Kanabec County, MN Mortgage Lenders & HMDA Data, 2016

In 2016, lenders reported 795 mortgage applications in Kanabec County, MN totaling $101.8 million, up 6% from 2015. The average application was for $128,000, and applicants reported an average income of $67,000. 55% of applications resulted in an originated loan and 18% were denied. The most active lender was Blaze Credit Union, with 69 applications, followed by Wells Fargo Bank NA and Neighborhood National 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 795
Total Mortgage Loan Application Amount $101,835,000
Average Mortgage Loan Application Amount $128,000
Highest Mortgage Loan Application Amount $1,399,000
Average Applicant Income $67,000
Highest Applicant Income $2,661,000

Mortgage Company List for Lending in Kanabec County, MN for 2016

* 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
Blaze Credit Union
2025 LARPENTEUR AVE W
FALCON HEIGHTS, MN 55113
* $ 825,612,000 69 $ 5,629,000
Wells Fargo Bank NA

MINNEAPOLIS, MN 55415
* $ 1,610,580,000,000 55 $ 7,432,000
Neighborhood National Bank
45 NORTH UNION
MORA, MN 55051
* $ 224,146,000 50 $ 4,237,000
US Bank, N.A.
425 WALNUT STREET
CINCINNATI, OH 45202
* $ 417,458,234,000 35 $ 4,069,000
loanDepot.com LLC
6561 IRVINE CENTER DRIVE
IRVINE, CA 92618
* $ 138,031,000 32 $ 4,338,000
Luminate Home Loans, Inc.
2523 WAYZATA BLVD SUITE 200
MINNEAPOLIS, MN 55405
* $ 4,028,990,000 20 $ 3,172,000
Associated Bank NA
200 NORTH ADAMS STREET
GREEN BAY, WI 54301
* $ 27,567,209,000 18 $ 2,360,000
JPMorgan Chase Bank, NA
1111 POLARIS PARKWAY
COLUMBUS, OH 43240
* $ 1,914,658,000,000 16 $ 1,661,000
PennyMac Loan Services LLC
3043 TOWNSGATE ROAD
WESTLAKE VILLAGE, CA 91361
* $ 39,000,000 16 $ 2,333,000
Northview Bank
510 MAIN STREET
SANDSTONE, MN 55072
* $ 324,098,000 16 $ 2,166,000
Crescent Mortgage Company

MORGANTOWN, WV 26505
* $ 826,484,000 16 $ 2,285,000
Frandsen Bank & Trust
116 CENTRAL STREET WEST
LONSDALE, MN 55046
* $ 1,597,914,000 16 $ 1,614,000
Pacific Union Financial, LLC
8900 FREEPORT PKWY, STE 150
IRVING, TX 75063
* $ 40,000,000 15 $ 2,055,000
Guaranteed Rate, Inc.
3940 NORTH RAVENSWOOD AVE
CHICAGO, IL 60613
* $ 10,000,000 14 $ 1,586,000
Freedom Mortgage Corporation
10500 KINCAID DRIVE
FISHERS, IN 46037
* $ 10,000,000 14 $ 1,723,000
Affinity Plus Federal Credit Union
175 WEST LAFAYETTE FRONTAGE ROAD
SAINT PAUL, MN 55107
* $ 1,792,910,000 13 $ 893,000
Compeer Financial
2600 JENNY WREN TRAIL
SUN PRAIRIE, WI 53590
* $ 10,000,000 13 $ 3,350,000
Primelending
18111 PRESTON ROAD SUITE 900
DALLAS, TX 75252
* $ 8,764,654,000 12 $ 1,592,000
Merchants Bank, National Association
102 EAST THIRD STREET
WINONA, MN 55987
* $ 1,587,008,000 10 $ 1,852,000
Servion
500 MAIN STREET
NEW BRIGHTON, MN 55112
* $ 250,000,000 10 $ 1,604,000
Ditech Financial LLC
1100 VIRGINIA DRIVE, SUITE 100
FORT WASHINGTON, PA 19034
* $ 6,260,444,000 10 $ 1,384,000
Marketplace Home Mortgage, LLC
7380 FRANCE AVE S, STE 200
EDINA, MN 55435
* $ 34,593,007,000 10 $ 1,230,000
Lennar Mortgage, LLC
5505 WATERFORD DISTRICT DRIVE SUITE 505
MIAMI, FL 33126
* $ 31,000,000 10 $ 1,025,000
Nationstar Mortgage
8950 CYPRESS WATERS BLVD.
COPPELL, TX 75019
* $ 10,000,000 9 $ 1,380,000
Towne Mortgage Company
888 WEST BIG BEAVER ROAD SUITE 310
TROY, MI 48084
* $ 35,475,880,000 9 $ 1,305,000
Members Cooperative Credit Union
4628 MIKE COLALILLO DR
DULUTH, MN 55816
* $ 628,944,000 9 $ 1,337,000
The First National Bank of Milaca
190 2ND AVE SW
MILACA, MN 56353
* $ 193,695,000 9 $ 991,000
Leaderone Financial Corp.
7500 COLLEGE BLVD SUITE 1150
OVERLAND PARK, KS 66210
* $ 100,000,000 8 $ 1,172,000
Barrington Bank & Trust Company, N.A.
201 SOUTH HOUGH STREET
BARRINGTON, IL 60010
* $ 1,949,868,000 7 $ 1,310,000
Flagstar Bank NA

