Le Sueur County, MN Mortgage Lenders & HMDA Data, 2023

In 2023, lenders reported 888 mortgage applications in Le Sueur County, MN totaling $193.5 million, down 34% from 2022. The average application was for $217,000, and applicants reported an average income of $120,000. 65% of applications resulted in an originated loan and 11% were denied. The most active lender was United Wholesale Mortgage, with 48 applications, followed by US Bank, N.A. and Frandsen Bank & Trust.

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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 888
Total Mortgage Loan Application Amount $193,520,000
Average Mortgage Loan Application Amount $217,000
Highest Mortgage Loan Application Amount $2,165,000
Average Applicant Income $120,000
Highest Applicant Income $1,221,000

Mortgage Company List for Lending in Le Sueur County, MN for 2023

* 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
United Wholesale Mortgage
40600 ANN ARBOR RD E STE 201
PLYMOUTH, MI 48170
* $ -1,000 48 $ 11,990,000
US Bank, N.A.
425 WALNUT STREET
CINCINNATI, OH 45202
* $ 585,135,605,000 45 $ 7,975,000
Frandsen Bank & Trust
116 CENTRAL STREET WEST
LONSDALE, MN 55046
* $ 3,163,444,000 39 $ 7,185,000
Affinity Plus Federal Credit Union
175 WEST LAFAYETTE FRONTAGE ROAD
SAINT PAUL, MN 55107
* $ 4,078,225,000 37 $ 2,915,000
PennyMac Loan Services LLC
3043 TOWNSGATE ROAD
WESTLAKE VILLAGE, CA 91361
* $ -1,000 31 $ 8,345,000
First Bank & Trust
520 6TH STREET
BROOKINGS, SD 57006
* $ 4,377,534,000 24 $ 4,760,000
First State Bank of Le Center
88 NORTH PARK AVE
LE CENTER, MN 56057
* $ 108,020,000 24 $ 1,880,000
Crosscountry Mortgage, LLC
2160 SUPERIOR AVENUE
CLEVELAND, OH 44114
* $ -1,000 23 $ 6,695,000
Bell Bank
3100 13TH AVE S
FARGO, ND 58103
* $ 12,493,973,000 21 $ 5,155,000
Wells Fargo Bank NA

MINNEAPOLIS, MN 55415
* $ 1,717,531,000,000 19 $ 5,955,000
Discover Bank
12 READS WAY
GREENWOOD, DE 19950
* $ 129,461,046,000 19 $ 1,325,000
Heartland Credit Union
5500 S ROBERT TRAIL
INVER GROVE HEIGHTS, MN 55077
* $ 175,100,000 18 $ 1,340,000
Trustone Financial Credit Union
14601 27TH AVENUE NORTH
PLYMOUTH, MN 55447
* $ 4,614,668,000 18 $ 2,500,000
First National Bank of Le Center
10 W. MINNESOTA ST
LE CENTER, MN 56057
* $ 141,757,000 17 $ 3,725,000
Guaranteed Rate, Inc.
3940 NORTH RAVENSWOOD AVE
CHICAGO, IL 60613
* $ -1,000 17 $ 3,805,000
Hometown Bank
1600 MONROE DRIVE
CARVER, MN 55315
* $ 539,421,000 17 $ 3,455,000
Cornerstone State Bank
401 4TH ST N W
MONTGOMERY, MN 56069
* $ 227,336,000 17 $ 2,385,000
Fairway Independent Mort Corp
4801 S. BILTMORE LANE
MADISON, WI 53718
* $ -1,000 16 $ 4,750,000
Huntington National Bank
7 EASTON OVAL EA5C242
COLUMBUS, OH 43219
* $ 182,325,674,000 15 $ 1,495,000
Wings Financial Credit Union
14985 GLAZIER AVENUE
APPLE VALLEY, MN 55124
* $ 8,422,113,000 15 $ 3,665,000
loanDepot.com LLC
6561 IRVINE CENTER DRIVE
IRVINE, CA 92618
* $ -1,000 14 $ 6,260,000
Minnwest Bank
300 S WASHINGTON
REDWOOD FALLS, MN 56283
* $ 2,847,684,000 14 $ 4,560,000
New American Funding, Llc.
14511 MYFORD ROAD, SUITE 100
TUSTIN, CA 92780
* $ -1,000 14 $ 3,530,000
Newrez LLC

