Merchants Bank, National Association
HMDA Loan Application Totals
and Mortgage Lending Details
for 2005
Merchants Bank, National Association 2005 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 | 3,566 |
| Total Mortgage Loan Application Amount | $447,663,000 |
| Average Mortgage Loan Application Amount | $150,857 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $78,000 |
| Highest Applicant Income | $609,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2005 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 2005 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 2005.
| 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 | 371 | $ 44,654,000 | $ 120,000 | $ 58,000 |
| Olmsted County Minnesota | 161 | $ 25,133,000 | $ 156,000 | $ 71,000 |
| Houston County Minnesota | 106 | $ 12,716,000 | $ 119,000 | $ 71,000 |
| La Crosse County Wisconsin | 94 | $ 11,998,000 | $ 127,000 | $ 71,000 |
| Blue Earth County Minnesota | 68 | $ 9,338,000 | $ 137,000 | $ 60,000 |
| Fillmore County Minnesota | 66 | $ 7,865,000 | $ 119,000 | $ 65,000 |
| Wabasha County Minnesota | 61 | $ 8,447,000 | $ 138,000 | $ 58,000 |
| Goodhue County Minnesota | 49 | $ 8,526,000 | $ 174,000 | $ 68,000 |
| Mower County Minnesota | 48 | $ 4,274,000 | $ 89,000 | $ 39,000 |
| Nobles County Minnesota | 43 | $ 3,606,000 | $ 83,000 | $ 30,000 |
| Koochiching County Minnesota | 38 | $ 4,080,000 | $ 107,000 | $ 51,000 |
| Trempealeau County Wisconsin | 38 | $ 4,310,000 | $ 113,000 | $ 49,000 |
| Dakota County Minnesota | 37 | $ 6,249,000 | $ 168,000 | $ 74,000 |
| Otter Tail County Minnesota | 37 | $ 5,692,000 | $ 153,000 | $ 100,000 |
| Wright County Minnesota | 33 | $ 5,002,000 | $ 151,000 | $ 50,000 |
| St. Louis County Minnesota | 32 | $ 4,748,000 | $ 148,000 | $ 62,000 |
| Steele County Minnesota | 32 | $ 4,379,000 | $ 136,000 | $ 44,000 |
| Waseca County Minnesota | 32 | $ 3,613,000 | $ 112,000 | $ 48,000 |
| Nicollet County Minnesota | 31 | $ 4,604,000 | $ 148,000 | $ 60,000 |
| Kandiyohi County Minnesota | 30 | $ 3,945,000 | $ 131,000 | $ 68,000 |
| Lyon County Minnesota | 30 | $ 2,985,000 | $ 99,000 | $ 46,000 |
| Dodge County Minnesota | 29 | $ 3,944,000 | $ 136,000 | $ 127,000 |
| Cass County North Dakota | 27 | $ 3,366,000 | $ 124,000 | $ 67,000 |
| Madison County Iowa | 24 | $ 3,784,000 | $ 157,000 | $ 63,000 |
| Douglas County Minnesota | 24 | $ 3,431,000 | $ 142,000 | $ 60,000 |
| Kanabec County Minnesota | 24 | $ 4,133,000 | $ 172,000 | $ 55,000 |
| Lawrence County South Dakota | 24 | $ 3,348,000 | $ 139,000 | $ 37,000 |
| Wapello County Iowa | 23 | $ 1,340,000 | $ 58,000 | $ 43,000 |
| Brown County Minnesota | 23 | $ 2,760,000 | $ 120,000 | $ 61,000 |
| Washington County Iowa | 21 | $ 2,916,000 | $ 138,000 | $ 72,000 |
| Clay County Minnesota | 21 | $ 2,055,000 | $ 97,000 | $ 54,000 |
| Cottonwood County Minnesota | 20 | $ 1,439,000 | $ 71,000 | $ 38,000 |
| Hubbard County Minnesota | 19 | $ 2,640,000 | $ 138,000 | $ 77,000 |
| Lake of the Woods County Minnesota | 18 | $ 1,640,000 | $ 91,000 | $ 42,000 |
| Rice County Minnesota | 18 | $ 2,706,000 | $ 150,000 | $ 63,000 |
| Grand Forks County North Dakota | 18 | $ 2,189,000 | $ 121,000 | $ 87,000 |
