Servion, Inc.
Mortgage Loan Application
Totals and Details
for 2021

Find mortgage loan statistics, lending data, and loan application totals for Minnesota.
The mortgage statistics and data below are specific to mortgage loan applications for Servion, Inc..
Search for mortgage lenders by state, county, or metropolitan area
and explore the loan application details and stats broken down by several loan categories from 2003-2021.

Mortgage Company & Address Servion, Inc.
500 Main Street
New Brighton, MN 55112
Tel #: available with data download
Federal Regulator * available with data download
Years 2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  
Total Number of Mortgage Applications 8,753
Total Mortgage Loan Application Amount $1,673,265,000
Average Mortgage Loan Application Amount $184,250
Highest Mortgage Loan Application Amount $1,805,000
Average Applicant Income $65,750
Highest Applicant Income $1,851,000

Overall mortgage application loan totals and averages for this lender are provided for each year by county, metro area, and the entire US.
The loan data is broken down by loan purpose, loan type, applicant race, application outcome, and denial reason. With this information, you can get a detailed view of locations where the mortgage lender is actively processing applications as well as the types and outcomes of loans from these applications.
As you search for mortgage loan stats and lending data in MN, the totals and averages will help you understand where the lender does business as well as the volume of business they do.

Mortgage Loan Application Totals for Servion, Inc. by Metropolitan Area in 2021

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
NA (OUTSIDE OF MSA/MD) 2,939 $ 482,055,000 $ 174,083 $ 84,361
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 1,640 $ 376,250,000 $ 228,500 $ 93,500
DULUTH, MN-WI 604 $ 100,110,000 $ 164,000 $ 74,500
LA CROSSE-ONALASKA, WI-MN 430 $ 84,350,000 $ 196,000 $ 97,500
ST. CLOUD, MN 218 $ 40,690,000 $ 186,000 $ 79,000
ROCHESTER, MN 206 $ 43,890,000 $ 213,000 $ 94,000
BILLINGS, MT 201 $ 47,695,000 $ 237,000 $ 97,000
ELGIN, IL 142 $ 27,540,000 $ 193,000 $ 100,000
SPRINGFIELD, MO 111 $ 22,465,000 $ 202,000 $ 84,000
TULSA, OK 109 $ 18,335,000 $ 168,000 $ 88,000
MILWAUKEE-WAUKESHA-WEST ALLIS, WI 108 $ 23,120,000 $ 214,000 $ 97,000
SHEBOYGAN, WI 98 $ 14,500,000 $ 147,000 $ 80,000
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 97 $ 16,715,000 $ 170,000 $ 78,500
OKLAHOMA CITY, OK 91 $ 18,105,000 $ 198,000 $ 80,000
PORTLAND-SOUTH PORTLAND, ME 77 $ 17,925,000 $ 232,000 $ 99,000
CEDAR RAPIDS, IA 70 $ 16,530,000 $ 236,000 $ 78,000
