Merchants Bank, National Association
Mortgage Loan Application
Totals and Details
for 2018
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 | 2,972 |
| Total Mortgage Loan Application Amount | $482,650,000 |
| Average Mortgage Loan Application Amount | $124,600 |
| Highest Mortgage Loan Application Amount | $2,885,000 |
| Average Applicant Income | $113,200 |
| Highest Applicant Income | $2,887,000 |
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 | 566 | $ 66,530,000 | $ 117,000 | $ 93,000 |
| La Crosse County Wisconsin | 217 | $ 37,235,000 | $ 171,000 | $ 117,000 |
| Dakota County Minnesota | 201 | $ 33,575,000 | $ 167,000 | $ 132,000 |
| Olmsted County Minnesota | 179 | $ 33,865,000 | $ 189,000 | $ 123,000 |
| Goodhue County Minnesota | 173 | $ 24,555,000 | $ 141,000 | $ 100,000 |
| Houston County Minnesota | 132 | $ 15,220,000 | $ 115,000 | $ 80,000 |
| Otter Tail County Minnesota | 122 | $ 22,930,000 | $ 187,000 | $ 99,000 |
| Hennepin County Minnesota | 90 | $ 22,190,000 | $ 246,000 | $ 187,000 |
| Fillmore County Minnesota | 73 | $ 8,705,000 | $ 119,000 | $ 78,000 |
| Washington County Minnesota | 56 | $ 8,700,000 | $ 155,000 | $ 119,000 |
| Eau Claire County Wisconsin | 52 | $ 7,630,000 | $ 146,000 | $ 93,000 |
| Buffalo County Wisconsin | 50 | $ 6,600,000 | $ 132,000 | $ 95,000 |
| Lyon County Minnesota | 44 | $ 8,180,000 | $ 185,000 | $ 103,000 |
| Hubbard County Minnesota | 35 | $ 6,255,000 | $ 178,000 | $ 95,000 |
| Scott County Minnesota | 35 | $ 6,215,000 | $ 177,000 | $ 190,000 |
| Ramsey County Minnesota | 33 | $ 7,305,000 | $ 221,000 | $ 115,000 |
| St. Louis County Minnesota | 33 | $ 6,095,000 | $ 184,000 | $ 87,000 |
| Wright County Minnesota | 33 | $ 7,275,000 | $ 220,000 | $ 105,000 |
| Wabasha County Minnesota | 31 | $ 3,905,000 | $ 125,000 | $ 111,000 |
| Monroe County Wisconsin | 27 | $ 2,455,000 | $ 90,000 | $ 161,000 |
| Cass County Minnesota | 26 | $ 4,520,000 | $ 173,000 | $ 105,000 |
| Trempealeau County Wisconsin | 24 | $ 3,480,000 | $ 145,000 | $ 118,000 |
| Grand Forks County North Dakota | 22 | $ 4,020,000 | $ 182,000 | $ 114,000 |
| Winnebago County Illinois | 21 | $ 3,975,000 | $ 189,000 | $ 153,000 |
| Becker County Minnesota | 21 | $ 3,105,000 | $ 147,000 | $ 70,000 |
| Pierce County Wisconsin | 19 | $ 3,155,000 | $ 166,000 | $ 111,000 |
| Anoka County Minnesota | 18 | $ 3,780,000 | $ 210,000 | $ 104,000 |
| Mille Lacs County Minnesota | 18 | $ 3,440,000 | $ 191,000 | $ 89,000 |
| Vernon County Wisconsin | 18 | $ 2,600,000 | $ 144,000 | $ 111,000 |
| Kandiyohi County Minnesota | 17 | $ 3,285,000 | $ 193,000 | $ 78,000 |
| Cass County North Dakota | 17 | $ 3,105,000 | $ 182,000 | $ 79,000 |
| Washington County Iowa | 16 | $ 2,750,000 | $ 171,000 | $ 0 |
| Dodge County Minnesota | 16 | $ 2,750,000 | $ 171,000 | $ 124,000 |
| Rice County Minnesota | 16 | $ 3,310,000 | $ 206,000 | $ 107,000 |
| Carver County Minnesota | 15 | $ 3,105,000 | $ 207,000 | $ 200,000 |
| Watonwan County Minnesota | 15 | $ 2,105,000 | $ 140,000 | $ 83,000 |
| Mercer County North Dakota | 15 | $ 2,985,000 | $ 199,000 | $ 101,000 |
| Crow Wing County Minnesota | 14 | $ 2,550,000 | $ 182,000 | $ 91,000 |
