Merchants Bank, National Association
HMDA Loan Application Totals
and Mortgage Lending Details
for 2003
Merchants Bank, National Association 2003 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 | Merchants Bank, National Association 102 East Third Street Winona, MN 55987 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 | 8,967 |
| Total Mortgage Loan Application Amount | $968,877,000 |
| Average Mortgage Loan Application Amount | $120,892 |
| Highest Mortgage Loan Application Amount | $869,000 |
| Average Applicant Income | $59,214 |
| Highest Applicant Income | $1,106,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2003 with Merchants Bank, National Association. 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 Merchants Bank, National Association's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2003 breaks down Merchants Bank, National Association'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 Merchants Bank, National Association serves its applicants.
Each category highlights the total number of mortgage applications processed by Merchants Bank, National Association, 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 Merchants Bank, National Association's mortgage activity for 2003.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Winona County Minnesota | 1,231 | $ 132,237,000 | $ 107,000 | $ 46,000 |
| La Crosse County Wisconsin | 509 | $ 54,568,000 | $ 107,000 | $ 74,000 |
| Houston County Minnesota | 459 | $ 47,040,000 | $ 102,000 | $ 60,000 |
| Olmsted County Minnesota | 406 | $ 51,503,000 | $ 126,000 | $ 56,000 |
| Blue Earth County Minnesota | 284 | $ 34,178,000 | $ 120,000 | $ 71,000 |
| Trempealeau County Wisconsin | 241 | $ 23,526,000 | $ 97,000 | $ 53,000 |
| Rice County Minnesota | 230 | $ 29,135,000 | $ 126,000 | $ 49,000 |
| Koochiching County Minnesota | 205 | $ 17,754,000 | $ 86,000 | $ 45,000 |
| Fillmore County Minnesota | 203 | $ 22,260,000 | $ 109,000 | $ 50,000 |
| Monroe County Wisconsin | 156 | $ 15,297,000 | $ 98,000 | $ 52,000 |
| Douglas County Minnesota | 151 | $ 19,167,000 | $ 126,000 | $ 66,000 |
| Nobles County Minnesota | 145 | $ 11,672,000 | $ 80,000 | $ 49,000 |
| Goodhue County Minnesota | 137 | $ 17,274,000 | $ 126,000 | $ 49,000 |
| Nicollet County Minnesota | 137 | $ 15,323,000 | $ 111,000 | $ 53,000 |
| Wright County Minnesota | 137 | $ 18,972,000 | $ 138,000 | $ 59,000 |
| Cass County North Dakota | 133 | $ 15,135,000 | $ 113,000 | $ 79,000 |
| Dodge County Minnesota | 124 | $ 15,978,000 | $ 128,000 | $ 64,000 |
| Steele County Minnesota | 123 | $ 13,932,000 | $ 113,000 | $ 56,000 |
| Wabasha County Minnesota | 119 | $ 15,175,000 | $ 127,000 | $ 51,000 |
| Mower County Minnesota | 114 | $ 12,071,000 | $ 105,000 | $ 52,000 |
| Roseau County Minnesota | 113 | $ 9,397,000 | $ 83,000 | $ 56,000 |
| Washington County Iowa | 112 | $ 12,328,000 | $ 110,000 | $ 56,000 |