CHICAGO-NAPERVILLE, IL 66 $ 18,880,000 $ 286,000 $ 126,000
WAUSAU, WI 65 $ 11,995,000 $ 184,000 $ 96,000
INDIANAPOLIS-CARMEL-ANDERSON, IN 58 $ 8,700,000 $ 150,000 $ 59,000
KANSAS CITY, MO-KS 42 $ 7,020,000 $ 175,500 $ 85,500
LIMA, OH 42 $ 6,700,000 $ 159,000 $ 54,000
JANESVILLE-BELOIT, WI 41 $ 7,495,000 $ 182,000 $ 77,000
BLOOMINGTON, IL 40 $ 5,390,000 $ 134,000 $ 93,000
DES MOINES-WEST DES MOINES, IA 39 $ 10,755,000 $ 275,000 $ 135,000
RAPID CITY, SD 34 $ 7,730,000 $ 227,000 $ 87,000
SPOKANE-SPOKANE VALLEY, WA 34 $ 8,540,000 $ 251,000 $ 75,000
JOPLIN, MO 32 $ 4,900,000 $ 153,000 $ 76,000
MADISON, WI 32 $ 7,390,000 $ 230,000 $ 97,000
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 30 $ 3,800,000 $ 126,000 $ 66,000
LOUISVILLE/JEFFERSON COUNTY, KY-IN 30 $ 4,570,000 $ 152,000 $ 83,000
DENVER-AURORA-LAKEWOOD, CO 28 $ 8,960,000 $ 320,000 $ 136,000
SCRANTON--WILKES-BARRE--HAZLETON, PA 28 $ 4,040,000 $ 144,000 $ 83,000
ST. LOUIS, MO-IL 28 $ 5,000,000 $ 179,500 $ 71,500
GREENVILLE-ANDERSON-MAULDIN, SC 27 $ 3,825,000 $ 141,000 $ 69,000
COLUMBIA, SC 26 $ 3,810,000 $ 146,000 $ 98,000
DUBUQUE, IA 26 $ 4,590,000 $ 176,000 $ 66,000
OMAHA-COUNCIL BLUFFS, NE-IA 26 $ 5,560,000 $ 211,000 $ 71,000
IOWA CITY, IA 24 $ 6,370,000 $ 265,000 $ 92,000
LAFAYETTE-WEST LAFAYETTE, IN 24 $ 3,600,000 $ 150,000 $ 68,000
EAU CLAIRE, WI 21 $ 3,975,000 $ 189,000 $ 87,000
BAY CITY, MI 17 $ 1,845,000 $ 108,000 $ 52,000
CINCINNATI, OH-KY-IN 17 $ 2,645,000 $ 128,333 $ 75,333
HARRISONBURG, VA 17 $ 4,215,000 $ 247,000 $ 71,000
FOND DU LAC, WI 16 $ 1,910,000 $ 119,000 $ 59,000
CAPE CORAL-FORT MYERS, FL 14 $ 4,030,000 $ 287,000 $ 142,000
CLEVELAND-ELYRIA, OH 14 $ 2,730,000 $ 195,000 $ 115,000
BELLINGHAM, WA 13 $ 3,425,000 $ 263,000 $ 84,000
MICHIGAN CITY-LA PORTE, IN 13 $ 1,755,000 $ 135,000 $ 47,000
OAKLAND-HAYWARD-BERKELEY, CA 13 $ 5,265,000 $ 405,000 $ 138,000
HARTFORD-WEST HARTFORD-EAST HARTFORD, CT 12 $ 2,530,000 $ 210,000 $ 75,000
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 12 $ 3,440,000 $ 286,000 $ 137,000
MCALLEN-EDINBURG-MISSION, TX 12 $ 1,500,000 $ 125,000 $ 69,000
PEORIA, IL 12 $ 1,730,000 $ 144,000 $ 95,000
BROWNSVILLE-HARLINGEN, TX 11 $ 1,425,000 $ 129,000 $ 70,000
FARGO, ND-MN 11 $ 2,635,000 $ 240,000 $ 65,500
FORT WORTH-ARLINGTON, TX 11 $ 2,045,000 $ 185,000 $ 85,000
WARREN-TROY-FARMINGTON HILLS, MI 11 $ 1,935,000 $ 175,000 $ 56,000
CHARLOTTE-CONCORD-GASTONIA, NC-SC 10 $ 1,690,000 $ 169,000 $ 87,000
LONGVIEW, WA 10 $ 2,380,000 $ 238,000 $ 111,000
ATLANTA-SANDY SPRINGS-ROSWELL, GA 9 $ 2,535,000 $ 281,000 $ 154,000
DALLAS-PLANO-IRVING, TX 9 $ 1,595,000 $ 177,000 $ 97,000
EVANSVILLE, IN-KY 9 $ 1,325,000 $ 176,500 $ 55,000
GRAND FORKS, ND-MN 9 $ 1,575,000 $ 186,000 $ 65,000
