Frandsen Bank & Trust
HMDA Loan Application Totals
and Mortgage Lending Details
for 2021
Frandsen Bank & Trust 2021 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| 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 | 2023 2022 2021 2020 2019 2018 2017 2016 2015 |
| Total Number of Mortgage Applications | 2,492 |
| Total Mortgage Loan Application Amount | $544,040,000 |
| Average Mortgage Loan Application Amount | $179,400 |
| Highest Mortgage Loan Application Amount | $2,745,000 |
| Average Applicant Income | $115,200 |
| Highest Applicant Income | $2,196,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2021 with Frandsen Bank & Trust. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Frandsen Bank & Trust's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2021 breaks down Frandsen Bank & Trust's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Frandsen Bank & Trust serves its applicants.
Each category highlights the total number of mortgage applications processed by Frandsen Bank & Trust, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Frandsen Bank & Trust's mortgage activity for 2021.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| St. Louis County Minnesota | 353 | $ 72,865,000 | $ 206,000 | $ 115,000 |
| Rice County Minnesota | 115 | $ 25,635,000 | $ 222,000 | $ 103,000 |
| Crow Wing County Minnesota | 114 | $ 26,650,000 | $ 233,000 | $ 115,000 |
| Scott County Minnesota | 104 | $ 29,110,000 | $ 279,000 | $ 132,000 |
| Dakota County Minnesota | 101 | $ 27,315,000 | $ 270,000 | $ 140,000 |
| Brown County Minnesota | 100 | $ 14,950,000 | $ 149,000 | $ 92,000 |
| Le Sueur County Minnesota | 95 | $ 19,875,000 | $ 209,000 | $ 130,000 |
| Grand Forks County North Dakota | 95 | $ 18,055,000 | $ 190,000 | $ 84,000 |
| Carlton County Minnesota | 88 | $ 19,100,000 | $ 217,000 | $ 118,000 |
| Polk County Minnesota | 87 | $ 15,855,000 | $ 182,000 | $ 108,000 |
| Hennepin County Minnesota | 79 | $ 24,935,000 | $ 315,000 | $ 181,000 |
| Blue Earth County Minnesota | 67 | $ 13,845,000 | $ 206,000 | $ 102,000 |
| Pine County Minnesota | 60 | $ 8,830,000 | $ 147,000 | $ 72,000 |
| Ramsey County Minnesota | 56 | $ 18,350,000 | $ 327,000 | $ 179,000 |
| Sawyer County Wisconsin | 55 | $ 10,245,000 | $ 186,000 | $ 94,000 |
| Polk County Wisconsin | 50 | $ 8,220,000 | $ 164,000 | $ 86,000 |
| Anoka County Minnesota | 49 | $ 14,425,000 | $ 294,000 | $ 171,000 |
| Isanti County Minnesota | 48 | $ 8,810,000 | $ 183,000 | $ 90,000 |
| Chisago County Minnesota | 46 | $ 9,040,000 | $ 196,000 | $ 96,000 |
| Eau Claire County Wisconsin | 46 | $ 12,200,000 | $ 265,000 | $ 224,000 |
| Nicollet County Minnesota | 44 | $ 8,380,000 | $ 190,000 | $ 93,000 |
| Benton County Minnesota | 39 | $ 6,035,000 | $ 154,000 | $ 75,000 |
| Washington County Minnesota | 37 | $ 12,805,000 | $ 346,000 | $ 186,000 |
| Douglas County Wisconsin | 37 | $ 6,785,000 | $ 183,000 | $ 114,000 |
| Cass County Minnesota | 29 | $ 5,975,000 | $ 206,000 | $ 100,000 |
| Kanabec County Minnesota | 27 | $ 3,835,000 | $ 142,000 | $ 99,000 |
| Marshall County Minnesota | 27 | $ 3,245,000 | $ 120,000 | $ 77,000 |
| Renville County Minnesota | 25 | $ 2,755,000 | $ 110,000 | $ 74,000 |
