Merchants Bank, National Association
Mortgage Loan Application
Totals and Details
for 2017
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 | 2,539 |
| Total Mortgage Loan Application Amount | $489,585,000 |
| Average Mortgage Loan Application Amount | $168,333 |
| Highest Mortgage Loan Application Amount | $4,173,000 |
| Average Applicant Income | $104,000 |
| Highest Applicant Income | $4,924,000 |
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 | $ 56,918,000 | $ 153,000 | $ 95,000 |
| Otter Tail County Minnesota | 177 | $ 34,462,000 | $ 194,000 | $ 90,000 |
| Olmsted County Minnesota | 133 | $ 24,706,000 | $ 185,000 | $ 87,000 |
| Houston County Minnesota | 121 | $ 19,605,000 | $ 162,000 | $ 76,000 |
| La Crosse County Wisconsin | 121 | $ 31,368,000 | $ 259,000 | $ 93,000 |
| Dakota County Minnesota | 120 | $ 27,152,000 | $ 226,000 | $ 103,000 |
| Hennepin County Minnesota | 94 | $ 26,411,000 | $ 280,000 | $ 181,000 |
| Fillmore County Minnesota | 67 | $ 7,885,000 | $ 117,000 | $ 65,000 |
| Goodhue County Minnesota | 57 | $ 11,142,000 | $ 195,000 | $ 85,000 |
| Lyon County Minnesota | 54 | $ 8,039,000 | $ 148,000 | $ 78,000 |
| Becker County Minnesota | 42 | $ 7,146,000 | $ 170,000 | $ 80,000 |
| St. Louis County Minnesota | 41 | $ 6,657,000 | $ 162,000 | $ 86,000 |
| Scott County Minnesota | 40 | $ 14,138,000 | $ 353,000 | $ 166,000 |
| Grand Forks County North Dakota | 40 | $ 7,931,000 | $ 198,000 | $ 132,000 |
| Wright County Minnesota | 39 | $ 7,654,000 | $ 196,000 | $ 86,000 |
| Hubbard County Minnesota | 34 | $ 6,369,000 | $ 187,000 | $ 88,000 |
| Washington County Minnesota | 33 | $ 7,320,000 | $ 221,000 | $ 129,000 |
| Eau Claire County Wisconsin | 33 | $ 8,983,000 | $ 272,000 | $ 52,000 |
| Buffalo County Wisconsin | 28 | $ 3,424,000 | $ 122,000 | $ 70,000 |
| Carver County Minnesota | 25 | $ 7,038,000 | $ 281,000 | $ 151,000 |
| Cass County Minnesota | 25 | $ 3,671,000 | $ 146,000 | $ 85,000 |
| Rice County Minnesota | 25 | $ 6,027,000 | $ 241,000 | $ 108,000 |
| Wabasha County Minnesota | 24 | $ 3,430,000 | $ 142,000 | $ 61,000 |
| Cass County North Dakota | 24 | $ 4,804,000 | $ 200,000 | $ 97,000 |
| Washington County Iowa | 23 | $ 3,703,000 | $ 161,000 | $ 0 |
| Ramsey County Minnesota | 23 | $ 5,797,000 | $ 252,000 | $ 110,000 |
| Mercer County North Dakota | 22 | $ 4,134,000 | $ 187,000 | $ 123,000 |
| Lawrence County South Dakota | 20 | $ 4,315,000 | $ 215,000 | $ 12,000 |
| Mille Lacs County Minnesota | 19 | $ 3,369,000 | $ 177,000 | $ 91,000 |
| Sherburne County Minnesota | 18 | $ 5,179,000 | $ 287,000 | $ 107,000 |
| Stearns County Minnesota | 17 | $ 3,838,000 | $ 225,000 | $ 85,000 |
| Crow Wing County Minnesota | 16 | $ 2,961,000 | $ 185,000 | $ 126,000 |
| Kandiyohi County Minnesota | 16 | $ 1,989,000 | $ 124,000 | $ 62,000 |