| Sherburne County Minnesota | 14 | $ 4,150,000 | $ 296,000 | $ 117,000 |
| Blue Earth County Minnesota | 13 | $ 1,495,000 | $ 115,000 | $ 57,000 |
| Douglas County Minnesota | 12 | $ 2,580,000 | $ 215,000 | $ 92,000 |
| McLean County North Dakota | 11 | $ 2,145,000 | $ 195,000 | $ 101,000 |
| Lawrence County South Dakota | 11 | $ 2,665,000 | $ 242,000 | $ 0 |
| Faribault County Minnesota | 10 | $ 1,000,000 | $ 100,000 | $ 83,000 |
| Kanabec County Minnesota | 10 | $ 1,400,000 | $ 140,000 | $ 70,000 |
| Stearns County Minnesota | 10 | $ 2,290,000 | $ 229,000 | $ 134,000 |
| Cerro Gordo County Iowa | 9 | $ 895,000 | $ 99,000 | $ 78,000 |
| Polk County Minnesota | 9 | $ 2,055,000 | $ 228,000 | $ 90,000 |
| Chippewa County Wisconsin | 9 | $ 1,435,000 | $ 159,000 | $ 85,000 |
| Nicollet County Minnesota | 8 | $ 1,490,000 | $ 186,000 | $ 75,000 |
| Jackson County Wisconsin | 8 | $ 900,000 | $ 112,000 | $ 66,000 |
| Allamakee County Iowa | 7 | $ 1,295,000 | $ 185,000 | $ 125,000 |
| Grant County Minnesota | 7 | $ 1,245,000 | $ 177,000 | $ 92,000 |
| Lincoln County Minnesota | 7 | $ 1,455,000 | $ 207,000 | $ 95,000 |
| Meeker County Minnesota | 7 | $ 1,425,000 | $ 203,000 | $ 138,000 |
| Ramsey County North Dakota | 7 | $ 1,245,000 | $ 177,000 | $ 66,000 |
| Jefferson County Iowa | 6 | $ 670,000 | $ 111,000 | $ 0 |
| Aitkin County Minnesota | 6 | $ 1,010,000 | $ 168,000 | $ 99,000 |
| Chisago County Minnesota | 6 | $ 960,000 | $ 160,000 | $ 66,000 |
| Clay County Minnesota | 6 | $ 1,190,000 | $ 198,000 | $ 90,000 |
| Isanti County Minnesota | 6 | $ 1,040,000 | $ 173,000 | $ 99,000 |
| Sibley County Minnesota | 6 | $ 900,000 | $ 150,000 | $ 89,000 |
| Meade County South Dakota | 6 | $ 1,530,000 | $ 255,000 | $ 0 |
| Polk County Wisconsin | 6 | $ 1,330,000 | $ 221,000 | $ 179,000 |
| Boone County Illinois | 5 | $ 1,525,000 | $ 305,000 | $ 281,000 |
| McLeod County Minnesota | 5 | $ 815,000 | $ 163,000 | $ 175,000 |
| Mower County Minnesota | 5 | $ 385,000 | $ 77,000 | $ 78,000 |
| Redwood County Minnesota | 5 | $ 755,000 | $ 151,000 | $ 97,000 |
| Pembina County North Dakota | 5 | $ 715,000 | $ 143,000 | $ 107,000 |
| Butte County South Dakota | 5 | $ 495,000 | $ 99,000 | $ 0 |
| Pennington County South Dakota | 5 | $ 1,285,000 | $ 257,000 | $ 0 |
| Barron County Wisconsin | 5 | $ 915,000 | $ 183,000 | $ 238,000 |
| Pinal County Arizona | 4 | $ 1,080,000 | $ 270,000 | $ 210,000 |
| Worth County Iowa | 4 | $ 480,000 | $ 120,000 | $ 126,000 |
| Freeborn County Minnesota | 4 | $ 370,000 | $ 92,000 | $ 64,000 |
| Pine County Minnesota | 4 | $ 830,000 | $ 207,000 | $ 96,000 |
| Yellow Medicine County Minnesota | 4 | $ 680,000 | $ 170,000 | $ 75,000 |
| Gregory County South Dakota | 4 | $ 390,000 | $ 97,000 | $ 59,000 |
| Douglas County Wisconsin | 4 | $ 540,000 | $ 135,000 | $ 80,000 |
| Dunn County Wisconsin | 4 | $ 340,000 | $ 85,000 | $ 55,000 |
| Juneau County Wisconsin | 4 | $ 2,330,000 | $ 582,000 | $ 50,000 |
| St. Croix County Wisconsin | 4 | $ 760,000 | $ 190,000 | $ 103,000 |
| Maricopa County Arizona | 3 | $ 1,085,000 | $ 361,000 | $ 279,000 |
| Manatee County Florida | 3 | $ 845,000 | $ 281,000 | $ 297,000 |
