Merchants Bank, National Association
Mortgage Loan Application
Totals and Details
for 2016
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 | 3,489 |
| Total Mortgage Loan Application Amount | $652,844,000 |
| Average Mortgage Loan Application Amount | $175,000 |
| Highest Mortgage Loan Application Amount | $5,420,000 |
| Average Applicant Income | $87,666 |
| Highest Applicant Income | $776,000 |
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 | 450 | $ 70,488,000 | $ 156,000 | $ 84,000 |
| Dakota County Minnesota | 243 | $ 57,892,000 | $ 238,000 | $ 104,000 |
| La Crosse County Wisconsin | 230 | $ 45,852,000 | $ 199,000 | $ 104,000 |
| Houston County Minnesota | 194 | $ 28,670,000 | $ 147,000 | $ 76,000 |
| Olmsted County Minnesota | 193 | $ 36,373,000 | $ 188,000 | $ 93,000 |
| Otter Tail County Minnesota | 192 | $ 30,395,000 | $ 158,000 | $ 83,000 |
| Hennepin County Minnesota | 127 | $ 37,305,000 | $ 293,000 | $ 122,000 |
| Goodhue County Minnesota | 108 | $ 19,490,000 | $ 180,000 | $ 94,000 |
| Fillmore County Minnesota | 83 | $ 10,677,000 | $ 128,000 | $ 82,000 |
| Washington County Minnesota | 70 | $ 17,616,000 | $ 251,000 | $ 116,000 |
| Scott County Minnesota | 55 | $ 19,557,000 | $ 355,000 | $ 149,000 |
| Wright County Minnesota | 54 | $ 11,152,000 | $ 206,000 | $ 103,000 |
| Hubbard County Minnesota | 53 | $ 9,015,000 | $ 170,000 | $ 92,000 |
| St. Louis County Minnesota | 52 | $ 7,482,000 | $ 143,000 | $ 67,000 |
| Grand Forks County North Dakota | 46 | $ 9,119,000 | $ 198,000 | $ 89,000 |
| Lyon County Minnesota | 45 | $ 7,221,000 | $ 160,000 | $ 97,000 |
| Lawrence County South Dakota | 40 | $ 9,322,000 | $ 233,000 | $ 0 |
| Ramsey County Minnesota | 37 | $ 7,413,000 | $ 200,000 | $ 119,000 |
| Trempealeau County Wisconsin | 37 | $ 6,424,000 | $ 173,000 | $ 98,000 |
| Washington County Iowa | 34 | $ 6,006,000 | $ 176,000 | $ 0 |
| Becker County Minnesota | 33 | $ 5,337,000 | $ 161,000 | $ 88,000 |
| Pennington County South Dakota | 31 | $ 5,659,000 | $ 182,000 | $ 0 |
| Eau Claire County Wisconsin | 31 | $ 5,515,000 | $ 177,000 | $ 71,000 |
| Winnebago County Illinois | 29 | $ 4,512,000 | $ 155,000 | $ 157,000 |
| Rice County Minnesota | 29 | $ 6,194,000 | $ 213,000 | $ 94,000 |
| Carver County Minnesota | 27 | $ 8,912,000 | $ 330,000 | $ 129,000 |
| McLean County North Dakota | 27 | $ 5,490,000 | $ 203,000 | $ 103,000 |
| Anoka County Minnesota | 26 | $ 6,848,000 | $ 263,000 | $ 120,000 |
| Polk County Minnesota | 26 | $ 3,715,000 | $ 142,000 | $ 73,000 |
| Blue Earth County Minnesota | 25 | $ 4,457,000 | $ 178,000 | $ 89,000 |
| Nobles County Minnesota | 25 | $ 3,138,000 | $ 125,000 | $ 83,000 |
| Crow Wing County Minnesota | 23 | $ 3,607,000 | $ 156,000 | $ 83,000 |
| Douglas County Minnesota | 23 | $ 4,551,000 | $ 197,000 | $ 85,000 |