| Monroe County Wisconsin | 16 | $ 4,393,000 | $ 274,000 | $ 89,000 |
| Winnebago County Illinois | 15 | $ 2,462,000 | $ 164,000 | $ 120,000 |
| Faribault County Minnesota | 15 | $ 2,040,000 | $ 136,000 | $ 94,000 |
| Trempealeau County Wisconsin | 15 | $ 2,267,000 | $ 151,000 | $ 66,000 |
| Douglas County Minnesota | 14 | $ 3,172,000 | $ 226,000 | $ 117,000 |
| Polk County Minnesota | 14 | $ 2,106,000 | $ 150,000 | $ 58,000 |
| Ramsey County North Dakota | 14 | $ 2,520,000 | $ 180,000 | $ 83,000 |
| Cerro Gordo County Iowa | 13 | $ 2,088,000 | $ 160,000 | $ 76,000 |
| Pennington County South Dakota | 13 | $ 2,521,000 | $ 193,000 | $ 0 |
| Anoka County Minnesota | 12 | $ 2,491,000 | $ 207,000 | $ 74,000 |
| McLean County North Dakota | 12 | $ 2,080,000 | $ 173,000 | $ 81,000 |
| Benton County Minnesota | 11 | $ 2,332,000 | $ 212,000 | $ 79,000 |
| Murray County Minnesota | 11 | $ 1,566,000 | $ 142,000 | $ 68,000 |
| Butte County South Dakota | 10 | $ 1,642,000 | $ 164,000 | $ 0 |
| Clay County Minnesota | 9 | $ 1,968,000 | $ 218,000 | $ 80,000 |
| Wadena County Minnesota | 9 | $ 1,017,000 | $ 113,000 | $ 58,000 |
| Pembina County North Dakota | 9 | $ 1,119,000 | $ 124,000 | $ 67,000 |
| Tripp County South Dakota | 9 | $ 934,000 | $ 103,000 | $ 71,000 |
| Aitkin County Minnesota | 8 | $ 1,108,000 | $ 138,000 | $ 86,000 |
| Dodge County Minnesota | 8 | $ 1,366,000 | $ 170,000 | $ 78,000 |
| Steele County Minnesota | 8 | $ 1,410,000 | $ 176,000 | $ 83,000 |
| Vernon County Wisconsin | 8 | $ 1,619,000 | $ 202,000 | $ 86,000 |
| St. Joseph County Indiana | 7 | $ 7,802,000 | $ 1,114,000 | $ 0 |
| Freeborn County Minnesota | 7 | $ 1,166,000 | $ 166,000 | $ 86,000 |
| Grant County Minnesota | 7 | $ 875,000 | $ 125,000 | $ 63,000 |
| Meeker County Minnesota | 7 | $ 1,159,000 | $ 165,000 | $ 53,000 |
| Nobles County Minnesota | 7 | $ 904,000 | $ 129,000 | $ 80,000 |
| Sibley County Minnesota | 7 | $ 851,000 | $ 121,000 | $ 72,000 |
| Todd County Minnesota | 7 | $ 1,068,000 | $ 152,000 | $ 97,000 |
| Pierce County Wisconsin | 7 | $ 1,605,000 | $ 229,000 | $ 103,000 |
| Maricopa County Arizona | 6 | $ 1,310,000 | $ 218,000 | $ 131,000 |
| Jefferson County Iowa | 6 | $ 926,000 | $ 154,000 | $ 14,000 |
| Lincoln County Minnesota | 6 | $ 1,002,000 | $ 167,000 | $ 67,000 |
| Yellow Medicine County Minnesota | 6 | $ 704,000 | $ 117,000 | $ 66,000 |
| St. Croix County Wisconsin | 6 | $ 1,542,000 | $ 257,000 | $ 155,000 |
| Washburn County Wisconsin | 6 | $ 953,000 | $ 158,000 | $ 69,000 |
| Henry County Iowa | 5 | $ 783,000 | $ 156,000 | $ 91,000 |
| Blue Earth County Minnesota | 5 | $ 814,000 | $ 162,000 | $ 84,000 |
| Cottonwood County Minnesota | 5 | $ 966,000 | $ 193,000 | $ 86,000 |
| Jackson County Minnesota | 5 | $ 492,000 | $ 98,000 | $ 67,000 |