FORT WASHINGTON, PA 19034
* $ -1,000 12 $ 2,920,000
Minnesota Valley Federal Credit Union
1640 ADAMS ST
MANKATO, MN 56001
* $ 281,176,000 10 $ 2,420,000
Old National Bank
ONE MAIN STREET
EVANSVILLE, IN 47708
* $ 46,490,438,000 9 $ 1,215,000
Flagstar Bank NA

TROY, MI 49098
* $ 90,036,656,000 9 $ 1,965,000
Figure Lending LLC

SAN FRANCISCO, CA 94108
* $ -1,000 9 $ 405,000
Planet Home Lending, LLC
321 RESEARCH PARKWAY SUITE 303
MERIDEN, CT 06450
* $ -1,000 9 $ 2,995,000
Prosperity Home Mortgage, LLC
14501 GEORGE CARTER WAY SUITE 300
CHANTILLY, VA 20151
* $ -1,000 8 $ 1,860,000
Amerisave Mortgage Company
1200 ALTMORE AVENUE BUILDING 2 SUITE 300
SANDY SPRINGS, GA 30342
* $ -1,000 7 $ 1,395,000
Compeer Financial
2600 JENNY WREN TRAIL
SUN PRAIRIE, WI 53590
* $ -1,000 7 $ 1,005,000
Mortgage Research Center
1400 VETERANS UNITED DR.
COLUMBIA, MO 65203
* $ -1,000 7 $ 2,375,000
Lakeview Loan Servicing, LLC
4425 PONCE DE LEON BLVD.
CORAL GABLES, FL 33146
* $ -1,000 7 $ 1,495,000
Primelending
18111 PRESTON ROAD SUITE 900
DALLAS, TX 75252
* $ -1,000 7 $ 2,005,000
Coastal Community Bank
PO BOX 12220
EVERETT, WA 98203
* $ 3,141,703,000 6 $ 290,000
Cardinal Financial Company, Li
3530 TORINGDON WAY STE 200
CHARLOTTE, NC 28277
* $ -1,000 6 $ 800,000
The State Bank of Faribault
428 CENTRAL AVE N
FARIBAULT, MN 55021
* $ 285,774,000 6 $ 1,630,000
Bremer Bank NA
372 SAINT PETER STREET
SAINT PAUL, MN 55102
* $ 15,939,263,000 6 $ 1,260,000
Nationstar Mortgage
8950 CYPRESS WATERS BLVD.
COPPELL, TX 75019
* $ -1,000 6 $ 1,280,000
Bank of America NA
31303 AGOURA RD CA6-917-01-20
WESTLAKE VILLAGE, CA 91361
* $ 2,418,508,000,000 6 $ 710,000
Merchants Bank, National Association
102 EAST THIRD STREET
WINONA, MN 55987
* $ 2,576,574,000 5 $ 2,035,000
Navy Federal Credit Union
820 FOLLIN LANE
VIENNA, VA 22180
* $ 156,645,099,000 5 $ 1,035,000
CMG Mortgage Inc
3160 CROW CANYON ROAD, SUITE 400
SAN RAMON, IL 94583
* $ -1,000 5 $ 955,000
Citizens Community Federal N.A.
219 FAIRFAX STREET
ALTOONA, WI 54720
* $ 1,815,328,000 5 $ 2,185,000
Mutual of Omaha Mortgage

LOMBARD, IL 60148
* $ -1,000 5 $ 1,035,000
First National Bank Minnesota
500 LONG STREET
SAINT PETER, MN 56082
* $ 442,713,000 4 $ 740,000
Community Bank Mankato
300 ST ANDREWS DR
VERNON CENTER, MN 56090
* $ 465,002,000 4 $ 260,000
American Pacific Mortgage Corporation
3000 LAVA RIDGE COURT, SUITE 200
ROSEVILLE, CA 95661
* $ -1,000 4 $ 990,000
Crescent Mortgage Company

