Hiway Credit Union Mortgage Lending & HMDA Data, 2005
In 2005, Hiway Credit Union of Saint Paul, MN reported 1,775 mortgage applications totaling $184.3 million, down 25% from 2004. The average application was for $103,811, and applicants reported an average income of $63,939. 53% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (1,045), Duluth, MN-WI (39) and St. Cloud, MN (24) (applications in parentheses).
| Mortgage Company & Address | Hiway Credit Union 111 Empire Drive Saint Paul, MN 55103 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,775 |
| Total Mortgage Loan Application Amount | $184,265,000 |
| Average Mortgage Loan Application Amount | $103,811 |
| Highest Mortgage Loan Application Amount | $736,000 |
| Average Applicant Income | $63,939 |
| Highest Applicant Income | $1,140,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Hiway Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Ramsey, Minnesota | 356 | $ 28,133,000 | $ 79,025 | $ 52,000 |
| Hennepin, Minnesota | 144 | $ 12,217,000 | $ 84,840 | $ 60,000 |
| Washington, Minnesota | 144 | $ 14,107,000 | $ 97,965 | $ 72,000 |
| Dakota, Minnesota | 129 | $ 11,927,000 | $ 92,457 | $ 78,000 |
| Anoka, Minnesota | 126 | $ 11,667,000 | $ 92,595 | $ 76,000 |
| Chisago, Minnesota | 55 | $ 4,947,000 | $ 89,945 | $ 68,000 |
| St. Louis, Minnesota | 33 | $ 1,509,000 | $ 45,727 | $ 66,000 |
| Wright, Minnesota | 26 | $ 2,714,000 | $ 104,384 | $ 142,000 |
| St. Croix, Wisconsin | 22 | $ 3,018,000 | $ 137,181 | $ 65,000 |
| Stearns, Minnesota | 21 | $ 1,390,000 | $ 66,190 | $ 61,000 |
| Sherburne, Minnesota | 19 | $ 1,898,000 | $ 99,894 | $ 70,000 |
| Crow Wing, Minnesota | 18 | $ 992,000 | $ 55,111 | $ 58,000 |
| Beltrami, Minnesota | 17 | $ 1,377,000 | $ 81,000 | $ 66,000 |
| Blue Earth, Minnesota | 17 | $ 1,381,000 | $ 81,235 | $ 63,000 |
| Carver, Minnesota | 16 | $ 1,336,000 | $ 83,500 | $ 78,000 |
| Scott, Minnesota | 16 | $ 1,473,000 | $ 92,062 | $ 97,000 |
| Isanti, Minnesota | 14 | $ 1,085,000 | $ 77,500 | $ 67,000 |
| Olmsted, Minnesota | 13 | $ 861,000 | $ 66,230 | $ 70,000 |
| Kandiyohi, Minnesota | 11 | $ 421,000 | $ 38,272 | $ 66,000 |
| Mille Lacs, Minnesota | 9 | $ 572,000 | $ 63,555 | $ 57,000 |
| Rice, Minnesota | 9 | $ 776,000 | $ 86,222 | $ 67,000 |
| Polk, Wisconsin | 9 | $ 1,094,000 | $ 121,555 | $ 74,000 |
| Becker, Minnesota | 8 | $ 1,001,000 | $ 125,125 | $ 92,000 |
| Pierce, Wisconsin | 8 | $ 979,000 | $ 122,375 | $ 71,000 |
| Aitkin, Minnesota | 7 | $ 489,000 | $ 69,857 | $ 60,000 |
| Hubbard, Minnesota | 7 | $ 406,000 | $ 58,000 | $ 47,000 |
| Otter Tail, Minnesota | 7 | $ 352,000 | $ 50,285 | $ 48,000 |
| Carlton, Minnesota | 6 | $ 346,000 | $ 57,666 | $ 63,000 |
| Meeker, Minnesota | 6 | $ 394,000 | $ 65,666 | $ 60,000 |
| Nicollet, Minnesota | 6 | $ 657,000 | $ 109,500 | $ 46,000 |