| Dakota County Minnesota | 103 | $ 14,624,000 | $ 141,000 | $ 75,000 |
| Buffalo County Wisconsin | 102 | $ 11,015,000 | $ 107,000 | $ 46,000 |
| Kanabec County Minnesota | 100 | $ 11,518,000 | $ 115,000 | $ 57,000 |
| Winneshiek County Iowa | 99 | $ 11,773,000 | $ 118,000 | $ 69,000 |
| Kandiyohi County Minnesota | 98 | $ 11,315,000 | $ 115,000 | $ 109,000 |
| Clay County Minnesota | 97 | $ 9,565,000 | $ 98,000 | $ 59,000 |
| Barron County Wisconsin | 94 | $ 10,059,000 | $ 107,000 | $ 87,000 |
| Lake of the Woods County Minnesota | 89 | $ 8,629,000 | $ 96,000 | $ 69,000 |
| Hubbard County Minnesota | 88 | $ 10,542,000 | $ 119,000 | $ 67,000 |
| St. Louis County Minnesota | 86 | $ 9,373,000 | $ 108,000 | $ 68,000 |
| Otter Tail County Minnesota | 75 | $ 7,979,000 | $ 106,000 | $ 56,000 |
| Grand Forks County North Dakota | 74 | $ 8,855,000 | $ 119,000 | $ 73,000 |
| Jackson County Minnesota | 72 | $ 5,130,000 | $ 71,000 | $ 44,000 |
| Faribault County Minnesota | 69 | $ 5,652,000 | $ 81,000 | $ 46,000 |
| Walsh County North Dakota | 67 | $ 4,499,000 | $ 67,000 | $ 42,000 |
| Cottonwood County Minnesota | 63 | $ 4,933,000 | $ 78,000 | $ 43,000 |
| Madison County Iowa | 62 | $ 7,458,000 | $ 120,000 | $ 57,000 |
| Vernon County Wisconsin | 59 | $ 5,566,000 | $ 94,000 | $ 65,000 |
| Brown County Minnesota | 57 | $ 5,399,000 | $ 94,000 | $ 54,000 |
| Waseca County Minnesota | 57 | $ 5,488,000 | $ 96,000 | $ 45,000 |
| Lyon County Minnesota | 54 | $ 4,584,000 | $ 84,000 | $ 40,000 |
| Polk County Minnesota | 54 | $ 4,156,000 | $ 76,000 | $ 54,000 |
| Sibley County Minnesota | 49 | $ 4,575,000 | $ 93,000 | $ 39,000 |
| Ward County North Dakota | 49 | $ 4,392,000 | $ 89,000 | $ 67,000 |
| Pennington County South Dakota | 49 | $ 5,392,000 | $ 110,000 | $ 69,000 |
| Henry County Iowa | 48 | $ 4,137,000 | $ 86,000 | $ 57,000 |
| Eau Claire County Wisconsin | 48 | $ 5,603,000 | $ 116,000 | $ 49,000 |
| Lawrence County South Dakota | 44 | $ 5,958,000 | $ 135,000 | $ 52,000 |
| Hennepin County Minnesota | 43 | $ 6,446,000 | $ 149,000 | $ 77,000 |
| Stark County North Dakota | 41 | $ 2,918,000 | $ 71,000 | $ 118,000 |
| Hancock County Iowa | 40 | $ 3,162,000 | $ 79,000 | $ 55,000 |
| Ramsey County North Dakota | 40 | $ 2,954,000 | $ 73,000 | $ 85,000 |
| Allamakee County Iowa | 36 | $ 2,890,000 | $ 80,000 | $ 42,000 |
| Fayette County Iowa | 36 | $ 3,064,000 | $ 85,000 | $ 78,000 |
| Becker County Minnesota | 36 | $ 4,722,000 | $ 131,000 | $ 91,000 |
| Martin County Minnesota | 36 | $ 3,071,000 | $ 85,000 | $ 48,000 |
| Freeborn County Minnesota | 34 | $ 3,368,000 | $ 99,000 | $ 44,000 |
| Grant County Wisconsin | 34 | $ 2,737,000 | $ 80,000 | $ 50,000 |
| Pennington County Minnesota | 33 | $ 2,452,000 | $ 74,000 | $ 48,000 |
| Iowa County Wisconsin | 31 | $ 2,376,000 | $ 76,000 | $ 52,000 |