TROY, MI 49098
* $ 13,649,486,000 7 $ 941,000
Stearns Bank National Association
4191 2ND ST S
ST. CLOUD, MN 56301
* $ 1,808,236,000 6 $ 975,000
Waterstone Mortgage Corporation
17950 W CORPORATE DR STE 100
BROOKFIELD, WI 53045
* $ 1,603,436,000 6 $ 742,000
Minnco Credit Union
235 WEST 1ST AVENUE
CAMBRIDGE, MN 55008
* $ 237,819,000 6 $ 258,000
Woodlands National Bank
122 EAST MAIN STREET P.O. BOX 190
HINCKLEY, MN 55037
* $ 159,686,000 6 $ 650,000
Mortgage Research Center
1400 VETERANS UNITED DR.
COLUMBIA, MO 65203
* $ 880,000,000 6 $ 1,409,000
Sun West Mortgage Company, Inc
18000 STUDEBAKER ROAD, SUITE 200
CERRITOS, CA 90703
* $ 10,000,000 5 $ 1,312,000
American Financial Resources LLC
9 SYLVAN WAY
PARSIPPANY, NJ 07054
* $ 10,000,000 5 $ 582,000
21st Mortgage
620 MARKET ST SUITE 100
KNOXVILLE, TN 37902
* $ 10,000,000 5 $ 197,000
Lend Smart Mortgage, LLC
3450 LEXINGTON AVE N
OAKDALE, MN 55126
* $ 2,304,353,000 4 $ 640,000
Guild Mortgage Company
5898 COPLEY DRIVE
SAN DIEGO, CA 92111
* $ 31,000,000 4 $ 554,000
Bremer Bank, NA
372 ST. PETER STREET
ST. PAUL, MN 55102
* $ 10,643,549,000 4 $ 1,032,000
Tradition Mortgage, LLC
16995 BRANDTJEN FARM DRIVE SUTE 300
LAKEVILLE, MN 55044
* $ 10,000,000 4 $ 767,000
Mortgages Unlimited Inc.
7365 KIRKWOOD COURT NORTH SUITE 300
MAPLE GROVE, MN 55113
* $ 1,518,000 4 $ 554,000
Lake Area Bank
12790 FIRST AVE N - PO BOX 743
LINDSTROM, MN 55045
* $ 287,252,000 3 $ 295,000
Town & Country Banc Mortgage Services, Inc.
3601 W WABASH AVE
SPRINGFIELD, IL 62711
* $ 516,267,000 3 $ 368,000
Homeservices Lending, LLC
2700 WESTOWN PARKWAY, SUITE 345
WEST DES MOINES, IA 50266
* $ 25,000,000 3 $ 189,000
Suntrust Mortgage, Inc.
901 SEMMES AVENUE
RICHMOND, VA 23224
* $ 186,710,993,000 3 $ 288,000
Everbank N.A.
501 RIVERSIDE AVENUE
JACKSONVILLE, FL 32202
* $ 26,594,410,000 3 $ 387,000
Amerihome Mortgage Company, LLC
1 BAXTER WAY SUITE 300
THOUSAND OAKS, CA 91362
* $ 10,000,000 3 $ 410,000
Stearns Lending, LLC
4 HUTTON CENTRE, 10TH FLOOR
SANTA ANA, CA 92707
* $ 10,000,000 3 $ 556,000
Fairway Independent Mort Corp
4801 S. BILTMORE LANE
MADISON, WI 53718
* $ 10,000,000 3 $ 527,000
St. Cloud Financial Credit Union
3030 1ST ST S
SAINT CLOUD, MN 56301
* $ 145,327,000 3 $ 360,000
Cambria Financial Group
11000 W 78TH STREET, SUITE 300
EDEN PRAIRIE, MN 55344
* $ 7,380,000 3 $ 456,000
Village Bank
3350 BRIDGE STREET NW
ST FRANCIS, MN 55070
* $ 206,897,000 3 $ 663,000
Tcf National Bank
2508 LOUISE AVE S (PCC-2E-L)
SIOUX FALLS, SD 57106
* $ 20,703,184,000 2 $ 139,000
Navy Federal Credit Union
820 FOLLIN LANE
VIENNA, VA 22180
* $ 73,279,079,000 2 $ 255,000
PHH Mortgage Corporation

