Merchants Bank, National Association
Mortgage Loan Application
Totals and Details
for 2023
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 2003-2023.
| 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 | 2023 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 | 1,708 |
| Total Mortgage Loan Application Amount | $488,850,000 |
| Average Mortgage Loan Application Amount | $191,000 |
| Highest Mortgage Loan Application Amount | $38,865,000 |
| Average Applicant Income | $126,600 |
| Highest Applicant Income | $3,959,000 |
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 | 403 | $ 61,165,000 | $ 151,000 | $ 110,000 |
| Dakota County Minnesota | 147 | $ 84,465,000 | $ 574,000 | $ 146,000 |
| Goodhue County Minnesota | 120 | $ 19,750,000 | $ 164,000 | $ 106,000 |
| La Crosse County Wisconsin | 115 | $ 26,035,000 | $ 226,000 | $ 136,000 |
| Olmsted County Minnesota | 110 | $ 20,400,000 | $ 185,000 | $ 117,000 |
| Fillmore County Minnesota | 74 | $ 11,380,000 | $ 153,000 | $ 98,000 |
| Houston County Minnesota | 64 | $ 9,790,000 | $ 152,000 | $ 111,000 |
| Hennepin County Minnesota | 58 | $ 17,730,000 | $ 305,000 | $ 303,000 |
| Rice County Minnesota | 55 | $ 11,515,000 | $ 209,000 | $ 156,000 |
| Washington County Minnesota | 38 | $ 33,540,000 | $ 882,000 | $ 228,000 |
| Buffalo County Wisconsin | 29 | $ 4,455,000 | $ 153,000 | $ 114,000 |
| Ramsey County Minnesota | 28 | $ 9,340,000 | $ 333,000 | $ 160,000 |
| Scott County Minnesota | 26 | $ 7,380,000 | $ 283,000 | $ 236,000 |
| Wabasha County Minnesota | 25 | $ 3,685,000 | $ 147,000 | $ 108,000 |
| Cass County Minnesota | 21 | $ 5,445,000 | $ 259,000 | $ 148,000 |
| Eau Claire County Wisconsin | 21 | $ 22,765,000 | $ 1,084,000 | $ 124,000 |
| Trempealeau County Wisconsin | 20 | $ 4,050,000 | $ 202,000 | $ 111,000 |
| Crow Wing County Minnesota | 18 | $ 5,770,000 | $ 320,000 | $ 134,000 |
| Dodge County Minnesota | 16 | $ 2,420,000 | $ 151,000 | $ 78,000 |
| Hubbard County Minnesota | 12 | $ 3,010,000 | $ 250,000 | $ 114,000 |
| Wright County Minnesota | 12 | $ 20,280,000 | $ 1,690,000 | $ 110,000 |
| Anoka County Minnesota | 10 | $ 3,500,000 | $ 350,000 | $ 358,000 |
| Lyon County Minnesota | 10 | $ 1,920,000 | $ 192,000 | $ 81,000 |
| St. Croix County Wisconsin | 10 | $ 3,120,000 | $ 312,000 | $ 193,000 |
| Pennington County South Dakota | 9 | $ 2,585,000 | $ 287,000 | $ 0 |
| Carver County Minnesota | 8 | $ 3,500,000 | $ 437,000 | $ 204,000 |
| Otter Tail County Minnesota | 7 | $ 1,645,000 | $ 235,000 | $ 127,000 |
| Pierce County Wisconsin | 7 | $ 2,175,000 | $ 310,000 | $ 125,000 |
| Freeborn County Minnesota | 6 | $ 970,000 | $ 161,000 | $ 69,000 |
| Mille Lacs County Minnesota | 6 | $ 850,000 | $ 141,000 | $ 68,000 |
| Sherburne County Minnesota | 6 | $ 1,340,000 | $ 223,000 | $ 197,000 |
| Polk County Wisconsin | 6 | $ 1,730,000 | $ 288,000 | $ 175,000 |
| Le Sueur County Minnesota | 5 | $ 2,035,000 | $ 407,000 | $ 342,000 |
| Mower County Minnesota | 5 | $ 1,465,000 | $ 293,000 | $ 154,000 |
| Lawrence County South Dakota | 5 | $ 1,795,000 | $ 359,000 | $ 0 |
| Chippewa County Wisconsin | 5 | $ 865,000 | $ 173,000 | $ 159,000 |
| Lee County Florida | 4 | $ 3,600,000 | $ 900,000 | $ 506,000 |
| Aitkin County Minnesota | 4 | $ 850,000 | $ 212,000 | $ 120,000 |