| Le Sueur County Minnesota | 30 | $ 4,611,000 | $ 153,000 | $ 86,000 |
| Meade County South Dakota | 30 | $ 3,588,000 | $ 119,000 | $ 54,000 |
| Jackson County Wisconsin | 30 | $ 2,955,000 | $ 98,000 | $ 42,000 |
| Louisa County Iowa | 29 | $ 3,200,000 | $ 110,000 | $ 47,000 |
| Juneau County Wisconsin | 27 | $ 2,357,000 | $ 87,000 | $ 46,000 |
| Story County Iowa | 26 | $ 2,697,000 | $ 103,000 | $ 45,000 |
| Washington County Minnesota | 26 | $ 3,822,000 | $ 147,000 | $ 67,000 |
| Jones County Iowa | 25 | $ 2,317,000 | $ 92,000 | $ 56,000 |
| Des Moines County Iowa | 24 | $ 2,772,000 | $ 115,000 | $ 63,000 |
| Redwood County Minnesota | 24 | $ 1,406,000 | $ 58,000 | $ 41,000 |
| Custer County South Dakota | 21 | $ 2,693,000 | $ 128,000 | $ 58,000 |
| Pembina County North Dakota | 20 | $ 1,510,000 | $ 75,000 | $ 56,000 |
| Polk County Wisconsin | 20 | $ 2,534,000 | $ 126,000 | $ 92,000 |
| Greene County Iowa | 19 | $ 2,187,000 | $ 115,000 | $ 76,000 |
| Marshall County Minnesota | 16 | $ 1,199,000 | $ 74,000 | $ 41,000 |
| Butte County South Dakota | 16 | $ 1,449,000 | $ 90,000 | $ 45,000 |
| Fall River County South Dakota | 16 | $ 1,602,000 | $ 100,000 | $ 41,000 |
| Sauk County Wisconsin | 16 | $ 1,396,000 | $ 87,000 | $ 50,000 |
| Isanti County Minnesota | 15 | $ 2,292,000 | $ 152,000 | $ 69,000 |
| Murray County Minnesota | 15 | $ 1,352,000 | $ 90,000 | $ 63,000 |
| Polk County Iowa | 14 | $ 1,967,000 | $ 140,000 | $ 66,000 |
| Cass County Minnesota | 14 | $ 1,802,000 | $ 128,000 | $ 107,000 |
| Crawford County Wisconsin | 14 | $ 1,105,000 | $ 78,000 | $ 52,000 |
| Mitchell County Iowa | 13 | $ 1,037,000 | $ 79,000 | $ 51,000 |
| Hardin County Iowa | 12 | $ 896,000 | $ 74,000 | $ 57,000 |
| Anoka County Minnesota | 12 | $ 1,703,000 | $ 141,000 | $ 60,000 |
| Benton County Iowa | 11 | $ 1,136,000 | $ 103,000 | $ 36,000 |
| Johnson County Iowa | 11 | $ 1,740,000 | $ 158,000 | $ 82,000 |
| Linn County Iowa | 11 | $ 1,165,000 | $ 105,000 | $ 47,000 |
| Crow Wing County Minnesota | 11 | $ 2,209,000 | $ 200,000 | $ 163,000 |
| Ramsey County Minnesota | 11 | $ 1,846,000 | $ 167,000 | $ 95,000 |
| Chippewa County Wisconsin | 11 | $ 1,121,000 | $ 101,000 | $ 43,000 |
| Black Hawk County Iowa | 10 | $ 1,132,000 | $ 113,000 | $ 69,000 |
| Stutsman County North Dakota | 10 | $ 831,000 | $ 83,000 | $ 42,000 |
| Union County South Dakota | 10 | $ 1,486,000 | $ 148,000 | $ 58,000 |
| Pierce County Wisconsin | 10 | $ 1,302,000 | $ 130,000 | $ 54,000 |
| Howard County Iowa | 9 | $ 678,000 | $ 75,000 | $ 56,000 |
| Stearns County Minnesota | 9 | $ 835,000 | $ 92,000 | $ 75,000 |
| Dane County Wisconsin | 9 | $ 1,304,000 | $ 144,000 | $ 74,000 |
| Sawyer County Wisconsin | 9 | $ 1,694,000 | $ 188,000 | $ 175,000 |
| Bremer County Iowa | 8 | $ 655,000 | $ 81,000 | $ 53,000 |
| Cerro Gordo County Iowa | 8 | $ 929,000 | $ 116,000 | $ 68,000 |
