City-County FCU Mortgage Lending & HMDA Data, 2003
In 2003, City-County FCU of Brooklyn Center, MN reported 598 mortgage applications totaling $30.6 million. The average application was for $51,219, and applicants reported an average income of $62,916. 96% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Minneapolis-St. Paul, MN-WI (571), Duluth-Superior, MN-WI (2) and St. Cloud, MN (2) (applications in parentheses).
| Mortgage Company & Address | City-County FCU 6160 Summit Drive Brooklyn Center, MN 55430 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 598 |
| Total Mortgage Loan Application Amount | $30,629,000 |
| Average Mortgage Loan Application Amount | $51,219 |
| Highest Mortgage Loan Application Amount | $250,000 |
| Average Applicant Income | $62,916 |
| Highest Applicant Income | $292,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records City-County FCU filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Hennepin, Minnesota | 402 | $ 21,808,000 | $ 54,248 | $ 57,000 |
| Anoka, Minnesota | 54 | $ 2,015,000 | $ 37,314 | $ 60,000 |
| Ramsey, Minnesota | 43 | $ 2,264,000 | $ 52,651 | $ 70,000 |
| Dakota, Minnesota | 31 | $ 1,327,000 | $ 42,806 | $ 65,000 |
| Washington, Minnesota | 15 | $ 830,000 | $ 55,333 | $ 70,000 |
| Wright, Minnesota | 9 | $ 161,000 | $ 17,888 | $ 60,000 |
| Scott, Minnesota | 6 | $ 225,000 | $ 37,500 | $ 97,000 |
| Mille Lacs, Minnesota | 5 | $ 449,000 | $ 89,800 | $ 54,000 |
| Sherburne, Minnesota | 5 | $ 104,000 | $ 20,800 | $ 71,000 |
| Carver, Minnesota | 3 | $ 176,000 | $ 58,666 | $ 83,000 |
| Pine, Minnesota | 3 | $ 13,000 | $ 4,333 | $ 47,000 |
| Aitkin, Minnesota | 2 | $ 72,000 | $ 36,000 | $ 55,000 |
| Carlton, Minnesota | 2 | $ 55,000 | $ 27,500 | $ 50,000 |
| Chisago, Minnesota | 2 | $ 107,000 | $ 53,500 | $ 93,000 |
| Rice, Minnesota | 2 | $ 39,000 | $ 19,500 | $ 35,000 |
| St. Louis, Minnesota | 2 | $ 50,000 | $ 25,000 | $ 71,000 |
| Stearns, Minnesota | 2 | $ 177,000 | $ 88,500 | $ 65,000 |
| Becker, Minnesota | 1 | $ 66,000 | $ 66,000 | $ 95,000 |
| Cass, Minnesota | 1 | $ 43,000 | $ 43,000 | $ 45,000 |
| Crow Wing, Minnesota | 1 | $ 17,000 | $ 17,000 | $ 31,000 |
| Isanti, Minnesota | 1 | $ 107,000 | $ 107,000 | $ 60,000 |
| Kanabec, Minnesota | 1 | $ 15,000 | $ 15,000 | $ 50,000 |
| Le Sueur, Minnesota | 1 | $ 100,000 | $ 100,000 | $ 72,000 |
| McLeod, Minnesota | 1 | $ 40,000 | $ 40,000 | $ 97,000 |
| Meeker, Minnesota | 1 | $ 215,000 | $ 215,000 | $ 58,000 |
| Sibley, Minnesota | 1 | $ 148,000 | $ 148,000 | $ 63,000 |
| Wabasha, Minnesota | 1 | $ 6,000 | $ 6,000 | $ 52,000 |
Mortgage Loan Application Detail Totals for City-County FCU in 2003
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 (home purchase or home improvement, one-to-four family) | 324 | $25,319,000 | $78,000 | $250,000 | $62,000 | $292,000 |
| Home Improvement (one-to-four family) | 274 | $5,310,000 | $19,000 | $175,000 | $64,000 | $169,000 |
| Home Purchase (one-to-four family) | 0 | $0 | $0 | $0 | $0 | $0 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 | 346 | $18,564,000 | $53,000 | $215,000 | $65,000 | $292,000 |
| Information not provided by applicant in mail or telephone application | 202 | $9,740,000 | $48,000 | $232,000 | $61,000 | $200,000 |
| Black | 29 | $1,696,000 | $58,000 | $250,000 | $65,000 | $118,000 |
| Asian or Pacific Islander | 10 | $342,000 | $34,000 | $120,000 | $54,000 | $87,000 |
| American Indian or Alaskan Native | 5 | $149,000 | $29,000 | $45,000 | $76,000 | $124,000 |
| Hispanic | 3 | $57,000 | $19,000 | $45,000 | $47,000 | $55,000 |
| Other | 3 | $81,000 | $27,000 | $58,000 | $84,000 | $97,000 |
| 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) | 598 | $30,629,000 | $51,000 | $250,000 | $63,000 | $292,000 |
| 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 | 576 | $30,054,000 | $52,000 | $250,000 | $66,000 | $292,000 |
| Application Withdrawn By Applicant | 13 | $327,000 | $25,000 | $80,000 | $54,000 | $95,000 |
| Application Denied By Financial Institution | 8 | $247,000 | $30,000 | $94,000 | $46,000 | $69,000 |
| File Closed For Incompleteness | 1 | $1,000 | $1,000 | $1,000 | $32,000 | $32,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 City-County FCU's 2003 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 City-County FCU'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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