MORGANTOWN, WV 26505
* $ -1,000 4 $ 800,000
Plains Commerce Bank
220 MAIN ST
HOVEN, SD 57450
* $ 1,054,618,000 4 $ 990,000
Teachers Federal Credit Union
102 MOTOR PARKWAY
HAUPPAUGE, NY 11788
* $ 9,280,218,000 4 $ 120,000
Citizens Bank, NA
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903
* $ 226,401,591,000 4 $ 450,000
Amerihome Mortgage Company, LLC
1 BAXTER WAY SUITE 300
THOUSAND OAKS, CA 91362
* $ -1,000 4 $ 1,120,000
Hiway Credit Union
111 EMPIRE DRIVE
SAINT PAUL, MN 55103
* $ 1,740,477,000 4 $ 550,000
Plaza Home Mortgage, Inc
4820 EASTGATE MALL, STE 100
SAN DIEGO, CA 92121
* $ -1,000 3 $ 975,000
PNC Bank N.A.
249 FIFTH AVE. MS P1-POPP-22-2
PITTSBURGH, PA 15222
* $ 552,307,127,000 3 $ 595,000
Midfirst Bank
501 NW GRAND BLVD
OKLAHOMA CITY, OK 73118
* $ 34,681,050,000 3 $ 405,000
Summit Mortgage Corporation
13355 10TH AVE N, SUITE 100
PLYMOUTH, MN 55442
* $ -1,000 3 $ 585,000
Freedom Mortgage Corporation
951 YAMATO ROAD SUITE 175
BOCA RATON, FL 33431
* $ -1,000 3 $ 595,000
Milend, Inc
375 NORTHRIDGE RD, SUITE 600
ALPHARETTA, GA 30009
* $ -1,000 3 $ 475,000
Royal Credit Union
200 RIVERFRONT TERRACE
EAU CLAIRE, WI 54702
* $ 4,552,579,000 3 $ 445,000
Minnstar Bank National Association
P.O. BOX 270
LAKE CRYSTAL, MN 56055
* $ 197,433,000 3 $ 1,215,000
American Portfolio Mortgage Corporation
800 EAST NORTHWEST HIGHWAY
PALATINE, IL 60067
* $ -1,000 3 $ 1,495,000
Citizens Bank Minnesota
105 NORTH MINNESOTA STREET
NEW ULM, MN 56073
* $ 581,176,000 3 $ 725,000
Equity Prime Mortgage LLC
5 CONCOURSE PKWY, STE 2250
ATLANTA, GA 30328
* $ -1,000 2 $ 380,000
Profinium, Inc.
105 LAKE AVE. PO BOX 848
FAIRMONT, MN 56031
* $ 514,883,000 2 $ 840,000
First Farmers & Merchants Bank
123 SOUTH FOURTH STREET
CANNON FALLS, MN 55009
* $ 462,251,000 2 $ 140,000
Pioneer Bank
320 STADIUM ROAD SUITE 100
MANKATO, MN 56001
* $ 824,512,000 2 $ 910,000
M&T Bank
701 SENECA STREET - SUITE 330N
BUFFALO, NY 14203
* $ 200,262,969,000 2 $ 310,000
Filo Mortgage, LLC
555 E NORTH LN #6125
WEST CONSHOHOCKEN, PA 19428
* $ -1,000 2 $ 510,000
Southpoint Financial Credit Union
924 MAIN STREET E
SLEEPY EYE, MN 56085
* $ 533,091,000 2 $ 380,000
Iowa Bankers Mortgage Corporation
8800 NW 62ND AVE
JOHNSTON, IA 50131
* $ -1,000 2 $ 1,290,000
American Neighborhood Mortgage Acceptance Company
700 EAST GATE DRIVE, SUITE 400
MT. LAUREL, NJ 08054
* $ -1,000 2 $ 530,000
Cambria Financial Group
11000 W 78TH STREET, SUITE 300
EDEN PRAIRIE, MN 55344
* $ -1,000 2 $ 770,000
Associated Bank NA
200 NORTH ADAMS STREET
GREEN BAY, WI 54301
* $ 39,358,786,000 2 $ 680,000
Think Mutual Bank
5200 MEMBERS PARKWAY NW
ROCHESTER, MN 55901
* $ 2,170,641,000 2 $ 620,000
Alerus Financial NA
PO BOX 6001
GRAND FORKS, ND 58206
* $ 3,778,066,000 2 $ 360,000
Bankvista
125 TWIN RIVERS CT
SARTELL, MN 56377
* $ 465,755,000 2 $ 950,000
First National Bank
125 WEST SIOUX AVE
PIERRE, SD 57501
* $ 1,670,754,000 2 $ 790,000
Luminate Home Loans, Inc.
2523 WAYZATA BLVD SUITE 200
MINNEAPOLIS, MN 55405
* $ -1,000 2 $ 590,000
Bay Equity LLC