| Lake County Minnesota | 24 | $ 4,780,000 | $ 199,000 | $ 123,000 |
| Norman County Minnesota | 19 | $ 1,985,000 | $ 104,000 | $ 86,000 |
| Carver County Minnesota | 18 | $ 4,410,000 | $ 245,000 | $ 119,000 |
| Sherburne County Minnesota | 17 | $ 3,955,000 | $ 232,000 | $ 107,000 |
| Burnett County Wisconsin | 16 | $ 2,650,000 | $ 165,000 | $ 125,000 |
| Big Stone County Minnesota | 14 | $ 2,120,000 | $ 151,000 | $ 109,000 |
| Stearns County Minnesota | 13 | $ 2,535,000 | $ 195,000 | $ 163,000 |
| Bayfield County Wisconsin | 13 | $ 1,835,000 | $ 141,000 | $ 170,000 |
| Mille Lacs County Minnesota | 12 | $ 3,120,000 | $ 260,000 | $ 170,000 |
| Barron County Wisconsin | 12 | $ 2,390,000 | $ 199,000 | $ 83,000 |
| Aitkin County Minnesota | 11 | $ 2,275,000 | $ 206,000 | $ 153,000 |
| Itasca County Minnesota | 11 | $ 2,245,000 | $ 204,000 | $ 124,000 |
| McLeod County Minnesota | 11 | $ 2,185,000 | $ 198,000 | $ 142,000 |
| Wright County Minnesota | 11 | $ 2,475,000 | $ 225,000 | $ 146,000 |
| Chippewa County Wisconsin | 11 | $ 3,155,000 | $ 286,000 | $ 246,000 |
| Washburn County Wisconsin | 10 | $ 1,900,000 | $ 190,000 | $ 123,000 |
| Waseca County Minnesota | 9 | $ 1,445,000 | $ 160,000 | $ 81,000 |
| Hubbard County Minnesota | 8 | $ 1,750,000 | $ 218,000 | $ 149,000 |
| Sibley County Minnesota | 8 | $ 1,440,000 | $ 180,000 | $ 65,000 |
| Maricopa County Arizona | 7 | $ 1,775,000 | $ 253,000 | $ 166,000 |
| Becker County Minnesota | 7 | $ 2,515,000 | $ 359,000 | $ 171,000 |
| Morrison County Minnesota | 7 | $ 875,000 | $ 125,000 | $ 155,000 |
| Olmsted County Minnesota | 7 | $ 1,525,000 | $ 217,000 | $ 174,000 |
| St. Croix County Wisconsin | 7 | $ 1,515,000 | $ 216,000 | $ 126,000 |
| Lee County Florida | 6 | $ 1,670,000 | $ 278,000 | $ 153,000 |
| Ashland County Wisconsin | 6 | $ 1,370,000 | $ 228,000 | $ 146,000 |
| Pierce County Wisconsin | 6 | $ 1,860,000 | $ 310,000 | $ 172,000 |
| Beltrami County Minnesota | 5 | $ 1,435,000 | $ 287,000 | $ 110,000 |
| Faribault County Minnesota | 5 | $ 565,000 | $ 113,000 | $ 55,000 |
| Pennington County Minnesota | 5 | $ 985,000 | $ 197,000 | $ 85,000 |
| Steele County Minnesota | 5 | $ 845,000 | $ 169,000 | $ 191,000 |
| Waukesha County Wisconsin | 5 | $ 2,995,000 | $ 599,000 | $ 568,000 |
| Cook County Minnesota | 4 | $ 1,020,000 | $ 255,000 | $ 138,000 |
| Douglas County Minnesota | 4 | $ 1,210,000 | $ 302,000 | $ 218,000 |
| Cass County North Dakota | 4 | $ 1,270,000 | $ 317,000 | $ 286,000 |
| Indian River County Florida | 3 | $ 605,000 | $ 201,000 | $ 160,000 |
| Otter Tail County Minnesota | 3 | $ 1,255,000 | $ 418,000 | $ 278,000 |
| Redwood County Minnesota | 3 | $ 655,000 | $ 218,000 | $ 118,000 |
| Wadena County Minnesota | 3 | $ 305,000 | $ 101,000 | $ 66,000 |
| Traill County North Dakota | 3 | $ 375,000 | $ 125,000 | $ 59,000 |
| Milwaukee County Wisconsin | 3 | $ 1,085,000 | $ 361,000 | $ 261,000 |
| Mohave County Arizona | 2 | $ 470,000 | $ 235,000 | $ 132,000 |
| Pima County Arizona | 2 | $ 470,000 | $ 235,000 | $ 234,000 |
| Collier County Florida | 2 | $ 620,000 | $ 310,000 | $ 375,000 |
| Okaloosa County Florida | 2 | $ 1,430,000 | $ 715,000 | $ 216,000 |
| Polk County Iowa | 2 | $ 650,000 | $ 325,000 | $ 141,000 |
