Le Sueur County, MN Mortgage Lenders & HMDA Data, 2024

In 2024, lenders reported 1,014 mortgage applications in Le Sueur County, MN totaling $209.7 million, up 14% from 2023. The average application was for $206,000, and applicants reported an average income of $122,000. 63% of applications resulted in an originated loan and 12% were denied. The most active lender was US Bank, N.A., with 60 applications, followed by United Wholesale Mortgage 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 1,014
Total Mortgage Loan Application Amount $209,660,000
Average Mortgage Loan Application Amount $206,000
Highest Mortgage Loan Application Amount $1,625,000
Average Applicant Income $122,000
Highest Applicant Income $1,784,000

Mortgage Company List for Lending in Le Sueur County, MN for 2024

* 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
US Bank, N.A.
425 WALNUT STREET
CINCINNATI, OH 45202
* $ n/a 60 $ 11,030,000
United Wholesale Mortgage
40600 ANN ARBOR RD E STE 201
PLYMOUTH, MI 48170
* $ n/a 55 $ 16,655,000
Frandsen Bank & Trust
116 CENTRAL STREET WEST
LONSDALE, MN 55046
* $ n/a 44 $ 7,100,000
Affinity Plus Federal Credit Union
175 WEST LAFAYETTE FRONTAGE ROAD
SAINT PAUL, MN 55107
* $ n/a 36 $ 3,280,000
First Bank & Trust
520 6TH STREET
BROOKINGS, SD 57006
* $ n/a 36 $ 6,230,000
First National Bank of Le Center
10 W. MINNESOTA ST
LE CENTER, MN 56057
* $ n/a 31 $ 6,455,000
PennyMac Loan Services LLC
3043 TOWNSGATE ROAD
WESTLAKE VILLAGE, CA 91361
* $ n/a 30 $ 7,620,000
Discover Bank
12 READS WAY
GREENWOOD, DE 19950
* $ n/a 28 $ 2,350,000
Minnwest Bank
300 S WASHINGTON
REDWOOD FALLS, MN 56283
* $ n/a 23 $ 4,155,000
Cornerstone State Bank
401 4TH ST N W
MONTGOMERY, MN 56069
* $ n/a 21 $ 3,445,000
Guaranteed Rate, Inc.
3940 NORTH RAVENSWOOD AVE
CHICAGO, IL 60613
* $ n/a 20 $ 3,950,000
Heartland Credit Union
5500 S ROBERT TRAIL
INVER GROVE HEIGHTS, MN 55077
* $ n/a 20 $ 1,350,000
loanDepot.com LLC
6561 IRVINE CENTER DRIVE
IRVINE, CA 92618
* $ n/a 19 $ 3,195,000
Bell Bank
3100 13TH AVE S
FARGO, ND 58103
* $ n/a 18 $ 3,810,000
Newrez LLC

FORT WASHINGTON, PA 19034
* $ n/a 18 $ 4,100,000
Fairway Independent Mort Corp
4801 S. BILTMORE LANE
MADISON, WI 53718
* $ n/a 17 $ 3,245,000
New American Funding, Llc.
14511 MYFORD ROAD, SUITE 100
TUSTIN, CA 92780
* $ n/a 16 $ 3,770,000
First State Bank of Le Center
88 NORTH PARK AVE
LE CENTER, MN 56057
* $ n/a 16 $ 1,310,000
Wells Fargo Bank NA