DETROIT, MI 48226
* $ -1,000 2 $ 830,000
BMO Harris Bank NA
111 W. MONROE
CHICAGO, IL 60606
* $ 176,980,258,000 2 $ 660,000
Northpointe Bank
3333 DEPOSIT DRIVE NE
GRAND RAPIDS, MI 49546
* $ 4,401,730,000 2 $ 560,000
Highland Bank
2100 FORD PKWY
SAINT PAUL, MN 55116
* $ 663,555,000 2 $ 180,000
Zillow Home Loans, LLC
2600 MICHELSON DRIVE
IRVINE, CA 92612
* $ -1,000 2 $ 540,000
Carrington Mortgage Services LLC
500 NORTH STATE COLLEGE BOULEVARD SUITES 1030, 1300 AND 1400
ORANGE, CA 92868
* $ -1,000 2 $ 380,000
Veridian Credit Union
1827 ANSBOROUGH AVE
WATERLOO, IA 50701
* $ 6,896,511,000 1 $ 45,000
Byline Bank
180 N LASALLE STREET, SUITE 300
CHICAGO, IL 60601
* $ 7,347,241,000 1 $ 2,165,000
Ally Bank

CHARLOTTE, NC 28202
* $ 181,890,000,000 1 $ 165,000
Michigan Mutual, Inc
911 MILITARY STREET
PORT HURON, MI 48060
* $ -1,000 1 $ 245,000
Signature Federal Credit Union
12 HERBERT ST.
ALEXANDRIA, VA 22305
* $ 397,701,000 1 $ 395,000
Lower, LLC
5950 SYMPHONY WOODS DRIVE
COLUMBIA, MD 21044
* $ -1,000 1 $ 405,000
Compass Mortgage, Inc.
27755 DIEHL ROAD, STE 100
WARRENVILLE, IL 60555
* $ -1,000 1 $ 215,000
Altra Federal Credit Union
1700 OAK FOREST DRIVE
ONALASKA, WI 54650
* $ 2,555,530,000 1 $ 445,000
Morgan Stanley Private Bank NA
2000 WESTCHESTER AVE
PURCHASE, NY 10577
* $ 209,664,000,000 1 $ 205,000
Nexbank
2515 MCKINNEY AVENUE, SUITE 1100
DALLAS, TX 75201
* $ 14,304,653,000 1 $ 325,000
JPMorgan Chase Bank, NA
1111 POLARIS PARKWAY
COLUMBUS, OH 43240
* $ 3,201,942,000,000 1 $ 315,000
Pentagon Federal Credit Union