| Marshall County Minnesota | 5 | $ 565,000 | $ 113,000 | $ 92,000 |
| Morrison County Minnesota | 5 | $ 726,000 | $ 145,000 | $ 84,000 |
| Mower County Minnesota | 5 | $ 338,000 | $ 67,000 | $ 86,000 |
| Nicollet County Minnesota | 5 | $ 1,162,000 | $ 232,000 | $ 107,000 |
| Pope County Minnesota | 5 | $ 893,000 | $ 178,000 | $ 82,000 |
| Watonwan County Minnesota | 5 | $ 694,000 | $ 138,000 | $ 94,000 |
| McKenzie County North Dakota | 5 | $ 1,055,000 | $ 211,000 | $ 80,000 |
| Custer County South Dakota | 5 | $ 1,394,000 | $ 278,000 | $ 0 |
| Winneshiek County Iowa | 4 | $ 470,000 | $ 117,000 | $ 43,000 |
| Beltrami County Minnesota | 4 | $ 643,000 | $ 160,000 | $ 92,000 |
| Le Sueur County Minnesota | 4 | $ 705,000 | $ 176,000 | $ 151,000 |
| Redwood County Minnesota | 4 | $ 756,000 | $ 189,000 | $ 96,000 |
| Burleigh County North Dakota | 4 | $ 907,000 | $ 226,000 | $ 130,000 |
| Meade County South Dakota | 4 | $ 668,000 | $ 167,000 | $ 17,000 |
| Burnett County Wisconsin | 4 | $ 620,000 | $ 155,000 | $ 97,000 |
| Chippewa County Wisconsin | 4 | $ 717,000 | $ 179,000 | $ 97,000 |
| Sawyer County Wisconsin | 4 | $ 1,115,000 | $ 278,000 | $ 362,000 |
| Boone County Illinois | 3 | $ 489,000 | $ 163,000 | $ 197,000 |
| Cook County Illinois | 3 | $ 738,000 | $ 246,000 | $ 124,000 |
| Allamakee County Iowa | 3 | $ 483,000 | $ 161,000 | $ 58,000 |
| Isanti County Minnesota | 3 | $ 558,000 | $ 186,000 | $ 70,000 |
| Martin County Minnesota | 3 | $ 395,000 | $ 131,000 | $ 13,000 |
| McLeod County Minnesota | 3 | $ 582,000 | $ 194,000 | $ 51,000 |
| Pine County Minnesota | 3 | $ 565,000 | $ 188,000 | $ 110,000 |
| Waseca County Minnesota | 3 | $ 285,000 | $ 95,000 | $ 48,000 |
| Lancaster County Nebraska | 3 | $ 513,000 | $ 171,000 | $ 98,000 |
| Oliver County North Dakota | 3 | $ 458,000 | $ 152,000 | $ 176,000 |
| Charles Mix County South Dakota | 3 | $ 436,000 | $ 145,000 | $ 80,000 |
| Barron County Wisconsin | 3 | $ 265,000 | $ 88,000 | $ 82,000 |
| Dunn County Wisconsin | 3 | $ 643,000 | $ 214,000 | $ 154,000 |
| Polk County Wisconsin | 3 | $ 888,000 | $ 296,000 | $ 125,000 |
| Crook County Wyoming | 3 | $ 463,000 | $ 154,000 | $ 0 |
| Lee County Florida | 2 | $ 419,000 | $ 209,000 | $ 270,000 |
| Hawaii County Hawaii | 2 | $ 574,000 | $ 287,000 | $ 224,000 |
| Kane County Illinois | 2 | $ 485,000 | $ 242,000 | $ 146,000 |
| Clayton County Iowa | 2 | $ 174,000 | $ 87,000 | $ 52,000 |
| Johnson County Iowa | 2 | $ 542,000 | $ 271,000 | $ 0 |
| Keokuk County Iowa | 2 | $ 298,000 | $ 149,000 | $ 0 |
| Lee County Iowa | 2 | $ 408,000 | $ 204,000 | $ 88,000 |
| Brown County Minnesota | 2 | $ 319,000 | $ 159,000 | $ 367,000 |
| Clearwater County Minnesota | 2 | $ 300,000 | $ 150,000 | $ 46,000 |
| Kanabec County Minnesota | 2 | $ 258,000 | $ 129,000 | $ 45,000 |