| Lincoln County Minnesota | 8 | $ 662,000 | $ 82,000 | $ 51,000 |
| Meeker County Minnesota | 8 | $ 924,000 | $ 115,000 | $ 43,000 |
| Pope County Minnesota | 8 | $ 873,000 | $ 109,000 | $ 49,000 |
| Scott County Minnesota | 8 | $ 1,486,000 | $ 185,000 | $ 63,000 |
| Crook County Wyoming | 8 | $ 1,283,000 | $ 160,000 | $ 67,000 |
| Chickasaw County Iowa | 7 | $ 565,000 | $ 80,000 | $ 53,000 |
| Dallas County Iowa | 7 | $ 1,033,000 | $ 147,000 | $ 133,000 |
| Grant County Minnesota | 7 | $ 762,000 | $ 108,000 | $ 116,000 |
| Lac qui Parle County Minnesota | 7 | $ 315,000 | $ 45,000 | $ 24,000 |
| Morrison County Minnesota | 7 | $ 942,000 | $ 134,000 | $ 48,000 |
| Renville County Minnesota | 7 | $ 533,000 | $ 76,000 | $ 45,000 |
| Watonwan County Minnesota | 7 | $ 670,000 | $ 95,000 | $ 42,000 |
| Douglas County Wisconsin | 7 | $ 660,000 | $ 94,000 | $ 58,000 |
| Woodbury County Iowa | 6 | $ 754,000 | $ 125,000 | $ 39,000 |
| Chisago County Minnesota | 6 | $ 887,000 | $ 147,000 | $ 66,000 |
| Pine County Minnesota | 6 | $ 604,000 | $ 100,000 | $ 46,000 |
| Red Lake County Minnesota | 6 | $ 394,000 | $ 65,000 | $ 40,000 |
| Wadena County Minnesota | 6 | $ 682,000 | $ 113,000 | $ 59,000 |
| Billings County North Dakota | 6 | $ 634,000 | $ 105,000 | $ 54,000 |
| Bottineau County North Dakota | 6 | $ 507,000 | $ 84,000 | $ 66,000 |
| Pierce County North Dakota | 6 | $ 485,000 | $ 80,000 | $ 58,000 |
| Pepin County Wisconsin | 6 | $ 614,000 | $ 102,000 | $ 36,000 |
| Richland County Wisconsin | 6 | $ 666,000 | $ 111,000 | $ 54,000 |
| Buchanan County Iowa | 5 | $ 455,000 | $ 91,000 | $ 49,000 |
| Winnebago County Iowa | 5 | $ 242,000 | $ 48,000 | $ 40,000 |
| Carlton County Minnesota | 5 | $ 817,000 | $ 163,000 | $ 58,000 |
| Mille Lacs County Minnesota | 5 | $ 557,000 | $ 111,000 | $ 54,000 |
| Sherburne County Minnesota | 5 | $ 818,000 | $ 163,000 | $ 63,000 |
| McLean County North Dakota | 5 | $ 349,000 | $ 69,000 | $ 50,000 |
| Clark County Wisconsin | 5 | $ 446,000 | $ 89,000 | $ 65,000 |
| Marquette County Wisconsin | 5 | $ 416,000 | $ 83,000 | $ 60,000 |
| Franklin County Iowa | 4 | $ 303,000 | $ 75,000 | $ 26,000 |
| Union County Iowa | 4 | $ 400,000 | $ 100,000 | $ 55,000 |
| Warren County Iowa | 4 | $ 530,000 | $ 132,000 | $ 52,000 |
| Carver County Minnesota | 4 | $ 708,000 | $ 177,000 | $ 80,000 |
| Itasca County Minnesota | 4 | $ 473,000 | $ 118,000 | $ 118,000 |
| Todd County Minnesota | 4 | $ 351,000 | $ 87,000 | $ 43,000 |
| Renville County North Dakota | 4 | $ 311,000 | $ 77,000 | $ 36,000 |
| Bayfield County Wisconsin | 4 | $ 725,000 | $ 181,000 | $ 182,000 |
| Jefferson County Iowa | 3 | $ 386,000 | $ 128,000 | $ 56,000 |
| Ringgold County Iowa | 3 | $ 591,000 | $ 197,000 | $ 160,000 |
| Aitkin County Minnesota | 3 | $ 618,000 | $ 206,000 | $ 69,000 |
| Chippewa County Minnesota | 3 | $ 176,000 | $ 58,000 | $ 53,000 |
