Merchants Bank, National Association
HMDA Loan Application Totals
and Mortgage Lending Details
for 2004
Merchants Bank, National Association 2004 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 | 3,697 |
| Total Mortgage Loan Application Amount | $448,722,000 |
| Average Mortgage Loan Application Amount | $147,880 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $98,280 |
| Highest Applicant Income | $8,413,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2004 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 2004 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 2004.
| 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 | 568 | $ 70,135,000 | $ 123,000 | $ 50,000 |
| Olmsted County Minnesota | 161 | $ 23,293,000 | $ 144,000 | $ 100,000 |
| Houston County Minnesota | 159 | $ 17,496,000 | $ 110,000 | $ 57,000 |
| Blue Earth County Minnesota | 147 | $ 20,201,000 | $ 137,000 | $ 65,000 |
| La Crosse County Wisconsin | 122 | $ 16,308,000 | $ 133,000 | $ 71,000 |
| Fillmore County Minnesota | 100 | $ 11,759,000 | $ 117,000 | $ 49,000 |
| Koochiching County Minnesota | 82 | $ 7,945,000 | $ 96,000 | $ 41,000 |
| Nobles County Minnesota | 77 | $ 6,198,000 | $ 80,000 | $ 36,000 |
| Trempealeau County Wisconsin | 71 | $ 7,895,000 | $ 111,000 | $ 61,000 |
| Otter Tail County Minnesota | 65 | $ 8,028,000 | $ 123,000 | $ 48,000 |
| Rice County Minnesota | 61 | $ 10,031,000 | $ 164,000 | $ 59,000 |
| Mower County Minnesota | 60 | $ 5,588,000 | $ 93,000 | $ 40,000 |
| Dakota County Minnesota | 55 | $ 9,585,000 | $ 174,000 | $ 65,000 |
| Wabasha County Minnesota | 54 | $ 7,794,000 | $ 144,000 | $ 68,000 |
| Roseau County Minnesota | 53 | $ 4,806,000 | $ 90,000 | $ 48,000 |
| Madison County Iowa | 50 | $ 7,216,000 | $ 144,000 | $ 69,000 |
| Kanabec County Minnesota | 50 | $ 6,817,000 | $ 136,000 | $ 55,000 |
| Steele County Minnesota | 50 | $ 6,921,000 | $ 138,000 | $ 58,000 |
| Kandiyohi County Minnesota | 48 | $ 6,451,000 | $ 134,000 | $ 55,000 |
| Goodhue County Minnesota | 46 | $ 7,451,000 | $ 161,000 | $ 84,000 |
| Wright County Minnesota | 46 | $ 7,034,000 | $ 152,000 | $ 61,000 |
| Nicollet County Minnesota | 45 | $ 6,630,000 | $ 147,000 | $ 56,000 |
| Lawrence County South Dakota | 45 | $ 5,803,000 | $ 128,000 | $ 229,000 |
| Washington County Iowa | 43 | $ 5,711,000 | $ 132,000 | $ 64,000 |
| Lake of the Woods County Minnesota | 43 | $ 4,275,000 | $ 99,000 | $ 54,000 |
| Buffalo County Wisconsin | 43 | $ 4,382,000 | $ 101,000 | $ 74,000 |
| Cottonwood County Minnesota | 37 | $ 2,959,000 | $ 79,000 | $ 50,000 |
| Waseca County Minnesota | 37 | $ 4,333,000 | $ 117,000 | $ 55,000 |
| Grand Forks County North Dakota | 35 | $ 4,353,000 | $ 124,000 | $ 84,000 |
