Frandsen Bank & Trust Mortgage Lending & HMDA Data, 2025
In 2025, Frandsen Bank & Trust of Lonsdale, MN reported 1,535 mortgage applications totaling $388.1 million, up 9% from 2024. The average application was for $252,824, and applicants reported an average income of $171,848. 77% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (350), Duluth, MN-WI (276) and Rochester, MN (80) (applications in parentheses).
| Mortgage Company & Address | Frandsen Bank & Trust 116 Central Street West Lonsdale, MN 55046 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 |
| Total Number of Mortgage Applications | 1,535 |
| Total Mortgage Loan Application Amount | $388,085,000 |
| Average Mortgage Loan Application Amount | $252,824 |
| Highest Mortgage Loan Application Amount | $4,705,000 |
| Average Applicant Income | $171,848 |
| Highest Applicant Income | $5,282,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Frandsen Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| St. Louis, Minnesota | 211 | $ 47,735,000 | $ 226,232 | $ 171,000 |
| Hennepin, Minnesota | 79 | $ 32,255,000 | $ 408,291 | $ 255,000 |
| Crow Wing, Minnesota | 61 | $ 17,135,000 | $ 280,901 | $ 184,000 |
| Goodhue, Minnesota | 58 | $ 9,380,000 | $ 161,724 | $ 114,000 |
| Olmsted, Minnesota | 57 | $ 13,025,000 | $ 228,508 | $ 128,000 |
| Rice, Minnesota | 51 | $ 8,535,000 | $ 167,352 | $ 119,000 |
| Sawyer, Wisconsin | 51 | $ 14,885,000 | $ 291,862 | $ 215,000 |
| Scott, Minnesota | 50 | $ 15,960,000 | $ 319,200 | $ 208,000 |
| Carlton, Minnesota | 47 | $ 9,725,000 | $ 206,914 | $ 112,000 |
| Brown, Minnesota | 46 | $ 5,720,000 | $ 124,347 | $ 149,000 |
| Le Sueur, Minnesota | 45 | $ 9,355,000 | $ 207,888 | $ 128,000 |
| Polk, Wisconsin | 40 | $ 6,610,000 | $ 165,250 | $ 135,000 |
| Polk, Minnesota | 39 | $ 7,575,000 | $ 194,230 | $ 157,000 |
| Grand Forks, North Dakota | 39 | $ 6,665,000 | $ 170,897 | $ 124,000 |
| Pine, Minnesota | 35 | $ 9,295,000 | $ 265,571 | $ 159,000 |
| Dakota, Minnesota | 34 | $ 8,630,000 | $ 253,823 | $ 199,000 |
| Blue Earth, Minnesota | 27 | $ 10,775,000 | $ 399,074 | $ 130,000 |
| Isanti, Minnesota | 27 | $ 6,925,000 | $ 256,481 | $ 169,000 |
| Eau Claire, Wisconsin | 27 | $ 6,525,000 | $ 241,666 | $ 229,000 |
| Cass, Minnesota | 25 | $ 6,735,000 | $ 269,400 | $ 417,000 |
| Nicollet, Minnesota | 24 | $ 4,600,000 | $ 191,666 | $ 129,000 |
| Washington, Minnesota | 22 | $ 12,810,000 | $ 582,272 | $ 170,000 |
| Benton, Minnesota | 21 | $ 3,655,000 | $ 174,047 | $ 102,000 |
| Chisago, Minnesota | 20 | $ 5,150,000 | $ 257,500 | $ 160,000 |
| Anoka, Minnesota | 18 | $ 5,240,000 | $ 291,111 | $ 146,000 |
| Renville, Minnesota | 18 | $ 1,870,000 | $ 103,888 | $ 75,000 |
| Douglas, Wisconsin | 18 | $ 5,330,000 | $ 296,111 | $ 135,000 |
| Ramsey, Minnesota | 17 | $ 4,625,000 | $ 272,058 | $ 138,000 |
| Big Stone, Minnesota | 16 | $ 1,720,000 | $ 107,500 | $ 91,000 |
| Marshall, Minnesota | 14 | $ 1,350,000 | $ 96,428 | $ 145,000 |
| Norman, Minnesota | 13 | $ 1,785,000 | $ 137,307 | $ 100,000 |
| Burnett, Wisconsin | 13 | $ 1,565,000 | $ 120,384 | $ 158,000 |
| Dodge, Minnesota | 11 | $ 2,665,000 | $ 242,272 | $ 181,000 |
