 108,000 | $ 78,000 |
| Maricopa County Arizona | 7 | $ 1,241,000 | $ 177,000 | $ 107,000 |
| Allamakee County Iowa | 7 | $ 931,000 | $ 133,000 | $ 42,000 |
| Beltrami County Minnesota | 7 | $ 893,000 | $ 127,000 | $ 107,000 |
| Grant County Minnesota | 7 | $ 725,000 | $ 103,000 | $ 74,000 |
| Burleigh County North Dakota | 7 | $ 1,460,000 | $ 208,000 | $ 70,000 |
| St. Croix County Wisconsin | 7 | $ 1,001,000 | $ 143,000 | $ 196,000 |
| Freeborn County Minnesota | 6 | $ 669,000 | $ 111,000 | $ 49,000 |
| Le Sueur County Minnesota | 6 | $ 1,126,000 | $ 187,000 | $ 134,000 |
| Waseca County Minnesota | 6 | $ 881,000 | $ 146,000 | $ 47,000 |
| Jackson County Wisconsin | 6 | $ 1,543,000 | $ 257,000 | $ 149,000 |
| Boone County Illinois | 5 | $ 1,328,000 | $ 265,000 | $ 246,000 |
| Linn County Iowa | 5 | $ 1,159,000 | $ 231,000 | $ 137,000 |
| Aitkin County Minnesota | 5 | $ 683,000 | $ 136,000 | $ 76,000 |
| Brown County Minnesota | 5 | $ 902,000 | $ 180,000 | $ 76,000 |
| Kanabec County Minnesota | 5 | $ 599,000 | $ 119,000 | $ 52,000 |
| Watonwan County Minnesota | 5 | $ 395,000 | $ 79,000 | $ 60,000 |
| Crawford County Wisconsin | 5 | $ 1,322,000 | $ 264,000 | $ 57,000 |
| Douglas County Wisconsin | 5 | $ 729,000 | $ 145,000 | $ 95,000 |
| Dunn County Wisconsin | 5 | $ 739,000 | $ 147,000 | $ 326,000 |
| Sawyer County Wisconsin | 5 | $ 993,000 | $ 198,000 | $ 103,000 |
| Henry County Iowa | 4 | $ 502,000 | $ 125,000 | $ 63,000 |
| Johnson County Iowa | 4 | $ 898,000 | $ 224,000 | $ 118,000 |
| Lee County Iowa | 4 | $ 716,000 | $ 179,000 | $ 75,000 |
| Martin County Minnesota | 4 | $ 718,000 | $ 179,000 | $ 134,000 |
| McLeod County Minnesota | 4 | $ 432,000 | $ 108,000 | $ 71,000 |
| Mountrail County North Dakota | 4 | $ 917,000 | $ 229,000 | $ 121,000 |
| Stark County North Dakota | 4 | $ 897,000 | $ 224,000 | $ 93,000 |
| Towner County North Dakota | 4 | $ 306,000 | $ 76,000 | $ 83,000 |
| Barron County Wisconsin | 4 | $ 432,000 | $ 108,000 | $ 109,000 |
| Bayfield County Wisconsin | 4 | $ 600,000 | $ 150,000 | $ 183,000 |
| Columbia County Wisconsin | 4 | $ 463,000 | $ 115,000 | $ 91,000 |
| Juneau County Wisconsin | 4 | $ 525,000 | $ 131,000 | $ 110,000 |
| Manitowoc County Wisconsin | 4 | $ 595,000 | $ 148,000 | $ 99,000 |
| Polk County Wisconsin | 4 | $ 634,000 | $ 158,000 | $ 89,000 |
| Winneshiek County Iowa | 3 | $ 187,000 | $ 62,000 | $ 55,000 |
| Carlton County Minnesota | 3 | $ 363,000 | $ 121,000 | $ 38,000 |
| Clay County Minnesota | 3 | $ 475,000 | $ 158,000 | $ 71,000 |
| Itasca County Minnesota | 3 | $ 711,000 | $ 237,000 | $ 100,000 |
| Lincoln County Minnesota | 3 | $ 176,000 | $ 58,000 | $ 69,000 |
| Murray County Minnesota | 3 | $ 620,000 | $ 206,000 | $ 135,000 |
| Pope County Minnesota | 3 | $ 921,000 | $ 307,000 | $ 190,000 |
| Gallatin County Montana | 3 | $ 852,000 | $ 284,000 | $ 820,000 |
| Dunn County North Dakota | 3 | $ 409,000 | $ 136,000 | $ 66,000 |
| Oliver County North Dakota | 3 | $ 717,000 | $ 239,000 | $ 98,000 |
| Steele County North Dakota | 3 | $ 165,000 | $ 55,000 | $ 79,000 |
| Tripp County South Dakota | 3 | $ 398,000 | $ 132,000 | $ 141,000 |
| Pinal County Arizona | 2 | $ 527,000 | $ 263,000 | $ 352,000 |
| Chickasaw County Iowa | 2 | $ 344,000 | $ 172,000 | $ 48,000 |
