Bremer Bank, NA Mortgage Lending & HMDA Data, 2016
In 2016, Bremer Bank, NA of St. Paul, MN reported 5,275 mortgage applications totaling $1.4 billion, up 9% from 2015. The average application was for $256,563, and applicants reported an average income of $104,281. 79% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (1,383), Rochester, MN (371) and Fargo, ND-MN (334) (applications in parentheses).
| Mortgage Company & Address | Bremer Bank, NA 372 St. Peter Street St. Paul, MN 55102 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 5,275 |
| Total Mortgage Loan Application Amount | $1,353,370,000 |
| Average Mortgage Loan Application Amount | $256,563 |
| Highest Mortgage Loan Application Amount | $45,000,000 |
| Average Applicant Income | $104,281 |
| Highest Applicant Income | $4,396,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bremer Bank, NA filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI | 1,383 | $ 485,022,000 | $ 350,702 | $ 115,866 |
| Rochester, MN | 371 | $ 103,077,000 | $ 277,835 | $ 114,000 |
| Fargo, ND-MN | 334 | $ 96,019,000 | $ 287,482 | $ 91,814 |
| St. Cloud, MN | 301 | $ 58,834,000 | $ 195,461 | $ 108,000 |
| Grand Forks, ND-MN | 221 | $ 38,332,000 | $ 173,447 | $ 91,036 |
| Mankato-North Mankato, MN | 146 | $ 27,245,000 | $ 186,609 | $ 95,000 |
| Eau Claire, WI | 98 | $ 21,020,000 | $ 214,489 | $ 75,000 |
| La Crosse-Onalaska, WI-MN | 93 | $ 21,620,000 | $ 232,473 | $ 111,698 |
| Bismarck, ND | 67 | $ 28,492,000 | $ 425,253 | $ 102,000 |
| Duluth, MN-WI | 24 | $ 10,054,000 | $ 418,916 | $ 74,666 |
| Phoenix-Mesa-Scottsdale, AZ | 19 | $ 6,220,000 | $ 327,368 | $ 264,000 |
| Naples-Immokalee-Marco Island, FL | 6 | $ 3,229,000 | $ 538,166 | $ 603,000 |
| Cape Coral-Fort Myers, FL | 4 | $ 974,000 | $ 243,500 | $ 416,000 |
| Appleton, WI | 3 | $ 17,224,000 | $ 5,741,333 | $ 25,000 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 724,000 | $ 241,333 | $ 782,000 |
| Oshkosh-Neenah, WI | 2 | $ 445,000 | $ 222,500 | $ 220,000 |
| Prescott, AZ | 2 | $ 925,000 | $ 462,500 | $ 117,000 |
| Sioux Falls, SD | 2 | $ 196,000 | $ 98,000 | $ 46,000 |
| Boise City, ID | 1 | $ 3,398,000 | $ 3,398,000 | $ 0 |
| Cincinnati, OH-KY-IN | 1 | $ 9,001,000 | $ 9,001,000 | $ 0 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 49,000 | $ 49,000 | $ 68,000 |
| Des Moines-West Des Moines, IA | 1 | $ 12,800,000 | $ 12,800,000 | $ 0 |
| Homosassa Springs, FL | 1 | $ 27,500,000 | $ 27,500,000 | $ 0 |
| Janesville-Beloit, WI | 1 | $ 194,000 | $ 194,000 | $ 68,000 |
| Kansas City, MO-KS | 1 | $ 16,920,000 | $ 16,920,000 | $ 0 |
| Madison, WI | 1 | $ 133,000 | $ 133,000 | $ 63,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 214,000 | $ 214,000 | $ 91,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 394,000 | $ 394,000 | $ 209,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 676,000 | $ 676,000 | $ 339,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 200,000 | $ 200,000 | $ 45,000 |
| Rapid City, SD | 1 | $ 260,000 | $ 260,000 | $ 242,000 |
| The Villages, FL | 1 | $ 417,000 | $ 417,000 | $ 354,000 |
| Tucson, AZ | 1 | $ 300,000 | $ 300,000 | $ 54,000 |
Mortgage Loan Application Detail Totals for Bremer Bank, NA in 2016
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 | 2,967 | $844,831,000 | $284,000 | $45,000,000 | $98,000 | $4,396,000 |
| Refinancing | 2,150 | $483,525,000 | $224,000 | $10,480,000 | $114,000 | $3,192,000 |
| Home Improvement | 158 | $25,014,000 | $158,000 | $9,001,000 | $90,000 | $631,000 |
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 | 4,282 | $820,756,000 | $191,000 | $2,800,000 | $109,000 | $4,396,000 |
| Not Provided | 476 | $83,131,000 | $174,000 | $1,161,000 | $113,000 | $1,563,000 |
| Not applicable | 228 | $400,393,000 | $1,756,000 | $45,000,000 | $14,000 | $3,192,000 |
| Hispanic | 99 | $15,305,000 | $154,000 | $690,000 | $87,000 | $491,000 |
| Asian | 80 | $14,173,000 | $177,000 | $549,000 | $89,000 | $723,000 |
| Black or African American | 70 | $13,521,000 | $193,000 | $1,290,000 | $115,000 | $1,063,000 |
| American Indian or Alaskan Native | 28 | $3,727,000 | $133,000 | $312,000 | $77,000 | $379,000 |
| Native Hawaiin or Other Pacific Islander | 12 | $2,364,000 | $197,000 | $491,000 | $136,000 | $341,000 |
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) | 4,477 | $1,227,199,000 | $274,000 | $45,000,000 | $112,000 | $4,396,000 |
| FHA-insured (Federal Housing Administration) | 389 | $59,327,000 | $152,000 | $332,000 | $60,000 | $273,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 216 | $27,311,000 | $126,000 | $336,000 | $50,000 | $588,000 |
| VA-guaranteed (Veterans Administration) | 193 | $39,533,000 | $204,000 | $417,000 | $80,000 | $252,000 |
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 | 4,169 | $1,134,493,000 | $272,000 | $45,000,000 | $106,000 | $4,396,000 |
| Application Withdrawn By Applicant | 791 | $162,798,000 | $205,000 | $2,750,000 | $108,000 | $1,308,000 |
| Application Denied By Financial Institution | 299 | $43,692,000 | $146,000 | $2,300,000 | $74,000 | $1,236,000 |
| Application Approved But Not Accepted | 10 | $11,606,000 | $1,160,000 | $10,480,000 | $47,000 | $155,000 |
| File Closed For Incompleteness | 6 | $781,000 | $130,000 | $250,000 | $56,000 | $120,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 141 | $17,066,000 | $121,000 | $1,161,000 | $69,000 | $1,236,000 |
| Debt-To-Income Ratio | 73 | $13,236,000 | $181,000 | $2,300,000 | $65,000 | $404,000 |
| Collateral | 48 | $7,069,000 | $147,000 | $550,000 | $97,000 | $323,000 |
| Other | 12 | $1,814,000 | $151,000 | $275,000 | $60,000 | $106,000 |
| Employment History | 10 | $2,488,000 | $248,000 | $1,470,000 | $99,000 | $326,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $1,109,000 | $158,000 | $349,000 | $100,000 | $281,000 |
| Unverifiable Information | 4 | $565,000 | $141,000 | $167,000 | $78,000 | $240,000 |
| Credit Application Incomplete | 4 | $345,000 | $86,000 | $153,000 | $84,000 | $180,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bremer Bank, NA's 2016 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 Bremer Bank, NA'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.
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with aggregated HMDA statistics today.
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