OMAHA, NE 68164
* $ 35,526,360,000 1 $ 55,000
Tradition Mortgage, LLC
16995 BRANDTJEN FARM DRIVE SUTE 300
LAKEVILLE, MN 55044
* $ -1,000 1 $ 315,000
Deerwood Bank
21236 ARCHIBALD ROAD
WAITE PARK, MN 56387
* $ 1,037,836,000 1 $ 75,000
Homebridge Financial Services, Inc
194 WOOD AVE S, 9TH FLOOR
ISELIN, NJ 08830
* $ -1,000 1 $ 255,000
Empeople Credit Union
3950 38TH AVENUE
MOLINE, IL 61265
* $ 1,991,835,000 1 $ 255,000
Peoples State Bank of Plainview
100 4TH AVE SE
PLAINVIEW, MN 55964
* $ 350,059,000 1 $ 45,000
Blaze Credit Union
2025 LARPENTEUR AVE W
FALCON HEIGHTS, MN 55113
* $ 2,119,023,000 1 $ 725,000
Gold Star Mortgage Financial Group, Corporation
2350 GREEN ROAD SUITE 100B
ANN ARBOR, MI 48105
* $ -1,000 1 $ 365,000
NBKC Bank
8320 WARD PARKWAY
KANSAS CITY, MO 64114
* $ 1,052,701,000 1 $ 75,000
Allied Mortgage Group, Inc
225 E. CITY AVENUE, SUITE 102
BALA CYNWYD, PA 19004
* $ -1,000 1 $ 275,000
Kind Lending, LLC
1920 MAIN STREET SUITE 1100 & 1200
IRVINE, CA 92614
* $ -1,000 1 $ 245,000
Mayo Employees Federal Credit Union
130 23RD AVE SW
ROCHESTER, MN 55902
* $ 1,399,277,000 1 $ 15,000
Envoy Mortgage, Ltd
10496 KATY FWY STE 250
HOUSTON, TX 77024
* $ -1,000 1 $ 165,000
Leaderone Financial Corp.
7500 COLLEGE BLVD SUITE 1150
OVERLAND PARK, KS 66210
* $ -1,000 1 $ 425,000
Marine Credit Union
811 MONITOR STREET
LA CROSSE, WI 54601
* $ 1,034,078,000 1 $ 245,000
Liberty Bank Minnesota
111 7TH AVE S
ST CLOUD, MN 56301
* $ 290,367,000 1 $ 345,000
Sage Home Loans Corporation
1423 RED VENTURES DRIVE SUITE 201
FORT MILL, SC 29707
* $ -1,000 1 $ 205,000
Manufacturers Bank & Trust Co
245 EAST J ST, PO BOX 450
FOREST CITY, IA 50436
* $ 762,741,000 1 $ 265,000
Academy Bank, N.A.
8551 NORTH BOARDWALK AVE
KANSAS CITY, MO 64106
* $ 2,441,289,000 1 $ 575,000
First National Bank
141 E MAIN ST
OLDHAM, MN 57051
* $ -1,000 1 $ 425,000
V.I.P. Mortgage, Inc.
9221 E VIA DE VENTURA
SCOTTSDALE, AZ 85258
* $ -1,000 1 $ 255,000
Provident Funding Associates
1235 NORTH DUTTON AVE STE E
SANTA ROSA, CA 95401
* $ -1,000 1 $ 55,000
Lakeview Bank
9725 163RD ST W
LAKEVILLE, MN 55044
* $ 146,357,000 1 $ 155,000
Topline Financial Credit Union
9353 JEFFERSON HWY
MAPLE GROVE, MN 55369
* $ 737,394,000 1 $ 25,000
Click N' Close, Inc.
15301 SPECTRUM DRIVE, SUITE 405
ADDISON, TX 75001
* $ -1,000 1 $ 275,000
Premia Mortgage, LLC

CHICAGO, IL 60613
* $ -1,000 1 $ 605,000
Guaranteed Rate Affinity, LLC
1800 WEST LARCHMONT AVE
CHICAGO, IL 60613
* $ -1,000 1 $ 365,000
Coulee Bank
1516 LOSEY BLVD. S.
LA CROSSE, WI 54601
* $ 542,602,000 1 $ 105,000
Security Bank & Trust Company
735 11TH ST E
GLENCOE, MN 55336
* $ 712,980,000 1 $ 225,000
Premier Bank
2866 WHITE BEAR AVE
MAPLEWOOD, MN 55109
* $ 1,037,682,000 1 $ 285,000
PHH Mortgage Corporation

WEST PALM BEACH, FL 33409
* $ -1,000 1 $ 265,000
The Loan Store, Inc

TUCSON, AZ 85718
* $ -1,000 1 $ 265,000
USAA Federal Savings Bank
10750 MCDERMOTT FREEWAY
SAN ANTONIO, TX 78288
* $ 110,900,000,000 1 $ 395,000
Waterstone Mortgage Corporation
17950 W CORPORATE DR STE 100
BROOKFIELD, WI 53045
* $ -1,000 1 $ 225,000
American Federal Bank
215 N 5TH ST
FARGO, ND 58102
* $ 711,527,000 1 $ 145,000
Everett Financial, Inc.
14801 QUORUM DRIVE, SUITE 300
DALLAS, TX 75254
* $ -1,000 1 $ 375,000
Network Capital Funding Corporation
7700 IRVINE CENTER DRIVE #300
IRVINE, CA 92618
* $ -1,000 1 $ 105,000
South Metro Federal Credit Uni
2573 CREDIT UNION DRIVE
PRIOR LAKE, MN 55372
* $ 176,559,000 1 $ 85,000
Mortgages Unlimited Inc.
7365 KIRKWOOD COURT NORTH SUITE 300
MAPLE GROVE, MN 55113
* $ -1,000 1 $ 505,000
Capital Credit Union
PO BOX 2096
BISMARCK, ND 58502
* $ 724,151,000 1 $ 505,000
SWBC Mortgage Corporation
9311 SAN PEDRO AVENUE STE 100
SAN ANTONIO, TX 78216
* $ -1,000 1 $ 535,000
Sofi Bank, National Association

