Blackridgebank Mortgage Lending & HMDA Data, 2012
In 2012, Blackridgebank of Fargo, ND reported 309 mortgage applications totaling $51.0 million, up 354% from 2011. The average application was for $165,103, and applicants reported an average income of $85,446. 52% of its applications resulted in an originated loan and 29% were denied. Its largest markets were Fargo, ND-MN (47), Bismarck, ND (40) and Minneapolis-St. Paul-Bloomington, MN-WI (11) (applications in parentheses).
| Mortgage Company & Address | Blackridgebank 4040 42nd St Sw, Suite O Fargo, ND 58104 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 |
| Total Number of Mortgage Applications | 309 |
| Total Mortgage Loan Application Amount | $51,017,000 |
| Average Mortgage Loan Application Amount | $165,103 |
| Highest Mortgage Loan Application Amount | $4,326,000 |
| Average Applicant Income | $85,446 |
| Highest Applicant Income | $1,269,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Blackridgebank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Crow Wing, Minnesota | 85 | $ 10,792,000 | $ 126,964 | $ 79,000 |
| Douglas, Minnesota | 51 | $ 7,805,000 | $ 153,039 | $ 68,000 |
| Cass, North Dakota | 34 | $ 8,516,000 | $ 250,470 | $ 68,000 |
| Burleigh, North Dakota | 31 | $ 5,422,000 | $ 174,903 | $ 126,000 |
| Cass, Minnesota | 26 | $ 3,908,000 | $ 150,307 | $ 165,000 |
| Clay, Minnesota | 13 | $ 1,202,000 | $ 92,461 | $ 17,000 |
| Morton, North Dakota | 9 | $ 903,000 | $ 100,333 | $ 53,000 |
| Morrison, Minnesota | 6 | $ 640,000 | $ 106,666 | $ 164,000 |
| Otter Tail, Minnesota | 6 | $ 575,000 | $ 95,833 | $ 45,000 |
| Todd, Minnesota | 5 | $ 164,000 | $ 32,800 | $ 55,000 |
| Hennepin, Minnesota | 4 | $ 601,000 | $ 150,250 | $ 160,000 |
| Aitkin, Minnesota | 3 | $ 300,000 | $ 100,000 | $ 46,000 |
| Anoka, Minnesota | 3 | $ 575,000 | $ 191,666 | $ 97,000 |
| Mille Lacs, Minnesota | 3 | $ 214,000 | $ 71,333 | $ 59,000 |
| Ramsey, Minnesota | 3 | $ 522,000 | $ 174,000 | $ 89,000 |
| St. Louis, Minnesota | 3 | $ 229,000 | $ 76,333 | $ 78,000 |
| New Castle, Delaware | 2 | $ 350,000 | $ 175,000 | $ 136,000 |
| Becker, Minnesota | 2 | $ 329,000 | $ 164,500 | $ 142,000 |
| Stark, North Dakota | 2 | $ 1,307,000 | $ 653,500 | $ 0 |
| Williams, North Dakota | 2 | $ 517,000 | $ 258,500 | $ 48,000 |
| Henry, Illinois | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Jefferson, Kentucky | 1 | $ 130,000 | $ 130,000 | $ 58,000 |
| Benton, Minnesota | 1 | $ 108,000 | $ 108,000 | $ 13,000 |
| Blue Earth, Minnesota | 1 | $ 143,000 | $ 143,000 | $ 85,000 |
| Kanabec, Minnesota | 1 | $ 90,000 | $ 90,000 | $ 60,000 |
| Pope, Minnesota | 1 | $ 90,000 | $ 90,000 | $ 79,000 |
| Traverse, Minnesota | 1 | $ 79,000 | $ 79,000 | $ 46,000 |
| Wadena, Minnesota | 1 | $ 66,000 | $ 66,000 | $ 29,000 |
| Wright, Minnesota | 1 | $ 185,000 | $ 185,000 | $ 50,000 |
| Grand Forks, North Dakota | 1 | $ 112,000 | $ 112,000 | $ 341,000 |
| Griggs, North Dakota | 1 | $ 110,000 | $ 110,000 | $ 137,000 |
| Kidder, North Dakota | 1 | $ 180,000 | $ 180,000 | $ 0 |
| Pembina, North Dakota | 1 | $ 196,000 | $ 196,000 | $ 84,000 |
| Renville, North Dakota | 1 | $ 44,000 | $ 44,000 | $ 94,000 |
| Stutsman, North Dakota | 1 | $ 152,000 | $ 152,000 | $ 0 |
| Ward, North Dakota | 1 | $ 4,326,000 | $ 4,326,000 | $ 0 |
Mortgage Loan Application Detail Totals for Blackridgebank in 2012
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 | 156 | $25,032,000 | $160,000 | $4,326,000 | $100,000 | $1,269,000 |
| Refinancing | 125 | $24,205,000 | $193,000 | $3,840,000 | $75,000 | $342,000 |
| Home Improvement | 28 | $1,780,000 | $63,000 | $416,000 | $51,000 | $340,000 |
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 | 224 | $28,777,000 | $128,000 | $768,000 | $100,000 | $1,269,000 |
| Not applicable | 49 | $16,282,000 | $332,000 | $4,326,000 | $0 | $0 |
| Not Provided | 31 | $4,753,000 | $153,000 | $550,000 | $109,000 | $547,000 |
| Asian | 4 | $1,195,000 | $298,000 | $425,000 | $138,000 | $159,000 |
| Hispanic | 1 | $10,000 | $10,000 | $10,000 | $42,000 | $42,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 264 | $44,981,000 | $170,000 | $4,326,000 | $89,000 | $1,269,000 |
| FHA-insured (Federal Housing Administration) | 29 | $4,207,000 | $145,000 | $276,000 | $55,000 | $128,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 11 | $1,212,000 | $110,000 | $200,000 | $93,000 | $547,000 |
| VA-guaranteed (Veterans Administration) | 5 | $617,000 | $123,000 | $135,000 | $52,000 | $92,000 |
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 | 160 | $26,906,000 | $168,000 | $4,326,000 | $100,000 | $1,269,000 |
| Application Denied By Financial Institution | 89 | $13,952,000 | $156,000 | $450,000 | $67,000 | $547,000 |
| Application Approved But Not Accepted | 53 | $8,946,000 | $168,000 | $400,000 | $84,000 | $256,000 |
| File Closed For Incompleteness | 4 | $635,000 | $158,000 | $198,000 | $0 | $0 |
| Application Withdrawn By Applicant | 3 | $578,000 | $192,000 | $228,000 | $41,000 | $123,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Blackridgebank's 2012 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 Blackridgebank'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 North Dakota, download the full spreadsheet
with aggregated HMDA statistics today.
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