| Wabasha County Minnesota | 23 | $ 3,530,000 | $ 153,000 | $ 79,000 |
| Faribault County Minnesota | 21 | $ 3,013,000 | $ 143,000 | $ 91,000 |
| Cass County North Dakota | 21 | $ 4,103,000 | $ 195,000 | $ 89,000 |
| Monroe County Wisconsin | 21 | $ 2,655,000 | $ 126,000 | $ 93,000 |
| Mercer County North Dakota | 20 | $ 3,440,000 | $ 172,000 | $ 93,000 |
| Buffalo County Wisconsin | 20 | $ 2,536,000 | $ 126,000 | $ 82,000 |
| Jefferson County Iowa | 19 | $ 2,439,000 | $ 128,000 | $ 0 |
| Cass County Minnesota | 18 | $ 3,925,000 | $ 218,000 | $ 94,000 |
| Sherburne County Minnesota | 18 | $ 4,321,000 | $ 240,000 | $ 124,000 |
| Stearns County Minnesota | 17 | $ 3,379,000 | $ 198,000 | $ 89,000 |
| Mille Lacs County Minnesota | 16 | $ 2,286,000 | $ 142,000 | $ 63,000 |
| Pierce County Wisconsin | 16 | $ 3,237,000 | $ 202,000 | $ 119,000 |
| Vernon County Wisconsin | 16 | $ 3,067,000 | $ 191,000 | $ 79,000 |
| Benton County Minnesota | 14 | $ 2,323,000 | $ 165,000 | $ 82,000 |
| Nicollet County Minnesota | 14 | $ 2,104,000 | $ 150,000 | $ 75,000 |
| Meade County South Dakota | 13 | $ 2,798,000 | $ 215,000 | $ 0 |
| Ramsey County North Dakota | 12 | $ 1,889,000 | $ 157,000 | $ 85,000 |
| Butte County South Dakota | 12 | $ 2,215,000 | $ 184,000 | $ 0 |
| Aitkin County Minnesota | 11 | $ 1,687,000 | $ 153,000 | $ 97,000 |
| Dodge County Minnesota | 11 | $ 1,428,000 | $ 129,000 | $ 107,000 |
| Grant County Minnesota | 11 | $ 2,114,000 | $ 192,000 | $ 117,000 |
| McKenzie County North Dakota | 11 | $ 1,835,000 | $ 166,000 | $ 89,000 |
| Freeborn County Minnesota | 10 | $ 1,763,000 | $ 176,000 | $ 69,000 |
| Kanabec County Minnesota | 10 | $ 1,852,000 | $ 185,000 | $ 76,000 |
| Kandiyohi County Minnesota | 10 | $ 1,903,000 | $ 190,000 | $ 87,000 |
| Meeker County Minnesota | 10 | $ 2,029,000 | $ 202,000 | $ 81,000 |
| Cottonwood County Minnesota | 9 | $ 1,020,000 | $ 113,000 | $ 83,000 |
| Sibley County Minnesota | 9 | $ 1,464,000 | $ 162,000 | $ 87,000 |
| Steele County Minnesota | 9 | $ 1,846,000 | $ 205,000 | $ 72,000 |
| Boone County Illinois | 8 | $ 1,870,000 | $ 233,000 | $ 168,000 |
| Allamakee County Iowa | 8 | $ 1,177,000 | $ 147,000 | $ 61,000 |
| Henry County Iowa | 8 | $ 1,276,000 | $ 159,000 | $ 80,000 |
| Beltrami County Minnesota | 8 | $ 1,775,000 | $ 221,000 | $ 102,000 |
| Wadena County Minnesota | 8 | $ 924,000 | $ 115,000 | $ 60,000 |
| Chippewa County Wisconsin | 8 | $ 1,400,000 | $ 175,000 | $ 87,000 |
| Cerro Gordo County Iowa | 7 | $ 1,243,000 | $ 177,000 | $ 84,000 |
| Clay County Minnesota | 7 | $ 1,646,000 | $ 235,000 | $ 87,000 |
| Le Sueur County Minnesota | 7 | $ 1,419,000 | $ 202,000 | $ 120,000 |
| Redwood County Minnesota | 7 | $ 1,236,000 | $ 176,000 | $ 84,000 |
| Mountrail County North Dakota | 7 | $ 899,000 | $ 128,000 | $ 90,000 |