ROCKFORD, IL 9 $ 1,215,000 $ 135,000 $ 71,000
AMARILLO, TX 8 $ 1,580,000 $ 197,000 $ 68,000
FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO 8 $ 1,680,000 $ 210,000 $ 85,000
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 8 $ 1,420,000 $ 177,000 $ 59,000
NORTH PORT-SARASOTA-BRADENTON, FL 8 $ 2,370,000 $ 296,000 $ 113,000
SEATTLE-BELLEVUE-EVERETT, WA 8 $ 2,150,000 $ 268,000 $ 111,000
TOLEDO, OH 8 $ 1,010,000 $ 126,000 $ 63,000
APPLETON, WI 7 $ 1,345,000 $ 192,000 $ 77,000
HOT SPRINGS, AR 7 $ 915,000 $ 130,000 $ 53,000
JEFFERSON CITY, MO 7 $ 1,225,000 $ 175,000 $ 71,000
KOKOMO, IN 7 $ 655,000 $ 93,000 $ 53,000
WATERLOO-CEDAR FALLS, IA 7 $ 1,535,000 $ 219,000 $ 111,000
BISMARCK, ND 6 $ 1,160,000 $ 193,000 $ 102,000
LEWISTON-AUBURN, ME 6 $ 1,410,000 $ 235,000 $ 86,000
SAN LUIS OBISPO-PASO ROBLES-ARROYO GRANDE, CA 6 $ 2,340,000 $ 390,000 $ 180,000
SOUTH BEND-MISHAWAKA, IN-MI 6 $ 870,000 $ 117,000 $ 57,000
AMES, IA 5 $ 1,005,000 $ 201,000 $ 102,000
FRESNO, CA 5 $ 1,715,000 $ 343,000 $ 110,000
GREEN BAY, WI 5 $ 895,000 $ 179,000 $ 87,000
KENNEWICK-RICHLAND, WA 5 $ 825,000 $ 165,000 $ 112,000
KNOXVILLE, TN 5 $ 1,075,000 $ 215,000 $ 117,000
OLYMPIA-TUMWATER, WA 5 $ 1,425,000 $ 285,000 $ 114,000
ORLANDO-KISSIMMEE-SANFORD, FL 5 $ 1,235,000 $ 247,000 $ 143,000
TACOMA-LAKEWOOD, WA 5 $ 895,000 $ 179,000 $ 74,000
TAMPA-ST. PETERSBURG-CLEARWATER, FL 5 $ 975,000 $ 195,000 $ 98,000
ALBUQUERQUE, NM 4 $ 520,000 $ 130,000 $ 62,000
COLUMBUS, OH 4 $ 1,080,000 $ 270,000 $ 89,000
DETROIT-DEARBORN-LIVONIA, MI 4 $ 600,000 $ 150,000 $ 110,000
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL 4 $ 1,220,000 $ 305,000 $ 106,000
FORT WAYNE, IN 4 $ 660,000 $ 165,000 $ 48,000
HICKORY-LENOIR-MORGANTON, NC 4 $ 430,000 $ 107,000 $ 116,000
LAKE COUNTY-KENOSHA COUNTY, IL-WI 4 $ 1,640,000 $ 358,000 $ 110,000
LAS VEGAS-HENDERSON-PARADISE, NV 4 $ 780,000 $ 195,000 $ 106,000
MORGANTOWN, WV 4 $ 400,000 $ 100,000 $ 70,000
MUNCIE, IN 4 $ 330,000 $ 82,000 $ 34,000
NILES-BENTON HARBOR, MI 4 $ 1,330,000 $ 332,000 $ 147,000
PHOENIX-MESA-SCOTTSDALE, AZ 4 $ 1,320,000 $ 330,000 $ 658,000
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 4 $ 1,350,000 $ 310,000 $ 96,000
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 4 $ 1,100,000 $ 275,000 $ 101,000
SACRAMENTO--ROSEVILLE--ARDEN-ARCADE, CA 4 $ 1,080,000 $ 270,000 $ 114,000
WICHITA FALLS, TX 4 $ 380,000 $ 95,000 $ 72,000
AKRON, OH 3 $ 695,000 $ 231,000 $ 109,000
GARY, IN 3 $ 425,000 $ 141,000 $ 55,000
HILTON HEAD ISLAND-BLUFFTON-BEAUFORT, SC 3 $ 1,095,000 $ 365,000 $ 338,000
LAWRENCE, KS 3 $ 525,000 $ 175,000 $ 130,000
LOS ANGELES-LONG BEACH-GLENDALE, CA 3 $ 685,000 $ 228,000 $ 189,000