| Dodge County Minnesota | 34 | $ 4,804,000 | $ 141,000 | $ 51,000 |
| Cass County North Dakota | 33 | $ 3,937,000 | $ 119,000 | $ 65,000 |
| Meade County South Dakota | 32 | $ 4,154,000 | $ 129,000 | $ 67,000 |
| Winneshiek County Iowa | 31 | $ 4,108,000 | $ 132,000 | $ 71,000 |
| Hubbard County Minnesota | 31 | $ 3,664,000 | $ 118,000 | $ 31,000 |
| Jackson County Minnesota | 31 | $ 2,750,000 | $ 88,000 | $ 54,000 |
| Douglas County Minnesota | 30 | $ 3,970,000 | $ 132,000 | $ 61,000 |
| Lyon County Minnesota | 30 | $ 3,336,000 | $ 111,000 | $ 63,000 |
| Faribault County Minnesota | 29 | $ 2,325,000 | $ 80,000 | $ 50,000 |
| Clay County Minnesota | 28 | $ 3,608,000 | $ 128,000 | $ 50,000 |
| St. Louis County Minnesota | 27 | $ 3,075,000 | $ 113,000 | $ 43,000 |
| Brown County Minnesota | 26 | $ 2,886,000 | $ 111,000 | $ 67,000 |
| Louisa County Iowa | 24 | $ 2,396,000 | $ 99,000 | $ 57,000 |
| Pennington County South Dakota | 24 | $ 3,168,000 | $ 132,000 | $ 81,000 |
| Wapello County Iowa | 23 | $ 2,130,000 | $ 92,000 | $ 37,000 |
| Le Sueur County Minnesota | 23 | $ 3,565,000 | $ 155,000 | $ 63,000 |
| Polk County Iowa | 22 | $ 3,497,000 | $ 158,000 | $ 68,000 |
| Jones County Iowa | 19 | $ 1,687,000 | $ 88,000 | $ 60,000 |
| Custer County South Dakota | 19 | $ 2,887,000 | $ 151,000 | $ 69,000 |
| Watonwan County Minnesota | 18 | $ 1,618,000 | $ 89,000 | $ 36,000 |
| Grant County Wisconsin | 18 | $ 1,794,000 | $ 99,000 | $ 49,000 |
| Stark County North Dakota | 17 | $ 1,078,000 | $ 63,000 | $ 44,000 |
| Ward County North Dakota | 17 | $ 1,570,000 | $ 92,000 | $ 66,000 |
| Becker County Minnesota | 16 | $ 2,455,000 | $ 153,000 | $ 55,000 |
| Murray County Minnesota | 16 | $ 1,545,000 | $ 96,000 | $ 51,000 |
| Walsh County North Dakota | 16 | $ 1,181,000 | $ 73,000 | $ 52,000 |
| Des Moines County Iowa | 15 | $ 1,776,000 | $ 118,000 | $ 61,000 |
| Isanti County Minnesota | 15 | $ 2,207,000 | $ 147,000 | $ 45,000 |
| Ramsey County North Dakota | 15 | $ 1,197,000 | $ 79,000 | $ 58,000 |
| Henry County Iowa | 14 | $ 1,351,000 | $ 96,000 | $ 47,000 |
| Story County Iowa | 14 | $ 1,748,000 | $ 124,000 | $ 75,000 |
| Martin County Minnesota | 14 | $ 1,300,000 | $ 92,000 | $ 38,000 |
| Barron County Wisconsin | 14 | $ 1,226,000 | $ 87,000 | $ 50,000 |
| Freeborn County Minnesota | 13 | $ 892,000 | $ 68,000 | $ 67,000 |
| Polk County Minnesota | 13 | $ 1,613,000 | $ 124,000 | $ 64,000 |
| Sibley County Minnesota | 13 | $ 1,076,000 | $ 82,000 | $ 34,000 |
| Butte County South Dakota | 13 | $ 878,000 | $ 67,000 | $ 37,000 |
| Jackson County Wisconsin | 13 | $ 1,291,000 | $ 99,000 | $ 67,000 |
| Monroe County Wisconsin | 13 | $ 1,802,000 | $ 138,000 | $ 64,000 |
| Cerro Gordo County Iowa | 11 | $ 956,000 | $ 86,000 | $ 38,000 |