MINNEAPOLIS, MN 55415
* $ n/a 15 $ 3,295,000
Crosscountry Mortgage, LLC
2160 SUPERIOR AVENUE
CLEVELAND, OH 44114
* $ n/a 15 $ 4,115,000
Coastal Community Bank
PO BOX 12220
EVERETT, WA 98203
* $ n/a 14 $ 700,000
Trustone Financial Credit Union
14601 27TH AVENUE NORTH
PLYMOUTH, MN 55447
* $ n/a 14 $ 2,030,000
Minnesota Valley Federal Credit Union
1640 ADAMS ST
MANKATO, MN 56001
* $ n/a 14 $ 3,270,000
Mortgage Research Center
1400 VETERANS UNITED DR.
COLUMBIA, MO 65203
* $ n/a 14 $ 4,100,000
Compeer Financial
2600 JENNY WREN TRAIL
SUN PRAIRIE, WI 53590
* $ n/a 13 $ 2,295,000
Hometown Bank
1600 MONROE DRIVE
CARVER, MN 55315
* $ n/a 12 $ 2,340,000
Huntington National Bank
7 EASTON OVAL EA5C242
COLUMBUS, OH 43219
* $ n/a 11 $ 1,765,000
Amerihome Mortgage Company, LLC
1 BAXTER WAY SUITE 300
THOUSAND OAKS, CA 91362
* $ n/a 11 $ 2,905,000
Plains Commerce Bank
220 MAIN ST
HOVEN, SD 57450
* $ n/a 10 $ 1,920,000
Freedom Mortgage Corporation
951 YAMATO ROAD SUITE 175
BOCA RATON, FL 33431
* $ n/a 9 $ 3,155,000
Wings Financial Credit Union
14985 GLAZIER AVENUE
APPLE VALLEY, MN 55124
* $ n/a 9 $ 1,395,000
Nationstar Mortgage
8950 CYPRESS WATERS BLVD.
COPPELL, TX 75019
* $ n/a 9 $ 1,775,000
Flagstar Bank NA

TROY, MI 49098
* $ n/a 9 $ 1,475,000
Granite Bank
202 2ND AVENUE SOUTH, P.O. BOX 416
COLD SPRING, MN 56320
* $ n/a 9 $ 1,175,000
PHH Mortgage Corporation

WEST PALM BEACH, FL 33409
* $ n/a 8 $ 2,310,000
Community Bank Mankato
300 ST ANDREWS DR
VERNON CENTER, MN 56090
* $ n/a 8 $ 2,350,000
Carrington Mortgage Services LLC
500 NORTH STATE COLLEGE BOULEVARD SUITES 1030, 1300 AND 1400
ORANGE, CA 92868
* $ n/a 7 $ 725,000
First National Bank Minnesota
500 LONG STREET
SAINT PETER, MN 56082
* $ n/a 7 $ 3,105,000
Blaze Credit Union
2025 LARPENTEUR AVE W
FALCON HEIGHTS, MN 55113
* $ n/a 7 $ 835,000
Royal Credit Union
200 RIVERFRONT TERRACE
EAU CLAIRE, WI 54702
* $ n/a 7 $ 1,975,000
Cardinal Financial Company, Li
3530 TORINGDON WAY STE 200
CHARLOTTE, NC 28277
* $ n/a 6 $ 1,220,000
Mason-Mcduffie Mortgage Corporation
2010 CROW CANYON PLACE, #400
SAN RAMON, CA 94583
* $ n/a 6 $ 1,700,000
Amerisave Mortgage Company
1200 ALTMORE AVENUE BUILDING 2 SUITE 300
SANDY SPRINGS, GA 30342
* $ n/a 6 $ 1,270,000
Planet Home Lending, LLC
321 RESEARCH PARKWAY SUITE 303
MERIDEN, CT 06450
* $ n/a 6 $ 1,190,000
Spring Eq, LLC
1 WEST ELM STREET SUITE 450
CONSHOHOCKEN, PA 19428
* $ n/a 6 $ 340,000
Alerus Financial NA
PO BOX 6001
GRAND FORKS, ND 58206
* $ n/a 5 $ 1,995,000
Old National Bank
ONE MAIN STREET
EVANSVILLE, IN 47708
* $ n/a 5 $ 1,965,000
New Day Financial, Llc.
360 SOUTH ROSEMARY AVENUE SUITE 1900
WEST PALM BEACH, FL 33401
* $ n/a 5 $ 1,085,000
Lakeview Loan Servicing, LLC
4425 PONCE DE LEON BLVD.
CORAL GABLES, FL 33146
* $ n/a 5 $ 975,000
Merchants Bank, National Association
102 EAST THIRD STREET
WINONA, MN 55987
* $ n/a 4 $ 1,110,000
Luminate Home Loans, Inc.
2523 WAYZATA BLVD SUITE 200
MINNEAPOLIS, MN 55405
* $ n/a 4 $ 1,380,000
Paramount Residential Mortgage
1265 CORONA POINTE CT SUITE 301
CORONA, CA 92879
* $ n/a 4 $ 1,150,000
Plaza Home Mortgage, Inc
4820 EASTGATE MALL, STE 100
SAN DIEGO, CA 92121
* $ n/a 4 $ 910,000
Cambria Financial Group
11000 W 78TH STREET, SUITE 300
EDEN PRAIRIE, MN 55344
* $ n/a 4 $ 810,000
First Farmers & Merchants Bank
123 SOUTH FOURTH STREET
CANNON FALLS, MN 55009
* $ n/a 4 $ 230,000
Minnstar Bank National Association
P.O. BOX 270
LAKE CRYSTAL, MN 56055
* $ n/a 4 $ 980,000
Bremer Bank NA
372 SAINT PETER STREET
SAINT PAUL, MN 55102
* $ n/a 4 $ 1,000,000
Figure Lending LLC