| Buffalo County Wisconsin | 18 | $ 1,720,000 | $ 95,000 | $ 49,000 |
| Hennepin County Minnesota | 17 | $ 3,146,000 | $ 185,000 | $ 164,000 |
| Henry County Iowa | 16 | $ 1,757,000 | $ 109,000 | $ 58,000 |
| Jones County Iowa | 16 | $ 1,574,000 | $ 98,000 | $ 72,000 |
| Winneshiek County Iowa | 16 | $ 1,843,000 | $ 115,000 | $ 61,000 |
| Roseau County Minnesota | 16 | $ 1,441,000 | $ 90,000 | $ 45,000 |
| Jackson County Minnesota | 15 | $ 1,325,000 | $ 88,000 | $ 44,000 |
| Le Sueur County Minnesota | 15 | $ 2,310,000 | $ 154,000 | $ 56,000 |
| Pennington County South Dakota | 14 | $ 2,387,000 | $ 170,000 | $ 71,000 |
| Becker County Minnesota | 13 | $ 1,968,000 | $ 151,000 | $ 48,000 |
| Meade County South Dakota | 13 | $ 1,954,000 | $ 150,000 | $ 64,000 |
| Freeborn County Minnesota | 12 | $ 1,218,000 | $ 101,000 | $ 50,000 |
| Murray County Minnesota | 12 | $ 966,000 | $ 80,000 | $ 58,000 |
| Barron County Wisconsin | 12 | $ 1,208,000 | $ 100,000 | $ 52,000 |
| Monroe County Wisconsin | 12 | $ 2,398,000 | $ 199,000 | $ 76,000 |
| Cerro Gordo County Iowa | 11 | $ 921,000 | $ 83,000 | $ 55,000 |
| Stark County North Dakota | 11 | $ 1,055,000 | $ 95,000 | $ 61,000 |
| Grant County Wisconsin | 11 | $ 1,173,000 | $ 106,000 | $ 63,000 |
| Jefferson County Iowa | 10 | $ 1,123,000 | $ 112,000 | $ 95,000 |
| Sibley County Minnesota | 10 | $ 1,159,000 | $ 115,000 | $ 79,000 |
| Custer County South Dakota | 10 | $ 1,846,000 | $ 184,000 | $ 101,000 |
| Jackson County Wisconsin | 10 | $ 1,302,000 | $ 130,000 | $ 71,000 |
| Polk County Minnesota | 9 | $ 751,000 | $ 83,000 | $ 51,000 |
| Butte County South Dakota | 9 | $ 1,049,000 | $ 116,000 | $ 36,000 |
| Douglas County Wisconsin | 9 | $ 1,190,000 | $ 132,000 | $ 59,000 |
| Greene County Iowa | 8 | $ 689,000 | $ 86,000 | $ 46,000 |
| Benton County Minnesota | 8 | $ 1,808,000 | $ 226,000 | $ 76,000 |
| Martin County Minnesota | 8 | $ 922,000 | $ 115,000 | $ 67,000 |
| Pembina County North Dakota | 8 | $ 746,000 | $ 93,000 | $ 91,000 |
| Ramsey County North Dakota | 8 | $ 533,000 | $ 66,000 | $ 56,000 |
| Walsh County North Dakota | 8 | $ 473,000 | $ 59,000 | $ 48,000 |
| Allamakee County Iowa | 7 | $ 820,000 | $ 117,000 | $ 59,000 |
| Worth County Iowa | 7 | $ 543,000 | $ 77,000 | $ 42,000 |
| Pine County Minnesota | 7 | $ 864,000 | $ 123,000 | $ 34,000 |
| Ramsey County Minnesota | 7 | $ 1,132,000 | $ 161,000 | $ 51,000 |
| Stearns County Minnesota | 7 | $ 769,000 | $ 109,000 | $ 65,000 |
| Vernon County Wisconsin | 7 | $ 923,000 | $ 131,000 | $ 58,000 |
| Faribault County Minnesota | 6 | $ 495,000 | $ 82,000 | $ 65,000 |
| Pennington County Minnesota | 6 | $ 487,000 | $ 81,000 | $ 50,000 |
| Fayette County Iowa | 5 | $ 305,000 | $ 61,000 | $ 29,000 |
| Johnson County Iowa | 5 | $ 811,000 | $ 162,000 | $ 81,000 |
| Linn County Iowa | 5 | $ 396,000 | $ 79,000 | $ 36,000 |
| Louisa County Iowa | 5 | $ 553,000 | $ 110,000 | $ 45,000 |
| Mitchell County Iowa | 5 | $ 591,000 | $ 118,000 | $ 60,000 |
| Lincoln County Minnesota | 5 | $ 472,000 | $ 94,000 | $ 56,000 |
| Marshall County Minnesota | 5 | $ 370,000 | $ 74,000 | $ 80,000 |
| Washington County Minnesota | 5 | $ 905,000 | $ 181,000 | $ 26,000 |