| Dodge County Minnesota | 2 | $ 500,000 | $ 250,000 | $ 137,000 |
| Kandiyohi County Minnesota | 2 | $ 600,000 | $ 300,000 | $ 182,000 |
| Mahnomen County Minnesota | 2 | $ 250,000 | $ 125,000 | $ 197,000 |
| Richland County North Dakota | 2 | $ 340,000 | $ 170,000 | $ 51,000 |
| Dane County Wisconsin | 2 | $ 910,000 | $ 455,000 | $ 225,000 |
| Yavapai County Arizona | 1 | $ 355,000 | $ 355,000 | $ 61,000 |
| Orange County California | 1 | $ 545,000 | $ 545,000 | $ 179,000 |
| Arapahoe County Colorado | 1 | $ 325,000 | $ 325,000 | $ 79,000 |
| Escambia County Florida | 1 | $ 185,000 | $ 185,000 | $ 133,000 |
| Palm Beach County Florida | 1 | $ 735,000 | $ 735,000 | $ 0 |
| Pasco County Florida | 1 | $ 205,000 | $ 205,000 | $ 112,000 |
| Pinellas County Florida | 1 | $ 45,000 | $ 45,000 | $ 130,000 |
| St. Johns County Florida | 1 | $ 685,000 | $ 685,000 | $ 291,000 |
| Cerro Gordo County Iowa | 1 | $ 115,000 | $ 115,000 | $ 36,000 |
| Franklin County Iowa | 1 | $ 195,000 | $ 195,000 | $ 0 |
| Cumberland County Maine | 1 | $ 545,000 | $ 545,000 | $ 319,000 |
| Gogebic County Michigan | 1 | $ 155,000 | $ 155,000 | $ 93,000 |
| Chippewa County Minnesota | 1 | $ 605,000 | $ 605,000 | $ 0 |
| Clay County Minnesota | 1 | $ 335,000 | $ 335,000 | $ 419,000 |
| Cottonwood County Minnesota | 1 | $ 305,000 | $ 305,000 | $ 121,000 |
| Freeborn County Minnesota | 1 | $ 235,000 | $ 235,000 | $ 168,000 |
| Goodhue County Minnesota | 1 | $ 305,000 | $ 305,000 | $ 78,000 |
| Lac qui Parle County Minnesota | 1 | $ 115,000 | $ 115,000 | $ 122,000 |
| Lincoln County Minnesota | 1 | $ 45,000 | $ 45,000 | $ 116,000 |
| Martin County Minnesota | 1 | $ 195,000 | $ 195,000 | $ 124,000 |
| Meeker County Minnesota | 1 | $ 125,000 | $ 125,000 | $ 43,000 |
| Pope County Minnesota | 1 | $ 175,000 | $ 175,000 | $ 170,000 |
| Roseau County Minnesota | 1 | $ 45,000 | $ 45,000 | $ 70,000 |
| Stevens County Minnesota | 1 | $ 105,000 | $ 105,000 | $ 49,000 |
| Traverse County Minnesota | 1 | $ 105,000 | $ 105,000 | $ 121,000 |
| Winona County Minnesota | 1 | $ 315,000 | $ 315,000 | $ 138,000 |
| Cabarrus County North Carolina | 1 | $ 1,085,000 | $ 1,085,000 | $ 0 |
| Burleigh County North Dakota | 1 | $ 305,000 | $ 305,000 | $ 87,000 |
| Dickey County North Dakota | 1 | $ 135,000 | $ 135,000 | $ 76,000 |
| Walsh County North Dakota | 1 | $ 85,000 | $ 85,000 | $ 36,000 |
| Codington County South Dakota | 1 | $ 375,000 | $ 375,000 | $ 118,000 |
| Grant County South Dakota | 1 | $ 165,000 | $ 165,000 | $ 34,000 |
| Door County Wisconsin | 1 | $ 425,000 | $ 425,000 | $ 768,000 |
| Dunn County Wisconsin | 1 | $ 55,000 | $ 55,000 | $ 41,000 |
| Iron County Wisconsin | 1 | $ 205,000 | $ 205,000 | $ 159,000 |
| La Crosse County Wisconsin | 1 | $ 745,000 | $ 745,000 | $ 315,000 |
| Marathon County Wisconsin | 1 | $ 595,000 | $ 595,000 | $ 384,000 |
| Oneida County Wisconsin | 1 | $ 295,000 | $ 295,000 | $ 108,000 |
| Rock County Wisconsin | 1 | $ 155,000 | $ 155,000 | $ 116,000 |
| Trempealeau County Wisconsin | 1 | $ 885,000 | $ 885,000 | $ 407,000 |
| Walworth County Wisconsin | 1 | $ 455,000 | $ 455,000 | $ 279,000 |
| Waushara County Wisconsin | 1 | $ 115,000 | $ 115,000 | $ 56,000 |