SAN FRANCISCO, CA 94108
* $ n/a 4 $ 290,000
The State Bank of Faribault
428 CENTRAL AVE N
FARIBAULT, MN 55021
* $ n/a 4 $ 940,000
Movement Mortgage, LLC
8024 CALVIN HALL ROAD
INDIAN LAND, SC 29707
* $ n/a 4 $ 610,000
Southpoint Financial Credit Union
924 MAIN STREET E
SLEEPY EYE, MN 56085
* $ n/a 4 $ 630,000
Prosperity Home Mortgage, LLC
14501 GEORGE CARTER WAY SUITE 300
CHANTILLY, VA 20151
* $ n/a 4 $ 1,070,000
Pioneer Bank
320 STADIUM ROAD SUITE 100
MANKATO, MN 56001
* $ n/a 4 $ 1,780,000
Citizens Bank, NA
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903
* $ n/a 3 $ 1,135,000
Citibank, NA

NEW YORK, NY 10012
* $ n/a 3 $ 1,335,000
CMG Mortgage Inc
3160 CROW CANYON ROAD, SUITE 400
SAN RAMON, IL 94583
* $ n/a 3 $ 1,035,000
Summit Mortgage Corporation
13355 10TH AVE N, SUITE 100
PLYMOUTH, MN 55442
* $ n/a 3 $ 775,000
Provident Funding Associates
1235 NORTH DUTTON AVE STE E
SANTA ROSA, CA 95401
* $ n/a 3 $ 825,000
Iowa Bankers Mortgage Corporation
8800 NW 62ND AVE
JOHNSTON, IA 50131
* $ n/a 3 $ 1,245,000
First National Bank
125 WEST SIOUX AVE
PIERRE, SD 57501
* $ n/a 3 $ 1,165,000
Associated Bank NA
200 NORTH ADAMS STREET
GREEN BAY, WI 54301
* $ n/a 3 $ 695,000
Village Capital & Investment
2460 PASEO VERDE PKWY SUITE 100
HENDERSON, NV 89074
* $ n/a 3 $ 495,000
Everett Financial, Inc.
14801 QUORUM DRIVE, SUITE 300
DALLAS, TX 75254
* $ n/a 3 $ 445,000
Bankvista
125 TWIN RIVERS CT
SARTELL, MN 56377
* $ n/a 3 $ 2,635,000
Navy Federal Credit Union
820 FOLLIN LANE
VIENNA, VA 22180
* $ n/a 3 $ 395,000
The Federal Savings Bank
300 N ELIZABETH STREET, STE 3E
CHICAGO, IL 60639
* $ n/a 3 $ 915,000
Primelending
18111 PRESTON ROAD SUITE 900
DALLAS, TX 75252
* $ n/a 3 $ 645,000
Resicentral LLC
700 LARKSPUR LANDING CIRCLE SUITE 199-18
LARKSPUR, CA 94939
* $ n/a 3 $ 815,000
Equity Prime Mortgage LLC
5 CONCOURSE PKWY, STE 2250
ATLANTA, GA 30328
* $ n/a 3 $ 805,000
Mayo Employees Federal Credit Union
130 23RD AVE SW
ROCHESTER, MN 55902
* $ n/a 2 $ 230,000
USAA Federal Savings Bank
10750 MCDERMOTT FREEWAY
SAN ANTONIO, TX 78288
* $ n/a 2 $ 900,000
Midfirst Bank
501 NW GRAND BLVD
OKLAHOMA CITY, OK 73118
* $ n/a 2 $ 110,000
Truist Bank
3100 SMOKETREE CT FL 5
RALEIGH, NC 27604
* $ n/a 2 $ 510,000
Bank of America NA
31303 AGOURA RD CA6-917-01-20
WESTLAKE VILLAGE, CA 91361
* $ n/a 2 $ 70,000
New Market Bank
101 OLD TOWN RD
ELKO NEW MARKET, MN 55054
* $ n/a 2 $ 370,000
The Loan Store, Inc

