Anoka Hennepin Credit Union Mortgage Lending & HMDA Data, 2021
In 2021, Anoka Hennepin Credit Union of Minneapolis, MN reported 203 mortgage applications totaling $24.5 million, down 29% from 2020. The average application was for $120,911, and applicants reported an average income of $100,660. 63% of its applications resulted in an originated loan and 9% were denied. Its largest market was Minneapolis-St. Paul-Bloomington, MN-WI (191).
| Mortgage Company & Address | Anoka Hennepin Credit Union 11681 Theatre Dr N Minneapolis, MN 55448 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2024 2023 2022 2021 2020 2019 |
| Total Number of Mortgage Applications | 203 |
| Total Mortgage Loan Application Amount | $24,545,000 |
| Average Mortgage Loan Application Amount | $120,911 |
| Highest Mortgage Loan Application Amount | $545,000 |
| Average Applicant Income | $100,660 |
| Highest Applicant Income | $1,176,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Anoka Hennepin Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
Mortgage Loan Application Detail Totals for Anoka Hennepin Credit Union in 2021
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 | 70 | $8,920,000 | $127,000 | $365,000 | $86,000 | $248,000 |
| Home Improvement | 53 | $2,325,000 | $43,000 | $165,000 | $113,000 | $1,080,000 |
| Cash-out Refinancing | 36 | $7,890,000 | $219,000 | $545,000 | $102,000 | $325,000 |
| Other Purpose | 25 | $1,165,000 | $46,000 | $155,000 | $86,000 | $165,000 |
| Home Purchase | 19 | $4,245,000 | $223,000 | $395,000 | $137,000 | $1,176,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $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 | 168 | $20,090,000 | $119,000 | $415,000 | $93,000 | $1,080,000 |
| Not Provided | 13 | $1,485,000 | $114,000 | $345,000 | $207,000 | $1,176,000 |
| Black or African American | 9 | $1,745,000 | $193,000 | $345,000 | $98,000 | $172,000 |
| Hispanic | 7 | $745,000 | $106,000 | $545,000 | $111,000 | $325,000 |
| Asian | 4 | $250,000 | $62,000 | $85,000 | $88,000 | $110,000 |
| American Indian or Alaskan Native | 1 | $95,000 | $95,000 | $95,000 | $65,000 | $65,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 193 | $22,035,000 | $114,000 | $545,000 | $101,000 | $1,176,000 |
| FHA-insured (Federal Housing Administration) | 8 | $1,990,000 | $248,000 | $345,000 | $94,000 | $172,000 |
| VA-guaranteed (Veterans Administration) | 2 | $520,000 | $260,000 | $275,000 | $86,000 | $114,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 128 | $15,680,000 | $122,000 | $545,000 | $94,000 | $325,000 |
| Application Withdrawn By Applicant | 43 | $5,555,000 | $129,000 | $345,000 | $137,000 | $1,176,000 |
| Application Denied By Financial Institution | 18 | $1,710,000 | $95,000 | $335,000 | $64,000 | $142,000 |
| Application Approved But Not Accepted | 13 | $1,205,000 | $92,000 | $275,000 | $100,000 | $153,000 |
| Preapproval Approved but not Accepted | 1 | $395,000 | $395,000 | $395,000 | $88,000 | $88,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 185 | $22,835,000 | $123,000 | $545,000 | $104,000 | $1,176,000 |
| Credit History | 6 | $670,000 | $111,000 | $335,000 | $71,000 | $142,000 |
| Debt-To-Income Ratio | 5 | $555,000 | $111,000 | $245,000 | $52,000 | $104,000 |
| Other | 4 | $330,000 | $82,000 | $205,000 | $89,000 | $120,000 |
| Collateral | 2 | $70,000 | $35,000 | $45,000 | $39,000 | $51,000 |
| Unverifiable Information | 1 | $85,000 | $85,000 | $85,000 | $41,000 | $41,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Anoka Hennepin Credit Union's 2021 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Anoka Hennepin Credit Union's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Minnesota, download the full spreadsheet
with aggregated HMDA statistics today.
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