Commonsense Mortgage, Inc. Mortgage Lending & HMDA Data, 2005
In 2005, Commonsense Mortgage, Inc. of Shoreview, MN reported 463 mortgage applications totaling $74.7 million. The average application was for $161,235, and applicants reported an average income of $69,425. 41% of its applications resulted in an originated loan and 27% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (211), Phoenix-Mesa-Scottsdale, AZ (68) and Fargo, ND-MN (12) (applications in parentheses).
| Mortgage Company & Address | Commonsense Mortgage, Inc. 3450 Lexington Ave N Shoreview, MN 55126 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 |
| Total Number of Mortgage Applications | 463 |
| Total Mortgage Loan Application Amount | $74,652,000 |
| Average Mortgage Loan Application Amount | $161,235 |
| Highest Mortgage Loan Application Amount | $850,000 |
| Average Applicant Income | $69,425 |
| Highest Applicant Income | $1,371,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Commonsense Mortgage, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 89 | $ 15,132,000 | $ 170,022 | $ 76,000 |
| Maricopa, Arizona | 61 | $ 11,211,000 | $ 183,786 | $ 89,000 |
| Ramsey, Minnesota | 31 | $ 5,912,000 | $ 190,709 | $ 67,000 |
| Anoka, Minnesota | 27 | $ 4,563,000 | $ 169,000 | $ 68,000 |
| Washington, Minnesota | 16 | $ 2,605,000 | $ 162,812 | $ 58,000 |
| Dakota, Minnesota | 13 | $ 2,039,000 | $ 156,846 | $ 94,000 |
| Cass, North Dakota | 12 | $ 1,025,000 | $ 85,416 | $ 57,000 |
| Sherburne, Minnesota | 10 | $ 1,469,000 | $ 146,900 | $ 56,000 |
| Wright, Minnesota | 9 | $ 1,292,000 | $ 143,555 | $ 60,000 |
| Pinal, Arizona | 7 | $ 1,696,000 | $ 242,285 | $ 113,000 |
| Isanti, Minnesota | 7 | $ 1,037,000 | $ 148,142 | $ 56,000 |
| Milwaukee, Wisconsin | 7 | $ 599,000 | $ 85,571 | $ 34,000 |
| Broward, Florida | 6 | $ 2,044,000 | $ 340,666 | $ 153,000 |
| St. Louis, Minnesota | 6 | $ 829,000 | $ 138,166 | $ 61,000 |
| Kanabec, Minnesota | 5 | $ 598,000 | $ 119,600 | $ 44,000 |
| Scott, Minnesota | 5 | $ 1,151,000 | $ 230,200 | $ 70,000 |
| Orange, Florida | 4 | $ 541,000 | $ 135,250 | $ 73,000 |
| Becker, Minnesota | 4 | $ 360,000 | $ 90,000 | $ 35,000 |
| Olmsted, Minnesota | 4 | $ 458,000 | $ 114,500 | $ 47,000 |
| Stearns, Minnesota | 4 | $ 593,000 | $ 148,250 | $ 43,000 |
| Wayne, Michigan | 3 | $ 289,000 | $ 96,333 | $ 28,000 |
| Brown, Minnesota | 3 | $ 168,000 | $ 56,000 | $ 40,000 |
| Carver, Minnesota | 3 | $ 683,000 | $ 227,666 | $ 100,000 |
| Clay, Minnesota | 3 | $ 393,000 | $ 131,000 | $ 43,000 |
| Dodge, Minnesota | 3 | $ 393,000 | $ 131,000 | $ 38,000 |
| Otter Tail, Minnesota | 3 | $ 439,000 | $ 146,333 | $ 78,000 |
| Todd, Minnesota | 3 | $ 458,000 | $ 152,666 | $ 69,000 |
| Norfolk, Virginia | 3 | $ 438,000 | $ 146,000 | $ 47,000 |
| Bayfield, Wisconsin | 3 | $ 199,000 | $ 66,333 | $ 68,000 |
| Anchorage, Alaska | 2 | $ 595,000 | $ 297,500 | $ 95,000 |
| Cochise, Arizona | 2 | $ 316,000 | $ 158,000 | $ 82,000 |
| Pima, Arizona | 2 | $ 312,000 | $ 156,000 | $ 98,000 |
| Hillsborough, Florida | 2 | $ 423,000 | $ 211,500 | $ 208,000 |
| Putnam, Florida | 2 | $ 169,000 | $ 84,500 | $ 45,000 |
| Jackson, Michigan | 2 | $ 93,000 | $ 46,500 | $ 36,000 |
| Macomb, Michigan | 2 | $ 185,000 | $ 92,500 | $ 104,000 |
| Oakland, Michigan | 2 | $ 636,000 | $ 318,000 | $ 109,000 |
| Benton, Minnesota | 2 | $ 185,000 | $ 92,500 | $ 53,000 |