TUCSON, AZ 85718
* $ n/a 2 $ 340,000
Think Mutual Bank
5200 MEMBERS PARKWAY NW
ROCHESTER, MN 55901
* $ n/a 2 $ 900,000
Building Trades Federal Credit Union
12080 73RD AVENUE NORTH
OSSEO, MN 55369
* $ n/a 2 $ 150,000
Topline Financial Credit Union
9353 JEFFERSON HWY
MAPLE GROVE, MN 55369
* $ n/a 2 $ 320,000
Bay Equity LLC

DETROIT, MI 48226
* $ n/a 2 $ 510,000
Lower, LLC
5950 SYMPHONY WOODS DRIVE
COLUMBIA, MD 21044
* $ n/a 2 $ 370,000
American Neighborhood Mortgage Acceptance Company
700 EAST GATE DRIVE, SUITE 400
MT. LAUREL, NJ 08054
* $ n/a 2 $ 480,000
21st Mortgage
620 MARKET ST SUITE 100
KNOXVILLE, TN 37902
* $ n/a 2 $ 110,000
Barrington Bank & Trust Company, N.A.
201 SOUTH HOUGH STREET
BARRINGTON, IL 60010
* $ n/a 2 $ 380,000
PNC Bank N.A.
249 FIFTH AVE. MS P1-POPP-22-2
PITTSBURGH, PA 15222
* $ n/a 1 $ 125,000
Sierra Pacific Mortgage Co. Inc
1180 IRON POINT RD, SUITE 200
FOLSOM, CA 95630
* $ n/a 1 $ 655,000
Assurance Financial Group, L.L.C.
9029 JEFFERSON HIGHWAY SUITE 100
BATON ROUGE, LA 70809
* $ n/a 1 $ 285,000
Coulee Bank
1516 LOSEY BLVD. S.
LA CROSSE, WI 54601
* $ n/a 1 $ 105,000
Sherburne State Bank
12500 SHERBURNE AVE
PO BOX 428, MN 55308
* $ n/a 1 $ 385,000
Milend, Inc
375 NORTHRIDGE RD, SUITE 600
ALPHARETTA, GA 30009
* $ n/a 1 $ 245,000
Goprime Mortgage, Inc.
320 N SALEM STREET
APEX, NC 27502
* $ n/a 1 $ 415,000
Nexbank
2515 MCKINNEY AVENUE, SUITE 1100
DALLAS, TX 75201
* $ n/a 1 $ 195,000
Servion
500 MAIN STREET
NEW BRIGHTON, MN 55112
* $ n/a 1 $ 205,000
City 1st Mortgage Services, Lc
750 S. MAIN SUITE 104
BOUNTIFUL, UT 84010
* $ n/a 1 $ 225,000
Altra Federal Credit Union
1700 OAK FOREST DRIVE
ONALASKA, WI 54650
* $ n/a 1 $ 765,000
Click N' Close, Inc.
15301 SPECTRUM DRIVE, SUITE 405
ADDISON, TX 75001
* $ n/a 1 $ 15,000
Empeople Credit Union
3950 38TH AVENUE
MOLINE, IL 61265
* $ n/a 1 $ 55,000
Magnifi Financial Credit Union
20 4TH AVE SE
MELROSE, MN 56352
* $ n/a 1 $ 145,000
Ideal Credit Union
8499 TAMARACK ROAD
WOODBURY, MN 55125
* $ n/a 1 $ 85,000
Homeowners Financial Group, LLC
16427 N. SCOTTSDALE ROAD, SUITE 145
SCOTTSDALE, AZ 85251
* $ n/a 1 $ 375,000
Bank Midwest
1525 18TH STREET SUITE 100
SPIRIT LAKE, IA 51360
* $ n/a 1 $ 1,445,000
Four Points Federal Credit Union
510 N 127TH ST
OMAHA, NE 68137
* $ n/a 1 $ 425,000
St. Cloud Financial Credit Union
3030 1ST ST S
SAINT CLOUD, MN 56301
* $ n/a 1 $ 45,000
Citizens Community Federal N.A.
219 FAIRFAX STREET
ALTOONA, WI 54720
* $ n/a 1 $ 1,305,000
Citizens State Bank
375 STAGELINE RD
HUDSON, WI 54016
* $ n/a 1 $ 155,000
Capital Credit Union
PO BOX 2096
BISMARCK, ND 58502
* $ n/a 1 $ 275,000
SWBC Mortgage Corporation
9311 SAN PEDRO AVENUE STE 100
SAN ANTONIO, TX 78216
* $ n/a 1 $ 95,000
American Pacific Mortgage Corporation
3000 LAVA RIDGE COURT, SUITE 200
ROSEVILLE, CA 95661
* $ n/a 1 $ 195,000
Florida Capital Bank, N.A
10151 DEERWOOD PARK BLVD. BLDG. 100 #200
JACKSONVILLE, FL 32256
* $ n/a 1 $ 475,000
Connexus Credit Union
2600 PINE RIDGE
WAUSAU, WI 54401
* $ n/a 1 $ 395,000
Westconsin Credit Union
444 BROADWAY
MENOMONIE, WI 54751
* $ n/a 1 $ 135,000
State Departmenet Federal Credit Union
1630 KING STREET
ALEXANDRIA, VA 22314
* $ n/a 1 $ 55,000
American Financial Network, Inc.
10 POINTE DRIVE, SUITE 330
BREA, CA 92821
* $ n/a 1 $ 245,000
Land Home Financial Services,
1355 WILLOW WAY, SUITE 250
CONCORD, CA 94520
* $ n/a 1 $ 305,000
Credit Human Federal Credit Un
6061 IH 10 WEST
SAN ANTONIO, TX 78215
* $ n/a 1 $ 165,000
Baxter Credit Union
340 N MILWAUKEE AVE
340 N MILWAUKEE AVE, IL 60061
* $ n/a 1 $ 35,000
Veridian Credit Union
1827 ANSBOROUGH AVE
WATERLOO, IA 50701
* $ n/a 1 $ 55,000
Consumer Real Estate Finance Co dba Society Mortgage
330 SW 2ND ST #111
FORT LAUDERDALE, FL 33312
* $ n/a 1 $ 185,000
Ally Bank