| Des Moines County Iowa | 2 | $ 448,000 | $ 224,000 | $ 92,000 |
| Jones County Iowa | 2 | $ 308,000 | $ 154,000 | $ 63,000 |
| Keokuk County Iowa | 2 | $ 240,000 | $ 120,000 | $ 0 |
| Marion County Iowa | 2 | $ 300,000 | $ 150,000 | $ 53,000 |
| Polk County Iowa | 2 | $ 403,000 | $ 201,000 | $ 0 |
| Big Stone County Minnesota | 2 | $ 305,000 | $ 152,000 | $ 51,000 |
| Isanti County Minnesota | 2 | $ 283,000 | $ 141,000 | $ 65,000 |
| Kittson County Minnesota | 2 | $ 236,000 | $ 118,000 | $ 145,000 |
| Marshall County Minnesota | 2 | $ 279,000 | $ 139,000 | $ 68,000 |
| Morrison County Minnesota | 2 | $ 278,000 | $ 139,000 | $ 58,000 |
| Pine County Minnesota | 2 | $ 369,000 | $ 184,000 | $ 213,000 |
| Todd County Minnesota | 2 | $ 335,000 | $ 167,000 | $ 82,000 |
| Wadena County Minnesota | 2 | $ 292,000 | $ 146,000 | $ 74,000 |
| Douglas County Nebraska | 2 | $ 300,000 | $ 150,000 | $ 281,000 |
| Lancaster County Nebraska | 2 | $ 264,000 | $ 132,000 | $ 105,000 |
| Benson County North Dakota | 2 | $ 147,000 | $ 73,000 | $ 52,000 |
| Bowman County North Dakota | 2 | $ 325,000 | $ 162,000 | $ 94,000 |
| LaMoure County North Dakota | 2 | $ 119,000 | $ 59,000 | $ 65,000 |
| Nelson County North Dakota | 2 | $ 180,000 | $ 90,000 | $ 59,000 |
| Custer County South Dakota | 2 | $ 371,000 | $ 185,000 | $ 0 |
| Gregory County South Dakota | 2 | $ 379,000 | $ 189,000 | $ 77,000 |
| Harding County South Dakota | 2 | $ 206,000 | $ 103,000 | $ 0 |
| Cameron County Texas | 2 | $ 274,000 | $ 137,000 | $ 80,000 |
| Adams County Wisconsin | 2 | $ 302,000 | $ 151,000 | $ 411,000 |
| Burnett County Wisconsin | 2 | $ 187,000 | $ 93,000 | $ 53,000 |
| Dane County Wisconsin | 2 | $ 515,000 | $ 257,000 | $ 204,000 |
| Milwaukee County Wisconsin | 2 | $ 168,000 | $ 84,000 | $ 73,000 |
| Pepin County Wisconsin | 2 | $ 428,000 | $ 214,000 | $ 104,000 |
| Richland County Wisconsin | 2 | $ 455,000 | $ 227,000 | $ 52,000 |
| Rusk County Wisconsin | 2 | $ 329,000 | $ 164,000 | $ 56,000 |
| Vilas County Wisconsin | 2 | $ 511,000 | $ 255,000 | $ 420,000 |
| Waukesha County Wisconsin | 2 | $ 313,000 | $ 156,000 | $ 129,000 |
| Yuma County Arizona | 1 | $ 200,000 | $ 200,000 | $ 140,000 |
| Arapahoe County Colorado | 1 | $ 81,000 | $ 81,000 | $ 132,000 |
| Denver County Colorado | 1 | $ 108,000 | $ 108,000 | $ 60,000 |
| Eagle County Colorado | 1 | $ 360,000 | $ 360,000 | $ 98,000 |
| Charlotte County Florida | 1 | $ 124,000 | $ 124,000 | $ 65,000 |
| Lee County Florida | 1 | $ 379,000 | $ 379,000 | $ 325,000 |
| Pinellas County Florida | 1 | $ 60,000 | $ 60,000 | $ 152,000 |
| Sarasota County Florida | 1 | $ 100,000 | $ 100,000 | $ 76,000 |
| Sumter County Florida | 1 | $ 206,000 | $ 206,000 | $ 336,000 |
| Cook County Illinois | 1 | $ 192,000 | $ 192,000 | $ 70,000 |
| DuPage County Illinois | 1 | $ 1,035,000 | $ 1,035,000 | $ 237,000 |
| Kane County Illinois | 1 | $ 275,000 | $ 275,000 | $ 141,000 |
| Ogle County Illinois | 1 | $ 100,000 | $ 100,000 | $ 102,000 |
| Whiteside County Illinois | 1 | $ 60,000 | $ 60,000 | $ 203,000 |
| Black Hawk County Iowa | 1 | $ 117,000 | $ 117,000 | $ 0 |
| Bremer County Iowa | 1 | $ 275,000 | $ 275,000 | $ 0 |
| Clay County Iowa | 1 | $ 111,000 | $ 111,000 | $ 37,000 |
