Home Federal Savings Bank Mortgage Lending & HMDA Data, 2005
In 2005, Home Federal Savings Bank of Rochester, MN reported 1,291 mortgage applications totaling $163.2 million, down 8% from 2004. The average application was for $126,416, and applicants reported an average income of $69,787. 73% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Rochester, MN (582), Minneapolis-St. Paul-Bloomington, MN-WI (31) and La Crosse, WI-MN (15) (applications in parentheses).
| Mortgage Company & Address | Home Federal Savings Bank 1016 Civic Center Dr Nw Rochester, MN 55901 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,291 |
| Total Mortgage Loan Application Amount | $163,204,000 |
| Average Mortgage Loan Application Amount | $126,416 |
| Highest Mortgage Loan Application Amount | $1,408,000 |
| Average Applicant Income | $69,787 |
| Highest Applicant Income | $2,393,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Home Federal Savings Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Olmsted, Minnesota | 529 | $ 78,695,000 | $ 148,761 | $ 64,000 |
| Marshall, Iowa | 132 | $ 10,305,000 | $ 78,068 | $ 46,000 |
| Freeborn, Minnesota | 91 | $ 6,882,000 | $ 75,626 | $ 49,000 |
| Mower, Minnesota | 86 | $ 7,416,000 | $ 86,232 | $ 46,000 |
| Winona, Minnesota | 76 | $ 8,123,000 | $ 106,881 | $ 44,000 |
| Fillmore, Minnesota | 70 | $ 7,327,000 | $ 104,671 | $ 55,000 |
| Tama, Iowa | 47 | $ 3,057,000 | $ 65,042 | $ 39,000 |
| Houston, Minnesota | 36 | $ 4,221,000 | $ 117,250 | $ 50,000 |
| Dodge, Minnesota | 29 | $ 3,772,000 | $ 130,068 | $ 48,000 |
| Wabasha, Minnesota | 24 | $ 3,622,000 | $ 150,916 | $ 62,000 |
| La Crosse, Wisconsin | 15 | $ 1,836,000 | $ 122,400 | $ 62,000 |
| Goodhue, Minnesota | 14 | $ 1,646,000 | $ 117,571 | $ 57,000 |
| Hennepin, Minnesota | 10 | $ 2,860,000 | $ 286,000 | $ 239,000 |
| Steele, Minnesota | 10 | $ 988,000 | $ 98,800 | $ 116,000 |
| Dakota, Minnesota | 7 | $ 1,646,000 | $ 235,142 | $ 75,000 |
| Howard, Iowa | 6 | $ 654,000 | $ 109,000 | $ 37,000 |
| Gallatin, Montana | 5 | $ 622,000 | $ 124,400 | $ 40,000 |
| Buffalo, Wisconsin | 5 | $ 483,000 | $ 96,600 | $ 81,000 |
| Grundy, Iowa | 4 | $ 458,000 | $ 114,500 | $ 64,000 |
| Ramsey, Minnesota | 4 | $ 603,000 | $ 150,750 | $ 200,000 |
| Hardin, Iowa | 3 | $ 72,000 | $ 24,000 | $ 23,000 |
| Story, Iowa | 3 | $ 134,000 | $ 44,666 | $ 69,000 |
| Trempealeau, Wisconsin | 3 | $ 468,000 | $ 156,000 | $ 110,000 |
| Mohave, Arizona | 2 | $ 1,134,000 | $ 567,000 | $ 16,000 |
| Pinal, Arizona | 2 | $ 700,000 | $ 350,000 | $ 200,000 |
| Mitchell, Iowa | 2 | $ 127,000 | $ 63,500 | $ 23,000 |
| Anoka, Minnesota | 2 | $ 548,000 | $ 274,000 | $ 167,000 |
| Blue Earth, Minnesota | 2 | $ 238,000 | $ 119,000 | $ 15,000 |
| Le Sueur, Minnesota | 2 | $ 335,000 | $ 167,500 | $ 49,000 |
| Otter Tail, Minnesota | 2 | $ 135,000 | $ 67,500 | $ 87,000 |
| Sherburne, Minnesota | 2 | $ 443,000 | $ 221,500 | $ 103,000 |
| St. Louis, Minnesota | 2 | $ 185,000 | $ 92,500 | $ 43,000 |
| Wright, Minnesota | 2 | $ 1,500,000 | $ 750,000 | $ 885,000 |
| Barron, Wisconsin | 2 | $ 326,000 | $ 163,000 | $ 96,000 |
