Faribault County, MN Mortgage Lenders & HMDA Data, 2020

In 2020, lenders reported 536 mortgage applications in Faribault County, MN totaling $62.9 million, up 41% from 2019. The average application was for $117,000, and applicants reported an average income of $74,000. 62% of applications resulted in an originated loan and 14% were denied. The most active lender was Compeer Financial, with 58 applications, followed by Citizens Community Federal N.A. and Hometown Bank.

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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 536
Total Mortgage Loan Application Amount $62,930,000
Average Mortgage Loan Application Amount $117,000
Highest Mortgage Loan Application Amount $405,000
Average Applicant Income $74,000
Highest Applicant Income $479,000

Mortgage Company List for Lending in Faribault County, MN for 2020

* Phone Numbers for Mortgage Lenders are available with a Data Download Report
Mortgage Lender Phone Number Mortgage Lender Assets Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications
Compeer Financial
2600 JENNY WREN TRAIL
SUN PRAIRIE, WI 53590
* $ -1,000 58 $ 8,650,000
Citizens Community Federal N.A.
219 FAIRFAX STREET
ALTOONA, WI 54720
* $ 1,531,129,000 42 $ 3,520,000
Hometown Bank
1600 MONROE DRIVE
CARVER, MN 55315
* $ 353,740,000 41 $ 5,125,000
Wells Fargo Bank NA

MINNEAPOLIS, MN 55415
* $ 1,712,919,000,000 32 $ 3,250,000
US Bank, N.A.
425 WALNUT STREET
CINCINNATI, OH 45202
* $ 486,004,220,000 30 $ 2,570,000
United Wholesale Mortgage
40600 ANN ARBOR RD E STE 201
PLYMOUTH, MI 48170
* $ -1,000 27 $ 3,945,000
Everett Financial, Inc.
14801 QUORUM DRIVE, SUITE 300
DALLAS, TX 75254
* $ -1,000 18 $ 1,740,000
Fairway Independent Mort Corp
4801 S. BILTMORE LANE
MADISON, WI 53718
* $ -1,000 15 $ 1,345,000
PennyMac Loan Services LLC
3043 TOWNSGATE ROAD
WESTLAKE VILLAGE, CA 91361
* $ -1,000 12 $ 1,430,000
Merchants Bank, National Association
102 EAST THIRD STREET
WINONA, MN 55987
* $ 1,864,126,000 11 $ 1,565,000
Affinity Plus Federal Credit Union
175 WEST LAFAYETTE FRONTAGE ROAD
SAINT PAUL, MN 55107
* $ 2,399,512,000 10 $ 860,000
Roundbank
200 SECOND STREET NE, PO BOX 667
WASECA, MN 56093
* $ 325,074,000 10 $ 1,060,000
Plains Commerce Bank
220 MAIN ST
HOVEN, SD 57450
* $ 707,275,000 10 $ 890,000
Carrington Mortgage Services LLC
500 NORTH STATE COLLEGE BOULEVARD SUITES 1030, 1300 AND 1400
ORANGE, CA 92868
* $ -1,000 10 $ 1,040,000
Freedom Mortgage Corporation
951 YAMATO ROAD SUITE 175
BOCA RATON, FL 33431
* $ -1,000 10 $ 1,240,000
Iowa Bankers Mortgage Corporation
8800 NW 62ND AVE
JOHNSTON, IA 50131
* $ -1,000 10 $ 1,530,000
Community Bank Mankato
300 ST ANDREWS DR
VERNON CENTER, MN 56090
* $ 333,412,000 9 $ 755,000
Mortgage Research Center
1400 VETERANS UNITED DR.
COLUMBIA, MO 65203
* $ -1,000 8 $ 970,000
Thrivent Federal Credit Union