MANKATO-NORTH MANKATO, MN 3 $ 615,000 $ 205,000 $ 137,000
NAPLES-IMMOKALEE-MARCO ISLAND, FL 3 $ 765,000 $ 255,000 $ 211,000
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 3 $ 835,000 $ 278,000 $ 75,000
PANAMA CITY, FL 3 $ 575,000 $ 191,000 $ 182,000
SAN ANTONIO-NEW BRAUNFELS, TX 3 $ 745,000 $ 248,000 $ 161,000
SIOUX FALLS, SD 3 $ 415,000 $ 138,000 $ 54,000
AUGUSTA-RICHMOND COUNTY, GA-SC 2 $ 360,000 $ 180,000 $ 80,000
BANGOR, ME 2 $ 310,000 $ 155,000 $ 36,000
BATON ROUGE, LA 2 $ 600,000 $ 300,000 $ 131,000
BOWLING GREEN, KY 2 $ 230,000 $ 115,000 $ 68,000
CAPE GIRARDEAU, MO-IL 2 $ 270,000 $ 135,000 $ 117,500
CHAMPAIGN-URBANA, IL 2 $ 350,000 $ 175,000 $ 89,000
CHICO, CA 2 $ 610,000 $ 305,000 $ 87,000
COEUR D'ALENE, ID 2 $ 690,000 $ 345,000 $ 99,000
COLUMBIA, MO 2 $ 190,000 $ 95,000 $ 61,000
DANVILLE, IL 2 $ 310,000 $ 155,000 $ 49,000
DAPHNE-FAIRHOPE-FOLEY, AL 2 $ 630,000 $ 315,000 $ 125,000
ELIZABETHTOWN-FORT KNOX, KY 2 $ 260,000 $ 130,000 $ 79,000
FAYETTEVILLE, NC 2 $ 290,000 $ 145,000 $ 48,000
FORT SMITH, AR-OK 2 $ 230,000 $ 115,000 $ 90,000
GREENSBORO-HIGH POINT, NC 2 $ 320,000 $ 160,000 $ 65,000
HATTIESBURG, MS 2 $ 490,000 $ 245,000 $ 147,000
JACKSON, TN 2 $ 330,000 $ 165,000 $ 135,000
KANKAKEE, IL 2 $ 340,000 $ 170,000 $ 72,000
LUBBOCK, TX 2 $ 250,000 $ 125,000 $ 42,000
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 2 $ 650,000 $ 325,000 $ 149,000
MOUNT VERNON-ANACORTES, WA 2 $ 400,000 $ 200,000 $ 130,000
NAPA, CA 2 $ 1,380,000 $ 690,000 $ 190,000
OSHKOSH-NEENAH, WI 2 $ 400,000 $ 200,000 $ 106,000
PENSACOLA-FERRY PASS-BRENT, FL 2 $ 470,000 $ 235,000 $ 146,000
RACINE, WI 2 $ 590,000 $ 295,000 $ 113,000
SAGINAW, MI 2 $ 290,000 $ 145,000 $ 43,000
SIOUX CITY, IA-NE-SD 2 $ 280,000 $ 140,000 $ 59,000
SPARTANBURG, SC 2 $ 270,000 $ 135,000 $ 52,000
SPRINGFIELD, IL 2 $ 260,000 $ 130,000 $ 135,000
STAUNTON-WAYNESBORO, VA 2 $ 610,000 $ 305,000 $ 116,000
SUMTER, SC 2 $ 180,000 $ 90,000 $ 77,000
VALLEJO-FAIRFIELD, CA 2 $ 800,000 $ 400,000 $ 120,000
WINSTON-SALEM, NC 2 $ 260,000 $ 130,000 $ 55,000
YORK-HANOVER, PA 2 $ 470,000 $ 235,000 $ 49,000
ANN ARBOR, MI 1 $ 165,000 $ 165,000 $ 84,000
AUSTIN-ROUND ROCK, TX 1 $ 275,000 $ 275,000 $ 175,000
BALTIMORE-COLUMBIA-TOWSON, MD 1 $ 545,000 $ 545,000 $ 371,000
BREMERTON-SILVERDALE, WA 1 $ 185,000 $ 185,000 $ 34,000
BRIDGEPORT-STAMFORD-NORWALK, CT 1 $ 505,000 $ 505,000 $ 203,000
BRUNSWICK, GA 1 $ 455,000 $ 455,000 $ 86,000
CALIFORNIA-LEXINGTON PARK, MD 1 $ 335,000 $ 335,000 $ 170,000
CAMDEN, NJ 1 $ 245,000 $ 245,000 $ 138,000
COLLEGE STATION-BRYAN, TX 1 $ 185,000 $ 185,000 $ 44,000
COLORADO SPRINGS, CO 1 $ 345,000 $ 345,000 $ 66,000
COLUMBUS, IN 1 $ 225,000 $ 225,000 $ 0
