Lake of the Woods County, MN Mortgage Lenders & HMDA Data, 2009
In 2009, lenders reported 115 mortgage applications in Lake of the Woods County, MN totaling $15.3 million, down 10% from 2008. The average application was for $133,000, and applicants reported an average income of $69,000. 47% of applications resulted in an originated loan and 18% were denied. The most active lender was Wells Fargo Bank, NA, with 34 applications, followed by US Bank, N.A. and Citibank, N.A..
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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 | 115 |
| Total Mortgage Loan Application Amount | $15,334,000 |
| Average Mortgage Loan Application Amount | $133,000 |
| Highest Mortgage Loan Application Amount | $1,800,000 |
| Average Applicant Income | $69,000 |
| Highest Applicant Income | $312,000 |
| Mortgage Lender | Phone Number | Mortgage Lender Assets | Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications |
|---|---|---|---|---|
| Wells Fargo Bank, NA 1 HOME CAMPUS, 4TH FLOOR, MAC X2301-042 DES MOINES, IA 50328 |
* | $ 538,958,000,000 | 34 | $ 5,757,000 |
| US Bank, N.A. 777 EAST WISCONSIN AVE MILWAUKEE, WI 53202 |
* | $ 261,775,591,000 | 10 | $ 1,221,000 |
| Citibank, N.A. 601 LEXINGTON AVENUE, 20TH FLOOR NEW YORK, NY 10022 |
* | $ 1,227,040,000,000 | 5 | $ 271,000 |
| Bank of America, N.A. 4500 PARK GRANADA CALABASAS, CA 91302 |
* | $ 1,471,631,047,000 | 5 | $ 672,000 |
| Citimortgage, Inc 601 LEXINGTON AVENUE, 20TH FLOOR NEW YORK, NY 10022 |
* | $ 1,019,497,000,000 | 4 | $ 476,000 |
| Ally Bank F/K/A/ Gmac Bank 1100 VIRGINIA DRIVE FT. WASHINGTON, PA 19034 |
* | $ 32,882,574,000 | 4 | $ 501,000 |
| Embrace Home Loans, Inc. 25 ENTERPRISE CENTER MIDDLETOWN, RI 02842 |
* | $ 10,000,000 | 4 | $ 420,000 |
| New Day Financial, Llc. 360 SOUTH ROSEMARY AVENUE SUITE 1900 WEST PALM BEACH, FL 33401 |
* | $ 4,088,336,000 | 4 | $ 464,000 |
| JPMorgan Chase Bank, NA 1111 POLARIS PARKWAY COLUMBUS, OH 43240 |
* | $ 1,746,242,000,000 | 3 | $ 299,000 |
| USAA Federal Savings Bank 10750 MCDERMOTT FREEWAY SAN ANTONIO, TX 78288 |
* | $ 32,584,979,000 | 3 | $ 353,000 |
| Countrywide Bank FSB 30930 RUSSELL RANCH ROAD MS CA6-916-02-0 WESTLAKE VILLAGE, CA 91362 |
* | $ 117,978,966,000 | 3 | $ 585,000 |
| Affinity Plus Federal Credit Union 175 WEST LAFAYETTE FRONTAGE ROAD SAINT PAUL, MN 55107 |
* | $ 1,330,928,000 | 2 | $ 363,000 |
| Sentry Bank 400 4TH AVE NE ST. JOSEPH, MN 56374 |
* | $ 120,496,000 | 2 | $ 180,000 |
| Summit Mortgage Corporation 13355 10TH AVE N, #100 PLYMOUTH, MN 55441 |
* | $ 10,000,000 | 2 | $ 352,000 |
| Gmac Mortgage LLC 1100 VIRGINIA DRIVE FT. WASHINGTON, PA 19034 |
* | $ 31,000,000 | 2 | $ 347,000 |
| Qr Lending Inc 555 ZOR SHRINE PLACE MADISON, WI 53719 |
* | $ 1,093,327,000 | 2 | $ 182,000 |
| Beneficial Company LLC 26525 NORTH RIVERWOODS BLVD. METTAWA, IL 60045 |
* | $ 4,017,643,000 | 2 | $ 155,000 |
| Alerus Financial NA PO BOX 6001 GRAND FORKS, ND 58206 |
* | $ 756,324,000 | 2 | $ 321,000 |
| First National Bank of America 241 EAST SAGINAW EAST LANSING, MI 48823 |
* | $ 409,625,000 | 2 | $ 28,000 |
| Metlife Bank, N.A. 334 MADISON AVENUE CONVENT STATION, NJ 07961 |
* | $ 10,273,647,000 | 2 | $ 461,000 |
| Bank of Texas, NA PO BOX 2300 TULSA, OK 74102 |
* | $ 4,280,804,000 | 1 | $ 326,000 |
| American National Bank of Minnesota 1920 SOUTH SIXTH STREET BRAINERD, MN 56401 |
* | $ 283,986,000 | 1 | $ 41,000 |
| Bremer Bank NA (Fargo) 1444 45TH ST SW FARGO, ND 58103 |
* | $ 1,499,798,000 | 1 | $ 144,000 |
| Associated Bank, N.A. 200 N ADAMS ST GREEN BAY, WI 54301 |
* | $ 23,843,152,000 | 1 | $ 190,000 |
| Citifinancial Services Inc 300 ST PAUL PLACE BALTIMORE, MD 21202 |
* | $ 1,494,037,000,000 | 1 | $ 11,000 |
| American Bank of the North 117 CENTRAL AVENUE NASHWAUK, MN 55769 |