| Cook County Illinois | 3 | $ 1,125,000 | $ 375,000 | $ 356,000 |
| Winneshiek County Iowa | 3 | $ 425,000 | $ 141,000 | $ 76,000 |
| Benton County Minnesota | 3 | $ 495,000 | $ 165,000 | $ 56,000 |
| Brown County Minnesota | 3 | $ 345,000 | $ 115,000 | $ 78,000 |
| Le Sueur County Minnesota | 3 | $ 595,000 | $ 198,000 | $ 115,000 |
| Marshall County Minnesota | 3 | $ 515,000 | $ 171,000 | $ 169,000 |
| Martin County Minnesota | 3 | $ 285,000 | $ 95,000 | $ 162,000 |
| Morrison County Minnesota | 3 | $ 585,000 | $ 195,000 | $ 123,000 |
| Pope County Minnesota | 3 | $ 1,065,000 | $ 355,000 | $ 161,000 |
| Steele County Minnesota | 3 | $ 485,000 | $ 161,000 | $ 76,000 |
| Wadena County Minnesota | 3 | $ 525,000 | $ 175,000 | $ 96,000 |
| Burleigh County North Dakota | 3 | $ 785,000 | $ 261,000 | $ 113,000 |
| McKenzie County North Dakota | 3 | $ 525,000 | $ 175,000 | $ 83,000 |
| Oliver County North Dakota | 3 | $ 605,000 | $ 201,000 | $ 105,000 |
| Charles Mix County South Dakota | 3 | $ 465,000 | $ 155,000 | $ 79,000 |
| Pierce County Washington | 3 | $ 925,000 | $ 308,000 | $ 508,000 |
| Bayfield County Wisconsin | 3 | $ 605,000 | $ 201,000 | $ 163,000 |
| Oneida County Wisconsin | 3 | $ 545,000 | $ 181,000 | $ 753,000 |
| Sawyer County Wisconsin | 3 | $ 245,000 | $ 81,000 | $ 62,000 |
| Lee County Florida | 2 | $ 550,000 | $ 275,000 | $ 139,000 |
| Pinellas County Florida | 2 | $ 540,000 | $ 270,000 | $ 90,000 |
| Henry County Iowa | 2 | $ 240,000 | $ 120,000 | $ 81,000 |
| Mitchell County Iowa | 2 | $ 200,000 | $ 100,000 | $ 61,000 |
| Beltrami County Minnesota | 2 | $ 410,000 | $ 205,000 | $ 117,000 |
| Carlton County Minnesota | 2 | $ 220,000 | $ 110,000 | $ 41,000 |
| Cottonwood County Minnesota | 2 | $ 250,000 | $ 125,000 | $ 104,000 |
| Lac qui Parle County Minnesota | 2 | $ 590,000 | $ 295,000 | $ 84,000 |
| Traverse County Minnesota | 2 | $ 370,000 | $ 185,000 | $ 83,000 |
| Lancaster County Nebraska | 2 | $ 170,000 | $ 85,000 | $ 70,000 |
| Sarpy County Nebraska | 2 | $ 360,000 | $ 180,000 | $ 80,000 |
| Saunders County Nebraska | 2 | $ 400,000 | $ 200,000 | $ 92,000 |
| Lyon County Nevada | 2 | $ 280,000 | $ 140,000 | $ 91,000 |
| Custer County South Dakota | 2 | $ 300,000 | $ 150,000 | $ 92,000 |
| Jones County South Dakota | 2 | $ 270,000 | $ 135,000 | $ 51,000 |
| Burnett County Wisconsin | 2 | $ 260,000 | $ 130,000 | $ 232,000 |
| Clark County Wisconsin | 2 | $ 210,000 | $ 105,000 | $ 59,000 |
| Dane County Wisconsin | 2 | $ 400,000 | $ 200,000 | $ 94,000 |
| Rusk County Wisconsin | 2 | $ 670,000 | $ 335,000 | $ 377,000 |
| Sauk County Wisconsin | 2 | $ 1,880,000 | $ 940,000 | $ 0 |
| Taylor County Wisconsin | 2 | $ 500,000 | $ 250,000 | $ 9,000 |
| Vilas County Wisconsin | 2 | $ 620,000 | $ 310,000 | $ 189,000 |
| Washburn County Wisconsin | 2 | $ 260,000 | $ 130,000 | $ 38,000 |
| Pima County Arizona | 1 | $ 175,000 | $ 175,000 | $ 83,000 |
| Yavapai County Arizona | 1 | $ 125,000 | $ 125,000 | $ 150,000 |
| Adams County Colorado | 1 | $ 195,000 | $ 195,000 | $ 552,000 |
| Gunnison County Colorado | 1 | $ 55,000 | $ 55,000 | $ 91,000 |
| Jefferson County Colorado | 1 | $ 455,000 | $ 455,000 | $ 146,000 |
