Merchants Bank, National Association Mortgage Lending & HMDA Data, 2012
In 2012, Merchants Bank, National Association of Winona, MN reported 5,815 mortgage applications totaling $885.4 million, up 31% from 2011. The average application was for $152,266, and applicants reported an average income of $85,464. 82% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (687), La Crosse, WI-MN (635) and Rochester, MN (354) (applications in parentheses).
| 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 | 2025 2024 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 | 5,815 |
| Total Mortgage Loan Application Amount | $885,428,000 |
| Average Mortgage Loan Application Amount | $152,266 |
| Highest Mortgage Loan Application Amount | $2,900,000 |
| Average Applicant Income | $85,464 |
| Highest Applicant Income | $3,229,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Merchants Bank, National Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Winona, Minnesota | 861 | $ 118,039,000 | $ 137,095 | $ 70,000 |
| Houston, Minnesota | 366 | $ 43,199,000 | $ 118,030 | $ 67,000 |
| Dakota, Minnesota | 322 | $ 63,931,000 | $ 198,543 | $ 99,000 |
| Olmsted, Minnesota | 272 | $ 48,520,000 | $ 178,382 | $ 105,000 |
| La Crosse, Wisconsin | 269 | $ 38,456,000 | $ 142,959 | $ 79,000 |
| Goodhue, Minnesota | 267 | $ 40,908,000 | $ 153,213 | $ 85,000 |
| Otter Tail, Minnesota | 233 | $ 39,277,000 | $ 168,570 | $ 87,000 |
| Washington, Iowa | 114 | $ 14,618,000 | $ 128,228 | $ 0 |
| St. Louis, Minnesota | 107 | $ 16,453,000 | $ 153,766 | $ 91,000 |
| Roseau, Minnesota | 101 | $ 10,830,000 | $ 107,227 | $ 70,000 |
| Washington, Minnesota | 97 | $ 19,624,000 | $ 202,309 | $ 118,000 |
| Hennepin, Minnesota | 93 | $ 22,311,000 | $ 239,903 | $ 161,000 |
| Hubbard, Minnesota | 84 | $ 12,867,000 | $ 153,178 | $ 86,000 |
| Lyon, Minnesota | 82 | $ 11,485,000 | $ 140,060 | $ 72,000 |
| Fillmore, Minnesota | 77 | $ 10,165,000 | $ 132,012 | $ 73,000 |
| Steele, Minnesota | 76 | $ 11,248,000 | $ 148,000 | $ 88,000 |
| Douglas, Minnesota | 75 | $ 12,931,000 | $ 172,413 | $ 92,000 |
| Trempealeau, Wisconsin | 71 | $ 9,179,000 | $ 129,281 | $ 67,000 |
| Itasca, Minnesota | 66 | $ 11,361,000 | $ 172,136 | $ 83,000 |
| Blue Earth, Minnesota | 64 | $ 8,663,000 | $ 135,359 | $ 70,000 |
| Cass, North Dakota | 61 | $ 9,121,000 | $ 149,524 | $ 108,000 |
| Nobles, Minnesota | 59 | $ 6,820,000 | $ 115,593 | $ 74,000 |
| Buffalo, Wisconsin | 57 | $ 6,664,000 | $ 116,912 | $ 62,000 |
| Manitowoc, Wisconsin | 57 | $ 8,500,000 | $ 149,122 | $ 121,000 |
| Kandiyohi, Minnesota | 55 | $ 9,494,000 | $ 172,618 | $ 91,000 |
| Wabasha, Minnesota | 54 | $ 9,298,000 | $ 172,185 | $ 83,000 |
| Grand Forks, North Dakota | 54 | $ 7,749,000 | $ 143,500 | $ 112,000 |
| Cass, Minnesota | 50 | $ 7,898,000 | $ 157,960 | $ 86,000 |
| Richland, Wisconsin | 44 | $ 5,248,000 | $ 119,272 | $ 74,000 |
| McLean, North Dakota | 42 | $ 5,063,000 | $ 120,547 | $ 88,000 |
| Becker, Minnesota | 40 | $ 6,672,000 | $ 166,800 | $ 110,000 |
| Pennington, South Dakota | 40 | $ 6,278,000 | $ 156,950 | $ 103,000 |
| Hughes, South Dakota | 39 | $ 5,785,000 | $ 148,333 | $ 84,000 |