CORPUS CHRISTI, TX 1 $ 365,000 $ 365,000 $ 189,000
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 1 $ 75,000 $ 75,000 $ 90,000
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 1 $ 105,000 $ 105,000 $ 79,000
ENID, OK 1 $ 175,000 $ 175,000 $ 0
EUGENE, OR 1 $ 155,000 $ 155,000 $ 51,000
FLORENCE, SC 1 $ 175,000 $ 175,000 $ 43,000
FORT COLLINS, CO 1 $ 295,000 $ 295,000 $ 116,000
GAINESVILLE, GA 1 $ 445,000 $ 445,000 $ 256,000
GRAND JUNCTION, CO 1 $ 235,000 $ 235,000 $ 168,000
GREAT FALLS, MT 1 $ 195,000 $ 195,000 $ 54,000
GREELEY, CO 1 $ 505,000 $ 505,000 $ 94,000
HANFORD-CORCORAN, CA 1 $ 245,000 $ 245,000 $ 93,000
HARRISBURG-CARLISLE, PA 1 $ 285,000 $ 285,000 $ 133,000
HOMOSASSA SPRINGS, FL 1 $ 225,000 $ 225,000 $ 69,000
JACKSON, MI 1 $ 165,000 $ 165,000 $ 62,000
JACKSON, MS 1 $ 195,000 $ 195,000 $ 122,000
LAWTON, OK 1 $ 45,000 $ 45,000 $ 56,000
LINCOLN, NE 1 $ 165,000 $ 165,000 $ 36,000
LYNCHBURG, VA 1 $ 195,000 $ 195,000 $ 313,000
MADERA, CA 1 $ 205,000 $ 205,000 $ 43,000
MEDFORD, OR 1 $ 225,000 $ 225,000 $ 73,000
MERCED, CA 1 $ 245,000 $ 245,000 $ 116,000
MIAMI-MIAMI BEACH-KENDALL, FL 1 $ 165,000 $ 165,000 $ 79,000
MIDLAND, MI 1 $ 95,000 $ 95,000 $ 62,000
MODESTO, CA 1 $ 355,000 $ 355,000 $ 106,000
MONROE, MI 1 $ 145,000 $ 145,000 $ 120,000
NEW HAVEN-MILFORD, CT 1 $ 295,000 $ 295,000 $ 71,000
NEWARK, NJ-PA 1 $ 545,000 $ 545,000 $ 208,000
PALM BAY-MELBOURNE-TITUSVILLE, FL 1 $ 95,000 $ 95,000 $ 72,000
PORT ST. LUCIE, FL 1 $ 365,000 $ 365,000 $ 132,000
PRESCOTT VALLEY-PRESCOTT, AZ 1 $ 335,000 $ 335,000 $ 256,000
PUNTA GORDA, FL 1 $ 195,000 $ 195,000 $ 55,000
REDDING, CA 1 $ 255,000 $ 255,000 $ 132,000
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 1 $ 105,000 $ 105,000 $ 56,000
SAN FRANCISCO-REDWOOD CITY-SOUTH SAN FRANCISCO, CA 1 $ 315,000 $ 315,000 $ 132,000
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 1 $ 545,000 $ 545,000 $ 91,000
SANTA CRUZ-WATSONVILLE, CA 1 $ 195,000 $ 195,000 $ 244,000
SANTA MARIA-SANTA BARBARA, CA 1 $ 225,000 $ 225,000 $ 143,000
SANTA ROSA, CA 1 $ 395,000 $ 395,000 $ 110,000
SEBASTIAN-VERO BEACH, FL 1 $ 265,000 $ 265,000 $ 85,000
SHERMAN-DENISON, TX 1 $ 235,000 $ 235,000 $ 120,000
STATE COLLEGE, PA 1 $ 245,000 $ 245,000 $ 97,000
TUCSON, AZ 1 $ 295,000 $ 295,000 $ 182,000
TYLER, TX 1 $ 75,000 $ 75,000 $ 79,000
VINELAND-BRIDGETON, NJ 1 $ 135,000 $ 135,000 $ 0
VISALIA-PORTERVILLE, CA 1 $ 195,000 $ 195,000 $ 98,000
WACO, TX 1 $ 225,000 $ 225,000 $ 130,000
WARNER ROBINS, GA 1 $ 115,000 $ 115,000 $ 85,000
WASHINGTON-BALTIMORE-ARLINGTON, DC 1 $ 365,000 $ 365,000 $ 78,000
WICHITA, KS 1 $ 185,000 $ 185,000 $ 106,000
WILLIAMSPORT, PA 1 $ 105,000 $ 105,000 $ 43,000