| Washington County Minnesota | 11 | $ 1,693,000 | $ 153,000 | $ 55,000 |
| Fall River County South Dakota | 11 | $ 648,000 | $ 58,000 | $ 62,000 |
| Cedar County Iowa | 10 | $ 863,000 | $ 86,000 | $ 36,000 |
| Dallas County Iowa | 10 | $ 1,319,000 | $ 131,000 | $ 48,000 |
| Jefferson County Iowa | 10 | $ 768,000 | $ 76,000 | $ 64,000 |
| Linn County Iowa | 10 | $ 1,440,000 | $ 144,000 | $ 72,000 |
| Worth County Iowa | 10 | $ 658,000 | $ 65,000 | $ 34,000 |
| Allamakee County Iowa | 9 | $ 738,000 | $ 82,000 | $ 32,000 |
| Johnson County Iowa | 9 | $ 1,559,000 | $ 173,000 | $ 80,000 |
| Hennepin County Minnesota | 9 | $ 1,890,000 | $ 210,000 | $ 125,000 |
| Stearns County Minnesota | 9 | $ 1,657,000 | $ 184,000 | $ 78,000 |
| Stutsman County North Dakota | 9 | $ 696,000 | $ 77,000 | $ 44,000 |
| Crawford County Wisconsin | 9 | $ 819,000 | $ 91,000 | $ 104,000 |
| Vernon County Wisconsin | 9 | $ 1,115,000 | $ 123,000 | $ 69,000 |
| Greene County Iowa | 8 | $ 1,237,000 | $ 154,000 | $ 68,000 |
| Benton County Minnesota | 8 | $ 1,180,000 | $ 147,000 | $ 76,000 |
| Yellow Medicine County Minnesota | 8 | $ 802,000 | $ 100,000 | $ 57,000 |
| Pembina County North Dakota | 8 | $ 663,000 | $ 82,000 | $ 62,000 |
| Iowa County Wisconsin | 8 | $ 733,000 | $ 91,000 | $ 36,000 |
| Howard County Iowa | 7 | $ 635,000 | $ 90,000 | $ 52,000 |
| Cass County Minnesota | 7 | $ 1,312,000 | $ 187,000 | $ 103,000 |
| Meeker County Minnesota | 7 | $ 745,000 | $ 106,000 | $ 56,000 |
| Pennington County Minnesota | 7 | $ 476,000 | $ 68,000 | $ 57,000 |
| Fayette County Iowa | 6 | $ 541,000 | $ 90,000 | $ 49,000 |
| Mitchell County Iowa | 6 | $ 601,000 | $ 100,000 | $ 71,000 |
| Anoka County Minnesota | 6 | $ 794,000 | $ 132,000 | $ 90,000 |
| Carlton County Minnesota | 6 | $ 767,000 | $ 127,000 | $ 70,000 |
| Morrison County Minnesota | 6 | $ 607,000 | $ 101,000 | $ 47,000 |
| Douglas County Wisconsin | 6 | $ 677,000 | $ 112,000 | $ 54,000 |
| Juneau County Wisconsin | 6 | $ 494,000 | $ 82,000 | $ 49,000 |
| Washburn County Wisconsin | 6 | $ 730,000 | $ 121,000 | $ 88,000 |
| Kittson County Minnesota | 5 | $ 372,000 | $ 74,000 | $ 42,000 |
| McLeod County Minnesota | 5 | $ 584,000 | $ 116,000 | $ 44,000 |
| Wadena County Minnesota | 5 | $ 523,000 | $ 104,000 | $ 50,000 |
| Pierce County Wisconsin | 5 | $ 705,000 | $ 141,000 | $ 50,000 |
| Jackson County Iowa | 4 | $ 371,000 | $ 92,000 | $ 52,000 |
| Mille Lacs County Minnesota | 4 | $ 544,000 | $ 136,000 | $ 47,000 |
| Ramsey County Minnesota | 4 | $ 673,000 | $ 168,000 | $ 114,000 |
| Redwood County Minnesota | 4 | $ 232,000 | $ 58,000 | $ 42,000 |
| Buchanan County Iowa | 3 | $ 277,000 | $ 92,000 | $ 39,000 |
| Lee County Iowa | 3 | $ 246,000 | $ 82,000 | $ 29,000 |