| Carlton, Minnesota | 2 | $ 285,000 | $ 142,500 | $ 27,000 |
| Cook, Minnesota | 2 | $ 352,000 | $ 176,000 | $ 47,000 |
| Crow Wing, Minnesota | 2 | $ 1,184,000 | $ 592,000 | $ 253,000 |
| Faribault, Minnesota | 2 | $ 134,000 | $ 67,000 | $ 24,000 |
| Freeborn, Minnesota | 2 | $ 265,000 | $ 132,500 | $ 58,000 |
| Le Sueur, Minnesota | 2 | $ 162,000 | $ 81,000 | $ 48,000 |
| Mille Lacs, Minnesota | 2 | $ 317,000 | $ 158,500 | $ 33,000 |
| Traverse, Minnesota | 2 | $ 119,000 | $ 59,500 | $ 44,000 |
| Watonwan, Minnesota | 2 | $ 85,000 | $ 42,500 | $ 64,000 |
| Stutsman, North Dakota | 2 | $ 115,000 | $ 57,500 | $ 49,000 |
| Traill, North Dakota | 2 | $ 360,000 | $ 180,000 | $ 74,000 |
| Virginia Beach, Virginia | 2 | $ 213,000 | $ 106,500 | $ 29,000 |
| Douglas, Wisconsin | 2 | $ 205,000 | $ 102,500 | $ 75,000 |
| Outagamie, Wisconsin | 2 | $ 238,000 | $ 119,000 | $ 29,000 |
| Rock, Wisconsin | 2 | $ 338,000 | $ 169,000 | $ 37,000 |
| Sheboygan, Wisconsin | 2 | $ 190,000 | $ 95,000 | $ 66,000 |
| St. Croix, Wisconsin | 2 | $ 250,000 | $ 125,000 | $ 74,000 |
| Prince of Wales-Outer Ketchikan, Alaska | 1 | $ 144,000 | $ 144,000 | $ 53,000 |
| Apache, Arizona | 1 | $ 98,000 | $ 98,000 | $ 48,000 |
| Gila, Arizona | 1 | $ 90,000 | $ 90,000 | $ 36,000 |
| Mohave, Arizona | 1 | $ 295,000 | $ 295,000 | $ 156,000 |
| Yavapai, Arizona | 1 | $ 203,000 | $ 203,000 | $ 84,000 |
| Yuma, Arizona | 1 | $ 227,000 | $ 227,000 | $ 102,000 |
| Kern, California | 1 | $ 271,000 | $ 271,000 | $ 78,000 |
| Orange, California | 1 | $ 420,000 | $ 420,000 | $ 156,000 |
| Sacramento, California | 1 | $ 330,000 | $ 330,000 | $ 85,000 |
| Lake, Colorado | 1 | $ 68,000 | $ 68,000 | $ 20,000 |
| Escambia, Florida | 1 | $ 111,000 | $ 111,000 | $ 42,000 |
| Flagler, Florida | 1 | $ 164,000 | $ 164,000 | $ 34,000 |
| Lake, Florida | 1 | $ 65,000 | $ 65,000 | $ 46,000 |
| Lee, Florida | 1 | $ 159,000 | $ 159,000 | $ 43,000 |
| Marion, Florida | 1 | $ 69,000 | $ 69,000 | $ 65,000 |
| Miami-Dade, Florida | 1 | $ 180,000 | $ 180,000 | $ 107,000 |
| Osceola, Florida | 1 | $ 120,000 | $ 120,000 | $ 60,000 |
| Pasco, Florida | 1 | $ 79,000 | $ 79,000 | $ 40,000 |
| Volusia, Florida | 1 | $ 89,000 | $ 89,000 | $ 34,000 |
| Kalamazoo, Michigan | 1 | $ 395,000 | $ 395,000 | $ 53,000 |
| Kent, Michigan | 1 | $ 77,000 | $ 77,000 | $ 0 |
| Saginaw, Michigan | 1 | $ 103,000 | $ 103,000 | $ 29,000 |
| Beltrami, Minnesota | 1 | $ 308,000 | $ 308,000 | $ 71,000 |
| Chisago, Minnesota | 1 | $ 295,000 | $ 295,000 | $ 89,000 |
| Goodhue, Minnesota | 1 | $ 68,000 | $ 68,000 | $ 18,000 |
| Itasca, Minnesota | 1 | $ 64,000 | $ 64,000 | $ 25,000 |
| Kandiyohi, Minnesota | 1 | $ 130,000 | $ 130,000 | $ 55,000 |
| McLeod, Minnesota | 1 | $ 203,000 | $ 203,000 | $ 56,000 |
| Meeker, Minnesota | 1 | $ 94,000 | $ 94,000 | $ 32,000 |
| Mower, Minnesota | 1 | $ 64,000 | $ 64,000 | $ 15,000 |
| Norman, Minnesota | 1 | $ 109,000 | $ 109,000 | $ 56,000 |
| Pine, Minnesota | 1 | $ 65,000 | $ 65,000 | $ 28,000 |
| Roseau, Minnesota | 1 | $ 80,000 | $ 80,000 | $ 46,000 |
| Winona, Minnesota | 1 | $ 190,000 | $ 190,000 | $ 78,000 |
| Burleigh, North Dakota | 1 | $ 109,000 | $ 109,000 | $ 40,000 |
| Grand Forks, North Dakota | 1 | $ 158,000 | $ 158,000 | $ 43,000 |
| Custer, South Dakota | 1 | $ 203,000 | $ 203,000 | $ 102,000 |
| Grant, South Dakota | 1 | $ 65,000 | $ 65,000 | $ 61,000 |