| Kanabec, Minnesota | 11 | $ 1,905,000 | $ 173,181 | $ 94,000 |
| Mille Lacs, Minnesota | 11 | $ 1,925,000 | $ 175,000 | $ 114,000 |
| Wabasha, Minnesota | 11 | $ 1,825,000 | $ 165,909 | $ 136,000 |
| Barron, Wisconsin | 11 | $ 2,735,000 | $ 248,636 | $ 146,000 |
| Carver, Minnesota | 9 | $ 4,005,000 | $ 445,000 | $ 260,000 |
| Stearns, Minnesota | 8 | $ 2,000,000 | $ 250,000 | $ 160,000 |
| Chippewa, Wisconsin | 8 | $ 2,540,000 | $ 317,500 | $ 247,000 |
| Aitkin, Minnesota | 7 | $ 2,175,000 | $ 310,714 | $ 401,000 |
| Lake, Minnesota | 7 | $ 1,275,000 | $ 182,142 | $ 173,000 |
| Waseca, Minnesota | 7 | $ 2,295,000 | $ 327,857 | $ 104,000 |
| St. Croix, Wisconsin | 7 | $ 2,025,000 | $ 289,285 | $ 140,000 |
| Washburn, Wisconsin | 7 | $ 2,475,000 | $ 353,571 | $ 193,000 |
| Bayfield, Wisconsin | 6 | $ 1,760,000 | $ 293,333 | $ 186,000 |
| Beltrami, Minnesota | 5 | $ 1,035,000 | $ 207,000 | $ 165,000 |
| Cook, Minnesota | 5 | $ 1,405,000 | $ 281,000 | $ 199,000 |
| Hubbard, Minnesota | 5 | $ 2,345,000 | $ 469,000 | $ 324,000 |
| Itasca, Minnesota | 5 | $ 1,615,000 | $ 323,000 | $ 380,000 |
| Morrison, Minnesota | 5 | $ 1,815,000 | $ 363,000 | $ 147,000 |
| Sherburne, Minnesota | 5 | $ 1,735,000 | $ 347,000 | $ 131,000 |
| Wright, Minnesota | 5 | $ 2,155,000 | $ 431,000 | $ 207,000 |
| Milwaukee, Wisconsin | 5 | $ 1,295,000 | $ 259,000 | $ 449,000 |
| Steele, Minnesota | 4 | $ 940,000 | $ 235,000 | $ 97,000 |
| Grant, South Dakota | 4 | $ 870,000 | $ 217,500 | $ 102,000 |
| Hillsborough, Florida | 3 | $ 4,705,000 | $ 1,568,333 | $ 413,000 |
| Clay, Minnesota | 3 | $ 855,000 | $ 285,000 | $ 136,000 |
| Kandiyohi, Minnesota | 3 | $ 1,275,000 | $ 425,000 | $ 358,000 |
| Otter Tail, Minnesota | 3 | $ 1,035,000 | $ 345,000 | $ 250,000 |
| Winona, Minnesota | 3 | $ 525,000 | $ 175,000 | $ 94,000 |
| Cass, North Dakota | 3 | $ 2,265,000 | $ 755,000 | $ 353,000 |
| Waushara, Wisconsin | 3 | $ 445,000 | $ 148,333 | $ 70,000 |
| Pinellas, Florida | 2 | $ 850,000 | $ 425,000 | $ 301,000 |
| Sumter, Florida | 2 | $ 990,000 | $ 495,000 | $ 164,000 |
| Chippewa, Minnesota | 2 | $ 360,000 | $ 180,000 | $ 217,000 |
| Grant, Minnesota | 2 | $ 370,000 | $ 185,000 | $ 91,000 |
| McLeod, Minnesota | 2 | $ 530,000 | $ 265,000 | $ 126,000 |
| Redwood, Minnesota | 2 | $ 570,000 | $ 285,000 | $ 146,000 |
| Roseau, Minnesota | 2 | $ 400,000 | $ 200,000 | $ 126,000 |
| Sibley, Minnesota | 2 | $ 420,000 | $ 210,000 | $ 145,000 |
| Swift, Minnesota | 2 | $ 540,000 | $ 270,000 | $ 123,000 |
| Burleigh, North Dakota | 2 | $ 420,000 | $ 210,000 | $ 149,000 |
| Nelson, North Dakota | 2 | $ 350,000 | $ 175,000 | $ 296,000 |
| Traill, North Dakota | 2 | $ 380,000 | $ 190,000 | $ 109,000 |
| Ashland, Wisconsin | 2 | $ 230,000 | $ 115,000 | $ 197,000 |
| Waukesha, Wisconsin | 2 | $ 1,060,000 | $ 530,000 | $ 346,000 |
| Maricopa, Arizona | 1 | $ 175,000 | $ 175,000 | $ 157,000 |
| Orange, California | 1 | $ 435,000 | $ 435,000 | $ 573,000 |
| Riverside, California | 1 | $ 1,315,000 | $ 1,315,000 | $ 550,000 |
| La Plata, Colorado | 1 | $ 675,000 | $ 675,000 | $ 463,000 |