| Dallas County Iowa | 1 | $ 80,000 | $ 80,000 | $ 35,000 |
| Floyd County Iowa | 1 | $ 173,000 | $ 173,000 | $ 85,000 |
| Hancock County Iowa | 1 | $ 175,000 | $ 175,000 | $ 66,000 |
| Jasper County Iowa | 1 | $ 360,000 | $ 360,000 | $ 92,000 |
| Madison County Iowa | 1 | $ 197,000 | $ 197,000 | $ 115,000 |
| Mitchell County Iowa | 1 | $ 50,000 | $ 50,000 | $ 58,000 |
| Van Buren County Iowa | 1 | $ 116,000 | $ 116,000 | $ 54,000 |
| Wapello County Iowa | 1 | $ 74,000 | $ 74,000 | $ 0 |
| Washtenaw County Michigan | 1 | $ 120,000 | $ 120,000 | $ 279,000 |
| Chippewa County Minnesota | 1 | $ 158,000 | $ 158,000 | $ 149,000 |
| Norman County Minnesota | 1 | $ 50,000 | $ 50,000 | $ 224,000 |
| Renville County Minnesota | 1 | $ 35,000 | $ 35,000 | $ 47,000 |
| Roseau County Minnesota | 1 | $ 98,000 | $ 98,000 | $ 93,000 |
| Yellow Medicine County Minnesota | 1 | $ 91,000 | $ 91,000 | $ 44,000 |
| Clark County Missouri | 1 | $ 72,000 | $ 72,000 | $ 20,000 |
| Missoula County Montana | 1 | $ 776,000 | $ 776,000 | $ 0 |
| Cass County Nebraska | 1 | $ 76,000 | $ 76,000 | $ 83,000 |
| Sarpy County Nebraska | 1 | $ 187,000 | $ 187,000 | $ 118,000 |
| Seward County Nebraska | 1 | $ 100,000 | $ 100,000 | $ 103,000 |
| Iredell County North Carolina | 1 | $ 1,785,000 | $ 1,785,000 | $ 1,761,000 |
| Billings County North Dakota | 1 | $ 95,000 | $ 95,000 | $ 197,000 |
| Bottineau County North Dakota | 1 | $ 164,000 | $ 164,000 | $ 56,000 |
| Dickey County North Dakota | 1 | $ 125,000 | $ 125,000 | $ 189,000 |
| Eddy County North Dakota | 1 | $ 69,000 | $ 69,000 | $ 45,000 |
| Emmons County North Dakota | 1 | $ 62,000 | $ 62,000 | $ 48,000 |
| Hettinger County North Dakota | 1 | $ 90,000 | $ 90,000 | $ 52,000 |
| McHenry County North Dakota | 1 | $ 245,000 | $ 245,000 | $ 85,000 |
| Morton County North Dakota | 1 | $ 330,000 | $ 330,000 | $ 109,000 |
| Pierce County North Dakota | 1 | $ 235,000 | $ 235,000 | $ 102,000 |
| Ransom County North Dakota | 1 | $ 257,000 | $ 257,000 | $ 207,000 |
| Rolette County North Dakota | 1 | $ 52,000 | $ 52,000 | $ 76,000 |
| Slope County North Dakota | 1 | $ 105,000 | $ 105,000 | $ 107,000 |
| Traill County North Dakota | 1 | $ 105,000 | $ 105,000 | $ 64,000 |
| Walsh County North Dakota | 1 | $ 52,000 | $ 52,000 | $ 45,000 |
| Ward County North Dakota | 1 | $ 85,000 | $ 85,000 | $ 125,000 |
| Tulsa County Oklahoma | 1 | $ 76,000 | $ 76,000 | $ 82,000 |
| Bennett County South Dakota | 1 | $ 50,000 | $ 50,000 | $ 0 |
| Brookings County South Dakota | 1 | $ 133,000 | $ 133,000 | $ 171,000 |
| Fall River County South Dakota | 1 | $ 349,000 | $ 349,000 | $ 0 |
| Haakon County South Dakota | 1 | $ 76,000 | $ 76,000 | $ 0 |
| Lincoln County South Dakota | 1 | $ 230,000 | $ 230,000 | $ 96,000 |
| Minnehaha County South Dakota | 1 | $ 100,000 | $ 100,000 | $ 0 |
| Roberts County South Dakota | 1 | $ 136,000 | $ 136,000 | $ 184,000 |
| Spink County South Dakota | 1 | $ 80,000 | $ 80,000 | $ 51,000 |
| Brown County Wisconsin | 1 | $ 116,000 | $ 116,000 | $ 89,000 |
| Kenosha County Wisconsin | 1 | $ 182,000 | $ 182,000 | $ 65,000 |
| Marathon County Wisconsin | 1 | $ 152,000 | $ 152,000 | $ 56,000 |
| Ozaukee County Wisconsin | 1 | $ 184,000 | $ 184,000 | $ 61,000 |