WEST PALM BEACH, FL 33409
* $ 31,000,000 2 $ 269,000
Stonegate Mortgage Corporation
9190 PRIORITY WAY WEST DRIVE
INDIANAPOLIS, IN 46240
* $ 10,000,000 2 $ 253,000
American Portfolio Mortgage Corporation
800 EAST NORTHWEST HIGHWAY
PALATINE, IL 60067
* $ 9,427,000 2 $ 208,000
Allied Mortgage Group, Inc
225 E. CITY AVENUE, SUITE 102
BALA CYNWYD, PA 19004
* $ 10,000,000 2 $ 358,000
Ideal Credit Union
8499 TAMARACK ROAD
WOODBURY, MN 55125
* $ 617,498,000 2 $ 96,000
Finance of America Mortgage LLC
300 WELSH ROAD BUILDING 5
WILMINGTON, DE 19044
* $ 10,000,000 2 $ 373,000
PHH Home Loans, LLC
1 MORTGAGE WAY 2ND FLOOR
MT LAUREL, NJ 08054
* $ 4,597,939,000 2 $ 267,000
Bay Equity LLC

DETROIT, MI 48226
* $ 12,210,000 2 $ 384,000
Everett Financial, Inc.
14801 QUORUM DRIVE, SUITE 300
DALLAS, TX 75254
* $ 3,642,000 2 $ 501,000
Mortgage300 Corporation
10 SE CENTRAL PARKWAY SUITE 325
STUART, FL 34994
* $ 500,000 2 $ 258,000
Citimortgage, Inc.
1 COURT SQUARE, 43RD FLOOR
LONG ISLAND CITY, NY 11120
* $ 1,019,497,000,000 2 $ 153,000
Wings Financial Credit Union
14985 GLAZIER AVENUE
APPLE VALLEY, MN 55124
* $ 4,227,852,000 2 $ 177,000
Liberty Savings Bank, FSB
3435 AIRBORNE RD, STE B
WILMINGTON, OH 45177
* $ 621,543,000 2 $ 453,000
Midcountry Bank
7825 WASHINGTON AVE. S., STE. 120
BLOOMINGTON, MN 55439
* $ 767,869,000 2 $ 92,000
Kleinbank
301 CHESTNUT ST
CHASKA, MN 55318
* $ 1,906,975,000 2 $ 219,000
American Bank of the North
117 CENTRAL AVENUE
NASHWAUK, MN 55769
* $ 578,695,000 2 $ 342,000
Bell Bank
3100 13TH AVE S
FARGO, ND 58103
* $ 3,656,580,000 2 $ 319,000
Summit Mortgage Corporation
13355 10TH AVE N, SUITE 100
PLYMOUTH, MN 55442
* $ 10,000,000 2 $ 305,000
Forbright Bank
6701 DEMOCRACY BLVD, SUITE 400
CHEVY CHASE, MD 20815
* $ 504,343,000 2 $ 296,000
Peoples Bank
4831 W 6TH ST
LAWRENCE, KS 66049
* $ 451,930,000 2 $ 287,000
Bankvista
125 TWIN RIVERS CT
SARTELL, MN 56377
* $ 168,964,000 2 $ 233,000
Servbank, N.A.
3201 ORCHARD RD
OSWEGO, IL 60543
* $ 114,257,000 2 $ 313,000
Emm Loans LLC
3 EXECUTIVE CAMPUS, SUITE 520
CHERRY HILL, NJ 08003
* $ 10,000,000 2 $ 337,000
Franklin American Mortgage Company
6100 TOWER CIRCLE SUITE 600
FRANKLIN, TN 37067
* $ 10,000,000 2 $ 230,000
First Option Mortgage, LLC
1100 CIRCLE 75 PARKWAY SOUTH EAST SUITE 300
ATLANTA, GA 30339
* $ 941,000 2 $ 338,000
Florida Capital Bank, N.A
10151 DEERWOOD PARK BLVD. BLDG. 100 #200
JACKSONVILLE, FL 32256
* $ 340,713,000 2 $ 388,000
Center National Bank
301 N. RAMSEY AVE.
LITCHFIELD, MN 55355
* $ 199,895,000 1 $ 280,000
Hiawatha National Bank
N1555 770TH ST
HAGER CITY, WI 54014