| Wood County Wisconsin | 1 | $ 135,000 | $ 135,000 | $ 64,000 |
Mortgage Loan Application Detail Totals for Frandsen Bank & Trust 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 |
|---|---|---|---|---|---|---|
| Refinancing | 1,017 | $228,655,000 | $224,000 | $2,745,000 | $130,000 | $2,196,000 |
| Home Purchase | 826 | $191,360,000 | $231,000 | $1,835,000 | $127,000 | $1,798,000 |
| Cash-out Refinancing | 554 | $111,810,000 | $201,000 | $765,000 | $101,000 | $1,065,000 |
| Other Purpose | 57 | $9,075,000 | $159,000 | $1,005,000 | $124,000 | $700,000 |
| Home Improvement | 38 | $3,140,000 | $82,000 | $405,000 | $94,000 | $365,000 |
| 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 | 2,170 | $461,540,000 | $212,000 | $1,385,000 | $119,000 | $2,196,000 |
| Not Provided | 143 | $33,345,000 | $233,000 | $1,575,000 | $140,000 | $1,798,000 |
| Not applicable | 122 | $36,080,000 | $295,000 | $2,745,000 | $0 | $0 |
| Hispanic | 23 | $3,905,000 | $169,000 | $425,000 | $126,000 | $581,000 |
| Asian | 19 | $6,505,000 | $342,000 | $1,085,000 | $203,000 | $638,000 |
| American Indian or Alaskan Native | 8 | $1,250,000 | $156,000 | $235,000 | $147,000 | $638,000 |
| Black or African American | 6 | $810,000 | $135,000 | $265,000 | $81,000 | $196,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $605,000 | $605,000 | $605,000 | $157,000 | $157,000 |
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) | 2,466 | $539,610,000 | $218,000 | $2,745,000 | $122,000 | $2,196,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 21 | $3,165,000 | $150,000 | $305,000 | $56,000 | $86,000 |
| VA-guaranteed (Veterans Administration) | 4 | $1,070,000 | $267,000 | $375,000 | $80,000 | $197,000 |
| FHA-insured (Federal Housing Administration) | 1 | $195,000 | $195,000 | $195,000 | $75,000 | $75,000 |
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 | 2,057 | $446,705,000 | $217,000 | $2,745,000 | $122,000 | $2,196,000 |
| Application Withdrawn By Applicant | 331 | $76,265,000 | $230,000 | $1,205,000 | $129,000 | $823,000 |
| Application Denied By Financial Institution | 86 | $17,810,000 | $207,000 | $1,085,000 | $76,000 | $943,000 |
| File Closed For Incompleteness | 9 | $1,975,000 | $219,000 | $505,000 | $130,000 | $360,000 |
| Application Approved But Not Accepted | 8 | $980,000 | $122,000 | $195,000 | $117,000 | $275,000 |
| Loan Purchased By The Institution | 1 | $305,000 | $305,000 | $305,000 | $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 | 2,406 | $526,230,000 | $218,000 | $2,745,000 | $123,000 | $2,196,000 |
| Debt-To-Income Ratio | 48 | $10,680,000 | $222,000 | $915,000 | $50,000 | $199,000 |
| Credit History | 16 | $2,370,000 | $148,000 | $385,000 | $74,000 | $240,000 |
| Collateral | 11 | $2,645,000 | $240,000 | $1,085,000 | $190,000 | $943,000 |
| Other | 6 | $1,200,000 | $200,000 | $345,000 | $89,000 | $225,000 |
| Employment History | 5 | $915,000 | $183,000 | $325,000 | $83,000 | $270,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Frandsen Bank & Trust's 2021 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.
For a list of all lenders in Minnesota, download the full spreadsheet
with aggregated HMDA statistics today.