| Steele, Minnesota | 6 | $ 440,000 | $ 73,333 | $ 56,000 |
| Stevens, Minnesota | 6 | $ 411,000 | $ 68,500 | $ 51,000 |
| Clay, Minnesota | 5 | $ 283,000 | $ 56,600 | $ 60,000 |
| Goodhue, Minnesota | 5 | $ 193,000 | $ 38,600 | $ 66,000 |
| Kanabec, Minnesota | 5 | $ 420,000 | $ 84,000 | $ 62,000 |
| McLeod, Minnesota | 5 | $ 364,000 | $ 72,800 | $ 71,000 |
| Cass, Minnesota | 4 | $ 370,000 | $ 92,500 | $ 52,000 |
| Clearwater, Minnesota | 4 | $ 163,000 | $ 40,750 | $ 39,000 |
| Cottonwood, Minnesota | 4 | $ 131,000 | $ 32,750 | $ 63,000 |
| Itasca, Minnesota | 4 | $ 424,000 | $ 106,000 | $ 59,000 |
| Martin, Minnesota | 4 | $ 57,000 | $ 14,250 | $ 66,000 |
| Morrison, Minnesota | 4 | $ 190,000 | $ 47,500 | $ 61,000 |
| Mower, Minnesota | 4 | $ 231,000 | $ 57,750 | $ 54,000 |
| Pine, Minnesota | 4 | $ 563,000 | $ 140,750 | $ 51,000 |
| Winona, Minnesota | 4 | $ 152,000 | $ 38,000 | $ 61,000 |
| Maricopa, Arizona | 3 | $ 251,000 | $ 83,666 | $ 55,000 |
| Benton, Minnesota | 3 | $ 202,000 | $ 67,333 | $ 53,000 |
| Brown, Minnesota | 3 | $ 94,000 | $ 31,333 | $ 60,000 |
| Chippewa, Minnesota | 3 | $ 70,000 | $ 23,333 | $ 80,000 |
| Dodge, Minnesota | 3 | $ 183,000 | $ 61,000 | $ 47,000 |
| Koochiching, Minnesota | 3 | $ 38,000 | $ 12,666 | $ 35,000 |
| Nobles, Minnesota | 3 | $ 129,000 | $ 43,000 | $ 63,000 |
| Pennington, Minnesota | 3 | $ 52,000 | $ 17,333 | $ 51,000 |
| Rock, Minnesota | 3 | $ 98,000 | $ 32,666 | $ 57,000 |
| Douglas, Wisconsin | 3 | $ 49,000 | $ 16,333 | $ 49,000 |
| Mohave, Arizona | 2 | $ 271,000 | $ 135,500 | $ 55,000 |
| Riverside, California | 2 | $ 11,000 | $ 5,500 | $ 48,000 |
| Kootenai, Idaho | 2 | $ 74,000 | $ 37,000 | $ 104,000 |
| Cook, Minnesota | 2 | $ 356,000 | $ 178,000 | $ 61,000 |
| Douglas, Minnesota | 2 | $ 140,000 | $ 70,000 | $ 70,000 |
| Lake, Minnesota | 2 | $ 271,000 | $ 135,500 | $ 124,000 |
| Lake of the Woods, Minnesota | 2 | $ 285,000 | $ 142,500 | $ 78,000 |
| Le Sueur, Minnesota | 2 | $ 137,000 | $ 68,500 | $ 62,000 |
| Polk, Minnesota | 2 | $ 51,000 | $ 25,500 | $ 84,000 |
| Pope, Minnesota | 2 | $ 82,000 | $ 41,000 | $ 42,000 |
| Redwood, Minnesota | 2 | $ 133,000 | $ 66,500 | $ 73,000 |
| Roseau, Minnesota | 2 | $ 51,000 | $ 25,500 | $ 88,000 |
| Sibley, Minnesota | 2 | $ 285,000 | $ 142,500 | $ 82,000 |
| Todd, Minnesota | 2 | $ 90,000 | $ 45,000 | $ 59,000 |
| Dona Ana, New Mexico | 2 | $ 85,000 | $ 42,500 | $ 33,000 |
| Cass, North Dakota | 2 | $ 159,000 | $ 79,500 | $ 64,000 |
| Barron, Wisconsin | 2 | $ 48,000 | $ 24,000 | $ 36,000 |
| Dunn, Wisconsin | 2 | $ 345,000 | $ 172,500 | $ 50,000 |
| Eau Claire, Wisconsin | 2 | $ 269,000 | $ 134,500 | $ 54,000 |
| Milwaukee, Wisconsin | 2 | $ 17,000 | $ 8,500 | $ 65,000 |
| Yuma, Arizona | 1 | $ 190,000 | $ 190,000 | $ 82,000 |