| Yellow Medicine County Minnesota | 5 | $ 428,000 | $ 85,000 | $ 42,000 |
| Fall River County South Dakota | 5 | $ 604,000 | $ 120,000 | $ 45,000 |
| Juneau County Wisconsin | 5 | $ 600,000 | $ 120,000 | $ 46,000 |
| Cedar County Iowa | 4 | $ 445,000 | $ 111,000 | $ 53,000 |
| Dallas County Iowa | 4 | $ 534,000 | $ 133,000 | $ 57,000 |
| Howard County Iowa | 4 | $ 279,000 | $ 69,000 | $ 32,000 |
| Lee County Iowa | 4 | $ 276,000 | $ 69,000 | $ 50,000 |
| Warren County Iowa | 4 | $ 615,000 | $ 153,000 | $ 50,000 |
| Anoka County Minnesota | 4 | $ 659,000 | $ 164,000 | $ 72,000 |
| Carlton County Minnesota | 4 | $ 428,000 | $ 107,000 | $ 61,000 |
| Isanti County Minnesota | 4 | $ 730,000 | $ 182,000 | $ 70,000 |
| Wadena County Minnesota | 4 | $ 457,000 | $ 114,000 | $ 43,000 |
| Mercer County North Dakota | 4 | $ 328,000 | $ 82,000 | $ 63,000 |
| Stutsman County North Dakota | 4 | $ 328,000 | $ 82,000 | $ 61,000 |
| Pierce County Wisconsin | 4 | $ 725,000 | $ 181,000 | $ 68,000 |
| Polk County Wisconsin | 4 | $ 332,000 | $ 83,000 | $ 35,000 |
| Clarke County Iowa | 3 | $ 203,000 | $ 67,000 | $ 44,000 |
| Des Moines County Iowa | 3 | $ 329,000 | $ 109,000 | $ 54,000 |
| Van Buren County Iowa | 3 | $ 197,000 | $ 65,000 | $ 49,000 |
| Cass County Minnesota | 3 | $ 331,000 | $ 110,000 | $ 55,000 |
| Meeker County Minnesota | 3 | $ 460,000 | $ 153,000 | $ 57,000 |
| Redwood County Minnesota | 3 | $ 428,000 | $ 142,000 | $ 62,000 |
| Scott County Minnesota | 3 | $ 839,000 | $ 279,000 | $ 56,000 |
| LaMoure County North Dakota | 3 | $ 402,000 | $ 134,000 | $ 57,000 |
| Morton County North Dakota | 3 | $ 338,000 | $ 112,000 | $ 80,000 |
| St. Croix County Wisconsin | 3 | $ 457,000 | $ 152,000 | $ 52,000 |
| Benton County Iowa | 2 | $ 125,000 | $ 62,000 | $ 18,000 |
| Hancock County Iowa | 2 | $ 168,000 | $ 84,000 | $ 44,000 |
| Keokuk County Iowa | 2 | $ 285,000 | $ 142,000 | $ 53,000 |
| Polk County Iowa | 2 | $ 195,000 | $ 97,000 | $ 40,000 |
| Wayne County Michigan | 2 | $ 182,000 | $ 91,000 | $ 40,000 |
| Beltrami County Minnesota | 2 | $ 240,000 | $ 120,000 | $ 130,000 |
| Crow Wing County Minnesota | 2 | $ 472,000 | $ 236,000 | $ 177,000 |
| Itasca County Minnesota | 2 | $ 382,000 | $ 191,000 | $ 148,000 |
| Lac qui Parle County Minnesota | 2 | $ 129,000 | $ 64,000 | $ 53,000 |
| McLeod County Minnesota | 2 | $ 439,000 | $ 219,000 | $ 79,000 |
| Mille Lacs County Minnesota | 2 | $ 252,000 | $ 126,000 | $ 38,000 |
| Morrison County Minnesota | 2 | $ 346,000 | $ 173,000 | $ 78,000 |
| Pope County Minnesota | 2 | $ 181,000 | $ 90,000 | $ 55,000 |
| Sherburne County Minnesota | 2 | $ 455,000 | $ 227,000 | $ 73,000 |
| Emmons County North Dakota | 2 | $ 95,000 | $ 47,000 | $ 44,000 |
| McLean County North Dakota | 2 | $ 200,000 | $ 100,000 | $ 54,000 |
| Union County South Dakota | 2 | $ 271,000 | $ 135,000 | $ 34,000 |
| Burnett County Wisconsin | 2 | $ 176,000 | $ 88,000 | $ 150,000 |
| Iowa County Wisconsin | 2 | $ 121,000 | $ 60,000 | $ 72,000 |
| Portage County Wisconsin | 2 | $ 244,000 | $ 122,000 | $ 88,000 |
| Crook County Wyoming | 2 | $ 587,000 | $ 293,000 | $ 72,000 |