SHAKOPEE, MN 55379
* $ 629,553,000 7 $ 795,000
Minnesota Valley Federal Credit Union
1640 ADAMS ST
MANKATO, MN 56001
* $ 182,880,000 6 $ 790,000
New Day Financial, Llc.
360 SOUTH ROSEMARY AVENUE SUITE 1900
WEST PALM BEACH, FL 33401
* $ -1,000 6 $ 780,000
Caliber Home Loans, Inc.
1525 S. BELTLINE ROAD
WILMINGTON, DE 75019
* $ -1,000 6 $ 430,000
Cardinal Financial Company, Li
3530 TORINGDON WAY STE 200
CHARLOTTE, NC 28277
* $ -1,000 5 $ 665,000
Southpoint Financial Credit Union
924 MAIN STREET E
SLEEPY EYE, MN 56085
* $ 369,032,000 5 $ 315,000
Bremer Bank NA
372 SAINT PETER STREET
SAINT PAUL, MN 55102
* $ 13,105,582,000 5 $ 385,000
Home Federal Savings Bank
1016 CIVIC CENTER DR NW
ROCHESTER, MN 55901
* $ 777,069,000 4 $ 190,000
Bell Bank
3100 13TH AVE S
FARGO, ND 58103
* $ 6,492,180,000 4 $ 750,000
Discover Bank
12 READS WAY
GREENWOOD, DE 19950
* $ 112,384,202,000 4 $ 180,000
Frandsen Bank & Trust
116 CENTRAL STREET WEST
LONSDALE, MN 55046
* $ 1,708,246,000 4 $ 810,000
Leaderone Financial Corp.
7500 COLLEGE BLVD SUITE 1150
OVERLAND PARK, KS 66210
* $ -1,000 4 $ 630,000
Bank Midwest
1525 18TH STREET SUITE 100
SPIRIT LAKE, IA 51360
* $ 948,772,000 4 $ 530,000
Barrington Bank & Trust Company, N.A.
201 SOUTH HOUGH STREET
BARRINGTON, IL 60010
* $ 2,445,435,000 4 $ 540,000
Newrez LLC

FORT WASHINGTON, PA 19034
* $ -1,000 4 $ 820,000
loanDepot.com LLC
6561 IRVINE CENTER DRIVE
IRVINE, CA 92618
* $ -1,000 3 $ 425,000
Movement Mortgage, LLC
8024 CALVIN HALL ROAD
INDIAN LAND, SC 29707
* $ -1,000 3 $ 235,000
Pioneer Bank
320 STADIUM ROAD SUITE 100
MANKATO, MN 56001
* $ 658,193,000 3 $ 85,000
Luminate Home Loans, Inc.
2523 WAYZATA BLVD SUITE 200
MINNEAPOLIS, MN 55405
* $ -1,000 3 $ 525,000
Guaranteed Rate, Inc.
3940 NORTH RAVENSWOOD AVE
CHICAGO, IL 60613
* $ -1,000 3 $ 555,000
Primary Residential Mortgage, Inc.
1480 N 2200 W
SALT LAKE CITY, UT 84116
* $ -1,000 3 $ 395,000
Tcf National Bank
2508 LOUISE AVE S (PCC-2E-L)
SIOUX FALLS, SD 57106
* $ 46,627,366,000 3 $ 175,000
Bankvista
125 TWIN RIVERS CT
SARTELL, MN 56377
* $ 347,062,000 3 $ 385,000
First Federal Bank
4705 US HWY 90 W
LAKE CITY, FL 32055
* $ 2,177,570,000 2 $ 410,000
Plaza Home Mortgage, Inc
4820 EASTGATE MALL, STE 100
SAN DIEGO, CA 92121
* $ -1,000 2 $ 270,000
Flagstar Bank NA