| Carroll, Arkansas | 1 | $ 30,000 | $ 30,000 | $ 58,000 |
| Fremont, Colorado | 1 | $ 6,000 | $ 6,000 | $ 92,000 |
| Jefferson, Colorado | 1 | $ 192,000 | $ 192,000 | $ 134,000 |
| Indian River, Florida | 1 | $ 172,000 | $ 172,000 | $ 193,000 |
| Lake, Florida | 1 | $ 388,000 | $ 388,000 | $ 96,000 |
| Lee, Florida | 1 | $ 30,000 | $ 30,000 | $ 99,000 |
| Nassau, Florida | 1 | $ 214,000 | $ 214,000 | $ 81,000 |
| Cobb, Georgia | 1 | $ 545,000 | $ 545,000 | $ 174,000 |
| Lake, Illinois | 1 | $ 226,000 | $ 226,000 | $ 102,000 |
| Rock Island, Illinois | 1 | $ 100,000 | $ 100,000 | $ 61,000 |
| Trigg, Kentucky | 1 | $ 16,000 | $ 16,000 | $ 49,000 |
| Missaukee, Michigan | 1 | $ 300,000 | $ 300,000 | $ 105,000 |
| Big Stone, Minnesota | 1 | $ 9,000 | $ 9,000 | $ 40,000 |
| Faribault, Minnesota | 1 | $ 10,000 | $ 10,000 | $ 58,000 |
| Freeborn, Minnesota | 1 | $ 130,000 | $ 130,000 | $ 59,000 |
| Grant, Minnesota | 1 | $ 65,000 | $ 65,000 | $ 21,000 |
| Jackson, Minnesota | 1 | $ 32,000 | $ 32,000 | $ 73,000 |
| Lac qui Parle, Minnesota | 1 | $ 13,000 | $ 13,000 | $ 34,000 |
| Mahnomen, Minnesota | 1 | $ 40,000 | $ 40,000 | $ 62,000 |
| Pipestone, Minnesota | 1 | $ 250,000 | $ 250,000 | $ 67,000 |
| Red Lake, Minnesota | 1 | $ 105,000 | $ 105,000 | $ 77,000 |
| Wabasha, Minnesota | 1 | $ 42,000 | $ 42,000 | $ 47,000 |
| Waseca, Minnesota | 1 | $ 194,000 | $ 194,000 | $ 97,000 |
| Watonwan, Minnesota | 1 | $ 25,000 | $ 25,000 | $ 123,000 |
| St. Charles, Missouri | 1 | $ 20,000 | $ 20,000 | $ 121,000 |
| Lancaster, Nebraska | 1 | $ 8,000 | $ 8,000 | $ 112,000 |
| Elko, Nevada | 1 | $ 30,000 | $ 30,000 | $ 103,000 |
| Los Alamos, New Mexico | 1 | $ 10,000 | $ 10,000 | $ 64,000 |
| Mecklenburg, North Carolina | 1 | $ 8,000 | $ 8,000 | $ 145,000 |
| Butler, Ohio | 1 | $ 40,000 | $ 40,000 | $ 147,000 |
| Cuyahoga, Ohio | 1 | $ 80,000 | $ 80,000 | $ 153,000 |
| Josephine, Oregon | 1 | $ 30,000 | $ 30,000 | $ 92,000 |
| Multnomah, Oregon | 1 | $ 165,000 | $ 165,000 | $ 44,000 |
| Butler, Pennsylvania | 1 | $ 130,000 | $ 130,000 | $ 80,000 |
| Brookings, South Dakota | 1 | $ 45,000 | $ 45,000 | $ 54,000 |
| Codington, South Dakota | 1 | $ 37,000 | $ 37,000 | $ 75,000 |
| Day, South Dakota | 1 | $ 88,000 | $ 88,000 | $ 45,000 |
| Pennington, South Dakota | 1 | $ 16,000 | $ 16,000 | $ 65,000 |
| Knox, Tennessee | 1 | $ 65,000 | $ 65,000 | $ 166,000 |
| Prince William, Virginia | 1 | $ 180,000 | $ 180,000 | $ 62,000 |
| Clark, Washington | 1 | $ 149,000 | $ 149,000 | $ 144,000 |
| Buffalo, Wisconsin | 1 | $ 51,000 | $ 51,000 | $ 40,000 |
| Portage, Wisconsin | 1 | $ 167,000 | $ 167,000 | $ 50,000 |
| Sawyer, Wisconsin | 1 | $ 330,000 | $ 330,000 | $ 168,000 |
| Washburn, Wisconsin | 1 | $ 105,000 | $ 105,000 | $ 120,000 |
| Albany, Wyoming | 1 | $ 439,000 | $ 439,000 | $ 84,000 |
