Boundary Waters Bank
HMDA Loan Application Totals
and Mortgage Lending Details
for 2022
Boundary Waters Bank 2022 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| Mortgage Company & Address | Boundary Waters Bank 11800 Aberdeen St Ne #120 Blaine, MN 55449 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2022 2019 |
| Total Number of Mortgage Applications | 452 |
| Total Mortgage Loan Application Amount | $37,050,000 |
| Average Mortgage Loan Application Amount | $104,800 |
| Highest Mortgage Loan Application Amount | $315,000 |
| Average Applicant Income | $207,000 |
| Highest Applicant Income | $842,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2022 with Boundary Waters Bank. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Boundary Waters Bank's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2022 breaks down Boundary Waters Bank's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Boundary Waters Bank serves its applicants.
Each category highlights the total number of mortgage applications processed by Boundary Waters Bank, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Boundary Waters Bank's mortgage activity for 2022.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Hennepin County Minnesota | 159 | $ 14,475,000 | $ 91,000 | $ 173,000 |
| Anoka County Minnesota | 53 | $ 3,035,000 | $ 57,000 | $ 136,000 |
| Dakota County Minnesota | 45 | $ 3,405,000 | $ 75,000 | $ 144,000 |
| Ramsey County Minnesota | 35 | $ 3,055,000 | $ 87,000 | $ 157,000 |
| Scott County Minnesota | 30 | $ 2,610,000 | $ 87,000 | $ 173,000 |
| Washington County Minnesota | 20 | $ 1,660,000 | $ 83,000 | $ 144,000 |
| Wright County Minnesota | 20 | $ 1,330,000 | $ 66,000 | $ 124,000 |
| Carver County Minnesota | 18 | $ 1,950,000 | $ 108,000 | $ 251,000 |
| St. Louis County Minnesota | 9 | $ 875,000 | $ 97,000 | $ 164,000 |
| Sherburne County Minnesota | 7 | $ 505,000 | $ 72,000 | $ 123,000 |
| Chisago County Minnesota | 6 | $ 850,000 | $ 141,000 | $ 118,000 |
| Rice County Minnesota | 6 | $ 410,000 | $ 68,000 | $ 110,000 |
| Stearns County Minnesota | 6 | $ 380,000 | $ 63,000 | $ 119,000 |
| St. Croix County Wisconsin | 6 | $ 270,000 | $ 45,000 | $ 172,000 |
| Crow Wing County Minnesota | 4 | $ 240,000 | $ 60,000 | $ 84,000 |
| Cass County Minnesota | 3 | $ 175,000 | $ 58,000 | $ 310,000 |
| Isanti County Minnesota | 3 | $ 205,000 | $ 68,000 | $ 128,000 |
| Pine County Minnesota | 3 | $ 145,000 | $ 48,000 | $ 106,000 |
| Benton County Minnesota | 2 | $ 140,000 | $ 70,000 | $ 144,000 |
| Le Sueur County Minnesota | 2 | $ 50,000 | $ 25,000 | $ 93,000 |
| Nicollet County Minnesota | 2 | $ 150,000 | $ 75,000 | $ 300,000 |
| Olmsted County Minnesota | 2 | $ 180,000 | $ 90,000 | $ 158,000 |
| Pierce County Wisconsin | 2 | $ 260,000 | $ 130,000 | $ 139,000 |
| Blue Earth County Minnesota | 1 | $ 75,000 | $ 75,000 | $ 72,000 |
| Cook County Minnesota | 1 | $ 105,000 | $ 105,000 | $ 196,000 |
| Goodhue County Minnesota | 1 | $ 55,000 | $ 55,000 | $ 190,000 |
| Itasca County Minnesota | 1 | $ 25,000 | $ 25,000 | $ 41,000 |
| McLeod County Minnesota | 1 | $ 105,000 | $ 105,000 | $ 93,000 |
| Meeker County Minnesota | 1 | $ 55,000 | $ 55,000 | $ 59,000 |
| Rock County Minnesota | 1 | $ 125,000 | $ 125,000 | $ 85,000 |
| Douglas County Wisconsin | 1 | $ 85,000 | $ 85,000 | $ 157,000 |
| Polk County Wisconsin | 1 | $ 65,000 | $ 65,000 | $ 169,000 |
Mortgage Loan Application Detail Totals for Boundary Waters Bank in 2022
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 |
|---|---|---|---|---|---|---|
| Other Purpose | 230 | $16,600,000 | $72,000 | $315,000 | $139,000 | $842,000 |
| Home Improvement | 192 | $16,880,000 | $87,000 | $295,000 | $168,000 | $628,000 |
| Home Purchase | 15 | $1,465,000 | $97,000 | $255,000 | $253,000 | $672,000 |
| Refinancing | 11 | $1,615,000 | $146,000 | $305,000 | $287,000 | $726,000 |
| Cash-out Refinancing | 4 | $490,000 | $122,000 | $175,000 | $188,000 | $271,000 |
| 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 | 353 | $29,275,000 | $82,000 | $315,000 | $160,000 | $842,000 |
| Not Provided | 67 | $5,825,000 | $86,000 | $295,000 | $173,000 | $550,000 |
| Black or African American | 14 | $850,000 | $60,000 | $175,000 | $107,000 | $220,000 |
| Hispanic | 4 | $250,000 | $62,000 | $95,000 | $89,000 | $221,000 |
| Asian | 4 | $280,000 | $70,000 | $125,000 | $120,000 | $173,000 |
| American Indian or Alaskan Native | 1 | $105,000 | $105,000 | $105,000 | $672,000 | $672,000 |
| 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) | 452 | $37,050,000 | $81,000 | $315,000 | $159,000 | $842,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 | 314 | $27,730,000 | $88,000 | $315,000 | $178,000 | $842,000 |
| Application Denied By Financial Institution | 78 | $4,890,000 | $62,000 | $255,000 | $104,000 | $336,000 |
| Application Approved But Not Accepted | 59 | $4,395,000 | $74,000 | $175,000 | $133,000 | $492,000 |
| Application Withdrawn By Applicant | 1 | $35,000 | $35,000 | $35,000 | $96,000 | $96,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 374 | $32,160,000 | $85,000 | $315,000 | $171,000 | $842,000 |
| Credit History | 46 | $2,620,000 | $56,000 | $175,000 | $108,000 | $271,000 |
| Debt-To-Income Ratio | 27 | $2,035,000 | $75,000 | $255,000 | $105,000 | $336,000 |
| Collateral | 3 | $185,000 | $61,000 | $105,000 | $78,000 | $140,000 |
| Employment History | 2 | $50,000 | $25,000 | $25,000 | $31,000 | $37,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 Boundary Waters Bank's 2022 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 Boundary Waters Bank'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.