| Kittson County Minnesota | 3 | $ 207,000 | $ 69,000 | $ 44,000 |
| Lake County Minnesota | 3 | $ 338,000 | $ 112,000 | $ 106,000 |
| Mahnomen County Minnesota | 3 | $ 231,000 | $ 77,000 | $ 89,000 |
| McLeod County Minnesota | 3 | $ 412,000 | $ 137,000 | $ 61,000 |
| Yellow Medicine County Minnesota | 3 | $ 343,000 | $ 114,000 | $ 54,000 |
| Eddy County North Dakota | 3 | $ 203,000 | $ 67,000 | $ 41,000 |
| Nelson County North Dakota | 3 | $ 164,000 | $ 54,000 | $ 48,000 |
| Rolette County North Dakota | 3 | $ 107,000 | $ 35,000 | $ 48,000 |
| Adams County Wisconsin | 3 | $ 248,000 | $ 82,000 | $ 46,000 |
| Columbia County Wisconsin | 3 | $ 500,000 | $ 166,000 | $ 49,000 |
| Dunn County Wisconsin | 3 | $ 453,000 | $ 151,000 | $ 59,000 |
| Rusk County Wisconsin | 3 | $ 287,000 | $ 95,000 | $ 41,000 |
| St. Croix County Wisconsin | 3 | $ 584,000 | $ 194,000 | $ 84,000 |
| Washburn County Wisconsin | 3 | $ 411,000 | $ 137,000 | $ 101,000 |
| Maricopa County Arizona | 2 | $ 253,000 | $ 126,000 | $ 57,000 |
| Cook County Illinois | 2 | $ 155,000 | $ 77,000 | $ 42,000 |
| Carroll County Iowa | 2 | $ 288,000 | $ 144,000 | $ 94,000 |
| Clayton County Iowa | 2 | $ 216,000 | $ 108,000 | $ 55,000 |
| Grundy County Iowa | 2 | $ 172,000 | $ 86,000 | $ 30,000 |
| Iowa County Iowa | 2 | $ 125,000 | $ 62,000 | $ 36,000 |
| Jackson County Iowa | 2 | $ 123,000 | $ 61,000 | $ 51,000 |
| Beltrami County Minnesota | 2 | $ 131,000 | $ 65,000 | $ 57,000 |
| Rock County Minnesota | 2 | $ 178,000 | $ 89,000 | $ 39,000 |
| Barnes County North Dakota | 2 | $ 116,000 | $ 58,000 | $ 33,000 |
| Benson County North Dakota | 2 | $ 199,000 | $ 99,000 | $ 206,000 |
| Cavalier County North Dakota | 2 | $ 152,000 | $ 76,000 | $ 33,000 |
| Hettinger County North Dakota | 2 | $ 183,000 | $ 91,000 | $ 43,000 |
| McHenry County North Dakota | 2 | $ 144,000 | $ 72,000 | $ 55,000 |
| Richland County North Dakota | 2 | $ 270,000 | $ 135,000 | $ 78,000 |
| Haakon County South Dakota | 2 | $ 126,000 | $ 63,000 | $ 69,000 |
| Minnehaha County South Dakota | 2 | $ 248,000 | $ 124,000 | $ 95,000 |
| Vilas County Wisconsin | 2 | $ 190,000 | $ 95,000 | $ 144,000 |
| Pima County Arizona | 1 | $ 170,000 | $ 170,000 | $ 24,000 |
| Benton County Arkansas | 1 | $ 62,000 | $ 62,000 | $ 31,000 |
| Denver County Colorado | 1 | $ 100,000 | $ 100,000 | $ 27,000 |
| Summit County Colorado | 1 | $ 148,000 | $ 148,000 | $ 0 |
| New Haven County Connecticut | 1 | $ 123,000 | $ 123,000 | $ 36,000 |
| Duval County Florida | 1 | $ 134,000 | $ 134,000 | $ 56,000 |
| Sarasota County Florida | 1 | $ 159,000 | $ 159,000 | $ 183,000 |
| McHenry County Illinois | 1 | $ 128,000 | $ 128,000 | $ 63,000 |
| Boone County Iowa | 1 | $ 207,000 | $ 207,000 | $ 98,000 |
| Butler County Iowa | 1 | $ 37,000 | $ 37,000 | $ 21,000 |
| Cedar County Iowa | 1 | $ 98,000 | $ 98,000 | $ 65,000 |