| Monroe, Wisconsin | 2 | $ 142,000 | $ 71,000 | $ 50,000 |
| Sawyer, Wisconsin | 2 | $ 129,000 | $ 64,500 | $ 64,000 |
| Washburn, Wisconsin | 2 | $ 219,000 | $ 109,500 | $ 164,000 |
| Maricopa, Arizona | 1 | $ 105,000 | $ 105,000 | $ 56,000 |
| Pima, Arizona | 1 | $ 182,000 | $ 182,000 | $ 0 |
| Los Angeles, California | 1 | $ 615,000 | $ 615,000 | $ 124,000 |
| Riverside, California | 1 | $ 130,000 | $ 130,000 | $ 408,000 |
| Larimer, Colorado | 1 | $ 276,000 | $ 276,000 | $ 8,000 |
| Broward, Florida | 1 | $ 260,000 | $ 260,000 | $ 89,000 |
| Lee, Florida | 1 | $ 295,000 | $ 295,000 | $ 119,000 |
| Pinellas, Florida | 1 | $ 100,000 | $ 100,000 | $ 83,000 |
| Polk, Florida | 1 | $ 160,000 | $ 160,000 | $ 114,000 |
| St. Johns, Florida | 1 | $ 336,000 | $ 336,000 | $ 96,000 |
| Fulton, Georgia | 1 | $ 280,000 | $ 280,000 | $ 60,000 |
| Glynn, Georgia | 1 | $ 218,000 | $ 218,000 | $ 71,000 |
| Benton, Iowa | 1 | $ 52,000 | $ 52,000 | $ 36,000 |
| Black Hawk, Iowa | 1 | $ 166,000 | $ 166,000 | $ 127,000 |
| Cerro Gordo, Iowa | 1 | $ 251,000 | $ 251,000 | $ 137,000 |
| Dallas, Iowa | 1 | $ 262,000 | $ 262,000 | $ 54,000 |
| Jasper, Iowa | 1 | $ 52,000 | $ 52,000 | $ 22,000 |
| Johnson, Iowa | 1 | $ 143,000 | $ 143,000 | $ 29,000 |
| Linn, Iowa | 1 | $ 50,000 | $ 50,000 | $ 36,000 |
| Polk, Iowa | 1 | $ 43,000 | $ 43,000 | $ 241,000 |
| Winnebago, Iowa | 1 | $ 53,000 | $ 53,000 | $ 30,000 |
| Worth, Iowa | 1 | $ 35,000 | $ 35,000 | $ 31,000 |
| Montgomery, Maryland | 1 | $ 150,000 | $ 150,000 | $ 124,000 |
| Marquette, Michigan | 1 | $ 55,000 | $ 55,000 | $ 52,000 |
| Brown, Minnesota | 1 | $ 102,000 | $ 102,000 | $ 48,000 |
| Carlton, Minnesota | 1 | $ 128,000 | $ 128,000 | $ 93,000 |
| Carver, Minnesota | 1 | $ 414,000 | $ 414,000 | $ 110,000 |
| Cass, Minnesota | 1 | $ 1,361,000 | $ 1,361,000 | $ 275,000 |
| Faribault, Minnesota | 1 | $ 55,000 | $ 55,000 | $ 34,000 |
| Isanti, Minnesota | 1 | $ 311,000 | $ 311,000 | $ 91,000 |
| Itasca, Minnesota | 1 | $ 360,000 | $ 360,000 | $ 127,000 |
| Martin, Minnesota | 1 | $ 715,000 | $ 715,000 | $ 313,000 |
| Mille Lacs, Minnesota | 1 | $ 114,000 | $ 114,000 | $ 55,000 |
| Nicollet, Minnesota | 1 | $ 220,000 | $ 220,000 | $ 118,000 |
| Rice, Minnesota | 1 | $ 248,000 | $ 248,000 | $ 0 |
| Scott, Minnesota | 1 | $ 177,000 | $ 177,000 | $ 61,000 |
| Swift, Minnesota | 1 | $ 57,000 | $ 57,000 | $ 38,000 |
| Waseca, Minnesota | 1 | $ 8,000 | $ 8,000 | $ 59,000 |
| Washington, Minnesota | 1 | $ 150,000 | $ 150,000 | $ 109,000 |
| Clark, Nevada | 1 | $ 249,000 | $ 249,000 | $ 131,000 |
| Lane, Oregon | 1 | $ 176,000 | $ 176,000 | $ 53,000 |
| Berkeley, South Carolina | 1 | $ 146,000 | $ 146,000 | $ 29,000 |
| Williamson, Texas | 1 | $ 174,000 | $ 174,000 | $ 68,000 |
| Salt Lake, Utah | 1 | $ 118,000 | $ 118,000 | $ 43,000 |
| Bayfield, Wisconsin | 1 | $ 268,000 | $ 268,000 | $ 300,000 |
| Burnett, Wisconsin | 1 | $ 118,000 | $ 118,000 | $ 92,000 |
| Pepin, Wisconsin | 1 | $ 150,000 | $ 150,000 | $ 0 |
| Polk, Wisconsin | 1 | $ 100,000 | $ 100,000 | $ 95,000 |
| St. Croix, Wisconsin | 1 | $ 152,000 | $ 152,000 | $ 97,000 |