| St. Croix County Wisconsin | 7 | $ 1,705,000 | $ 243,000 | $ 166,000 |
| Carlton County Minnesota | 6 | $ 1,011,000 | $ 168,000 | $ 89,000 |
| Lincoln County Minnesota | 6 | $ 930,000 | $ 155,000 | $ 86,000 |
| Yellow Medicine County Minnesota | 6 | $ 572,000 | $ 95,000 | $ 64,000 |
| Burleigh County North Dakota | 6 | $ 1,253,000 | $ 208,000 | $ 97,000 |
| Tripp County South Dakota | 6 | $ 575,000 | $ 95,000 | $ 68,000 |
| Barron County Wisconsin | 6 | $ 671,000 | $ 111,000 | $ 65,000 |
| Burnett County Wisconsin | 6 | $ 670,000 | $ 111,000 | $ 112,000 |
| Lee County Florida | 5 | $ 1,225,000 | $ 245,000 | $ 202,000 |
| Brown County Minnesota | 5 | $ 534,000 | $ 106,000 | $ 57,000 |
| Jackson County Minnesota | 5 | $ 619,000 | $ 123,000 | $ 58,000 |
| McLeod County Minnesota | 5 | $ 699,000 | $ 139,000 | $ 82,000 |
| Pembina County North Dakota | 5 | $ 545,000 | $ 109,000 | $ 49,000 |
| Ogle County Illinois | 4 | $ 380,000 | $ 95,000 | $ 60,000 |
| Winneshiek County Iowa | 4 | $ 874,000 | $ 218,000 | $ 99,000 |
| Mower County Minnesota | 4 | $ 525,000 | $ 131,000 | $ 72,000 |
| Todd County Minnesota | 4 | $ 531,000 | $ 132,000 | $ 54,000 |
| Waseca County Minnesota | 4 | $ 504,000 | $ 126,000 | $ 81,000 |
| Lancaster County Nebraska | 4 | $ 528,000 | $ 132,000 | $ 63,000 |
| Crawford County Wisconsin | 4 | $ 545,000 | $ 136,000 | $ 118,000 |
| Jackson County Wisconsin | 4 | $ 400,000 | $ 100,000 | $ 47,000 |
| Sauk County Wisconsin | 4 | $ 1,665,000 | $ 416,000 | $ 141,000 |
| Sawyer County Wisconsin | 4 | $ 1,473,000 | $ 368,000 | $ 320,000 |
| Maricopa County Arizona | 3 | $ 658,000 | $ 219,000 | $ 71,000 |
| Collier County Florida | 3 | $ 1,032,000 | $ 344,000 | $ 414,000 |
| Keokuk County Iowa | 3 | $ 277,000 | $ 92,000 | $ 0 |
| Louisa County Iowa | 3 | $ 383,000 | $ 127,000 | $ 0 |
| Chisago County Minnesota | 3 | $ 1,014,000 | $ 338,000 | $ 135,000 |
| Isanti County Minnesota | 3 | $ 655,000 | $ 218,000 | $ 77,000 |
| Itasca County Minnesota | 3 | $ 643,000 | $ 214,000 | $ 89,000 |
| Marshall County Minnesota | 3 | $ 335,000 | $ 111,000 | $ 72,000 |
| Morrison County Minnesota | 3 | $ 591,000 | $ 197,000 | $ 95,000 |
| Pope County Minnesota | 3 | $ 364,000 | $ 121,000 | $ 98,000 |
| Missoula County Montana | 3 | $ 2,671,000 | $ 890,000 | $ 194,000 |
| Morton County North Dakota | 3 | $ 510,000 | $ 170,000 | $ 88,000 |
| Stark County North Dakota | 3 | $ 785,000 | $ 261,000 | $ 116,000 |
| Walsh County North Dakota | 3 | $ 321,000 | $ 107,000 | $ 69,000 |
| Gregory County South Dakota | 3 | $ 411,000 | $ 137,000 | $ 62,000 |
| Minnehaha County South Dakota | 3 | $ 427,000 | $ 142,000 | $ 30,000 |
| Dane County Wisconsin | 3 | $ 675,000 | $ 225,000 | $ 232,000 |
| Dunn County Wisconsin | 3 | $ 455,000 | $ 151,000 | $ 77,000 |
| Milwaukee County Wisconsin | 3 | $ 349,000 | $ 116,000 | $ 0 |