| Blue Earth County Minnesota | 4 | $ 1,170,000 | $ 292,000 | $ 523,000 |
| Douglas County Minnesota | 4 | $ 1,200,000 | $ 300,000 | $ 110,000 |
| Isanti County Minnesota | 4 | $ 720,000 | $ 180,000 | $ 310,000 |
| Redwood County Minnesota | 4 | $ 520,000 | $ 130,000 | $ 48,000 |
| St. Louis County Minnesota | 4 | $ 690,000 | $ 172,000 | $ 96,000 |
| Todd County Minnesota | 4 | $ 680,000 | $ 170,000 | $ 59,000 |
| Cass County North Dakota | 4 | $ 1,460,000 | $ 365,000 | $ 168,000 |
| Dane County Wisconsin | 4 | $ 13,450,000 | $ 3,362,000 | $ 185,000 |
| Monroe County Wisconsin | 4 | $ 170,000 | $ 42,000 | $ 68,000 |
| Vernon County Wisconsin | 4 | $ 600,000 | $ 150,000 | $ 130,000 |
| Allamakee County Iowa | 3 | $ 495,000 | $ 165,000 | $ 116,000 |
| Winneshiek County Iowa | 3 | $ 625,000 | $ 208,000 | $ 98,000 |
| Becker County Minnesota | 3 | $ 795,000 | $ 265,000 | $ 84,000 |
| Kittson County Minnesota | 3 | $ 295,000 | $ 98,000 | $ 78,000 |
| Steele County Minnesota | 3 | $ 685,000 | $ 228,000 | $ 89,000 |
| Wadena County Minnesota | 3 | $ 605,000 | $ 201,000 | $ 73,000 |
| Mercer County North Dakota | 3 | $ 805,000 | $ 268,000 | $ 163,000 |
| Butte County South Dakota | 3 | $ 905,000 | $ 301,000 | $ 0 |
| Douglas County Wisconsin | 3 | $ 1,985,000 | $ 661,000 | $ 109,000 |
| Dunn County Wisconsin | 3 | $ 1,425,000 | $ 475,000 | $ 135,000 |
| Juneau County Wisconsin | 3 | $ 2,075,000 | $ 691,000 | $ 155,000 |
| Sauk County Wisconsin | 3 | $ 4,135,000 | $ 1,378,000 | $ 167,000 |
| Maricopa County Arizona | 2 | $ 660,000 | $ 330,000 | $ 77,000 |
| Brevard County Florida | 2 | $ 710,000 | $ 355,000 | $ 338,000 |
| Sarasota County Florida | 2 | $ 1,060,000 | $ 530,000 | $ 273,000 |
| Hancock County Iowa | 2 | $ 300,000 | $ 150,000 | $ 59,000 |
| Benton County Minnesota | 2 | $ 580,000 | $ 290,000 | $ 120,000 |
| Chisago County Minnesota | 2 | $ 670,000 | $ 335,000 | $ 125,000 |
| Lincoln County Minnesota | 2 | $ 320,000 | $ 160,000 | $ 78,000 |
| Marshall County Minnesota | 2 | $ 370,000 | $ 185,000 | $ 205,000 |
| Pine County Minnesota | 2 | $ 1,020,000 | $ 510,000 | $ 207,000 |
| Rock County Minnesota | 2 | $ 550,000 | $ 275,000 | $ 77,000 |
| Stearns County Minnesota | 2 | $ 400,000 | $ 200,000 | $ 98,000 |
| Traverse County Minnesota | 2 | $ 260,000 | $ 130,000 | $ 146,000 |
| Watonwan County Minnesota | 2 | $ 140,000 | $ 70,000 | $ 49,000 |
| Cascade County Montana | 2 | $ 2,170,000 | $ 1,085,000 | $ 133,000 |
| Nuckolls County Nebraska | 2 | $ 460,000 | $ 230,000 | $ 183,000 |
| Grand Forks County North Dakota | 2 | $ 530,000 | $ 265,000 | $ 96,000 |
| McLean County North Dakota | 2 | $ 200,000 | $ 100,000 | $ 54,000 |
| Pembina County North Dakota | 2 | $ 110,000 | $ 55,000 | $ 81,000 |
| Stutsman County North Dakota | 2 | $ 330,000 | $ 165,000 | $ 65,000 |
| Walsh County North Dakota | 2 | $ 400,000 | $ 200,000 | $ 105,000 |
| Meade County South Dakota | 2 | $ 690,000 | $ 345,000 | $ 0 |
| Barron County Wisconsin | 2 | $ 640,000 | $ 320,000 | $ 119,000 |
| Jackson County Wisconsin | 2 | $ 470,000 | $ 235,000 | $ 106,000 |
| Racine County Wisconsin | 2 | $ 700,000 | $ 350,000 | $ 132,000 |
| Sawyer County Wisconsin | 2 | $ 290,000 | $ 145,000 | $ 154,000 |
| Waukesha County Wisconsin | 2 | $ 520,000 | $ 260,000 | $ 158,000 |
| Crook County Wyoming | 2 | $ 1,100,000 | $ 550,000 | $ 0 |
