Frandsen Bank & Trust
HMDA Loan Application Totals
and Mortgage Lending Details
for 2023
Frandsen Bank & Trust 2023 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 | 1,479 |
| Total Mortgage Loan Application Amount | $328,555,000 |
| Average Mortgage Loan Application Amount | $182,600 |
| Highest Mortgage Loan Application Amount | $8,825,000 |
| Average Applicant Income | $143,600 |
| Highest Applicant Income | $5,282,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2023 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 2023 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 2023.
| 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 | 244 | $ 45,160,000 | $ 185,000 | $ 146,000 |
| Hennepin County Minnesota | 65 | $ 24,045,000 | $ 369,000 | $ 257,000 |
| Rice County Minnesota | 62 | $ 10,270,000 | $ 165,000 | $ 140,000 |
| Carlton County Minnesota | 55 | $ 10,025,000 | $ 182,000 | $ 141,000 |
| Polk County Minnesota | 49 | $ 6,335,000 | $ 129,000 | $ 121,000 |
| Olmsted County Minnesota | 48 | $ 14,880,000 | $ 310,000 | $ 171,000 |
| Goodhue County Minnesota | 45 | $ 6,065,000 | $ 134,000 | $ 154,000 |
| Grand Forks County North Dakota | 45 | $ 9,335,000 | $ 207,000 | $ 127,000 |
| Brown County Minnesota | 43 | $ 5,885,000 | $ 136,000 | $ 136,000 |
| Dakota County Minnesota | 40 | $ 10,800,000 | $ 270,000 | $ 243,000 |
| Scott County Minnesota | 40 | $ 7,930,000 | $ 198,000 | $ 167,000 |
| Polk County Wisconsin | 40 | $ 4,710,000 | $ 117,000 | $ 104,000 |
| Blue Earth County Minnesota | 39 | $ 6,695,000 | $ 171,000 | $ 133,000 |
| Le Sueur County Minnesota | 39 | $ 7,185,000 | $ 184,000 | $ 143,000 |
| Crow Wing County Minnesota | 35 | $ 11,605,000 | $ 331,000 | $ 208,000 |
| Pine County Minnesota | 32 | $ 5,510,000 | $ 172,000 | $ 112,000 |
| Nicollet County Minnesota | 30 | $ 4,680,000 | $ 156,000 | $ 157,000 |
| Renville County Minnesota | 28 | $ 2,920,000 | $ 104,000 | $ 102,000 |
| Isanti County Minnesota | 27 | $ 4,615,000 | $ 170,000 | $ 125,000 |
| Eau Claire County Wisconsin | 26 | $ 9,100,000 | $ 350,000 | $ 236,000 |
| Sawyer County Wisconsin | 26 | $ 5,390,000 | $ 207,000 | $ 195,000 |
| Ramsey County Minnesota | 25 | $ 9,935,000 | $ 397,000 | $ 194,000 |
| Anoka County Minnesota | 24 | $ 6,030,000 | $ 251,000 | $ 167,000 |
| Benton County Minnesota | 24 | $ 4,140,000 | $ 172,000 | $ 124,000 |
| Douglas County Wisconsin | 20 | $ 5,980,000 | $ 299,000 | $ 211,000 |
| Burnett County Wisconsin | 19 | $ 2,945,000 | $ 155,000 | $ 160,000 |
| Cass County Minnesota | 18 | $ 5,140,000 | $ 285,000 | $ 323,000 |
| Chisago County Minnesota | 18 | $ 4,330,000 | $ 240,000 | $ 143,000 |
| Lake County Minnesota | 16 | $ 3,080,000 | $ 192,000 | $ 175,000 |
| Washington County Minnesota | 16 | $ 5,170,000 | $ 323,000 | $ 251,000 |
| Chippewa County Wisconsin | 13 | $ 12,475,000 | $ 959,000 | $ 237,000 |