* | $ 631,242,000 | 1 | $ 10,000 |
| Visionbank 3000 25TH STREET SOUTH FARGO, ND 58103 |
* | $ 133,464,000 | 1 | $ 110,000 |
| Riverwood Bank 14091 BAXTER DR #117 BAXTER, MN 56425 |
* | $ 183,832,000 | 1 | $ 216,000 |
| Queen City Federal Savings Ban 501 CHESTNUT STREET VIRGINIA, MN 55792 |
* | $ 187,362,000 | 1 | $ 99,000 |
| PHH Mortgage Corporation WEST PALM BEACH, FL 33409 |
* | $ 31,000,000 | 1 | $ 105,000 |
| Freedom Mortgage Corp. 10500 KINCAID DR. STE. 300 FISHERS, IN 46037 |
* | $ 10,000,000 | 1 | $ 131,000 |
| Choice Financial Group 4501 23RD AVE S FARGO, ND 58104 |
* | $ 544,600,000 | 1 | $ 43,000 |
| First State Bank 423 BROADWAY BUXTON, ND 58218 |
* | $ 126,768,000 | 1 | $ 60,000 |
| Mutual of Omaha Bank 3333 FARNAM STREET OMAHA, NE 68131 |
* | $ 3,571,304,000 | 1 | $ 170,000 |
| Central Minnesota CU 20 S 4TH AVE E MELROSE, MN 56352 |
* | $ 500,998,000 | 1 | $ 46,000 |
| Mayo Employees Federal Credit Union 130 23RD AVE SW ROCHESTER, MN 55902 |
* | $ 350,389,000 | 1 | $ 81,000 |
| Lake State Credit Union PO BOX 330 MOOSE LAKE, MN 55767 |
* | $ 177,532,000 | 1 | $ 24,000 |
The tables below break down 2009 mortgage applications in Lake of the Woods 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 Lake of the Woods County, MN in 2009
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 |
|---|---|---|---|---|---|---|
| Refinancing | 87 | $11,313,000 | $130,000 | $402,000 | $73,000 | $312,000 |
| Home Purchase | 22 | $3,574,000 | $162,000 | $1,800,000 | $55,000 | $129,000 |
| Home Improvement | 6 | $447,000 | $74,000 | $151,000 | $59,000 | $116,000 |
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 | 89 | $10,857,000 | $121,000 | $402,000 | $74,000 | $312,000 |
| Not applicable | 14 | $3,095,000 | $221,000 | $1,800,000 | $37,000 | $116,000 |
| Not Provided | 10 | $1,117,000 | $111,000 | $180,000 | $59,000 | $160,000 |
| Hispanic | 2 | $265,000 | $132,000 | $190,000 | $84,000 | $86,000 |
| 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) | 87 | $11,523,000 | $132,000 | $1,800,000 | $72,000 | $312,000 |
| FHA-insured (Federal Housing Administration) | 22 | $3,043,000 | $138,000 | $276,000 | $57,000 | $160,000 |
| VA-guaranteed (Veterans Administration) | 4 | $649,000 | $162,000 | $377,000 | $65,000 | $157,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $119,000 | $59,000 | $76,000 | $36,000 | $55,000 |
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 | 54 | $7,075,000 | $131,000 | $402,000 | $75,000 | $312,000 |
| Application Denied By Financial Institution | 21 | $4,053,000 | $193,000 | $1,800,000 | $61,000 | $157,000 |
| Application Withdrawn By Applicant | 14 | $1,325,000 | $94,000 | $172,000 | $64,000 | $160,000 |
| Loan Purchased By The Institution | 14 | $1,670,000 | $119,000 | $207,000 | $46,000 | $116,000 |
| File Closed For Incompleteness | 7 | $493,000 | $70,000 | $101,000 | $82,000 | $200,000 |
| Application Approved But Not Accepted | 4 | $615,000 | $153,000 | $260,000 | $102,000 | $170,000 |
| Preapproval Denied by Financial Institution | 1 | $103,000 | $103,000 | $103,000 | $56,000 | $56,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 8 | $1,097,000 | $137,000 | $276,000 | $65,000 | $87,000 |
| Credit History | 3 | $60,000 | $20,000 | $32,000 | $37,000 | $60,000 |
| Other | 2 | $1,878,000 | $939,000 | $1,800,000 | $30,000 | $61,000 |
| Employment History | 1 | $119,000 | $119,000 | $119,000 | $70,000 | $70,000 |
| Credit Application Incomplete | 1 | $377,000 | $377,000 | $377,000 | $157,000 | $157,000 |
| Debt-To-Income Ratio | 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 |
| Unverifiable Information | 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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