TROY, MI 49098
* $ 23,234,514,000 2 $ 200,000
Sun West Mortgage Company, Inc
18000 STUDEBAKER ROAD, SUITE 200
CERRITOS, CA 90703
* $ -1,000 2 $ 280,000
Intercap Lending Inc
910 EAST 6600 SOUTH
SALT LAKE CITY, UT 84121
* $ -1,000 2 $ 370,000
JPMorgan Chase Bank, NA
1111 POLARIS PARKWAY
COLUMBUS, OH 43240
* $ 2,337,646,000,000 2 $ 390,000
Lend Smart Mortgage, LLC
3450 LEXINGTON AVE N
OAKDALE, MN 55126
* $ -1,000 2 $ 140,000
Land Home Financial Services,
1355 WILLOW WAY, SUITE 250
CONCORD, CA 94520
* $ -1,000 2 $ 170,000
First Savings Bank
501 E. LEWIS & CLARK PARKWAY
JEFFERSONVILLE, IN 47130
* $ 1,289,704,000 1 $ 185,000
USAA Federal Savings Bank
10750 MCDERMOTT FREEWAY
SAN ANTONIO, TX 78288
* $ 88,826,789,000 1 $ 105,000
Reverse Mortgage Funding LLC
1455 BROAD ST., 2ND FL
BLOOMFIELD, NJ 07003
* $ -1,000 1 $ 115,000
Amerisave Mortgage Company
1200 ALTMORE AVENUE BUILDING 2 SUITE 300
SANDY SPRINGS, GA 30342
* $ -1,000 1 $ 145,000
PNC Bank N.A.
249 FIFTH AVE. MS P1-POPP-22-2
PITTSBURGH, PA 15222
* $ 397,703,264,000 1 $ 225,000
Nationstar Mortgage
8950 CYPRESS WATERS BLVD.
COPPELL, TX 75019
* $ -1,000 1 $ 65,000
Ideal Credit Union
8499 TAMARACK ROAD
WOODBURY, MN 55125
* $ 763,132,000 1 $ 25,000
Mutual of Omaha Mortgage

LOMBARD, IL 60148
* $ -1,000 1 $ 95,000
Crosscountry Mortgage, LLC
2160 SUPERIOR AVENUE
CLEVELAND, OH 44114
* $ -1,000 1 $ 55,000
Trustone Financial Credit Union
14601 27TH AVENUE NORTH
PLYMOUTH, MN 55447
* $ 1,553,647,000 1 $ 145,000
American Financing Corporation
3045 S PARKER RD BUILDING B
AURORA, CO 80014
* $ -1,000 1 $ 305,000
Amerihome Mortgage Company, LLC
1 BAXTER WAY SUITE 300
THOUSAND OAKS, CA 91362
* $ -1,000 1 $ 135,000
Blackridgebank
4040 42ND ST SW, SUITE O
FARGO, ND 58104
* $ 484,305,000 1 $ 95,000
Academy Mortgage Corporation
339 WEST 13490 SOUTH
SALT LAKE CITY, UT 84020
* $ -1,000 1 $ 125,000
Alerus Financial NA
PO BOX 6001
GRAND FORKS, ND 58206
* $ 2,354,874,000 1 $ 205,000
Northwest Bank
705 GRAND AVE.
SPENCER, IA 51301
* $ 1,688,814,000 1 $ 215,000
Citizens Bank Minnesota
105 NORTH MINNESOTA STREET
NEW ULM, MN 56073
* $ 432,148,000 1 $ 225,000
Lakeview Loan Servicing, LLC
4425 PONCE DE LEON BLVD.
CORAL GABLES, FL 33146
* $ -1,000 1 $ 255,000
Bank of England
PO BOX 70
ENGLAND, AR 72046
* $ 464,504,000 1 $ 145,000
Deerwood Bank
21236 ARCHIBALD ROAD
WAITE PARK, MN 56387
* $ 719,021,000 1 $ 135,000
Wings Financial Credit Union
14985 GLAZIER AVENUE
APPLE VALLEY, MN 55124
* $ 5,633,125,000 1 $ 125,000
Navy Federal Credit Union
820 FOLLIN LANE
VIENNA, VA 22180
* $ 111,986,078,000 1 $ 15,000
North Shore Federal Credit Union
85 OUTER DR
SILVER BAY, MN 55614
* $ -1,000 1 $ 95,000
Guaranteed Rate Affinity, LLC
1800 WEST LARCHMONT AVE
CHICAGO, IL 60613
* $ -1,000 1 $ 165,000
Crescent Mortgage Company