| Maricopa County Arizona | 1 | $ 366,000 | $ 366,000 | $ 250,000 |
| Mohave County Arizona | 1 | $ 200,000 | $ 200,000 | $ 289,000 |
| Pima County Arizona | 1 | $ 160,000 | $ 160,000 | $ 120,000 |
| Summit County Colorado | 1 | $ 100,000 | $ 100,000 | $ 24,000 |
| Manatee County Florida | 1 | $ 255,000 | $ 255,000 | $ 192,000 |
| McHenry County Illinois | 1 | $ 336,000 | $ 336,000 | $ 74,000 |
| Black Hawk County Iowa | 1 | $ 85,000 | $ 85,000 | $ 48,000 |
| Carroll County Iowa | 1 | $ 88,000 | $ 88,000 | $ 61,000 |
| Chickasaw County Iowa | 1 | $ 225,000 | $ 225,000 | $ 63,000 |
| Delaware County Iowa | 1 | $ 63,000 | $ 63,000 | $ 39,000 |
| Dickinson County Iowa | 1 | $ 160,000 | $ 160,000 | $ 25,000 |
| Grundy County Iowa | 1 | $ 200,000 | $ 200,000 | $ 55,000 |
| Guthrie County Iowa | 1 | $ 180,000 | $ 180,000 | $ 240,000 |
| Iowa County Iowa | 1 | $ 62,000 | $ 62,000 | $ 29,000 |
| Jackson County Iowa | 1 | $ 60,000 | $ 60,000 | $ 28,000 |
| Kossuth County Iowa | 1 | $ 142,000 | $ 142,000 | $ 40,000 |
| Lucas County Iowa | 1 | $ 140,000 | $ 140,000 | $ 77,000 |
| Marshall County Iowa | 1 | $ 28,000 | $ 28,000 | $ 63,000 |
| Montgomery County Iowa | 1 | $ 38,000 | $ 38,000 | $ 33,000 |
| Muscatine County Iowa | 1 | $ 140,000 | $ 140,000 | $ 91,000 |
| Osceola County Iowa | 1 | $ 76,000 | $ 76,000 | $ 39,000 |
| Pottawattamie County Iowa | 1 | $ 131,000 | $ 131,000 | $ 78,000 |
| Story County Iowa | 1 | $ 60,000 | $ 60,000 | $ 54,000 |
| Tama County Iowa | 1 | $ 263,000 | $ 263,000 | $ 96,000 |
| Union County Iowa | 1 | $ 27,000 | $ 27,000 | $ 24,000 |
| Wayne County Iowa | 1 | $ 90,000 | $ 90,000 | $ 68,000 |
| Aitkin County Minnesota | 1 | $ 162,000 | $ 162,000 | $ 65,000 |
| Carver County Minnesota | 1 | $ 120,000 | $ 120,000 | $ 31,000 |
| Chippewa County Minnesota | 1 | $ 29,000 | $ 29,000 | $ 36,000 |
| Chisago County Minnesota | 1 | $ 227,000 | $ 227,000 | $ 71,000 |
| Clearwater County Minnesota | 1 | $ 103,000 | $ 103,000 | $ 41,000 |
| Cook County Minnesota | 1 | $ 79,000 | $ 79,000 | $ 29,000 |
| Red Lake County Minnesota | 1 | $ 104,000 | $ 104,000 | $ 48,000 |
| Todd County Minnesota | 1 | $ 100,000 | $ 100,000 | $ 35,000 |
| Watonwan County Minnesota | 1 | $ 114,000 | $ 114,000 | $ 67,000 |
| Greene County Missouri | 1 | $ 187,000 | $ 187,000 | $ 166,000 |
| Marion County Missouri | 1 | $ 82,000 | $ 82,000 | $ 48,000 |
| Douglas County Nebraska | 1 | $ 46,000 | $ 46,000 | $ 38,000 |
| Adams County North Dakota | 1 | $ 67,000 | $ 67,000 | $ 59,000 |
| Billings County North Dakota | 1 | $ 87,000 | $ 87,000 | $ 55,000 |
| Cavalier County North Dakota | 1 | $ 125,000 | $ 125,000 | $ 69,000 |
| Dickey County North Dakota | 1 | $ 67,000 | $ 67,000 | $ 58,000 |
| Golden Valley County North Dakota | 1 | $ 36,000 | $ 36,000 | $ 17,000 |
| Kidder County North Dakota | 1 | $ 59,000 | $ 59,000 | $ 22,000 |
| Ransom County North Dakota | 1 | $ 56,000 | $ 56,000 | $ 78,000 |
| Richland County North Dakota | 1 | $ 76,000 | $ 76,000 | $ 40,000 |
| Traill County North Dakota | 1 | $ 63,000 | $ 63,000 | $ 36,000 |
| Ward County North Dakota | 1 | $ 73,000 | $ 73,000 | $ 61,000 |
| Beadle County South Dakota | 1 | $ 178,000 | $ 178,000 | $ 70,000 |