| Sheridan, Wyoming | 1 | $ 30,000 | $ 30,000 | $ 70,000 |
Mortgage Loan Application Detail Totals for Hiway Credit Union 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 |
|---|---|---|---|---|---|---|
| Home Improvement | 759 | $22,050,000 | $24,176 | $200,000 | $87,588 | $578,000 |
| Home Purchase | 520 | $97,561,000 | $222,615 | $736,000 | $93,153 | $1,140,000 |
| Refinancing | 496 | $64,654,000 | $134,916 | $439,000 | $92,333 | $780,000 |
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 | 1,260 | $133,610,000 | $101,400 | $736,000 | $88,240 | $1,140,000 |
| Not Provided | 280 | $20,456,000 | $82,875 | $450,000 | $83,250 | $780,000 |
| Asian | 130 | $16,910,000 | $157,000 | $550,000 | $61,666 | $156,000 |
| Black or African American | 56 | $7,506,000 | $255,750 | $545,000 | $86,000 | $174,000 |
| Hispanic | 37 | $4,077,000 | $152,750 | $300,000 | $67,250 | $122,000 |
| American Indian or Alaskan Native | 9 | $1,224,000 | $139,500 | $239,000 | $54,500 | $78,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $482,000 | $160,500 | $200,000 | $33,000 | $91,000 |
| 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) | 1,775 | $184,265,000 | $112,851 | $736,000 | $92,333 | $1,140,000 |
| 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 | 945 | $73,297,000 | $82,350 | $736,000 | $85,400 | $460,000 |
| Application Withdrawn By Applicant | 301 | $35,550,000 | $143,428 | $450,000 | $77,571 | $578,000 |
| Application Denied By Financial Institution | 198 | $20,387,000 | $125,500 | $479,000 | $90,000 | $780,000 |
| File Closed For Incompleteness | 125 | $14,941,000 | $156,500 | $545,000 | $82,000 | $174,000 |
| Preapproval Approved but not Accepted | 110 | $23,228,000 | $211,000 | $549,000 | $64,000 | $1,140,000 |
| Application Approved But Not Accepted | 54 | $9,254,000 | $190,200 | $550,000 | $84,200 | $146,000 |
| Preapproval Denied by Financial Institution | 42 | $7,608,000 | $181,000 | $315,000 | $43,000 | $160,000 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Credit History | 110 | $11,943,000 | $135,333 | $284,000 | $86,000 | $780,000 |
| Debt-To-Income Ratio | 62 | $6,650,000 | $136,500 | $320,000 | $52,500 | $120,000 |
| Other | 57 | $7,913,000 | $145,000 | $439,000 | $58,500 | $180,000 |
| Collateral | 5 | $276,000 | $58,500 | $90,000 | $120,500 | $166,000 |
| Mortgage Insurance Denied | 3 | $235,000 | $78,000 | $103,000 | $40,000 | $54,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $662,000 | $331,000 | $479,000 | $91,000 | $141,000 |
| Unverifiable Information | 1 | $316,000 | $316,000 | $316,000 | $95,000 | $95,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Hiway Credit Union'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 Hiway Credit Union'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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