City-County FCU Mortgage Lending & HMDA Data, 2006
In 2006, City-County FCU of Brooklyn Center, MN reported 724 mortgage applications totaling $36.0 million, up 250% from 2005. The average application was for $49,674, and applicants reported an average income of $73,839. 78% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (698) and Duluth, MN-WI (1).
| 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 | 724 |
| Total Mortgage Loan Application Amount | $35,964,000 |
| Average Mortgage Loan Application Amount | $49,674 |
| Highest Mortgage Loan Application Amount | $370,000 |
| Average Applicant Income | $73,839 |
| Highest Applicant Income | $295,000 |
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Act (HMDA) records City-County FCU filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 429 | $ 21,009,000 | $ 48,972 | $ 69,000 |
| Anoka, Minnesota | 95 | $ 4,650,000 | $ 48,947 | $ 78,000 |
| Ramsey, Minnesota | 43 | $ 1,836,000 | $ 42,697 | $ 86,000 |
| Dakota, Minnesota | 40 | $ 1,947,000 | $ 48,675 | $ 80,000 |
| Wright, Minnesota | 22 | $ 1,122,000 | $ 51,000 | $ 87,000 |
| Sherburne, Minnesota | 17 | $ 944,000 | $ 55,529 | $ 65,000 |
| Carver, Minnesota | 16 | $ 986,000 | $ 61,625 | $ 80,000 |
| Washington, Minnesota | 15 | $ 909,000 | $ 60,600 | $ 93,000 |
| Scott, Minnesota | 13 | $ 591,000 | $ 45,461 | $ 85,000 |
| Chisago, Minnesota | 4 | $ 148,000 | $ 37,000 | $ 86,000 |
| Isanti, Minnesota | 4 | $ 235,000 | $ 58,750 | $ 76,000 |
| Mille Lacs, Minnesota | 4 | $ 125,000 | $ 31,250 | $ 69,000 |
| Rice, Minnesota | 4 | $ 76,000 | $ 19,000 | $ 60,000 |
| Aitkin, Minnesota | 3 | $ 271,000 | $ 90,333 | $ 35,000 |
| Crow Wing, Minnesota | 2 | $ 206,000 | $ 103,000 | $ 69,000 |
| Otter Tail, Minnesota | 2 | $ 88,000 | $ 44,000 | $ 38,000 |
| Cass, Minnesota | 1 | $ 31,000 | $ 31,000 | $ 177,000 |
| Goodhue, Minnesota | 1 | $ 77,000 | $ 77,000 | $ 56,000 |
| Itasca, Minnesota | 1 | $ 134,000 | $ 134,000 | $ 256,000 |
| Kanabec, Minnesota | 1 | $ 66,000 | $ 66,000 | $ 109,000 |
| Kandiyohi, Minnesota | 1 | $ 86,000 | $ 86,000 | $ 127,000 |
| Le Sueur, Minnesota | 1 | $ 33,000 | $ 33,000 | $ 48,000 |
| Mahnomen, Minnesota | 1 | $ 38,000 | $ 38,000 | $ 56,000 |
| Morrison, Minnesota | 1 | $ 64,000 | $ 64,000 | $ 80,000 |
| Pine, Minnesota | 1 | $ 6,000 | $ 6,000 | $ 55,000 |
| Sibley, Minnesota | 1 | $ 226,000 | $ 226,000 | $ 52,000 |
| St. Louis, Minnesota | 1 | $ 60,000 | $ 60,000 | $ 295,000 |
Mortgage Loan Application Detail Totals for City-County FCU in 2006
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 | 572 | $32,424,000 | $56,000 | $370,000 | $74,000 | $295,000 |
| Home Improvement | 148 | $3,142,000 | $21,000 | $153,000 | $73,000 | $272,000 |
| Home Purchase | 4 | $398,000 | $99,000 | $252,000 | $82,000 | $137,000 |
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 |
|---|---|---|---|---|---|---|
| Not Provided | 510 | $25,644,000 | $50,000 | $370,000 | $74,000 | $295,000 |
| White | 182 | $8,860,000 | $48,000 | $308,000 | $74,000 | $272,000 |
| Black or African American | 19 | $1,069,000 | $56,000 | $156,000 | $76,000 | $150,000 |
| Hispanic | 6 | $255,000 | $42,000 | $80,000 | $47,000 | $71,000 |
| American Indian or Alaskan Native | 5 | $113,000 | $22,000 | $51,000 | $54,000 | $74,000 |
| Asian | 2 | $23,000 | $11,000 | $17,000 | $39,000 | $79,000 |
| 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) | 723 | $35,927,000 | $49,000 | $370,000 | $74,000 | $295,000 |
| VA-guaranteed (Veterans Administration) | 1 | $37,000 | $37,000 | $37,000 | $46,000 | $46,000 |
| 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 |
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 | 566 | $29,211,000 | $51,000 | $370,000 | $76,000 | $272,000 |
| Application Withdrawn By Applicant | 94 | $4,423,000 | $47,000 | $185,000 | $71,000 | $295,000 |
| Application Denied By Financial Institution | 64 | $2,330,000 | $36,000 | $170,000 | $58,000 | $180,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 1 | $15,000 | $15,000 | $15,000 | $77,000 | $77,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into City-County FCU's 2006 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
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