| Deuel County South Dakota | 1 | $ 236,000 | $ 236,000 | $ 305,000 |
| Ashland County Wisconsin | 1 | $ 94,000 | $ 94,000 | $ 46,000 |
| Door County Wisconsin | 1 | $ 115,000 | $ 115,000 | $ 35,000 |
| Marquette County Wisconsin | 1 | $ 39,000 | $ 39,000 | $ 21,000 |
| Pepin County Wisconsin | 1 | $ 63,000 | $ 63,000 | $ 35,000 |
| Rusk County Wisconsin | 1 | $ 66,000 | $ 66,000 | $ 35,000 |
| Sawyer County Wisconsin | 1 | $ 104,000 | $ 104,000 | $ 35,000 |
| Wood County Wisconsin | 1 | $ 127,000 | $ 127,000 | $ 45,000 |
Mortgage Loan Application Detail Totals for Merchants Bank, National Association 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 Purchase | 1,892 | $248,092,000 | $151,636 | $1,000,000 | $87,727 | $609,000 |
| Refinancing | 1,518 | $184,160,000 | $172,000 | $744,000 | $78,545 | $482,000 |
| Home Improvement | 156 | $15,411,000 | $110,666 | $400,000 | $59,166 | $520,000 |
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 | 3,035 | $379,593,000 | $138,916 | $744,000 | $77,083 | $609,000 |
| Not applicable | 263 | $33,609,000 | $146,000 | $554,000 | $58,333 | $482,000 |
| Not Provided | 174 | $23,735,000 | $146,571 | $650,000 | $82,857 | $457,000 |
| Hispanic | 40 | $3,658,000 | $83,500 | $262,000 | $50,750 | $103,000 |
| Asian | 33 | $4,722,000 | $152,666 | $1,000,000 | $101,000 | $482,000 |
| Black or African American | 11 | $1,332,000 | $121,333 | $230,000 | $52,333 | $99,000 |
| American Indian or Alaskan Native | 8 | $798,000 | $96,000 | $197,000 | $94,000 | $289,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $216,000 | $108,000 | $110,000 | $32,000 | $40,000 |
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) | 3,556 | $446,445,000 | $159,142 | $1,000,000 | $81,500 | $609,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 5 | $369,000 | $72,500 | $120,000 | $37,250 | $47,000 |
| VA-guaranteed (Veterans Administration) | 5 | $849,000 | $160,000 | $235,000 | $64,000 | $87,000 |
| 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 | 3,055 | $378,277,000 | $136,583 | $744,000 | $73,333 | $609,000 |
| Loan Purchased By The Institution | 257 | $32,480,000 | $145,000 | $350,000 | $60,166 | $482,000 |
| Application Withdrawn By Applicant | 168 | $25,140,000 | $141,166 | $1,000,000 | $84,500 | $482,000 |
| Application Approved But Not Accepted | 37 | $5,228,000 | $158,750 | $279,000 | $90,750 | $166,000 |
| Application Denied By Financial Institution | 33 | $3,985,000 | $119,333 | $292,000 | $29,666 | $85,000 |
| File Closed For Incompleteness | 16 | $2,553,000 | $191,750 | $517,000 | $104,500 | $288,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 19 | $2,316,000 | $127,000 | $292,000 | $36,000 | $85,000 |
| Debt-To-Income Ratio | 10 | $1,268,000 | $127,333 | $225,000 | $22,666 | $71,000 |
| Collateral | 2 | $61,000 | $30,500 | $48,000 | $54,500 | $78,000 |
| Other | 1 | $160,000 | $160,000 | $160,000 | $40,000 | $40,000 |
| Unverifiable Information | 1 | $180,000 | $180,000 | $180,000 | $41,000 | $41,000 |
| 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 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 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.