| Big Stone County Minnesota | 10 | $ 1,100,000 | $ 110,000 | $ 73,000 |
| Kanabec County Minnesota | 10 | $ 2,030,000 | $ 203,000 | $ 80,000 |
| Bayfield County Wisconsin | 10 | $ 1,690,000 | $ 169,000 | $ 182,000 |
| Norman County Minnesota | 9 | $ 855,000 | $ 95,000 | $ 56,000 |
| Maricopa County Arizona | 7 | $ 4,605,000 | $ 657,000 | $ 1,311,000 |
| Dodge County Minnesota | 7 | $ 1,265,000 | $ 180,000 | $ 161,000 |
| Marshall County Minnesota | 7 | $ 355,000 | $ 50,000 | $ 81,000 |
| Morrison County Minnesota | 7 | $ 1,315,000 | $ 187,000 | $ 124,000 |
| Stearns County Minnesota | 7 | $ 1,555,000 | $ 222,000 | $ 179,000 |
| Carver County Minnesota | 6 | $ 2,130,000 | $ 355,000 | $ 168,000 |
| Itasca County Minnesota | 6 | $ 940,000 | $ 156,000 | $ 116,000 |
| Lee County Florida | 5 | $ 1,785,000 | $ 357,000 | $ 214,000 |
| Sherburne County Minnesota | 5 | $ 1,665,000 | $ 333,000 | $ 153,000 |
| Wright County Minnesota | 5 | $ 1,945,000 | $ 389,000 | $ 187,000 |
| Sibley County Minnesota | 4 | $ 360,000 | $ 90,000 | $ 129,000 |
| Cass County North Dakota | 4 | $ 720,000 | $ 180,000 | $ 115,000 |
| Washburn County Wisconsin | 4 | $ 350,000 | $ 87,000 | $ 64,000 |
| Pima County Arizona | 3 | $ 1,245,000 | $ 415,000 | $ 101,000 |
| Aitkin County Minnesota | 3 | $ 675,000 | $ 225,000 | $ 200,000 |
| Beltrami County Minnesota | 3 | $ 1,195,000 | $ 398,000 | $ 261,000 |
| Mille Lacs County Minnesota | 3 | $ 605,000 | $ 201,000 | $ 115,000 |
| Otter Tail County Minnesota | 3 | $ 745,000 | $ 248,000 | $ 212,000 |
| Steele County Minnesota | 3 | $ 465,000 | $ 155,000 | $ 214,000 |
| Stevens County Minnesota | 3 | $ 315,000 | $ 105,000 | $ 91,000 |
| Wabasha County Minnesota | 3 | $ 545,000 | $ 181,000 | $ 112,000 |
| Wadena County Minnesota | 3 | $ 535,000 | $ 178,000 | $ 90,000 |
| Dane County Wisconsin | 3 | $ 1,415,000 | $ 471,000 | $ 332,000 |
| Shawano County Wisconsin | 3 | $ 465,000 | $ 155,000 | $ 0 |
| St. Croix County Wisconsin | 3 | $ 955,000 | $ 318,000 | $ 151,000 |
| Collier County Florida | 2 | $ 450,000 | $ 225,000 | $ 181,000 |
| Cook County Minnesota | 2 | $ 2,870,000 | $ 1,435,000 | $ 117,000 |
| Douglas County Minnesota | 2 | $ 360,000 | $ 180,000 | $ 201,000 |
| Faribault County Minnesota | 2 | $ 110,000 | $ 55,000 | $ 80,000 |
| Hubbard County Minnesota | 2 | $ 520,000 | $ 260,000 | $ 123,000 |
| Kandiyohi County Minnesota | 2 | $ 610,000 | $ 305,000 | $ 44,000 |
| Lake of the Woods County Minnesota | 2 | $ 70,000 | $ 35,000 | $ 85,000 |
| Lyon County Minnesota | 2 | $ 490,000 | $ 245,000 | $ 247,000 |
| Martin County Minnesota | 2 | $ 450,000 | $ 225,000 | $ 210,000 |
| Mower County Minnesota | 2 | $ 280,000 | $ 140,000 | $ 154,000 |
| Pennington County Minnesota | 2 | $ 450,000 | $ 225,000 | $ 248,000 |
| Redwood County Minnesota | 2 | $ 140,000 | $ 70,000 | $ 50,000 |
| Waseca County Minnesota | 2 | $ 360,000 | $ 180,000 | $ 221,000 |
