Emmet County, IA Mortgage Lenders & HMDA Data, 2021
In 2021, lenders reported 387 mortgage applications in Emmet County, IA totaling $45.0 million, up 20% from 2020. The average application was for $116,000, and applicants reported an average income of $66,000. 55% of applications resulted in an originated loan and 16% were denied. The most active lender was Northwest Bank, with 69 applications, followed by Iowa Bankers Mortgage Corporation and Bank Midwest.
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| Years | 2025 2024 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 | 387 |
| Total Mortgage Loan Application Amount | $44,965,000 |
| Average Mortgage Loan Application Amount | $116,000 |
| Highest Mortgage Loan Application Amount | $545,000 |
| Average Applicant Income | $66,000 |
| Highest Applicant Income | $346,000 |
Top Mortgage Lenders in Emmet County, IA (2021)
Ranked by the number of mortgage applications each lender reported in Emmet County, IA in 2021.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Northwest Bank Spencer, IA |
69 | $6,085,000 | $88,000 | $64,000 |
| 2 | Iowa Bankers Mortgage Corporation Johnston, IA |
34 | $4,970,000 | $146,000 | $77,000 |
| 3 | Bank Midwest Spirit Lake, IA |
24 | $3,210,000 | $133,000 | $74,000 |
| 4 | Flanagan State Bank Flanagan, IL |
22 | $2,420,000 | $110,000 | $55,000 |
| 5 | Tradition Mortgage, LLC Lakeville, MN |
18 | $1,990,000 | $110,000 | $53,000 |
| 6 | PennyMac Loan Services LLC Westlake Village, CA |
14 | $1,940,000 | $138,000 | $48,000 |
| 7 | US Bank, N.A. Cincinnati, OH |
13 | $2,215,000 | $170,000 | $39,000 |
| 8 | Wells Fargo Bank NA Minneapolis, MN |
11 | $975,000 | $88,000 | $64,000 |
| 9 | Central Bank Storm Lake, IA |
9 | $1,205,000 | $133,000 | $97,000 |
| 10 | Freedom Mortgage Corporation Boca Raton, FL |
9 | $1,115,000 | $123,000 | $47,000 |
The tables below break down 2021 mortgage applications in Emmet County, IA by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Emmet County, IA in 2021
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 | 188 | $22,830,000 | $121,000 | $545,000 | $59,000 | $346,000 |
| Refinancing | 102 | $12,350,000 | $121,000 | $545,000 | $65,000 | $152,000 |
| Cash-out Refinancing | 63 | $8,265,000 | $131,000 | $285,000 | $74,000 | $172,000 |
| Other Purpose | 18 | $670,000 | $37,000 | $105,000 | $60,000 | $150,000 |
| Home Improvement | 14 | $790,000 | $56,000 | $115,000 | $114,000 | $209,000 |
| Not Applicable | 2 | $60,000 | $30,000 | $35,000 | $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 | 301 | $33,765,000 | $112,000 | $545,000 | $66,000 | $346,000 |
| Not applicable | 45 | $6,065,000 | $134,000 | $545,000 | $0 | $0 |
| Not Provided | 28 | $3,680,000 | $131,000 | $285,000 | $63,000 | $139,000 |
| Hispanic | 8 | $740,000 | $92,000 | $135,000 | $48,000 | $91,000 |
| American Indian or Alaskan Native | 4 | $610,000 | $152,000 | $205,000 | $71,000 | $103,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $105,000 | $105,000 | $105,000 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 246 | $29,450,000 | $119,000 | $545,000 | $73,000 | $346,000 |
| FHA-insured (Federal Housing Administration) | 57 | $5,595,000 | $98,000 | $205,000 | $47,000 | $123,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 48 | $5,470,000 | $113,000 | $285,000 | $47,000 | $88,000 |
| VA-guaranteed (Veterans Administration) | 36 | $4,450,000 | $123,000 | $235,000 | $51,000 | $103,000 |
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 | 211 | $24,695,000 | $117,000 | $545,000 | $69,000 | $346,000 |
| Application Denied By Financial Institution | 63 | $7,255,000 | $115,000 | $505,000 | $62,000 | $218,000 |
| Loan Purchased By The Institution | 48 | $6,100,000 | $127,000 | $545,000 | $42,000 | $68,000 |
| Application Withdrawn By Applicant | 39 | $4,065,000 | $104,000 | $285,000 | $65,000 | $144,000 |
| File Closed For Incompleteness | 16 | $2,010,000 | $125,000 | $285,000 | $60,000 | $114,000 |
| Application Approved But Not Accepted | 9 | $705,000 | $78,000 | $125,000 | $36,000 | $48,000 |
| Preapproval Approved but not Accepted | 1 | $135,000 | $135,000 | $135,000 | $44,000 | $44,000 |
| 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 | 324 | $37,710,000 | $116,000 | $545,000 | $66,000 | $346,000 |
| Credit History | 20 | $2,030,000 | $101,000 | $215,000 | $72,000 | $133,000 |
| Debt-To-Income Ratio | 13 | $1,415,000 | $108,000 | $275,000 | $50,000 | $122,000 |
| Credit Application Incomplete | 11 | $1,835,000 | $166,000 | $505,000 | $76,000 | $218,000 |
| Other | 7 | $695,000 | $99,000 | $165,000 | $56,000 | $115,000 |
| Collateral | 5 | $525,000 | $105,000 | $235,000 | $66,000 | $137,000 |
| Unverifiable Information | 3 | $345,000 | $115,000 | $145,000 | $66,000 | $75,000 |
| Employment History | 3 | $345,000 | $115,000 | $195,000 | $10,000 | $30,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $65,000 | $65,000 | $65,000 | $75,000 | $75,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
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