| Norman County Minnesota | 2 | $ 252,000 | $ 126,000 | $ 69,000 |
| Renville County Minnesota | 2 | $ 153,000 | $ 76,000 | $ 79,000 |
| Benson County North Dakota | 2 | $ 315,000 | $ 157,000 | $ 73,000 |
| Mountrail County North Dakota | 2 | $ 205,000 | $ 102,000 | $ 78,000 |
| Rolette County North Dakota | 2 | $ 247,000 | $ 123,000 | $ 102,000 |
| Walsh County North Dakota | 2 | $ 275,000 | $ 137,000 | $ 64,000 |
| Ward County North Dakota | 2 | $ 406,000 | $ 203,000 | $ 263,000 |
| Gregory County South Dakota | 2 | $ 356,000 | $ 178,000 | $ 89,000 |
| Green Lake County Wisconsin | 2 | $ 251,000 | $ 125,000 | $ 110,000 |
| Milwaukee County Wisconsin | 2 | $ 250,000 | $ 125,000 | $ 0 |
| Pinal County Arizona | 1 | $ 148,000 | $ 148,000 | $ 185,000 |
| Yuma County Arizona | 1 | $ 58,000 | $ 58,000 | $ 31,000 |
| Benton County Arkansas | 1 | $ 118,000 | $ 118,000 | $ 47,000 |
| Arapahoe County Colorado | 1 | $ 400,000 | $ 400,000 | $ 117,000 |
| Eagle County Colorado | 1 | $ 246,000 | $ 246,000 | $ 0 |
| Jefferson County Colorado | 1 | $ 330,000 | $ 330,000 | $ 66,000 |
| Brevard County Florida | 1 | $ 203,000 | $ 203,000 | $ 94,000 |
| Collier County Florida | 1 | $ 265,000 | $ 265,000 | $ 272,000 |
| Jo Daviess County Illinois | 1 | $ 256,000 | $ 256,000 | $ 221,000 |
| Ogle County Illinois | 1 | $ 375,000 | $ 375,000 | $ 159,000 |
| Stephenson County Illinois | 1 | $ 100,000 | $ 100,000 | $ 53,000 |
| Franklin County Iowa | 1 | $ 53,000 | $ 53,000 | $ 33,000 |
| Linn County Iowa | 1 | $ 250,000 | $ 250,000 | $ 0 |
| Marion County Iowa | 1 | $ 254,000 | $ 254,000 | $ 122,000 |
| Marshall County Iowa | 1 | $ 227,000 | $ 227,000 | $ 0 |
| Mitchell County Iowa | 1 | $ 132,000 | $ 132,000 | $ 76,000 |
| Polk County Iowa | 1 | $ 207,000 | $ 207,000 | $ 0 |
| Story County Iowa | 1 | $ 150,000 | $ 150,000 | $ 68,000 |
| Van Buren County Iowa | 1 | $ 80,000 | $ 80,000 | $ 94,000 |
| Winnebago County Iowa | 1 | $ 296,000 | $ 296,000 | $ 134,000 |
| Worth County Iowa | 1 | $ 85,000 | $ 85,000 | $ 70,000 |
| Big Stone County Minnesota | 1 | $ 341,000 | $ 341,000 | $ 207,000 |
| Carlton County Minnesota | 1 | $ 146,000 | $ 146,000 | $ 43,000 |
| Chisago County Minnesota | 1 | $ 174,000 | $ 174,000 | $ 57,000 |
| Cook County Minnesota | 1 | $ 191,000 | $ 191,000 | $ 127,000 |
| Kittson County Minnesota | 1 | $ 206,000 | $ 206,000 | $ 93,000 |
| Koochiching County Minnesota | 1 | $ 87,000 | $ 87,000 | $ 71,000 |
| Lac qui Parle County Minnesota | 1 | $ 82,000 | $ 82,000 | $ 66,000 |
| Lake County Minnesota | 1 | $ 221,000 | $ 221,000 | $ 95,000 |
| Pennington County Minnesota | 1 | $ 145,000 | $ 145,000 | $ 86,000 |
| Pipestone County Minnesota | 1 | $ 126,000 | $ 126,000 | $ 89,000 |
| Swift County Minnesota | 1 | $ 271,000 | $ 271,000 | $ 167,000 |