* $ 171,875,000 1 $ 29,000
CMG Mortgage Inc
3160 CROW CANYON ROAD, SUITE 400
SAN RAMON, IL 94583
* $ 100,000,000 1 $ 67,000
Venture Bank
4470 W 78TH STREET CIRCLE SUITE 100
BLOOMINGTON, MN 55435
* $ 559,751,000 1 $ 135,000
Benchmark Bank
461 BEECHER ROAD
GAHANNA, OH 43230
* $ 122,305,000 1 $ 155,000
Sherburne State Bank
12500 SHERBURNE AVE
PO BOX 428, MN 55308
* $ 93,928,000 1 $ 50,000
Zillow Home Loans, LLC
2600 MICHELSON DRIVE
IRVINE, CA 92612
* $ 10,000,000 1 $ 156,000
American Internet Mortgage, Inc.
4121 CAMINO DEL RIO SOUTH
SAN DIEGO, CA 92108
* $ 10,000,000 1 $ 86,000
Low VA Rates, LLC
384 SOUTH 400 WEST, #100
LINDON, UT 84042
* $ 89,030,433,000 1 $ 202,000
Homeward Residential, Inc.
16675 ADDISON ROAD
ADDISON, TX 75001
* $ 3,809,880,000 1 $ 120,000
Northern State Bank of Virginia
600 CHESTNUT STREET
VIRGINIA, MN 55792
* $ 59,000,000 1 $ 270,000
Smw Financial Credit Union
700 APOLLO DRIVE
LINO LAKES, MN 55014
* $ 74,213,000 1 $ 117,000
Credit Human Federal Credit Un
6061 IH 10 WEST
SAN ANTONIO, TX 78215
* $ 2,801,773,000 1 $ 43,000
First Minnesota Bank
4625 COUNTY ROAD 101
MINNETONKA, MN 55345
* $ 405,960,000 1 $ 170,000
North American Savings Bank
12498 S 71 HIGHWAY
GRANDVIEW, MO 64030
* $ 1,580,860,000 1 $ 183,000
Hometown Bank
1000 EAST COOK STREET
REDWOOD FALLS, MN 56283
* $ 249,697,000 1 $ 90,000
Shoreham Bank
ONE HOME LOAN PLAZA
WARWICK, RI 02886
* $ 224,192,000 1 $ 25,000
Liberty Bank Minnesota
111 7TH AVE S
ST CLOUD, MN 56301
* $ 189,743,000 1 $ 75,000
Magnifi Financial Credit Union
20 4TH AVE SE
MELROSE, MN 56352
* $ 918,669,000 1 $ 57,000
Gold Star Mortgage Financial Group, Corporation
2350 GREEN ROAD SUITE 100B
ANN ARBOR, MI 48105
* $ 10,000,000 1 $ 266,000
Citizens Bank, NA
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903
* $ 108,064,717,000 1 $ 112,000
Texas Capital Bank, National Association
2000 MCKINNEY AVE SUITE 700
DALLAS, TX 75201
* $ 18,900,720,000 1 $ 92,000
Baxter Credit Union
340 N MILWAUKEE AVE
340 N MILWAUKEE AVE, IL 60061
* $ 2,358,315,000 1 $ 115,000
Ntfn, Inc.
700 STATE HIGHWAY 121, SUITE 100
PLANO, TX 75067
* $ 10,000,000 1 $ 123,000
New Day Financial, Llc.
360 SOUTH ROSEMARY AVENUE SUITE 1900
WEST PALM BEACH, FL 33401
* $ 4,088,336,000 1 $ 229,000
Ifreedom Direct Corporation
124 N. CHARLES LINDBERGH DRIVE
SLC, UT 84116
* $ 10,000,000 1 $ 90,000
First Guaranty Mortgage Corporation
1900 GALLOWS ROAD, SUITE 800
TYSONS CORNER, VA 22182
* $ 10,000,000 1 $ 117,000
Great River Federal CU
1532 W ST GERMAIN STREET
ST CLOUD, MN 56301
* $ 161,181,000 1 $ 50,000
Thrivent Federal Credit Union