| Fairbanks North Star County Alaska | 1 | $ 255,000 | $ 255,000 | $ 80,000 |
| Navajo County Arizona | 1 | $ 725,000 | $ 725,000 | $ 298,000 |
| Pima County Arizona | 1 | $ 255,000 | $ 255,000 | $ 0 |
| Adams County Colorado | 1 | $ 35,000 | $ 35,000 | $ 71,000 |
| Charlotte County Florida | 1 | $ 305,000 | $ 305,000 | $ 239,000 |
| Collier County Florida | 1 | $ 4,905,000 | $ 4,905,000 | $ 0 |
| Duval County Florida | 1 | $ 165,000 | $ 165,000 | $ 115,000 |
| Pinellas County Florida | 1 | $ 435,000 | $ 435,000 | $ 106,000 |
| Chatham County Georgia | 1 | $ 185,000 | $ 185,000 | $ 50,000 |
| Bonner County Idaho | 1 | $ 505,000 | $ 505,000 | $ 512,000 |
| Clinton County Iowa | 1 | $ 75,000 | $ 75,000 | $ 101,000 |
| Franklin County Iowa | 1 | $ 275,000 | $ 275,000 | $ 86,000 |
| Guthrie County Iowa | 1 | $ 55,000 | $ 55,000 | $ 70,000 |
| Jefferson County Iowa | 1 | $ 55,000 | $ 55,000 | $ 189,000 |
| Lee County Iowa | 1 | $ 105,000 | $ 105,000 | $ 186,000 |
| Marquette County Michigan | 1 | $ 355,000 | $ 355,000 | $ 153,000 |
| Brown County Minnesota | 1 | $ 185,000 | $ 185,000 | $ 156,000 |
| Clay County Minnesota | 1 | $ 365,000 | $ 365,000 | $ 261,000 |
| Cottonwood County Minnesota | 1 | $ 445,000 | $ 445,000 | $ 153,000 |
| Kanabec County Minnesota | 1 | $ 245,000 | $ 245,000 | $ 97,000 |
| Koochiching County Minnesota | 1 | $ 365,000 | $ 365,000 | $ 78,000 |
| Murray County Minnesota | 1 | $ 155,000 | $ 155,000 | $ 52,000 |
| Nicollet County Minnesota | 1 | $ 155,000 | $ 155,000 | $ 72,000 |
| Norman County Minnesota | 1 | $ 205,000 | $ 205,000 | $ 58,000 |
| Pipestone County Minnesota | 1 | $ 315,000 | $ 315,000 | $ 288,000 |
| Roseau County Minnesota | 1 | $ 35,000 | $ 35,000 | $ 91,000 |
| Sibley County Minnesota | 1 | $ 235,000 | $ 235,000 | $ 135,000 |
| Waseca County Minnesota | 1 | $ 105,000 | $ 105,000 | $ 69,000 |
| Yellow Medicine County Minnesota | 1 | $ 55,000 | $ 55,000 | $ 32,000 |
| Christian County Missouri | 1 | $ 205,000 | $ 205,000 | $ 66,000 |
| Yellowstone County Montana | 1 | $ 185,000 | $ 185,000 | $ 158,000 |
| Cass County Nebraska | 1 | $ 135,000 | $ 135,000 | $ 56,000 |
| Seward County Nebraska | 1 | $ 245,000 | $ 245,000 | $ 185,000 |
| Iredell County North Carolina | 1 | $ 445,000 | $ 445,000 | $ 117,000 |
| Burleigh County North Dakota | 1 | $ 405,000 | $ 405,000 | $ 151,000 |
| Oliver County North Dakota | 1 | $ 355,000 | $ 355,000 | $ 99,000 |
| Allegheny County Pennsylvania | 1 | $ 245,000 | $ 245,000 | $ 115,000 |
| Georgetown County South Carolina | 1 | $ 275,000 | $ 275,000 | $ 0 |
| Brown County South Dakota | 1 | $ 195,000 | $ 195,000 | $ 80,000 |
| Fall River County South Dakota | 1 | $ 115,000 | $ 115,000 | $ 0 |
| Minnehaha County South Dakota | 1 | $ 255,000 | $ 255,000 | $ 64,000 |
| Adams County Wisconsin | 1 | $ 245,000 | $ 245,000 | $ 137,000 |
| Bayfield County Wisconsin | 1 | $ 205,000 | $ 205,000 | $ 184,000 |
| Clark County Wisconsin | 1 | $ 475,000 | $ 475,000 | $ 114,000 |
| Crawford County Wisconsin | 1 | $ 235,000 | $ 235,000 | $ 228,000 |
| Forest County Wisconsin | 1 | $ 275,000 | $ 275,000 | $ 575,000 |
| Marathon County Wisconsin | 1 | $ 1,215,000 | $ 1,215,000 | $ 0 |
| Pepin County Wisconsin | 1 | $ 175,000 | $ 175,000 | $ 62,000 |
