Wells Federal Bank
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 Wells Federal Bank.
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 Wells Federal Bank
53 1St St Sw
Wells, MN 56097
Tel #: available with data download
Federal Regulator * available with data download
Years 2016  2015  2014  2013  2012  
Total Number of Mortgage Applications 474
Total Mortgage Loan Application Amount $57,545,000
Average Mortgage Loan Application Amount $103,666
Highest Mortgage Loan Application Amount $432,000
Average Applicant Income $76,000
Highest Applicant Income $662,000

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.

Mortgage Loan Application Totals for Wells Federal Bank by County in 2015

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Blue Earth County Minnesota 90 $ 12,862,000 $ 142,000 $ 73,000
Faribault County Minnesota 61 $ 5,072,000 $ 83,000 $ 69,000
Nicollet County Minnesota 49 $ 6,712,000 $ 136,000 $ 68,000
Freeborn County Minnesota 46 $ 5,068,000 $ 110,000 $ 83,000
Martin County Minnesota 46 $ 4,477,000 $ 97,000 $ 59,000
Steele County Minnesota 24 $ 2,226,000 $ 92,000 $ 73,000
Watonwan County Minnesota 18 $ 1,332,000 $ 74,000 $ 69,000
Dakota County Minnesota 13 $ 2,130,000 $ 163,000 $ 74,000
Brown County Minnesota 12 $ 1,365,000 $ 113,000 $ 74,000
Goodhue County Minnesota 10 $ 1,593,000 $ 159,000 $ 80,000
Ramsey County Minnesota 10 $ 1,616,000 $ 161,000 $ 109,000
Yellow Medicine County Minnesota 10 $ 828,000 $ 82,000 $ 49,000
Le Sueur County Minnesota 9 $ 1,358,000 $ 150,000 $ 82,000
Redwood County Minnesota 9 $ 689,000 $ 76,000 $ 64,000
Rice County Minnesota 8 $ 1,458,000 $ 182,000 $ 82,000
Waseca County Minnesota 8 $ 1,174,000 $ 146,000 $ 74,000
Cottonwood County Minnesota 6 $ 365,000 $ 60,000 $ 43,000
Hennepin County Minnesota 5 $ 981,000 $ 196,000 $ 130,000
Mower County Minnesota 5 $ 666,000 $ 133,000 $ 91,000
Scott County Minnesota 5 $ 1,050,000 $ 210,000 $ 96,000
Carver County Minnesota 3 $ 513,000 $ 171,000 $ 82,000
Chippewa County Minnesota 3 $ 325,000 $ 108,000 $ 52,000
Fillmore County Minnesota 3 $ 368,000 $ 122,000 $ 87,000
Kossuth County Iowa 2 $ 99,000 $ 49,000 $ 30,000
Aitkin County Minnesota 2 $ 245,000 $ 122,000 $ 121,000
Lincoln County Minnesota 2 $ 389,000 $ 194,000 $ 122,000
Stearns County Minnesota 2 $ 241,000 $ 120,000 $ 47,000
Boone County Iowa 1 $ 171,000 $ 171,000 $ 61,000
Emmet County Iowa 1 $ 49,000 $ 49,000 $ 39,000
Anoka County Minnesota 1 $ 216,000 $ 216,000 $ 70,000
Cass County Minnesota 1 $ 400,000 $ 400,000 $ 64,000
Dodge County Minnesota 1 $ 121,000 $ 121,000 $ 66,000
Itasca County Minnesota 1 $ 290,000 $ 290,000 $ 160,000
Kittson County Minnesota 1 $ 60,000 $ 60,000 $ 124,000
Lyon County Minnesota 1 $ 67,000 $ 67,000 $ 47,000
McLeod County Minnesota 1 $ 160,000 $ 160,000 $ 101,000
Murray County Minnesota 1 $ 165,000 $ 165,000 $ 60,000
Renville County Minnesota 1 $ 257,000 $ 257,000 $ 198,000
Washington County Minnesota 1 $ 130,000 $ 130,000 $ 131,000
Wright County Minnesota 1 $ 257,000 $ 257,000 $ 50,000

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 Wells Federal Bank 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 246 $31,196,000 $126,000 $432,000 $69,000 $662,000
Refinancing 189 $24,071,000 $127,000 $417,000 $76,000 $486,000
Home Improvement 39 $2,278,000 $58,000 $239,000 $83,000 $392,000

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 440 $53,881,000 $122,000 $432,000 $75,000 $662,000
Hispanic 16 $1,032,000 $64,000 $132,000 $39,000 $95,000
Not applicable 7 $1,136,000 $162,000 $324,000 $0 $0
Not Provided 4 $388,000 $97,000 $154,000 $66,000 $96,000
Asian 4 $525,000 $131,000 $309,000 $59,000 $158,000
Black or African American 3 $583,000 $194,000 $354,000 $137,000 $219,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 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) 424 $54,801,000 $129,000 $432,000 $77,000 $662,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 40 $2,603,000 $65,000 $189,000 $33,000 $68,000
FHA-insured (Federal Housing Administration) 10 $141,000 $14,000 $25,000 $63,000 $94,000
VA-guaranteed (Veterans Administration) 0 $0 $0 $0 $0 $0

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 328 $39,884,000 $121,000 $432,000 $73,000 $486,000
Application Approved But Not Accepted 78 $10,302,000 $132,000 $417,000 $87,000 $662,000
Application Denied By Financial Institution 64 $6,881,000 $107,000 $300,000 $54,000 $132,000
Application Withdrawn By Applicant 3 $370,000 $123,000 $164,000 $86,000 $97,000
File Closed For Incompleteness 1 $108,000 $108,000 $108,000 $130,000 $130,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
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 1 $50,000 $50,000 $50,000 $51,000 $51,000
Debt-To-Income Ratio 1 $187,000 $187,000 $187,000 $35,000 $35,000
Employment History 0 $0 $0 $0 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
Collateral 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.

Download the Minnesota Lender List