| Ashland County Wisconsin | 2 | $ 360,000 | $ 180,000 | $ 356,000 |
| La Crosse County Wisconsin | 2 | $ 1,670,000 | $ 835,000 | $ 474,000 |
| Pepin County Wisconsin | 2 | $ 220,000 | $ 110,000 | $ 56,000 |
| Pierce County Wisconsin | 2 | $ 320,000 | $ 160,000 | $ 148,000 |
| Sauk County Wisconsin | 2 | $ 570,000 | $ 285,000 | $ 268,000 |
| Vilas County Wisconsin | 2 | $ 480,000 | $ 240,000 | $ 70,000 |
| Mohave County Arizona | 1 | $ 105,000 | $ 105,000 | $ 157,000 |
| Clear Creek County Colorado | 1 | $ 145,000 | $ 145,000 | $ 185,000 |
| La Plata County Colorado | 1 | $ 555,000 | $ 555,000 | $ 336,000 |
| Citrus County Florida | 1 | $ 295,000 | $ 295,000 | $ 92,000 |
| Pinellas County Florida | 1 | $ 325,000 | $ 325,000 | $ 206,000 |
| Clinton County Iowa | 1 | $ 255,000 | $ 255,000 | $ 584,000 |
| Winnebago County Iowa | 1 | $ 45,000 | $ 45,000 | $ 72,000 |
| Becker County Minnesota | 1 | $ 25,000 | $ 25,000 | $ 58,000 |
| Clay County Minnesota | 1 | $ 355,000 | $ 355,000 | $ 220,000 |
| Clearwater County Minnesota | 1 | $ 245,000 | $ 245,000 | $ 121,000 |
| Fillmore County Minnesota | 1 | $ 155,000 | $ 155,000 | $ 42,000 |
| Freeborn County Minnesota | 1 | $ 65,000 | $ 65,000 | $ 45,000 |
| Koochiching County Minnesota | 1 | $ 125,000 | $ 125,000 | $ 46,000 |
| Lac qui Parle County Minnesota | 1 | $ 195,000 | $ 195,000 | $ 117,000 |
| Mahnomen County Minnesota | 1 | $ 115,000 | $ 115,000 | $ 0 |
| McLeod County Minnesota | 1 | $ 235,000 | $ 235,000 | $ 121,000 |
| Meeker County Minnesota | 1 | $ 225,000 | $ 225,000 | $ 203,000 |
| Murray County Minnesota | 1 | $ 165,000 | $ 165,000 | $ 48,000 |
| Traverse County Minnesota | 1 | $ 15,000 | $ 15,000 | $ 43,000 |
| Watonwan County Minnesota | 1 | $ 545,000 | $ 545,000 | $ 816,000 |
| Winona County Minnesota | 1 | $ 215,000 | $ 215,000 | $ 54,000 |
| Saunders County Nebraska | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Burleigh County North Dakota | 1 | $ 5,000 | $ 5,000 | $ 101,000 |
| Ramsey County North Dakota | 1 | $ 95,000 | $ 95,000 | $ 167,000 |
| Traill County North Dakota | 1 | $ 185,000 | $ 185,000 | $ 91,000 |
| Walsh County North Dakota | 1 | $ 335,000 | $ 335,000 | $ 144,000 |
| Lycoming County Pennsylvania | 1 | $ 5,000 | $ 5,000 | $ 25,000 |
| Lawrence County South Dakota | 1 | $ 505,000 | $ 505,000 | $ 332,000 |
| Barron County Wisconsin | 1 | $ 125,000 | $ 125,000 | $ 88,000 |
| Brown County Wisconsin | 1 | $ 245,000 | $ 245,000 | $ 122,000 |
| Columbia County Wisconsin | 1 | $ 475,000 | $ 475,000 | $ 291,000 |
| Dunn County Wisconsin | 1 | $ 1,655,000 | $ 1,655,000 | $ 0 |
| Green Lake County Wisconsin | 1 | $ 985,000 | $ 985,000 | $ 606,000 |
| Iron County Wisconsin | 1 | $ 335,000 | $ 335,000 | $ 660,000 |
| Jefferson County Wisconsin | 1 | $ 285,000 | $ 285,000 | $ 216,000 |
| Marathon County Wisconsin | 1 | $ 195,000 | $ 195,000 | $ 85,000 |