The mortgage data stats below are displayed in sortable categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.
Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, the highest mortgage loan applied for within that category, the average income of the mortgage applicants, and the highest income of the mortgage applicants.
You can also download the entire list of mortgage lenders along with their aggregated lending data for the state of Minnesota, and search the same numbers and information back through 2003.

Mortgage Loan Application Detail Totals for Servion, Inc. in 2021

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 3,481 $698,415,000 $200,000 $755,000 $79,000 $1,211,000
Refinancing 2,834 $517,760,000 $182,000 $1,805,000 $91,000 $1,224,000
Cash-out Refinancing 2,435 $456,585,000 $187,000 $1,425,000 $93,000 $1,851,000
Not Applicable 3 $505,000 $168,000 $245,000 $0 $0
Other Purpose 0 $0 $0 $0 $0 $0
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 7,143 $1,359,745,000 $190,000 $1,805,000 $87,000 $1,224,000
Not Provided 842 $168,420,000 $200,000 $1,105,000 $86,000 $404,000
Hispanic 298 $55,240,000 $185,000 $1,005,000 $84,000 $1,851,000
Black or African American 273 $52,735,000 $193,000 $595,000 $85,000 $720,000
Asian 116 $22,570,000 $194,000 $805,000 $79,000 $298,000
American Indian or Alaskan Native 67 $11,525,000 $172,000 $415,000 $94,000 $962,000
Native Hawaiian or Other Pacific Islander 3 $465,000 $155,000 $245,000 $108,000 $148,000
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) 7,266 $1,389,940,000 $191,000 $1,805,000 $91,000 $1,851,000
FHA-insured (Federal Housing Administration) 808 $138,870,000 $171,000 $425,000 $62,000 $720,000
VA-guaranteed (Veterans Administration) 507 $118,935,000 $234,000 $595,000 $85,000 $1,224,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 172 $25,520,000 $148,000 $345,000 $51,000 $101,000

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 6,457 $1,260,115,000 $195,000 $1,105,000 $88,000 $1,851,000
Application Withdrawn By Applicant 1,183 $223,155,000 $188,000 $1,805,000 $87,000 $987,000
Loan Purchased By The Institution 789 $135,415,000 $171,000 $545,000 $0 $0
Application Denied By Financial Institution 230 $40,030,000 $174,000 $1,425,000 $63,000 $299,000
Preapproval Approved but not Accepted 38 $5,430,000 $142,000 $395,000 $56,000 $165,000
Application Approved But Not Accepted 31 $4,915,000 $158,000 $475,000 $67,000 $206,000
Preapproval Denied by Financial Institution 23 $3,875,000 $168,000 $405,000 $74,000 $720,000
File Closed For Incompleteness 2 $330,000 $165,000 $255,000 $45,000 $66,000

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
Not applicable 8,500 $1,629,360,000 $191,000 $1,805,000 $88,000 $1,851,000
Debt-To-Income Ratio 99 $18,645,000 $188,000 $1,425,000 $61,000 $720,000
Credit History 77 $12,945,000 $168,000 $405,000 $66,000 $197,000
Collateral 35 $5,245,000 $149,000 $305,000 $71,000 $299,000
Other 21 $3,485,000 $165,000 $425,000 $74,000 $268,000
Employment History 14 $2,540,000 $181,000 $345,000 $47,000 $87,000
Insufficient Cash (Downpayment, Closing Cost) 6 $910,000 $151,000 $205,000 $48,000 $83,000
Unverifiable Information 1 $135,000 $135,000 $135,000 $44,000 $44,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

These totals and details for mortgage applications will give you a better idea of what to expect when researching mortgage lenders. Whether you are looking for a home loan, for home refinancing, or for home improvement loan statistics, we have the information you need. This mortgage loan data gives you everything you need to know as you start your search for the best lenders in MN, and gives you an idea of what the best mortgage lenders really are.

If you prefer, you can download a copy of the entire list of mortgage lenders in Minnesota, and search similar information at your convenience.

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