| Richland County Wisconsin | 3 | $ 482,000 | $ 160,000 | $ 66,000 |
| Washburn County Wisconsin | 3 | $ 451,000 | $ 150,000 | $ 87,000 |
| Crook County Wyoming | 3 | $ 683,000 | $ 227,000 | $ 0 |
| Charlotte County Florida | 2 | $ 408,000 | $ 204,000 | $ 122,000 |
| Sarasota County Florida | 2 | $ 435,000 | $ 217,000 | $ 90,000 |
| Des Moines County Iowa | 2 | $ 237,000 | $ 118,000 | $ 20,000 |
| Lee County Iowa | 2 | $ 224,000 | $ 112,000 | $ 112,000 |
| Mahaska County Iowa | 2 | $ 227,000 | $ 113,000 | $ 0 |
| Big Stone County Minnesota | 2 | $ 236,000 | $ 118,000 | $ 80,000 |
| Kittson County Minnesota | 2 | $ 195,000 | $ 97,000 | $ 100,000 |
| Lac qui Parle County Minnesota | 2 | $ 369,000 | $ 184,000 | $ 264,000 |
| Lake County Minnesota | 2 | $ 430,000 | $ 215,000 | $ 124,000 |
| Martin County Minnesota | 2 | $ 428,000 | $ 214,000 | $ 105,000 |
| Pine County Minnesota | 2 | $ 274,000 | $ 137,000 | $ 52,000 |
| Wilkin County Minnesota | 2 | $ 369,000 | $ 184,000 | $ 76,000 |
| Cass County Nebraska | 2 | $ 193,000 | $ 96,000 | $ 75,000 |
| Barnes County North Dakota | 2 | $ 310,000 | $ 155,000 | $ 164,000 |
| Oliver County North Dakota | 2 | $ 318,000 | $ 159,000 | $ 55,000 |
| Richland County North Dakota | 2 | $ 520,000 | $ 260,000 | $ 153,000 |
| Charles Mix County South Dakota | 2 | $ 579,000 | $ 289,000 | $ 96,000 |
| Codington County South Dakota | 2 | $ 437,000 | $ 218,000 | $ 47,000 |
| Potter County South Dakota | 2 | $ 230,000 | $ 115,000 | $ 89,000 |
| Columbia County Wisconsin | 2 | $ 255,000 | $ 127,000 | $ 64,000 |
| Oneida County Wisconsin | 2 | $ 454,000 | $ 227,000 | $ 413,000 |
| Outagamie County Wisconsin | 2 | $ 346,000 | $ 173,000 | $ 143,000 |
| Pepin County Wisconsin | 2 | $ 180,000 | $ 90,000 | $ 26,000 |
| Polk County Wisconsin | 2 | $ 393,000 | $ 196,000 | $ 118,000 |
| Winnebago County Wisconsin | 2 | $ 304,000 | $ 152,000 | $ 177,000 |
| Denver County Colorado | 1 | $ 150,000 | $ 150,000 | $ 15,000 |
| Jefferson County Colorado | 1 | $ 200,000 | $ 200,000 | $ 42,000 |
| Lake County Florida | 1 | $ 227,000 | $ 227,000 | $ 73,000 |
| Martin County Florida | 1 | $ 203,000 | $ 203,000 | $ 244,000 |
| Polk County Florida | 1 | $ 125,000 | $ 125,000 | $ 300,000 |
| Kane County Illinois | 1 | $ 417,000 | $ 417,000 | $ 216,000 |
| St. Clair County Illinois | 1 | $ 250,000 | $ 250,000 | $ 141,000 |
| Allen County Indiana | 1 | $ 271,000 | $ 271,000 | $ 104,000 |
| Benton County Iowa | 1 | $ 127,000 | $ 127,000 | $ 60,000 |
| Dallas County Iowa | 1 | $ 185,000 | $ 185,000 | $ 0 |
| Dickinson County Iowa | 1 | $ 368,000 | $ 368,000 | $ 131,000 |
| Johnson County Iowa | 1 | $ 84,000 | $ 84,000 | $ 47,000 |
| Linn County Iowa | 1 | $ 56,000 | $ 56,000 | $ 92,000 |
| Lyon County Iowa | 1 | $ 171,000 | $ 171,000 | $ 51,000 |