CHARLOTTE, NC 28202
* $ n/a 1 $ 135,000
Genisys Credit Union
2100 EXECUTIVE HILLS BLVD
AUBURN HILLS, MI 48326
* $ n/a 1 $ 35,000
Zillow Home Loans, LLC
2600 MICHELSON DRIVE
IRVINE, CA 92612
* $ n/a 1 $ 305,000
Highland Bank
2100 FORD PKWY
SAINT PAUL, MN 55116
* $ n/a 1 $ 105,000
Mutual of Omaha Mortgage

LOMBARD, IL 60148
* $ n/a 1 $ 75,000
Marine Credit Union
811 MONITOR STREET
LA CROSSE, WI 54601
* $ n/a 1 $ 45,000
American Financial Resources LLC
9 SYLVAN WAY
PARSIPPANY, NJ 07054
* $ n/a 1 $ 215,000
Roundpoint Mortgage Servicing LLC
446 WRENPLACE ROAD
FORT MILL, SC 29715
* $ n/a 1 $ 405,000
First Federal Bank
4705 US HWY 90 W
LAKE CITY, FL 32055
* $ n/a 1 $ 225,000
NBKC Bank
8320 WARD PARKWAY
KANSAS CITY, MO 64114
* $ n/a 1 $ 395,000
JPMorgan Chase Bank, NA
1111 POLARIS PARKWAY
COLUMBUS, OH 43240
* $ n/a 1 $ 155,000
Stifel Bank & Trust
501 NORTH BROADWAY
ST. LOUIS, MO 63102
* $ n/a 1 $ 255,000
Kiavi Funding, Inc.
315 MONTGOMERY STREET 16TH FLOOR
SAN FRANCISCO, CA 94104
* $ n/a 1 $ 165,000
Castle Rock Bank
27925 DANVILLE AVENUE , PO BOX 518
CASTLE ROCK, MN 55010
* $ n/a 1 $ 285,000
Heritage Bank Minnesota
181 MAIN STREET
WEST CONCORD, MN 55985
* $ n/a 1 $ 35,000
Royal United Mortgage LLC
7999 KNUE RD. STE 300
INDIANAPOLIS, IN 46256
* $ n/a 1 $ 75,000
Lake Elmo Bank
11465 39TH STREET NORTH
LAKE ELMO, MN 55042
* $ n/a 1 $ 75,000
Academy Bank, N.A.
8551 NORTH BOARDWALK AVE
KANSAS CITY, MO 64106
* $ n/a 1 $ 325,000
Guild Mortgage Company
5898 COPLEY DRIVE
SAN DIEGO, CA 92111
* $ n/a 1 $ 365,000
Luminate Bank
2523 SOUTH WAYZATA BOULEVARD SUITE 100
MINNEAPOLIS, MN 55405
* $ n/a 1 $ 335,000