| Muscatine County Iowa | 3 | $ 273,000 | $ 91,000 | $ 56,000 |
| Van Buren County Iowa | 3 | $ 264,000 | $ 88,000 | $ 53,000 |
| Warren County Iowa | 3 | $ 453,000 | $ 151,000 | $ 41,000 |
| Carver County Minnesota | 3 | $ 526,000 | $ 175,000 | $ 53,000 |
| Crow Wing County Minnesota | 3 | $ 627,000 | $ 209,000 | $ 25,000 |
| Lac qui Parle County Minnesota | 3 | $ 203,000 | $ 67,000 | $ 40,000 |
| Marshall County Minnesota | 3 | $ 202,000 | $ 67,000 | $ 66,000 |
| Scott County Minnesota | 3 | $ 621,000 | $ 207,000 | $ 78,000 |
| Todd County Minnesota | 3 | $ 429,000 | $ 143,000 | $ 98,000 |
| Pierce County North Dakota | 3 | $ 130,000 | $ 43,000 | $ 33,000 |
| Polk County Wisconsin | 3 | $ 437,000 | $ 145,000 | $ 87,000 |
| Sawyer County Wisconsin | 3 | $ 438,000 | $ 146,000 | $ 190,000 |
| Maricopa County Arizona | 2 | $ 513,000 | $ 256,000 | $ 163,000 |
| Benton County Iowa | 2 | $ 111,000 | $ 55,000 | $ 38,000 |
| Delaware County Iowa | 2 | $ 163,000 | $ 81,000 | $ 56,000 |
| Grundy County Iowa | 2 | $ 222,000 | $ 111,000 | $ 50,000 |
| Iowa County Iowa | 2 | $ 146,000 | $ 73,000 | $ 37,000 |
| Union County Iowa | 2 | $ 227,000 | $ 113,000 | $ 46,000 |
| Chisago County Minnesota | 2 | $ 510,000 | $ 255,000 | $ 56,000 |
| Itasca County Minnesota | 2 | $ 224,000 | $ 112,000 | $ 96,000 |
| Pine County Minnesota | 2 | $ 454,000 | $ 227,000 | $ 61,000 |
| Pipestone County Minnesota | 2 | $ 61,000 | $ 30,000 | $ 18,000 |
| Red Lake County Minnesota | 2 | $ 101,000 | $ 50,000 | $ 30,000 |
| Sherburne County Minnesota | 2 | $ 336,000 | $ 168,000 | $ 76,000 |
| Benson County North Dakota | 2 | $ 166,000 | $ 83,000 | $ 67,000 |
| Bottineau County North Dakota | 2 | $ 213,000 | $ 106,000 | $ 62,000 |
| Towner County North Dakota | 2 | $ 87,000 | $ 43,000 | $ 74,000 |
| Haakon County South Dakota | 2 | $ 90,000 | $ 45,000 | $ 27,000 |
| Chippewa County Wisconsin | 2 | $ 164,000 | $ 82,000 | $ 49,000 |
| Dane County Wisconsin | 2 | $ 269,000 | $ 134,000 | $ 43,000 |
| Eau Claire County Wisconsin | 2 | $ 118,000 | $ 59,000 | $ 26,000 |
| Pepin County Wisconsin | 2 | $ 454,000 | $ 227,000 | $ 97,000 |
| Arapahoe County Colorado | 1 | $ 202,000 | $ 202,000 | $ 82,000 |
| Summit County Colorado | 1 | $ 168,000 | $ 168,000 | $ 351,000 |
| Hawaii County Hawaii | 1 | $ 419,000 | $ 419,000 | $ 353,000 |
| Henderson County Illinois | 1 | $ 160,000 | $ 160,000 | $ 88,000 |
| Clarke County Iowa | 1 | $ 167,000 | $ 167,000 | $ 50,000 |
| Clayton County Iowa | 1 | $ 97,000 | $ 97,000 | $ 38,000 |
| Davis County Iowa | 1 | $ 175,000 | $ 175,000 | $ 39,000 |
| Dickinson County Iowa | 1 | $ 72,000 | $ 72,000 | $ 60,000 |
| Dubuque County Iowa | 1 | $ 93,000 | $ 93,000 | $ 45,000 |
| Floyd County Iowa | 1 | $ 53,000 | $ 53,000 | $ 24,000 |
