City-County FCU Mortgage Lending & HMDA Data, 2009
In 2009, City-County FCU of Brooklyn Center, MN reported 643 mortgage applications totaling $52.7 million, up 7% from 2008. The average application was for $81,998, and applicants reported an average income of $87,947. 74% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (613) and St. Cloud, MN (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 | 643 |
| Total Mortgage Loan Application Amount | $52,725,000 |
| Average Mortgage Loan Application Amount | $81,998 |
| Highest Mortgage Loan Application Amount | $473,000 |
| Average Applicant Income | $87,947 |
| Highest Applicant Income | $449,000 |
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Act (HMDA) records City-County FCU filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 412 | $ 32,724,000 | $ 79,427 | $ 86,000 |
| Anoka, Minnesota | 61 | $ 5,360,000 | $ 87,868 | $ 86,000 |
| Ramsey, Minnesota | 52 | $ 4,463,000 | $ 85,826 | $ 97,000 |
| Dakota, Minnesota | 37 | $ 3,585,000 | $ 96,891 | $ 107,000 |
| Washington, Minnesota | 21 | $ 1,826,000 | $ 86,952 | $ 100,000 |
| Wright, Minnesota | 10 | $ 763,000 | $ 76,300 | $ 88,000 |
| Scott, Minnesota | 8 | $ 666,000 | $ 83,250 | $ 77,000 |
| Mille Lacs, Minnesota | 5 | $ 353,000 | $ 70,600 | $ 103,000 |
| Sherburne, Minnesota | 5 | $ 407,000 | $ 81,400 | $ 89,000 |
| Aitkin, Minnesota | 4 | $ 335,000 | $ 83,750 | $ 74,000 |
| Douglas, Minnesota | 4 | $ 232,000 | $ 58,000 | $ 36,000 |
| Chisago, Minnesota | 3 | $ 368,000 | $ 122,666 | $ 95,000 |
| Carver, Minnesota | 2 | $ 19,000 | $ 9,500 | $ 71,000 |
| Crow Wing, Minnesota | 2 | $ 140,000 | $ 70,000 | $ 46,000 |
| Goodhue, Minnesota | 2 | $ 277,000 | $ 138,500 | $ 109,000 |
| Isanti, Minnesota | 2 | $ 129,000 | $ 64,500 | $ 88,000 |
| Itasca, Minnesota | 2 | $ 150,000 | $ 75,000 | $ 79,000 |
| Rice, Minnesota | 2 | $ 206,000 | $ 103,000 | $ 60,000 |
| Cass, Minnesota | 1 | $ 66,000 | $ 66,000 | $ 47,000 |
| Hubbard, Minnesota | 1 | $ 120,000 | $ 120,000 | $ 126,000 |
| Kanabec, Minnesota | 1 | $ 130,000 | $ 130,000 | $ 70,000 |
| Kandiyohi, Minnesota | 1 | $ 45,000 | $ 45,000 | $ 39,000 |
| McLeod, Minnesota | 1 | $ 20,000 | $ 20,000 | $ 54,000 |
| Meeker, Minnesota | 1 | $ 50,000 | $ 50,000 | $ 101,000 |
| Morrison, Minnesota | 1 | $ 90,000 | $ 90,000 | $ 90,000 |
| Otter Tail, Minnesota | 1 | $ 101,000 | $ 101,000 | $ 162,000 |
| Stearns, Minnesota | 1 | $ 100,000 | $ 100,000 | $ 76,000 |
Mortgage Loan Application Detail Totals for City-County FCU in 2009
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 | 500 | $48,458,000 | $96,000 | $473,000 | $89,000 | $449,000 |
| Home Improvement | 138 | $3,829,000 | $27,000 | $170,000 | $85,000 | $287,000 |
| Home Purchase | 5 | $438,000 | $87,000 | $160,000 | $64,000 | $105,000 |
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 | 567 | $46,150,000 | $81,000 | $473,000 | $89,000 | $449,000 |
| Not Provided | 31 | $2,724,000 | $87,000 | $232,000 | $82,000 | $249,000 |
| Black or African American | 28 | $2,180,000 | $77,000 | $212,000 | $65,000 | $155,000 |
| Asian | 9 | $1,094,000 | $121,000 | $278,000 | $96,000 | $217,000 |
| Hispanic | 6 | $469,000 | $78,000 | $151,000 | $89,000 | $121,000 |
| American Indian or Alaskan Native | 2 | $108,000 | $54,000 | $103,000 | $59,000 | $95,000 |
| 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) | 643 | $52,725,000 | $81,000 | $473,000 | $88,000 | $449,000 |
| 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 | 475 | $36,575,000 | $77,000 | $473,000 | $91,000 | $449,000 |
| Application Withdrawn By Applicant | 93 | $8,984,000 | $96,000 | $432,000 | $81,000 | $252,000 |
| Application Denied By Financial Institution | 72 | $6,855,000 | $95,000 | $300,000 | $74,000 | $287,000 |
| File Closed For Incompleteness | 3 | $311,000 | $103,000 | $178,000 | $74,000 | $76,000 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| 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 2009 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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