| Marinette County Wisconsin | 1 | $ 505,000 | $ 505,000 | $ 451,000 |
| Rusk County Wisconsin | 1 | $ 185,000 | $ 185,000 | $ 154,000 |
| Trempealeau County Wisconsin | 1 | $ 105,000 | $ 105,000 | $ 54,000 |
| Washington County Wisconsin | 1 | $ 305,000 | $ 305,000 | $ 238,000 |
| Waukesha County Wisconsin | 1 | $ 485,000 | $ 485,000 | $ 350,000 |
Mortgage Loan Application Detail Totals for Frandsen Bank & Trust in 2023
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 | 770 | $237,520,000 | $308,000 | $8,825,000 | $186,000 | $5,282,000 |
| Home Improvement | 314 | $27,200,000 | $86,000 | $805,000 | $164,000 | $3,421,000 |
| Other Purpose | 206 | $19,200,000 | $93,000 | $555,000 | $136,000 | $862,000 |
| Refinancing | 159 | $39,215,000 | $246,000 | $4,075,000 | $131,000 | $816,000 |
| Cash-out Refinancing | 30 | $5,420,000 | $180,000 | $455,000 | $101,000 | $240,000 |
| 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 | 1,241 | $254,815,000 | $205,000 | $2,545,000 | $167,000 | $5,282,000 |
| Not applicable | 111 | $48,035,000 | $432,000 | $8,825,000 | $0 | $0 |
| Not Provided | 97 | $19,415,000 | $200,000 | $1,105,000 | $169,000 | $1,900,000 |
| Hispanic | 9 | $1,215,000 | $135,000 | $285,000 | $107,000 | $204,000 |
| Black or African American | 8 | $1,800,000 | $225,000 | $605,000 | $106,000 | $235,000 |
| American Indian or Alaskan Native | 7 | $1,415,000 | $202,000 | $445,000 | $115,000 | $308,000 |
| Asian | 5 | $1,355,000 | $271,000 | $505,000 | $314,000 | $634,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 1,476 | $328,180,000 | $222,000 | $8,825,000 | $166,000 | $5,282,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $375,000 | $125,000 | $225,000 | $51,000 | $76,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 1,181 | $272,625,000 | $230,000 | $8,825,000 | $174,000 | $5,282,000 |
| Application Withdrawn By Applicant | 190 | $44,660,000 | $235,000 | $2,385,000 | $161,000 | $912,000 |
| Application Denied By Financial Institution | 95 | $8,885,000 | $93,000 | $505,000 | $90,000 | $418,000 |
| Loan Purchased By The Institution | 6 | $1,190,000 | $198,000 | $265,000 | $0 | $0 |
| Application Approved But Not Accepted | 5 | $585,000 | $117,000 | $185,000 | $132,000 | $222,000 |
| File Closed For Incompleteness | 2 | $610,000 | $305,000 | $405,000 | $256,000 | $325,000 |
| 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 | 1,048 | $289,850,000 | $276,000 | $8,825,000 | $172,000 | $5,282,000 |
| Debt-To-Income Ratio | 407 | $35,795,000 | $87,000 | $605,000 | $158,000 | $3,421,000 |
| Credit History | 21 | $2,425,000 | $115,000 | $455,000 | $83,000 | $194,000 |
| Other | 2 | $460,000 | $230,000 | $395,000 | $132,000 | $224,000 |
| Collateral | 1 | $25,000 | $25,000 | $25,000 | $65,000 | $65,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Frandsen Bank & Trust's 2023 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.