| Broward County Florida | 1 | $ 455,000 | $ 455,000 | $ 174,000 |
| Charlotte County Florida | 1 | $ 115,000 | $ 115,000 | $ 199,000 |
| Collier County Florida | 1 | $ 1,155,000 | $ 1,155,000 | $ 170,000 |
| Marion County Florida | 1 | $ 95,000 | $ 95,000 | $ 74,000 |
| Osceola County Florida | 1 | $ 155,000 | $ 155,000 | $ 0 |
| Palm Beach County Florida | 1 | $ 245,000 | $ 245,000 | $ 102,000 |
| St. Johns County Florida | 1 | $ 235,000 | $ 235,000 | $ 92,000 |
| Ogle County Illinois | 1 | $ 235,000 | $ 235,000 | $ 158,000 |
| Stephenson County Illinois | 1 | $ 105,000 | $ 105,000 | $ 77,000 |
| Bartholomew County Indiana | 1 | $ 185,000 | $ 185,000 | $ 67,000 |
| Lake County Indiana | 1 | $ 335,000 | $ 335,000 | $ 550,000 |
| Des Moines County Iowa | 1 | $ 85,000 | $ 85,000 | $ 35,000 |
| Floyd County Iowa | 1 | $ 325,000 | $ 325,000 | $ 104,000 |
| Franklin County Iowa | 1 | $ 105,000 | $ 105,000 | $ 65,000 |
| Hancock County Iowa | 1 | $ 155,000 | $ 155,000 | $ 75,000 |
| Humboldt County Iowa | 1 | $ 45,000 | $ 45,000 | $ 97,000 |
| Marion County Iowa | 1 | $ 175,000 | $ 175,000 | $ 0 |
| Monroe County Iowa | 1 | $ 205,000 | $ 205,000 | $ 56,000 |
| Ontonagon County Michigan | 1 | $ 115,000 | $ 115,000 | $ 294,000 |
| Kittson County Minnesota | 1 | $ 35,000 | $ 35,000 | $ 24,000 |
| Lake of the Woods County Minnesota | 1 | $ 175,000 | $ 175,000 | $ 60,000 |
| Murray County Minnesota | 1 | $ 145,000 | $ 145,000 | $ 66,000 |
| Nobles County Minnesota | 1 | $ 195,000 | $ 195,000 | $ 64,000 |
| Pipestone County Minnesota | 1 | $ 315,000 | $ 315,000 | $ 85,000 |
| Renville County Minnesota | 1 | $ 55,000 | $ 55,000 | $ 48,000 |
| Wilkin County Minnesota | 1 | $ 155,000 | $ 155,000 | $ 126,000 |
| Richland County Montana | 1 | $ 245,000 | $ 245,000 | $ 32,000 |
| Stanton County Nebraska | 1 | $ 345,000 | $ 345,000 | $ 107,000 |
| Hillsborough County New Hampshire | 1 | $ 225,000 | $ 225,000 | $ 30,000 |
| Hettinger County North Dakota | 1 | $ 215,000 | $ 215,000 | $ 139,000 |
| Morton County North Dakota | 1 | $ 205,000 | $ 205,000 | $ 60,000 |
| Renville County North Dakota | 1 | $ 125,000 | $ 125,000 | $ 36,000 |
| Richland County North Dakota | 1 | $ 225,000 | $ 225,000 | $ 60,000 |
| Sheridan County North Dakota | 1 | $ 75,000 | $ 75,000 | $ 16,000 |
| Towner County North Dakota | 1 | $ 125,000 | $ 125,000 | $ 60,000 |
| Ward County North Dakota | 1 | $ 245,000 | $ 245,000 | $ 426,000 |
| Brookings County South Dakota | 1 | $ 145,000 | $ 145,000 | $ 48,000 |
| Minnehaha County South Dakota | 1 | $ 175,000 | $ 175,000 | $ 44,000 |
| Tripp County South Dakota | 1 | $ 135,000 | $ 135,000 | $ 41,000 |
| Galveston County Texas | 1 | $ 45,000 | $ 45,000 | $ 154,000 |
| Adams County Wisconsin | 1 | $ 125,000 | $ 125,000 | $ 0 |
| Columbia County Wisconsin | 1 | $ 105,000 | $ 105,000 | $ 80,000 |
| Crawford County Wisconsin | 1 | $ 605,000 | $ 605,000 | $ 469,000 |
| Grant County Wisconsin | 1 | $ 95,000 | $ 95,000 | $ 43,000 |
| Lincoln County Wisconsin | 1 | $ 235,000 | $ 235,000 | $ 96,000 |
| Marinette County Wisconsin | 1 | $ 85,000 | $ 85,000 | $ 42,000 |
| Pepin County Wisconsin | 1 | $ 475,000 | $ 475,000 | $ 0 |