| Weld, Colorado | 1 | $ 435,000 | $ 435,000 | $ 129,000 |
| Charlotte, Florida | 1 | $ 355,000 | $ 355,000 | $ 299,000 |
| Collier, Florida | 1 | $ 245,000 | $ 245,000 | $ 187,000 |
| Hernando, Florida | 1 | $ 535,000 | $ 535,000 | $ 363,000 |
| Lee, Florida | 1 | $ 805,000 | $ 805,000 | $ 676,000 |
| Marion, Florida | 1 | $ 45,000 | $ 45,000 | $ 84,000 |
| Sarasota, Florida | 1 | $ 225,000 | $ 225,000 | $ 180,000 |
| St. Lucie, Florida | 1 | $ 425,000 | $ 425,000 | $ 62,000 |
| Dickinson, Iowa | 1 | $ 505,000 | $ 505,000 | $ 265,000 |
| Howard, Iowa | 1 | $ 245,000 | $ 245,000 | $ 102,000 |
| Lyon, Iowa | 1 | $ 85,000 | $ 85,000 | $ 47,000 |
| Winnebago, Iowa | 1 | $ 25,000 | $ 25,000 | $ 88,000 |
| Houghton, Michigan | 1 | $ 2,405,000 | $ 2,405,000 | $ 0 |
| Becker, Minnesota | 1 | $ 125,000 | $ 125,000 | $ 80,000 |
| Douglas, Minnesota | 1 | $ 385,000 | $ 385,000 | $ 204,000 |
| Faribault, Minnesota | 1 | $ 105,000 | $ 105,000 | $ 61,000 |
| Fillmore, Minnesota | 1 | $ 65,000 | $ 65,000 | $ 133,000 |
| Kittson, Minnesota | 1 | $ 65,000 | $ 65,000 | $ 82,000 |
| Koochiching, Minnesota | 1 | $ 115,000 | $ 115,000 | $ 191,000 |
| Lyon, Minnesota | 1 | $ 185,000 | $ 185,000 | $ 117,000 |
| Murray, Minnesota | 1 | $ 505,000 | $ 505,000 | $ 252,000 |
| Pennington, Minnesota | 1 | $ 395,000 | $ 395,000 | $ 0 |
| Pipestone, Minnesota | 1 | $ 755,000 | $ 755,000 | $ 286,000 |
| Stevens, Minnesota | 1 | $ 275,000 | $ 275,000 | $ 130,000 |
| Yellow Medicine, Minnesota | 1 | $ 205,000 | $ 205,000 | $ 86,000 |
| Barnes, North Dakota | 1 | $ 125,000 | $ 125,000 | $ 64,000 |
| Cavalier, North Dakota | 1 | $ 325,000 | $ 325,000 | $ 115,000 |
| Griggs, North Dakota | 1 | $ 225,000 | $ 225,000 | $ 117,000 |
| Pembina, North Dakota | 1 | $ 105,000 | $ 105,000 | $ 69,000 |
| Ward, North Dakota | 1 | $ 645,000 | $ 645,000 | $ 697,000 |
| Codington, South Dakota | 1 | $ 55,000 | $ 55,000 | $ 135,000 |
| Lawrence, South Dakota | 1 | $ 805,000 | $ 805,000 | $ 1,038,000 |
| Lincoln, South Dakota | 1 | $ 585,000 | $ 585,000 | $ 815,000 |
| Roberts, South Dakota | 1 | $ 165,000 | $ 165,000 | $ 145,000 |
| Columbia, Wisconsin | 1 | $ 295,000 | $ 295,000 | $ 70,000 |
| Dane, Wisconsin | 1 | $ 45,000 | $ 45,000 | $ 133,000 |
| Dunn, Wisconsin | 1 | $ 585,000 | $ 585,000 | $ 265,000 |
| Iron, Wisconsin | 1 | $ 85,000 | $ 85,000 | $ 178,000 |
| Jackson, Wisconsin | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Kewaunee, Wisconsin | 1 | $ 95,000 | $ 95,000 | $ 86,000 |
| La Crosse, Wisconsin | 1 | $ 575,000 | $ 575,000 | $ 504,000 |
| Langlade, Wisconsin | 1 | $ 505,000 | $ 505,000 | $ 526,000 |
| Manitowoc, Wisconsin | 1 | $ 855,000 | $ 855,000 | $ 807,000 |
| Pierce, Wisconsin | 1 | $ 85,000 | $ 85,000 | $ 381,000 |
| Racine, Wisconsin | 1 | $ 305,000 | $ 305,000 | $ 140,000 |
| Rusk, Wisconsin | 1 | $ 145,000 | $ 145,000 | $ 92,000 |
| Trempealeau, Wisconsin | 1 | $ 325,000 | $ 325,000 | $ 250,000 |
| Waupaca, Wisconsin | 1 | $ 235,000 | $ 235,000 | $ 196,000 |
Mortgage Loan Application Detail Totals for Frandsen Bank & Trust in 2025
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 | 849 | $285,455,000 | $336,000 | $4,705,000 | $188,000 | $3,830,000 |