| Taylor, Wisconsin | 1 | $ 124,000 | $ 124,000 | $ 145,000 |
| Vernon, Wisconsin | 1 | $ 43,000 | $ 43,000 | $ 27,000 |
| Teton, Wyoming | 1 | $ 360,000 | $ 360,000 | $ 83,000 |
Mortgage Loan Application Detail Totals for Home Federal Savings Bank 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 |
|---|---|---|---|---|---|---|
| Refinancing | 605 | $70,268,000 | $217,625 | $680,000 | $72,000 | $954,000 |
| Home Purchase | 588 | $90,060,000 | $185,857 | $1,408,000 | $92,071 | $2,393,000 |
| Home Improvement | 98 | $2,876,000 | $18,666 | $500,000 | $66,000 | $791,000 |
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 | 1,170 | $145,944,000 | $208,466 | $1,408,000 | $79,066 | $2,393,000 |
| Not Provided | 29 | $4,395,000 | $130,800 | $563,000 | $57,400 | $444,000 |
| Asian | 26 | $3,939,000 | $165,000 | $342,000 | $101,666 | $579,000 |
| Hispanic | 23 | $2,792,000 | $90,000 | $650,000 | $56,666 | $410,000 |
| Not applicable | 22 | $3,633,000 | $152,000 | $431,000 | $500 | $85,000 |
| Black or African American | 14 | $1,647,000 | $99,000 | $214,000 | $69,000 | $250,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $613,000 | $123,000 | $248,000 | $41,000 | $66,000 |
| American Indian or Alaskan Native | 3 | $241,000 | $67,000 | $204,000 | $50,500 | $80,000 |
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) | 1,285 | $162,631,000 | $197,647 | $1,408,000 | $79,411 | $2,393,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 5 | $425,000 | $85,000 | $95,000 | $40,000 | $51,000 |
| VA-guaranteed (Veterans Administration) | 1 | $148,000 | $148,000 | $148,000 | $39,000 | $39,000 |
| 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 | 940 | $118,013,000 | $216,461 | $1,408,000 | $81,846 | $2,393,000 |
| Application Withdrawn By Applicant | 187 | $26,796,000 | $267,166 | $1,080,000 | $108,500 | $980,000 |
| Application Denied By Financial Institution | 151 | $17,073,000 | $176,000 | $1,079,000 | $70,285 | $396,000 |
| Application Approved But Not Accepted | 11 | $1,229,000 | $105,250 | $275,000 | $58,750 | $91,000 |
| File Closed For Incompleteness | 1 | $5,000 | $5,000 | $5,000 | $29,000 | $29,000 |
| Loan Purchased By The Institution | 1 | $88,000 | $88,000 | $88,000 | $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 |
|---|---|---|---|---|---|---|
| Credit Application Incomplete | 48 | $6,176,000 | $98,666 | $1,079,000 | $49,666 | $396,000 |
| Credit History | 47 | $3,900,000 | $53,333 | $279,000 | $34,333 | $90,000 |
| Debt-To-Income Ratio | 27 | $3,260,000 | $186,000 | $350,000 | $62,571 | $226,000 |
| Other | 13 | $1,521,000 | $121,750 | $220,000 | $82,000 | $198,000 |
| Collateral | 10 | $1,330,000 | $110,500 | $380,000 | $34,000 | $101,000 |
| Unverifiable Information | 4 | $699,000 | $172,500 | $323,000 | $35,500 | $49,000 |
| Employment History | 2 | $187,000 | $93,000 | $127,000 | $23,000 | $24,000 |
| 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 Home Federal Savings Bank'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 Home Federal Savings Bank'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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About