SHAKOPEE, MN 55379
* $ 476,220,000 1 $ 180,000
Embrace Home Loans, Inc.
25 ENTERPRISE CENTER
MIDDLETOWN, RI 02842
* $ 10,000,000 1 $ 34,000
The Money Source Inc.
135 MAXESS ROAD
NEW YORK, NY 11747
* $ 10,000,000 1 $ 75,000
Caliber Home Loans, Inc.
1525 S. BELTLINE ROAD
WILMINGTON, DE 75019
* $ 1,543,699,000 1 $ 178,000
Homeowners Financial Group, LLC
16427 N. SCOTTSDALE ROAD, SUITE 145
SCOTTSDALE, AZ 85251
* $ 10,000,000 1 $ 290,000
Live Well Financial, Inc.
1011 BOULDER SPRINGS DRIVE
RICHMOND, VA 23225
* $ 176,870,000 1 $ 73,000
Nations Reliable Lending, LLC

HOUSTON, TX 77057
* $ 10,000,000 1 $ 112,000
Carrington Mortgage Services LLC
500 NORTH STATE COLLEGE BOULEVARD SUITES 1030, 1300 AND 1400
ORANGE, CA 92868
* $ 945,758,000 1 $ 113,000
Oceanside Mortgage Company
55 MAIN ST
TOMS RIVER, NJ 08753
* $ 10,000,000 1 $ 141,000
Financial One Credit Union
11465 ROBINSON DRIVE NW
COON RAPIDS, MN 55433
* $ 85,143,000 1 $ 10,000
Connexus Credit Union
2600 PINE RIDGE
WAUSAU, WI 54401
* $ 1,319,357,000 1 $ 18,000
Admirals Bank
15 PARK ROW WEST
PROVIDENCE, RI 02903
* $ 444,244,000 1 $ 35,000
Dubuque Bank and Trust Company
1398 CENTRAL AVENUE
DUBUQUE, IA 52001
* $ 1,617,322,000 1 $ 205,000
First Community Mortgage, Inc.
275 ROBERT ROSE DRIVE
MURFREESBORO, TN 37129
* $ 10,000,000 1 $ 162,000
Home Federal Bank
225 S. MAIN AVE
SIOUX FALLS, SD 57104
* $ 1,170,034,000 1 $ 297,000
Service First Federal Credit Union
3901 E 10TH STREET
SIOUX FALLS, SD 57103
* $ 140,360,000 1 $ 75,000
Trustone Home Mortgage, LLC
14601 27TH AVE N SUITE 103
PLYMOUTH, MN 55447
* $ 427,399,000 1 $ 80,000
Amerifirst Financial Corporation
950 TRADE CENTRE WAY SUITE 400
KALAMAZOO, MI 49009
* $ 10,000,000 1 $ 159,000
Sentry Bank
400 4TH AVE NE
ST. JOSEPH, MN 56374
* $ 204,559,000 1 $ 64,000
Plaza Home Mortgage, Inc
4820 EASTGATE MALL, STE 100
SAN DIEGO, CA 92121
* $ 10,000,000 1 $ 166,000
Paramount Residential Mortgage
1265 CORONA POINTE CT SUITE 301
CORONA, CA 92879
* $ 4,993,000 1 $ 135,000
Mortgage Assurance Inc
333 NORTH POINT CENTER E SUITE 230
ALPHARETTA, GA 30022
* $ 3,711,533,000 1 $ 92,000
American Neighborhood Mortgage Acceptance Company
700 EAST GATE DRIVE, SUITE 400
MT. LAUREL, NJ 08054
* $ 4,464,000 1 $ 92,000
Lakeview Loan Servicing, LLC
4425 PONCE DE LEON BLVD.
CORAL GABLES, FL 33146
* $ 1,825,398,000 1 $ 190,000
USAA Federal Savings Bank
10750 MCDERMOTT FREEWAY
SAN ANTONIO, TX 78288
* $ 71,130,930,000 1 $ 100,000
Suntrust Bank
P.O. BOX 4418, MAIL CODE 0663
ATLANTA, GA 30302
* $ 186,710,993,000 1 $ 25,000
Citibank, NA