| Clarke County Iowa | 1 | $ 205,000 | $ 205,000 | $ 82,000 |
| Delaware County Iowa | 1 | $ 80,000 | $ 80,000 | $ 228,000 |
| Dickinson County Iowa | 1 | $ 86,000 | $ 86,000 | $ 21,000 |
| Guthrie County Iowa | 1 | $ 135,000 | $ 135,000 | $ 110,000 |
| Jasper County Iowa | 1 | $ 87,000 | $ 87,000 | $ 64,000 |
| Keokuk County Iowa | 1 | $ 125,000 | $ 125,000 | $ 58,000 |
| Lee County Iowa | 1 | $ 174,000 | $ 174,000 | $ 116,000 |
| Lyon County Iowa | 1 | $ 88,000 | $ 88,000 | $ 60,000 |
| Marion County Iowa | 1 | $ 160,000 | $ 160,000 | $ 53,000 |
| Monroe County Iowa | 1 | $ 167,000 | $ 167,000 | $ 65,000 |
| Muscatine County Iowa | 1 | $ 127,000 | $ 127,000 | $ 105,000 |
| Osceola County Iowa | 1 | $ 61,000 | $ 61,000 | $ 57,000 |
| Sac County Iowa | 1 | $ 43,000 | $ 43,000 | $ 41,000 |
| Tama County Iowa | 1 | $ 100,000 | $ 100,000 | $ 79,000 |
| Webster County Iowa | 1 | $ 90,000 | $ 90,000 | $ 34,000 |
| Wright County Iowa | 1 | $ 63,000 | $ 63,000 | $ 38,000 |
| Big Stone County Minnesota | 1 | $ 220,000 | $ 220,000 | $ 111,000 |
| Norman County Minnesota | 1 | $ 110,000 | $ 110,000 | $ 71,000 |
| Swift County Minnesota | 1 | $ 210,000 | $ 210,000 | $ 112,000 |
| Miller County Missouri | 1 | $ 85,000 | $ 85,000 | $ 257,000 |
| Putnam County Missouri | 1 | $ 307,000 | $ 307,000 | $ 158,000 |
| Madison County Montana | 1 | $ 141,000 | $ 141,000 | $ 81,000 |
| Clark County Nevada | 1 | $ 65,000 | $ 65,000 | $ 24,000 |
| Burleigh County North Dakota | 1 | $ 38,000 | $ 38,000 | $ 25,000 |
| Dunn County North Dakota | 1 | $ 48,000 | $ 48,000 | $ 60,000 |
| Golden Valley County North Dakota | 1 | $ 42,000 | $ 42,000 | $ 43,000 |
| Morton County North Dakota | 1 | $ 20,000 | $ 20,000 | $ 20,000 |
| Oliver County North Dakota | 1 | $ 75,000 | $ 75,000 | $ 53,000 |
| Steele County North Dakota | 1 | $ 120,000 | $ 120,000 | $ 34,000 |
| Towner County North Dakota | 1 | $ 42,000 | $ 42,000 | $ 35,000 |
| Wells County North Dakota | 1 | $ 85,000 | $ 85,000 | $ 58,000 |
| Codington County South Dakota | 1 | $ 60,000 | $ 60,000 | $ 66,000 |
| Perkins County South Dakota | 1 | $ 48,000 | $ 48,000 | $ 33,000 |
| Burnett County Wisconsin | 1 | $ 70,000 | $ 70,000 | $ 150,000 |
| Lafayette County Wisconsin | 1 | $ 78,000 | $ 78,000 | $ 50,000 |
| Milwaukee County Wisconsin | 1 | $ 85,000 | $ 85,000 | $ 69,000 |
| Oneida County Wisconsin | 1 | $ 140,000 | $ 140,000 | $ 103,000 |
| Rock County Wisconsin | 1 | $ 98,000 | $ 98,000 | $ 47,000 |
| Sheboygan County Wisconsin | 1 | $ 141,000 | $ 141,000 | $ 47,000 |
| Wood County Wisconsin | 1 | $ 109,000 | $ 109,000 | $ 114,000 |
| Albany County Wyoming | 1 | $ 156,000 | $ 156,000 | $ 81,000 |
Mortgage Loan Application Detail Totals for Merchants Bank, National Association in 2003
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 (home purchase or home improvement, one-to-four family) | 7,146 | $758,691,000 | $122,692 | $563,000 | $70,307 | $1,106,000 |