MORGANTOWN, WV 26505
* $ -1,000 1 $ 65,000
Mortgage Solutions of Colorado
7450 CAMPUS DRIVE SUITE 200
COLORADO SPRINGS, CO 80920
* $ -1,000 1 $ 135,000
M&T Bank
701 SENECA STREET - SUITE 330N
BUFFALO, NY 14203
* $ 119,432,105,000 1 $ 95,000
Spring Eq, LLC
1 WEST ELM STREET SUITE 450
CONSHOHOCKEN, PA 19428
* $ -1,000 1 $ 65,000
New American Funding, Llc.
14511 MYFORD ROAD, SUITE 100
TUSTIN, CA 92780
* $ -1,000 1 $ 95,000
The Money Source Inc.
135 MAXESS ROAD
NEW YORK, NY 11747
* $ -1,000 1 $ 265,000
Manufacturers Bank & Trust Co
245 EAST J ST, PO BOX 450
FOREST CITY, IA 50436
* $ 370,704,000 1 $ 135,000
Old National Bank
ONE MAIN STREET
EVANSVILLE, IN 47708
* $ 20,311,535,000 1 $ 25,000
First National Bank of America
241 EAST SAGINAW
EAST LANSING, MI 48823
* $ 2,488,033,000 1 $ 175,000

The tables below break down 2020 mortgage applications in Faribault County, MN by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Faribault County, MN in 2020

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 261 $29,935,000 $114,000 $405,000 $67,000 $445,000
Refinancing 150 $18,990,000 $126,000 $335,000 $80,000 $479,000
Cash-out Refinancing 93 $11,905,000 $128,000 $305,000 $84,000 $248,000
Home Improvement 12 $820,000 $68,000 $205,000 $89,000 $225,000
Other Purpose 12 $410,000 $34,000 $65,000 $58,000 $111,000
Not Applicable 8 $870,000 $108,000 $225,000 $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 437 $51,375,000 $117,000 $405,000 $75,000 $479,000
Not applicable 44 $4,770,000 $108,000 $265,000 $32,000 $32,000
Not Provided 39 $4,655,000 $119,000 $305,000 $74,000 $247,000
Hispanic 16 $2,130,000 $133,000 $265,000 $43,000 $63,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 0 $0 $0 $0 $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) 374 $44,170,000 $118,000 $405,000 $81,000 $479,000
FHA-insured (Federal Housing Administration) 80 $8,670,000 $108,000 $265,000 $52,000 $420,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 41 $4,345,000 $105,000 $185,000 $43,000 $89,000
VA-guaranteed (Veterans Administration) 41 $5,745,000 $140,000 $335,000 $49,000 $100,000

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 334 $40,780,000 $122,000 $405,000 $78,000 $479,000
Application Denied By Financial Institution 74 $6,970,000 $94,000 $405,000 $54,000 $332,000
Application Withdrawn By Applicant 53 $5,805,000 $109,000 $325,000 $70,000 $420,000
Loan Purchased By The Institution 42 $5,060,000 $120,000 $265,000 $66,000 $104,000
Application Approved But Not Accepted 22 $3,010,000 $136,000 $305,000 $83,000 $248,000
File Closed For Incompleteness 10 $1,180,000 $118,000 $305,000 $80,000 $165,000
Preapproval Denied by Financial Institution 1 $125,000 $125,000 $125,000 $48,000 $48,000
Preapproval Approved but not Accepted 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 427 $52,605,000 $123,000 $405,000 $78,000 $479,000
Debt-To-Income Ratio 55 $5,935,000 $107,000 $405,000 $60,000 $198,000
Credit History 23 $1,725,000 $75,000 $305,000 $50,000 $109,000
Collateral 8 $630,000 $78,000 $225,000 $54,000 $129,000
Other 8 $680,000 $85,000 $195,000 $89,000 $332,000
Credit Application Incomplete 5 $495,000 $99,000 $225,000 $54,000 $111,000
Unverifiable Information 4 $320,000 $80,000 $145,000 $56,000 $114,000
Insufficient Cash (Downpayment, Closing Cost) 4 $350,000 $87,000 $165,000 $66,000 $98,000
Employment History 2 $190,000 $95,000 $115,000 $25,000 $31,000
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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