NEW YORK, NY 10012
* $ 1,299,801,000,000 1 $ 119,000
Bank of America NA
31303 AGOURA RD CA6-917-01-20
WESTLAKE VILLAGE, CA 91361
* $ 1,639,305,000,000 1 $ 1,000
Alerus Financial NA
PO BOX 6001
GRAND FORKS, ND 58206
* $ 1,738,618,000 1 $ 294,000
Harvest Bank
PO BOX 70
KIMBALL, MN 55353
* $ 133,199,000 1 $ 170,000
Centier Bank
600 E 84TH AVENUE
MERRILLVILLE, IN 46410
* $ 3,128,427,000 1 $ 120,000
Falcon National Bank
183 CEDAR DRIVE
FOLEY, MN 56329
* $ 189,845,000 1 $ 216,000
Goldwater Bank, N.A.
2525 EAST CAMELBACK ROAD SUITE 1100
PHOENIX, AZ 85016
* $ 95,747,000 1 $ 126,000
Banc of California, National Association
18500 VON KARMAN AVENUE SUITE 1100
IRVINE, CA 92612
* $ 8,231,396,000 1 $ 150,000

The tables below break down 2016 mortgage applications in Kanabec 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 Kanabec County, MN in 2016

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 366 $47,673,000 $130,000 $417,000 $63,000 $1,277,000
Refinancing 363 $49,788,000 $137,000 $1,399,000 $71,000 $2,661,000
Home Improvement 66 $4,374,000 $66,000 $320,000 $64,000 $250,000

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 645 $83,375,000 $129,000 $1,399,000 $73,000 $2,661,000
Not applicable 67 $8,804,000 $131,000 $229,000 $5,000 $73,000
Not Provided 62 $7,538,000 $121,000 $306,000 $72,000 $384,000
Asian 8 $924,000 $115,000 $192,000 $39,000 $61,000
Hispanic 5 $286,000 $57,000 $101,000 $72,000 $153,000
American Indian or Alaskan Native 4 $327,000 $81,000 $158,000 $49,000 $104,000
Native Hawaiin or Other Pacific Islander 2 $302,000 $151,000 $189,000 $20,000 $40,000
Black or African American 2 $279,000 $139,000 $145,000 $56,000 $62,000

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) 537 $65,400,000 $121,000 $1,399,000 $80,000 $2,661,000
FHA-insured (Federal Housing Administration) 152 $20,580,000 $135,000 $276,000 $39,000 $163,000
VA-guaranteed (Veterans Administration) 54 $9,114,000 $168,000 $406,000 $37,000 $123,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 52 $6,741,000 $129,000 $420,000 $41,000 $188,000

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 440 $57,197,000 $129,000 $1,399,000 $73,000 $1,277,000
Application Denied By Financial Institution 144 $15,945,000 $110,000 $338,000 $58,000 $384,000
Loan Purchased By The Institution 95 $12,832,000 $135,000 $232,000 $23,000 $150,000
Application Withdrawn By Applicant 60 $8,483,000 $141,000 $400,000 $61,000 $167,000
Application Approved But Not Accepted 40 $5,065,000 $126,000 $360,000 $142,000 $2,661,000
File Closed For Incompleteness 16 $2,313,000 $144,000 $255,000 $51,000 $141,000
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
Credit History 37 $3,605,000 $97,000 $272,000 $66,000 $384,000
Collateral 16 $2,388,000 $149,000 $338,000 $82,000 $166,000
Debt-To-Income Ratio 13 $1,285,000 $98,000 $320,000 $46,000 $154,000
Insufficient Cash (Downpayment, Closing Cost) 5 $585,000 $117,000 $172,000 $41,000 $61,000
Other 5 $561,000 $112,000 $158,000 $37,000 $88,000
Credit Application Incomplete 4 $639,000 $159,000 $290,000 $73,000 $140,000
Employment History 1 $130,000 $130,000 $130,000 $12,000 $12,000
Unverifiable Information 1 $42,000 $42,000 $42,000 $22,000 $22,000
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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