FRISCO, TX 75034
* $ 9,123,708,000 1 $ 315,000
Royal United Mortgage LLC
7999 KNUE RD. STE 300
INDIANAPOLIS, IN 46256
* $ -1,000 1 $ 315,000
Servion
500 MAIN STREET
NEW BRIGHTON, MN 55112
* $ -1,000 1 $ 555,000
Real Genius LLC
1625 S CONGRESS AVE STE 190
DELRAY BEACH, FL 33445
* $ -1,000 1 $ 215,000
Castle Rock Bank
27925 DANVILLE AVENUE , PO BOX 518
CASTLE ROCK, MN 55010
* $ 280,367,000 1 $ 175,000
Community Resource Bank
1605 HERITAGE DRIVE
NORTHFIELD, MN 55057
* $ 375,385,000 1 $ 285,000
Sun West Mortgage Company, Inc
18000 STUDEBAKER ROAD, SUITE 200
CERRITOS, CA 90703
* $ -1,000 1 $ 395,000
Thrivent Federal Credit Union

SHAKOPEE, MN 55379
* $ 875,403,000 1 $ 425,000
Sharepoint Credit Union
5300 HYLAND GREENS DR
BLOOMINGTON, MN 55437
* $ 302,328,000 1 $ 85,000
Agriculture Federal Credit Union
1400 INDEPENDENCE AVE SW
WASHINGTON, DC 20250
* $ 365,721,000 1 $ 145,000

The tables below break down 2023 mortgage applications in Le Sueur 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 Le Sueur County, MN in 2023

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 473 $138,375,000 $292,000 $2,165,000 $126,000 $1,221,000
Other Purpose 127 $9,975,000 $78,000 $725,000 $106,000 $1,038,000
Cash-out Refinancing 109 $20,495,000 $188,000 $555,000 $100,000 $388,000
Home Improvement 98 $6,380,000 $65,000 $255,000 $123,000 $419,000
Refinancing 79 $18,055,000 $228,000 $765,000 $134,000 $738,000
Not Applicable 2 $240,000 $120,000 $165,000 $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 698 $148,790,000 $213,000 $1,345,000 $121,000 $1,221,000
Not Provided 81 $18,525,000 $228,000 $1,445,000 $107,000 $501,000
Not applicable 67 $18,805,000 $280,000 $2,165,000 $0 $0
Hispanic 28 $5,340,000 $190,000 $605,000 $124,000 $374,000
American Indian or Alaskan Native 8 $1,140,000 $142,000 $265,000 $77,000 $134,000
Asian 5 $895,000 $179,000 $305,000 $133,000 $185,000
Black or African American 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 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) 707 $146,725,000 $207,000 $2,165,000 $126,000 $1,221,000
FHA-insured (Federal Housing Administration) 129 $30,515,000 $236,000 $505,000 $86,000 $209,000
VA-guaranteed (Veterans Administration) 45 $14,855,000 $330,000 $555,000 $119,000 $359,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 7 $1,425,000 $203,000 $285,000 $85,000 $105,000

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 579 $129,105,000 $222,000 $2,165,000 $126,000 $1,221,000
Application Denied By Financial Institution 97 $15,105,000 $155,000 $1,445,000 $88,000 $491,000
Application Withdrawn By Applicant 96 $23,720,000 $247,000 $1,345,000 $114,000 $436,000
Loan Purchased By The Institution 72 $19,330,000 $268,000 $675,000 $86,000 $188,000
File Closed For Incompleteness 29 $3,875,000 $133,000 $405,000 $131,000 $1,038,000
Application Approved But Not Accepted 14 $2,170,000 $155,000 $535,000 $145,000 $388,000
Preapproval Denied by Financial Institution 1 $215,000 $215,000 $215,000 $60,000 $60,000
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 712 $164,040,000 $230,000 $1,345,000 $123,000 $1,221,000
Debt-To-Income Ratio 111 $19,775,000 $178,000 $2,165,000 $110,000 $624,000
Credit History 29 $2,465,000 $85,000 $275,000 $83,000 $183,000
Collateral 19 $2,705,000 $142,000 $405,000 $97,000 $218,000
Credit Application Incomplete 8 $2,250,000 $281,000 $725,000 $132,000 $360,000
Other 6 $610,000 $101,000 $245,000 $74,000 $130,000
Unverifiable Information 1 $35,000 $35,000 $35,000 $70,000 $70,000
Employment History 1 $195,000 $195,000 $195,000 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 1 $1,445,000 $1,445,000 $1,445,000 $491,000 $491,000
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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