| Wilkin County Minnesota | 1 | $ 95,000 | $ 95,000 | $ 73,000 |
| Fallon County Montana | 1 | $ 76,000 | $ 76,000 | $ 150,000 |
| Lewis and Clark County Montana | 1 | $ 248,000 | $ 248,000 | $ 120,000 |
| Douglas County Nebraska | 1 | $ 168,000 | $ 168,000 | $ 64,000 |
| York County Nebraska | 1 | $ 275,000 | $ 275,000 | $ 162,000 |
| Washoe County Nevada | 1 | $ 70,000 | $ 70,000 | $ 47,000 |
| Queens County New York | 1 | $ 424,000 | $ 424,000 | $ 79,000 |
| Dunn County North Dakota | 1 | $ 311,000 | $ 311,000 | $ 150,000 |
| Hettinger County North Dakota | 1 | $ 150,000 | $ 150,000 | $ 80,000 |
| Ransom County North Dakota | 1 | $ 279,000 | $ 279,000 | $ 77,000 |
| Sargent County North Dakota | 1 | $ 178,000 | $ 178,000 | $ 120,000 |
| Slope County North Dakota | 1 | $ 193,000 | $ 193,000 | $ 203,000 |
| Stark County North Dakota | 1 | $ 173,000 | $ 173,000 | $ 79,000 |
| Steele County North Dakota | 1 | $ 173,000 | $ 173,000 | $ 171,000 |
| Williams County North Dakota | 1 | $ 81,000 | $ 81,000 | $ 62,000 |
| Multnomah County Oregon | 1 | $ 424,000 | $ 424,000 | $ 174,000 |
| Bon Homme County South Dakota | 1 | $ 120,000 | $ 120,000 | $ 57,000 |
| Brown County South Dakota | 1 | $ 95,000 | $ 95,000 | $ 35,000 |
| Clay County South Dakota | 1 | $ 229,000 | $ 229,000 | $ 120,000 |
| Fall River County South Dakota | 1 | $ 160,000 | $ 160,000 | $ 0 |
| Mellette County South Dakota | 1 | $ 76,000 | $ 76,000 | $ 96,000 |
| Minnehaha County South Dakota | 1 | $ 238,000 | $ 238,000 | $ 87,000 |
| Parker County Texas | 1 | $ 146,000 | $ 146,000 | $ 0 |
| Pierce County Washington | 1 | $ 823,000 | $ 823,000 | $ 438,000 |
| Bayfield County Wisconsin | 1 | $ 350,000 | $ 350,000 | $ 140,000 |
| Calumet County Wisconsin | 1 | $ 336,000 | $ 336,000 | $ 140,000 |
| Columbia County Wisconsin | 1 | $ 55,000 | $ 55,000 | $ 100,000 |
| Crawford County Wisconsin | 1 | $ 277,000 | $ 277,000 | $ 100,000 |
| Douglas County Wisconsin | 1 | $ 338,000 | $ 338,000 | $ 144,000 |
| Grant County Wisconsin | 1 | $ 107,000 | $ 107,000 | $ 68,000 |
| Jackson County Wisconsin | 1 | $ 120,000 | $ 120,000 | $ 65,000 |
| Kenosha County Wisconsin | 1 | $ 100,000 | $ 100,000 | $ 66,000 |
| Marathon County Wisconsin | 1 | $ 117,000 | $ 117,000 | $ 46,000 |
| Oneida County Wisconsin | 1 | $ 424,000 | $ 424,000 | $ 104,000 |
| Ozaukee County Wisconsin | 1 | $ 135,000 | $ 135,000 | $ 128,000 |
| Richland County Wisconsin | 1 | $ 125,000 | $ 125,000 | $ 110,000 |
| Rusk County Wisconsin | 1 | $ 244,000 | $ 244,000 | $ 79,000 |
| Shawano County Wisconsin | 1 | $ 280,000 | $ 280,000 | $ 70,000 |
| Vilas County Wisconsin | 1 | $ 141,000 | $ 141,000 | $ 55,000 |
| Wood County Wisconsin | 1 | $ 624,000 | $ 624,000 | $ 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 2017