| Hancock County Iowa | 1 | $ 93,000 | $ 93,000 | $ 53,000 |
| Keokuk County Iowa | 1 | $ 121,000 | $ 121,000 | $ 35,000 |
| Kossuth County Iowa | 1 | $ 78,000 | $ 78,000 | $ 50,000 |
| Osceola County Iowa | 1 | $ 22,000 | $ 22,000 | $ 34,000 |
| Ringgold County Iowa | 1 | $ 110,000 | $ 110,000 | $ 72,000 |
| Woodbury County Iowa | 1 | $ 63,000 | $ 63,000 | $ 22,000 |
| Aitkin County Minnesota | 1 | $ 52,000 | $ 52,000 | $ 35,000 |
| Beltrami County Minnesota | 1 | $ 150,000 | $ 150,000 | $ 82,000 |
| Chippewa County Minnesota | 1 | $ 250,000 | $ 250,000 | $ 90,000 |
| Cook County Minnesota | 1 | $ 68,000 | $ 68,000 | $ 54,000 |
| Grant County Minnesota | 1 | $ 169,000 | $ 169,000 | $ 63,000 |
| Lake County Minnesota | 1 | $ 144,000 | $ 144,000 | $ 41,000 |
| Lincoln County Minnesota | 1 | $ 125,000 | $ 125,000 | $ 77,000 |
| Mahnomen County Minnesota | 1 | $ 146,000 | $ 146,000 | $ 43,000 |
| Pope County Minnesota | 1 | $ 101,000 | $ 101,000 | $ 37,000 |
| Swift County Minnesota | 1 | $ 88,000 | $ 88,000 | $ 125,000 |
| Pettis County Missouri | 1 | $ 100,000 | $ 100,000 | $ 48,000 |
| Billings County North Dakota | 1 | $ 79,000 | $ 79,000 | $ 24,000 |
| Burleigh County North Dakota | 1 | $ 105,000 | $ 105,000 | $ 39,000 |
| Dunn County North Dakota | 1 | $ 162,000 | $ 162,000 | $ 121,000 |
| Emmons County North Dakota | 1 | $ 52,000 | $ 52,000 | $ 43,000 |
| Golden Valley County North Dakota | 1 | $ 47,000 | $ 47,000 | $ 48,000 |
| McIntosh County North Dakota | 1 | $ 76,000 | $ 76,000 | $ 78,000 |
| McLean County North Dakota | 1 | $ 109,000 | $ 109,000 | $ 40,000 |
| Mercer County North Dakota | 1 | $ 34,000 | $ 34,000 | $ 19,000 |
| Nelson County North Dakota | 1 | $ 31,000 | $ 31,000 | $ 21,000 |
| Richland County North Dakota | 1 | $ 101,000 | $ 101,000 | $ 103,000 |
| Traill County North Dakota | 1 | $ 79,000 | $ 79,000 | $ 47,000 |
| Lincoln County South Dakota | 1 | $ 144,000 | $ 144,000 | $ 38,000 |
| Union County South Dakota | 1 | $ 114,000 | $ 114,000 | $ 62,000 |
| Burnett County Wisconsin | 1 | $ 175,000 | $ 175,000 | $ 69,000 |
| Dunn County Wisconsin | 1 | $ 200,000 | $ 200,000 | $ 177,000 |
| Marathon County Wisconsin | 1 | $ 116,000 | $ 116,000 | $ 33,000 |
| Marquette County Wisconsin | 1 | $ 36,000 | $ 36,000 | $ 53,000 |
| Racine County Wisconsin | 1 | $ 100,000 | $ 100,000 | $ 49,000 |
| Sauk County Wisconsin | 1 | $ 90,000 | $ 90,000 | $ 45,000 |
| St. Croix County Wisconsin | 1 | $ 280,000 | $ 280,000 | $ 70,000 |
| Waukesha County Wisconsin | 1 | $ 144,000 | $ 144,000 | $ 79,000 |
| Campbell County Wyoming | 1 | $ 320,000 | $ 320,000 | $ 84,000 |
| Crook County Wyoming | 1 | $ 82,000 | $ 82,000 | $ 66,000 |
Mortgage Loan Application Detail Totals for Merchants Bank, National Association in 2004