| Marion County Iowa | 1 | $ 303,000 | $ 303,000 | $ 0 |
| Mitchell County Iowa | 1 | $ 108,000 | $ 108,000 | $ 24,000 |
| Polk County Iowa | 1 | $ 260,000 | $ 260,000 | $ 0 |
| Van Buren County Iowa | 1 | $ 184,000 | $ 184,000 | $ 0 |
| Wapello County Iowa | 1 | $ 132,000 | $ 132,000 | $ 0 |
| Winnebago County Iowa | 1 | $ 45,000 | $ 45,000 | $ 45,000 |
| Worth County Iowa | 1 | $ 80,000 | $ 80,000 | $ 68,000 |
| Cook County Minnesota | 1 | $ 112,000 | $ 112,000 | $ 304,000 |
| Norman County Minnesota | 1 | $ 160,000 | $ 160,000 | $ 95,000 |
| Pennington County Minnesota | 1 | $ 65,000 | $ 65,000 | $ 65,000 |
| Rock County Minnesota | 1 | $ 85,000 | $ 85,000 | $ 40,000 |
| Roseau County Minnesota | 1 | $ 128,000 | $ 128,000 | $ 75,000 |
| Watonwan County Minnesota | 1 | $ 25,000 | $ 25,000 | $ 22,000 |
| Camden County Missouri | 1 | $ 376,000 | $ 376,000 | $ 104,000 |
| Yellowstone County Montana | 1 | $ 136,000 | $ 136,000 | $ 55,000 |
| Washington County Nebraska | 1 | $ 67,000 | $ 67,000 | $ 83,000 |
| Douglas County Nevada | 1 | $ 255,000 | $ 255,000 | $ 259,000 |
| Mecklenburg County North Carolina | 1 | $ 152,000 | $ 152,000 | $ 58,000 |
| Benson County North Dakota | 1 | $ 209,000 | $ 209,000 | $ 85,000 |
| Cavalier County North Dakota | 1 | $ 114,000 | $ 114,000 | $ 63,000 |
| Dunn County North Dakota | 1 | $ 310,000 | $ 310,000 | $ 268,000 |
| Pierce County North Dakota | 1 | $ 85,000 | $ 85,000 | $ 65,000 |
| Towner County North Dakota | 1 | $ 41,000 | $ 41,000 | $ 44,000 |
| Ward County North Dakota | 1 | $ 220,000 | $ 220,000 | $ 120,000 |
| Brookings County South Dakota | 1 | $ 110,000 | $ 110,000 | $ 62,000 |
| Custer County South Dakota | 1 | $ 94,000 | $ 94,000 | $ 0 |
| Hamlin County South Dakota | 1 | $ 161,000 | $ 161,000 | $ 122,000 |
| Jones County South Dakota | 1 | $ 162,000 | $ 162,000 | $ 39,000 |
| Lincoln County South Dakota | 1 | $ 297,000 | $ 297,000 | $ 111,000 |
| Roberts County South Dakota | 1 | $ 110,000 | $ 110,000 | $ 43,000 |
| Adams County Wisconsin | 1 | $ 72,000 | $ 72,000 | $ 100,000 |
| Clark County Wisconsin | 1 | $ 210,000 | $ 210,000 | $ 309,000 |
| Douglas County Wisconsin | 1 | $ 179,000 | $ 179,000 | $ 81,000 |
| Juneau County Wisconsin | 1 | $ 68,000 | $ 68,000 | $ 63,000 |
| Manitowoc County Wisconsin | 1 | $ 120,000 | $ 120,000 | $ 90,000 |
| Marathon County Wisconsin | 1 | $ 172,000 | $ 172,000 | $ 181,000 |
| Marinette County Wisconsin | 1 | $ 225,000 | $ 225,000 | $ 151,000 |
| Rock County Wisconsin | 1 | $ 105,000 | $ 105,000 | $ 82,000 |
| Walworth County Wisconsin | 1 | $ 220,000 | $ 220,000 | $ 186,000 |
| Washington County Wisconsin | 1 | $ 236,000 | $ 236,000 | $ 110,000 |
| Waukesha County Wisconsin | 1 | $ 195,000 | $ 195,000 | $ 70,000 |
| Lincoln County Wyoming | 1 | $ 195,000 | $ 195,000 | $ 48,000 |