The tables below break down 2024 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 2024

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 513 $138,985,000 $270,000 $1,515,000 $123,000 $1,779,000
Cash-out Refinancing 142 $27,310,000 $192,000 $625,000 $92,000 $318,000
Other Purpose 134 $10,010,000 $74,000 $435,000 $127,000 $1,166,000
Home Improvement 114 $7,720,000 $67,000 $235,000 $134,000 $385,000
Refinancing 109 $25,525,000 $234,000 $1,625,000 $138,000 $1,784,000
Not Applicable 2 $110,000 $55,000 $75,000 $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 791 $158,955,000 $200,000 $1,485,000 $125,000 $1,784,000
Not applicable 85 $23,955,000 $281,000 $1,625,000 $125,000 $274,000
Not Provided 83 $16,715,000 $201,000 $1,445,000 $119,000 $500,000
Hispanic 37 $6,645,000 $179,000 $355,000 $76,000 $275,000
Asian 12 $1,930,000 $160,000 $405,000 $98,000 $227,000
Black or African American 4 $1,150,000 $287,000 $385,000 $102,000 $159,000
American Indian or Alaskan Native 2 $310,000 $155,000 $285,000 $123,000 $148,000
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) 793 $152,355,000 $192,000 $1,625,000 $130,000 $1,784,000
FHA-insured (Federal Housing Administration) 152 $36,020,000 $236,000 $495,000 $81,000 $198,000
VA-guaranteed (Veterans Administration) 62 $19,710,000 $317,000 $895,000 $105,000 $257,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 7 $1,575,000 $225,000 $375,000 $82,000 $110,000

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 641 $134,095,000 $209,000 $1,625,000 $124,000 $1,784,000
Application Denied By Financial Institution 126 $21,890,000 $173,000 $1,445,000 $111,000 $903,000
Loan Purchased By The Institution 101 $25,335,000 $250,000 $665,000 $94,000 $384,000
Application Withdrawn By Applicant 93 $20,005,000 $215,000 $1,085,000 $126,000 $863,000
File Closed For Incompleteness 26 $4,240,000 $163,000 $1,305,000 $148,000 $643,000
Application Approved But Not Accepted 25 $3,455,000 $138,000 $475,000 $123,000 $275,000
Preapproval Approved but not Accepted 2 $640,000 $320,000 $325,000 $120,000 $160,000
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 790 $168,660,000 $213,000 $1,625,000 $120,000 $1,784,000
Debt-To-Income Ratio 134 $28,150,000 $210,000 $1,515,000 $133,000 $1,779,000
Credit History 40 $4,340,000 $108,000 $295,000 $123,000 $903,000
Collateral 16 $2,150,000 $134,000 $365,000 $113,000 $355,000
Credit Application Incomplete 15 $2,695,000 $179,000 $305,000 $128,000 $710,000
Other 12 $1,640,000 $136,000 $375,000 $159,000 $385,000
Employment History 3 $655,000 $218,000 $295,000 $40,000 $101,000
Insufficient Cash (Downpayment, Closing Cost) 2 $1,080,000 $540,000 $655,000 $90,000 $108,000
Unverifiable Information 2 $290,000 $145,000 $255,000 $57,000 $61,000
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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