| Arlington, Virginia | 1 | $ 280,000 | $ 280,000 | $ 70,000 |
| Fairfax, Virginia | 1 | $ 165,000 | $ 165,000 | $ 35,000 |
| Hanover, Virginia | 1 | $ 221,000 | $ 221,000 | $ 46,000 |
| Prince William, Virginia | 1 | $ 179,000 | $ 179,000 | $ 59,000 |
| Richmond City, Virginia | 1 | $ 110,000 | $ 110,000 | $ 38,000 |
| Spotsylvania, Virginia | 1 | $ 140,000 | $ 140,000 | $ 48,000 |
| Ashland, Wisconsin | 1 | $ 58,000 | $ 58,000 | $ 31,000 |
| Brown, Wisconsin | 1 | $ 131,000 | $ 131,000 | $ 37,000 |
| Calumet, Wisconsin | 1 | $ 61,000 | $ 61,000 | $ 48,000 |
| Dunn, Wisconsin | 1 | $ 111,000 | $ 111,000 | $ 36,000 |
| Green Lake, Wisconsin | 1 | $ 180,000 | $ 180,000 | $ 63,000 |
| Kenosha, Wisconsin | 1 | $ 133,000 | $ 133,000 | $ 72,000 |
| Lincoln, Wisconsin | 1 | $ 50,000 | $ 50,000 | $ 13,000 |
| Manitowoc, Wisconsin | 1 | $ 62,000 | $ 62,000 | $ 46,000 |
| Oneida, Wisconsin | 1 | $ 106,000 | $ 106,000 | $ 48,000 |
| Pepin, Wisconsin | 1 | $ 55,000 | $ 55,000 | $ 52,000 |
| Portage, Wisconsin | 1 | $ 77,000 | $ 77,000 | $ 22,000 |
| Vernon, Wisconsin | 1 | $ 171,000 | $ 171,000 | $ 66,000 |
Mortgage Loan Application Detail Totals for Commonsense Mortgage, Inc. in 2005
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 | 294 | $51,358,000 | $169,818 | $850,000 | $65,090 | $1,371,000 |
| Home Purchase | 169 | $23,294,000 | $134,285 | $750,000 | $68,571 | $420,000 |
| Home Improvement | 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 | 248 | $39,068,000 | $148,181 | $750,000 | $63,818 | $1,371,000 |
| Not Provided | 124 | $20,251,000 | $174,500 | $850,000 | $68,625 | $1,009,000 |
| Hispanic | 46 | $7,772,000 | $177,800 | $444,000 | $68,400 | $150,000 |
| Black or African American | 35 | $5,813,000 | $141,000 | $450,000 | $54,333 | $137,000 |
| Asian | 9 | $1,572,000 | $191,333 | $297,000 | $85,666 | $168,000 |
| American Indian or Alaskan Native | 1 | $176,000 | $176,000 | $176,000 | $44,000 | $44,000 |
| 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) | 463 | $74,652,000 | $156,916 | $850,000 | $63,833 | $1,371,000 |
| 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 | 188 | $28,408,000 | $168,500 | $775,000 | $72,875 | $1,371,000 |
| Application Withdrawn By Applicant | 148 | $25,427,000 | $179,800 | $750,000 | $77,000 | $420,000 |
| Application Denied By Financial Institution | 126 | $20,636,000 | $146,545 | $850,000 | $54,727 | $437,000 |
| File Closed For Incompleteness | 1 | $181,000 | $181,000 | $181,000 | $56,000 | $56,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 45 | $6,932,000 | $150,000 | $434,000 | $64,571 | $437,000 |
| Collateral | 41 | $7,095,000 | $168,888 | $850,000 | $57,555 | $202,000 |
| Credit History | 28 | $4,136,000 | $140,428 | $395,000 | $43,857 | $121,000 |
| Unverifiable Information | 5 | $907,000 | $177,500 | $308,000 | $96,000 | $240,000 |
| Debt-To-Income Ratio | 3 | $917,000 | $305,666 | $750,000 | $65,000 | $96,000 |
| Employment History | 3 | $493,000 | $149,000 | $218,000 | $33,500 | $54,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $156,000 | $156,000 | $156,000 | $60,000 | $60,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Commonsense Mortgage, Inc.'s 2005 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 Commonsense Mortgage, Inc.'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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