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 2016
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 | 1,808 | $351,118,000 | $194,000 | $1,040,000 | $91,000 | $731,000 |
| Refinancing | 1,549 | $282,004,000 | $182,000 | $5,420,000 | $91,000 | $776,000 |
| Home Improvement | 132 | $19,722,000 | $149,000 | $1,180,000 | $81,000 | $555,000 |
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 | 2,883 | $519,374,000 | $180,000 | $901,000 | $97,000 | $776,000 |
| Not applicable | 273 | $61,897,000 | $226,000 | $5,420,000 | $0 | $0 |
| Not Provided | 260 | $56,388,000 | $216,000 | $1,040,000 | $114,000 | $667,000 |
| Asian | 28 | $5,748,000 | $205,000 | $409,000 | $101,000 | $243,000 |
| Hispanic | 25 | $4,607,000 | $184,000 | $415,000 | $112,000 | $444,000 |
| Black or African American | 11 | $2,946,000 | $267,000 | $417,000 | $125,000 | $247,000 |
| American Indian or Alaskan Native | 7 | $1,568,000 | $224,000 | $375,000 | $101,000 | $191,000 |
| Native Hawaiin or Other Pacific Islander | 2 | $316,000 | $158,000 | $188,000 | $50,000 | $53,000 |
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) | 3,343 | $630,897,000 | $188,000 | $5,420,000 | $92,000 | $776,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 60 | $6,986,000 | $116,000 | $227,000 | $45,000 | $82,000 |
| FHA-insured (Federal Housing Administration) | 52 | $8,584,000 | $165,000 | $341,000 | $69,000 | $173,000 |
| VA-guaranteed (Veterans Administration) | 34 | $6,377,000 | $187,000 | $417,000 | $79,000 | $193,000 |
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 | 2,824 | $527,480,000 | $186,000 | $5,420,000 | $95,000 | $776,000 |
| Application Approved But Not Accepted | 335 | $69,161,000 | $206,000 | $1,040,000 | $109,000 | $667,000 |
| Loan Purchased By The Institution | 171 | $31,778,000 | $185,000 | $417,000 | $0 | $0 |
| Application Denied By Financial Institution | 103 | $15,493,000 | $150,000 | $417,000 | $73,000 | $332,000 |
| Application Withdrawn By Applicant | 44 | $7,173,000 | $163,000 | $400,000 | $83,000 | $260,000 |
| File Closed For Incompleteness | 12 | $1,759,000 | $146,000 | $258,000 | $87,000 | $215,000 |
| 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 | $5,774,000 | $120,000 | $256,000 | $64,000 | $209,000 |
| Debt-To-Income Ratio | 29 | $4,933,000 | $170,000 | $389,000 | $62,000 | $156,000 |
| Collateral | 12 | $2,499,000 | $208,000 | $417,000 | $122,000 | $332,000 |
| Employment History | 5 | $790,000 | $158,000 | $176,000 | $67,000 | $92,000 |
| Unverifiable Information | 4 | $477,000 | $119,000 | $206,000 | $82,000 | $190,000 |
| Other | 3 | $584,000 | $194,000 | $310,000 | $122,000 | $248,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $436,000 | $218,000 | $278,000 | $76,000 | $80,000 |
| Mortgage Insurance Denied | 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.