| Rock County Wisconsin | 1 | $ 104,000 | $ 104,000 | $ 26,000 |
| Sauk County Wisconsin | 1 | $ 190,000 | $ 190,000 | $ 52,000 |
| Sheboygan County Wisconsin | 1 | $ 246,000 | $ 246,000 | $ 63,000 |
| Washburn County Wisconsin | 1 | $ 209,000 | $ 209,000 | $ 106,000 |
| Wood County Wisconsin | 1 | $ 70,000 | $ 70,000 | $ 103,000 |
| Crook County Wyoming | 1 | $ 268,000 | $ 268,000 | $ 0 |
| Natrona County Wyoming | 1 | $ 225,000 | $ 225,000 | $ 0 |
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 2015
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 | 1,816 | $337,420,000 | $185,000 | $2,461,000 | $90,000 | $1,761,000 |
| Refinancing | 1,564 | $283,686,000 | $181,000 | $14,000,000 | $90,000 | $1,553,000 |
| Home Improvement | 98 | $11,030,000 | $112,000 | $1,680,000 | $78,000 | $395,000 |
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 | 2,754 | $475,328,000 | $172,000 | $2,461,000 | $96,000 | $1,761,000 |
| Not Provided | 322 | $63,910,000 | $198,000 | $1,150,000 | $119,000 | $1,553,000 |
| Not applicable | 300 | $75,905,000 | $253,000 | $14,000,000 | $0 | $0 |
| Hispanic | 41 | $5,574,000 | $135,000 | $400,000 | $80,000 | $345,000 |
| Asian | 38 | $7,721,000 | $203,000 | $417,000 | $110,000 | $535,000 |
| Black or African American | 10 | $1,910,000 | $191,000 | $332,000 | $126,000 | $307,000 |
| American Indian or Alaskan Native | 7 | $1,115,000 | $159,000 | $252,000 | $93,000 | $153,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $673,000 | $112,000 | $195,000 | $75,000 | $117,000 |
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) | 3,294 | $605,077,000 | $183,000 | $14,000,000 | $91,000 | $1,761,000 |
| FHA-insured (Federal Housing Administration) | 84 | $12,098,000 | $144,000 | $271,000 | $59,000 | $118,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 55 | $6,627,000 | $120,000 | $238,000 | $44,000 | $88,000 |
| VA-guaranteed (Veterans Administration) | 45 | $8,334,000 | $185,000 | $405,000 | $70,000 | $218,000 |
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 | 2,680 | $489,692,000 | $182,000 | $14,000,000 | $94,000 | $1,761,000 |
| Application Approved But Not Accepted | 414 | $75,011,000 | $181,000 | $1,071,000 | $96,000 | $988,000 |
| Loan Purchased By The Institution | 160 | $28,506,000 | $178,000 | $417,000 | $0 | $0 |
| Application Denied By Financial Institution | 156 | $25,773,000 | $165,000 | $550,000 | $75,000 | $600,000 |
| Application Withdrawn By Applicant | 59 | $11,958,000 | $202,000 | $610,000 | $106,000 | $341,000 |
| File Closed For Incompleteness | 9 | $1,196,000 | $132,000 | $255,000 | $94,000 | $204,000 |
| 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 | 52 | $8,125,000 | $156,000 | $550,000 | $74,000 | $315,000 |
| Debt-To-Income Ratio | 49 | $8,610,000 | $175,000 | $417,000 | $64,000 | $274,000 |
| Collateral | 33 | $5,997,000 | $181,000 | $417,000 | $108,000 | $600,000 |
| Other | 8 | $975,000 | $121,000 | $243,000 | $71,000 | $117,000 |
| Unverifiable Information | 7 | $1,324,000 | $189,000 | $275,000 | $31,000 | $87,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $510,000 | $127,000 | $172,000 | $70,000 | $118,000 |
| Employment History | 3 | $232,000 | $77,000 | $92,000 | $32,000 | $37,000 |
| 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.