| Price County Wisconsin | 1 | $ 125,000 | $ 125,000 | $ 48,000 |
| Washington County Wisconsin | 1 | $ 175,000 | $ 175,000 | $ 24,000 |
| Waukesha County Wisconsin | 1 | $ 205,000 | $ 205,000 | $ 80,000 |
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 2018
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 | 1,552 | $322,430,000 | $207,000 | $2,885,000 | $107,000 | $1,461,000 |
| Refinancing | 620 | $81,710,000 | $131,000 | $2,265,000 | $109,000 | $1,278,000 |
| Other Purpose | 328 | $19,180,000 | $58,000 | $455,000 | $117,000 | $643,000 |
| Cash-out Refinancing | 283 | $48,635,000 | $171,000 | $455,000 | $106,000 | $577,000 |
| Home Improvement | 189 | $10,695,000 | $56,000 | $505,000 | $127,000 | $2,887,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 2,515 | $397,635,000 | $158,000 | $1,285,000 | $107,000 | $2,887,000 |
| Not applicable | 194 | $48,570,000 | $250,000 | $2,885,000 | $0 | $0 |
| Not Provided | 193 | $24,065,000 | $124,000 | $785,000 | $133,000 | $934,000 |
| Asian | 28 | $5,730,000 | $204,000 | $895,000 | $129,000 | $485,000 |
| Hispanic | 26 | $3,080,000 | $118,000 | $255,000 | $92,000 | $760,000 |
| Black or African American | 7 | $1,545,000 | $220,000 | $655,000 | $147,000 | $377,000 |
| American Indian or Alaskan Native | 6 | $1,020,000 | $170,000 | $245,000 | $110,000 | $199,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
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) | 2,915 | $472,325,000 | $162,000 | $2,885,000 | $110,000 | $2,887,000 |
| VA-guaranteed (Veterans Administration) | 23 | $5,375,000 | $233,000 | $425,000 | $93,000 | $234,000 |
| FHA-insured (Federal Housing Administration) | 18 | $2,850,000 | $158,000 | $265,000 | $74,000 | $135,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 16 | $2,100,000 | $131,000 | $195,000 | $53,000 | $84,000 |
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 | 2,544 | $405,260,000 | $159,000 | $2,885,000 | $111,000 | $2,887,000 |
| Application Withdrawn By Applicant | 228 | $42,130,000 | $184,000 | $1,285,000 | $102,000 | $934,000 |
| Application Denied By Financial Institution | 98 | $14,870,000 | $151,000 | $575,000 | $75,000 | $285,000 |
| Loan Purchased By The Institution | 51 | $9,755,000 | $191,000 | $455,000 | $0 | $0 |
| Application Approved But Not Accepted | 46 | $9,710,000 | $211,000 | $585,000 | $125,000 | $552,000 |
| File Closed For Incompleteness | 5 | $925,000 | $185,000 | $265,000 | $96,000 | $180,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 2,874 | $467,780,000 | $162,000 | $2,885,000 | $111,000 | $2,887,000 |
| Debt-To-Income Ratio | 38 | $6,430,000 | $169,000 | $425,000 | $59,000 | $124,000 |
| Collateral | 26 | $3,810,000 | $146,000 | $425,000 | $89,000 | $285,000 |
| Credit History | 21 | $2,645,000 | $125,000 | $575,000 | $75,000 | $235,000 |
| Other | 8 | $1,110,000 | $138,000 | $375,000 | $103,000 | $224,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $455,000 | $151,000 | $295,000 | $67,000 | $111,000 |
| Unverifiable Information | 2 | $420,000 | $210,000 | $335,000 | $81,000 | $106,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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.