| Home Purchase (one-to-four family) | 1,748 | $207,050,000 | $127,750 | $323,000 | $55,916 | $790,000 |
| Home Improvement (one-to-four family) | 64 | $999,000 | $10,000 | $177,000 | $36,500 | $138,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 9 | $2,137,000 | $237,000 | $869,000 | $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 | 7,675 | $828,131,000 | $115,071 | $869,000 | $64,714 | $1,106,000 |
| Information not provided by applicant in mail or telephone application | 741 | $83,072,000 | $104,400 | $323,000 | $59,600 | $790,000 |
| Not applicable | 458 | $48,677,000 | $119,500 | $600,000 | $58,750 | $361,000 |
| Asian or Pacific Islander | 36 | $3,675,000 | $115,000 | $205,000 | $99,250 | $501,000 |
| Hispanic | 31 | $2,425,000 | $80,000 | $200,000 | $47,250 | $93,000 |
| American Indian or Alaskan Native | 17 | $2,060,000 | $134,666 | $323,000 | $86,666 | $162,000 |
| Black | 5 | $530,000 | $106,000 | $148,000 | $52,000 | $101,000 |
| Other | 4 | $307,000 | $84,500 | $140,000 | $41,500 | $48,000 |
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) | 8,952 | $967,179,000 | $118,466 | $869,000 | $65,533 | $1,106,000 |
| VA-guaranteed (Veterans Administration) | 8 | $1,099,000 | $125,500 | $182,000 | $45,500 | $76,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 7 | $599,000 | $81,500 | $169,000 | $47,500 | $56,000 |
| 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 | 7,963 | $860,291,000 | $108,615 | $869,000 | $55,153 | $1,106,000 |
| Loan Purchased By The Institution | 452 | $47,841,000 | $119,250 | $323,000 | $59,000 | $361,000 |
| Application Withdrawn By Applicant | 294 | $33,724,000 | $130,500 | $322,000 | $89,000 | $413,000 |
| Application Denied By Financial Institution | 127 | $12,756,000 | $105,000 | $300,000 | $44,800 | $136,000 |
| Application Approved But Not Accepted | 85 | $8,581,000 | $95,500 | $316,000 | $70,250 | $446,000 |
| File Closed For Incompleteness | 46 | $5,684,000 | $98,750 | $323,000 | $53,750 | $138,000 |
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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 54 | $5,962,000 | $115,800 | $300,000 | $34,600 | $120,000 |
| Credit History | 39 | $3,378,000 | $88,750 | $210,000 | $47,500 | $90,000 |
| Collateral | 19 | $1,819,000 | $79,400 | $265,000 | $46,600 | $136,000 |
| Other | 12 | $1,284,000 | $106,400 | $222,000 | $61,600 | $102,000 |
| Employment History | 2 | $209,000 | $104,500 | $167,000 | $14,500 | $29,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $104,000 | $104,000 | $104,000 | $40,000 | $40,000 |
| 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 Merchants Bank, National Association's 2003 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 Merchants Bank, National Association'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.