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 | 1,892 | $216,226,000 | $112,333 | $930,000 | $93,888 | $559,000 |
| Home Purchase | 1,708 | $224,463,000 | $195,272 | $1,000,000 | $115,909 | $8,413,000 |
| Home Improvement | 97 | $8,033,000 | $107,600 | $920,000 | $67,400 | $403,000 |
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 | 3,193 | $385,246,000 | $168,666 | $563,000 | $121,000 | $8,413,000 |
| Not applicable | 317 | $40,451,000 | $193,800 | $1,000,000 | $64,200 | $1,361,000 |
| Not Provided | 120 | $15,158,000 | $114,833 | $331,000 | $67,833 | $300,000 |
| Hispanic | 30 | $3,656,000 | $110,000 | $322,000 | $54,000 | $355,000 |
| Asian | 23 | $2,389,000 | $94,000 | $238,000 | $29,666 | $98,000 |
| Black or African American | 7 | $970,000 | $138,000 | $260,000 | $127,000 | $368,000 |
| American Indian or Alaskan Native | 5 | $476,000 | $77,333 | $181,000 | $38,666 | $68,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $376,000 | $188,000 | $267,000 | $50,000 | $67,000 |
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) | 3,683 | $446,871,000 | $161,416 | $1,000,000 | $110,666 | $8,413,000 |
| VA-guaranteed (Veterans Administration) | 8 | $1,040,000 | $115,000 | $173,000 | $53,000 | $61,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 6 | $811,000 | $135,000 | $230,000 | $44,000 | $64,000 |
| 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 | 3,142 | $382,950,000 | $170,700 | $1,000,000 | $105,000 | $8,413,000 |
| Loan Purchased By The Institution | 306 | $35,891,000 | $134,400 | $920,000 | $68,000 | $1,361,000 |
| Application Withdrawn By Applicant | 145 | $18,018,000 | $93,600 | $456,000 | $51,400 | $618,000 |
| File Closed For Incompleteness | 37 | $5,121,000 | $145,000 | $320,000 | $71,333 | $144,000 |
| Application Approved But Not Accepted | 37 | $4,064,000 | $109,600 | $260,000 | $116,400 | $366,000 |
| Application Denied By Financial Institution | 29 | $2,633,000 | $100,333 | $268,000 | $48,666 | $169,000 |
| Preapproval Denied by Financial Institution | 1 | $45,000 | $45,000 | $45,000 | $42,000 | $42,000 |
| Preapproval Approved but not Accepted | 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 | 15 | $1,286,000 | $83,333 | $190,000 | $41,333 | $72,000 |
| Debt-To-Income Ratio | 7 | $792,000 | $144,000 | $268,000 | $57,000 | $87,000 |
| Other | 4 | $306,000 | $63,500 | $101,000 | $49,500 | $56,000 |
| Collateral | 3 | $287,000 | $100,000 | $114,000 | $44,000 | $45,000 |
| Unverifiable Information | 1 | $7,000 | $7,000 | $7,000 | $169,000 | $169,000 |
| Credit Application Incomplete | 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 Merchants Bank, National Association's 2004 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.