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 | 1,516 | $306,012,000 | $201,000 | $3,983,000 | $94,000 | $1,683,000 |
| Refinancing | 927 | $172,107,000 | $185,000 | $4,173,000 | $87,000 | $1,446,000 |
| Home Improvement | 96 | $11,466,000 | $119,000 | $950,000 | $131,000 | $4,924,000 |
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 | 2,104 | $383,442,000 | $182,000 | $1,078,000 | $99,000 | $4,924,000 |
| Not applicable | 212 | $61,642,000 | $290,000 | $4,173,000 | $0 | $0 |
| Not Provided | 155 | $33,722,000 | $217,000 | $1,429,000 | $129,000 | $567,000 |
| Asian | 29 | $4,725,000 | $162,000 | $424,000 | $88,000 | $241,000 |
| Hispanic | 25 | $3,280,000 | $131,000 | $424,000 | $87,000 | $392,000 |
| Black or African American | 10 | $2,099,000 | $209,000 | $417,000 | $191,000 | $434,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $412,000 | $206,000 | $229,000 | $74,000 | $77,000 |
| American Indian or Alaskan Native | 2 | $263,000 | $131,000 | $185,000 | $58,000 | $78,000 |
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) | 2,454 | $476,891,000 | $194,000 | $4,173,000 | $94,000 | $4,924,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 41 | $4,828,000 | $117,000 | $249,000 | $52,000 | $195,000 |
| VA-guaranteed (Veterans Administration) | 22 | $4,093,000 | $186,000 | $410,000 | $62,000 | $134,000 |
| FHA-insured (Federal Housing Administration) | 22 | $3,773,000 | $171,000 | $301,000 | $80,000 | $232,000 |
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 | 2,035 | $390,775,000 | $192,000 | $4,173,000 | $97,000 | $4,924,000 |
| Application Approved But Not Accepted | 275 | $56,280,000 | $204,000 | $1,429,000 | $100,000 | $567,000 |
| Application Denied By Financial Institution | 112 | $20,297,000 | $181,000 | $823,000 | $78,000 | $438,000 |
| Loan Purchased By The Institution | 91 | $16,907,000 | $185,000 | $424,000 | $0 | $0 |
| Application Withdrawn By Applicant | 20 | $3,779,000 | $188,000 | $489,000 | $88,000 | $198,000 |
| File Closed For Incompleteness | 6 | $1,547,000 | $257,000 | $424,000 | $177,000 | $350,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 36 | $5,619,000 | $156,000 | $325,000 | $59,000 | $162,000 |
| Credit History | 29 | $4,833,000 | $166,000 | $424,000 | $72,000 | $237,000 |
| Collateral | 27 | $5,926,000 | $219,000 | $823,000 | $116,000 | $438,000 |
| Other | 11 | $1,884,000 | $171,000 | $419,000 | $77,000 | $129,000 |
| Employment History | 6 | $1,166,000 | $194,000 | $356,000 | $67,000 | $96,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $193,000 | $193,000 | $193,000 | $44,000 | $44,000 |
| Unverifiable Information | 1 | $117,000 | $117,000 | $117,000 | $46,000 | $46,000 |
| Credit Application Incomplete | 1 | $559,000 | $559,000 | $559,000 | $54,000 | $54,000 |
| 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.