| Home Improvement | 299 | $27,065,000 | $90,000 | $1,005,000 | $143,000 | $896,000 |
| Other Purpose | 174 | $17,820,000 | $102,000 | $645,000 | $139,000 | $1,595,000 |
| Refinancing | 158 | $45,800,000 | $289,000 | $2,405,000 | $189,000 | $5,282,000 |
| Cash-out Refinancing | 55 | $11,945,000 | $217,000 | $665,000 | $134,000 | $1,116,000 |
| Not Applicable | 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 | 1,274 | $301,130,000 | $236,000 | $2,635,000 | $170,000 | $5,282,000 |
| Not applicable | 106 | $42,070,000 | $396,000 | $4,705,000 | $0 | $0 |
| Not Provided | 68 | $20,070,000 | $295,000 | $1,675,000 | $228,000 | $1,596,000 |
| Hispanic | 31 | $7,825,000 | $252,000 | $2,085,000 | $104,000 | $527,000 |
| Black or African American | 24 | $5,780,000 | $240,000 | $605,000 | $89,000 | $209,000 |
| Asian | 19 | $7,265,000 | $382,000 | $825,000 | $298,000 | $699,000 |
| American Indian or Alaskan Native | 11 | $3,575,000 | $325,000 | $955,000 | $157,000 | $487,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $370,000 | $185,000 | $265,000 | $170,000 | $197,000 |
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) | 1,520 | $384,980,000 | $253,000 | $4,705,000 | $172,000 | $5,282,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 13 | $2,835,000 | $218,000 | $325,000 | $82,000 | $110,000 |
| FHA-insured (Federal Housing Administration) | 2 | $270,000 | $135,000 | $175,000 | $66,000 | $96,000 |
| 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 | 1,178 | $298,340,000 | $253,000 | $2,635,000 | $171,000 | $1,846,000 |
| Application Withdrawn By Applicant | 237 | $69,265,000 | $292,000 | $4,705,000 | $200,000 | $5,282,000 |
| Application Denied By Financial Institution | 102 | $15,650,000 | $153,000 | $2,405,000 | $98,000 | $468,000 |
| Application Approved But Not Accepted | 9 | $1,405,000 | $156,000 | $385,000 | $108,000 | $210,000 |
| File Closed For Incompleteness | 7 | $2,845,000 | $406,000 | $1,675,000 | $320,000 | $1,596,000 |
| Loan Purchased By The Institution | 2 | $580,000 | $290,000 | $395,000 | $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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,049 | $331,705,000 | $316,000 | $4,705,000 | $184,000 | $5,282,000 |
| Debt-To-Income Ratio | 463 | $50,515,000 | $109,000 | $1,205,000 | $148,000 | $1,846,000 |
| Credit History | 14 | $2,410,000 | $172,000 | $485,000 | $104,000 | $413,000 |
| Other | 3 | $2,675,000 | $891,000 | $2,405,000 | $73,000 | $98,000 |
| Collateral | 3 | $145,000 | $48,000 | $65,000 | $84,000 | $112,000 |
| Employment History | 2 | $410,000 | $205,000 | $305,000 | $28,000 | $56,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $225,000 | $225,000 | $225,000 | $106,000 | $106,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Frandsen Bank & Trust's 2025 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 Frandsen Bank & Trust'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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with aggregated HMDA statistics today.
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