| Rock County Wisconsin | 1 | $ 155,000 | $ 155,000 | $ 31,000 |
| Rusk County Wisconsin | 1 | $ 405,000 | $ 405,000 | $ 258,000 |
| Vilas County Wisconsin | 1 | $ 1,115,000 | $ 1,115,000 | $ 969,000 |
| Washburn County Wisconsin | 1 | $ 35,000 | $ 35,000 | $ 71,000 |
| Wood County Wisconsin | 1 | $ 245,000 | $ 245,000 | $ 64,000 |
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 2023
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 | 901 | $381,295,000 | $423,000 | $38,865,000 | $142,000 | $1,800,000 |
| Refinancing | 307 | $62,065,000 | $202,000 | $18,705,000 | $138,000 | $3,959,000 |
| Other Purpose | 238 | $18,530,000 | $77,000 | $455,000 | $123,000 | $816,000 |
| Home Improvement | 183 | $12,045,000 | $65,000 | $1,885,000 | $126,000 | $731,000 |
| Cash-out Refinancing | 79 | $14,915,000 | $188,000 | $535,000 | $104,000 | $615,000 |
| 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 | 1,405 | $266,175,000 | $189,000 | $2,365,000 | $128,000 | $1,350,000 |
| Not applicable | 137 | $187,785,000 | $1,370,000 | $38,865,000 | $0 | $0 |
| Not Provided | 118 | $25,570,000 | $216,000 | $1,125,000 | $224,000 | $3,959,000 |
| Hispanic | 23 | $3,935,000 | $171,000 | $705,000 | $91,000 | $310,000 |
| Asian | 15 | $2,845,000 | $189,000 | $525,000 | $133,000 | $277,000 |
| Black or African American | 6 | $1,290,000 | $215,000 | $565,000 | $112,000 | $163,000 |
| American Indian or Alaskan Native | 4 | $1,250,000 | $312,000 | $615,000 | $160,000 | $222,000 |
| 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) | 1,668 | $477,240,000 | $286,000 | $38,865,000 | $136,000 | $3,959,000 |
| FHA-insured (Federal Housing Administration) | 17 | $4,255,000 | $250,000 | $525,000 | $104,000 | $240,000 |
| VA-guaranteed (Veterans Administration) | 17 | $6,135,000 | $360,000 | $855,000 | $102,000 | $180,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 6 | $1,220,000 | $203,000 | $305,000 | $64,000 | $90,000 |
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 | 1,456 | $397,570,000 | $273,000 | $38,865,000 | $138,000 | $3,959,000 |
| Application Withdrawn By Applicant | 142 | $70,340,000 | $495,000 | $17,905,000 | $129,000 | $512,000 |
| Application Denied By Financial Institution | 69 | $10,655,000 | $154,000 | $705,000 | $77,000 | $271,000 |
| Loan Purchased By The Institution | 23 | $7,445,000 | $323,000 | $725,000 | $0 | $0 |
| Application Approved But Not Accepted | 16 | $2,460,000 | $153,000 | $355,000 | $95,000 | $192,000 |
| File Closed For Incompleteness | 2 | $380,000 | $190,000 | $335,000 | $107,000 | $162,000 |
| 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 | 1,639 | $478,195,000 | $291,000 | $38,865,000 | $137,000 | $3,959,000 |
| Debt-To-Income Ratio | 30 | $5,260,000 | $175,000 | $705,000 | $76,000 | $245,000 |
| Credit History | 20 | $2,570,000 | $128,000 | $375,000 | $96,000 | $271,000 |
| Collateral | 12 | $1,710,000 | $142,000 | $385,000 | $67,000 | $191,000 |
| Employment History | 3 | $595,000 | $198,000 | $325,000 | $22,000 | $38,000 |
| Other | 2 | $200,000 | $100,000 | $155,000 | $131,000 | $131,000 |
| Unverifiable Information | 1 | $155,000 | $155,000 | $155,000 | $42,000 | $42,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $165,000 | $165,000 | $165,000 | $58,000 | $58,000 |
| 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.