| Lawrence, South Dakota | 39 | $ 7,968,000 | $ 204,307 | $ 122,000 |
| Sauk, Wisconsin | 39 | $ 5,945,000 | $ 152,435 | $ 96,000 |
| Koochiching, Minnesota | 36 | $ 3,569,000 | $ 99,138 | $ 67,000 |
| Lake of the Woods, Minnesota | 35 | $ 4,452,000 | $ 127,200 | $ 80,000 |
| Ramsey, North Dakota | 35 | $ 4,683,000 | $ 133,800 | $ 152,000 |
| Faribault, Minnesota | 34 | $ 3,790,000 | $ 111,470 | $ 85,000 |
| Scott, Minnesota | 34 | $ 10,087,000 | $ 296,676 | $ 159,000 |
| Jackson, Minnesota | 30 | $ 2,969,000 | $ 98,966 | $ 89,000 |
| Pierce, Wisconsin | 30 | $ 4,594,000 | $ 153,133 | $ 76,000 |
| Aitkin, Minnesota | 28 | $ 3,752,000 | $ 134,000 | $ 74,000 |
| Dodge, Minnesota | 28 | $ 4,734,000 | $ 169,071 | $ 89,000 |
| Nicollet, Minnesota | 27 | $ 4,361,000 | $ 161,518 | $ 84,000 |
| Ramsey, Minnesota | 27 | $ 5,736,000 | $ 212,444 | $ 139,000 |
| Wright, Minnesota | 27 | $ 4,061,000 | $ 150,407 | $ 70,000 |
| Clay, Minnesota | 26 | $ 4,204,000 | $ 161,692 | $ 130,000 |
| Polk, Minnesota | 26 | $ 3,559,000 | $ 136,884 | $ 154,000 |
| Rice, Minnesota | 25 | $ 4,999,000 | $ 199,960 | $ 102,000 |
| Beltrami, Minnesota | 23 | $ 4,525,000 | $ 196,739 | $ 106,000 |
| Brown, Minnesota | 23 | $ 2,948,000 | $ 128,173 | $ 75,000 |
| Walsh, North Dakota | 23 | $ 2,443,000 | $ 106,217 | $ 80,000 |
| Douglas, Wisconsin | 22 | $ 2,703,000 | $ 122,863 | $ 89,000 |
| Waseca, Minnesota | 21 | $ 3,043,000 | $ 144,904 | $ 79,000 |
| Eau Claire, Wisconsin | 20 | $ 2,576,000 | $ 128,800 | $ 78,000 |
| Grant, Wisconsin | 20 | $ 1,976,000 | $ 98,800 | $ 71,000 |
| Henry, Iowa | 19 | $ 2,734,000 | $ 143,894 | $ 64,000 |
| Anoka, Minnesota | 19 | $ 3,735,000 | $ 196,578 | $ 97,000 |
| Crow Wing, Minnesota | 18 | $ 3,742,000 | $ 207,888 | $ 97,000 |
| Pennington, Minnesota | 17 | $ 2,307,000 | $ 135,705 | $ 82,000 |
| Stark, North Dakota | 17 | $ 3,130,000 | $ 184,117 | $ 112,000 |
| Marshall, Minnesota | 16 | $ 1,563,000 | $ 97,687 | $ 94,000 |
| Meade, South Dakota | 16 | $ 2,254,000 | $ 140,875 | $ 73,000 |
| Winneshiek, Iowa | 15 | $ 2,390,000 | $ 159,333 | $ 83,000 |
| Allamakee, Iowa | 14 | $ 1,447,000 | $ 103,357 | $ 85,000 |
| Cerro Gordo, Iowa | 14 | $ 1,508,000 | $ 107,714 | $ 74,000 |
| Jefferson, Iowa | 14 | $ 1,687,000 | $ 120,500 | $ 75,000 |
| Benton, Minnesota | 14 | $ 2,401,000 | $ 171,500 | $ 89,000 |
| Carver, Minnesota | 14 | $ 4,905,000 | $ 350,357 | $ 130,000 |
| Le Sueur, Minnesota | 14 | $ 2,412,000 | $ 172,285 | $ 120,000 |
| Stearns, Minnesota | 14 | $ 2,040,000 | $ 145,714 | $ 64,000 |
| Monroe, Wisconsin | 14 | $ 1,348,000 | $ 96,285 | $ 68,000 |
| Madison, Iowa | 13 | $ 2,577,000 | $ 198,230 | $ 140,000 |
| Story, Iowa | 13 | $ 2,341,000 | $ 180,076 | $ 103,000 |
| Pembina, North Dakota | 13 | $ 1,234,000 | $ 94,923 | $ 65,000 |
| Lincoln, Minnesota | 12 | $ 1,300,000 | $ 108,333 | $ 67,000 |
| Wadena, Minnesota | 12 | $ 1,383,000 | $ 115,250 | $ 56,000 |
| Marion, Iowa | 11 | $ 1,822,000 | $ 165,636 | $ 3,000 |
| Cottonwood, Minnesota | 11 | $ 913,000 | $ 83,000 | $ 74,000 |
| Murray, Minnesota | 11 | $ 1,366,000 | $ 124,181 | $ 105,000 |
| Sherburne, Minnesota | 11 | $ 1,597,000 | $ 145,181 | $ 69,000 |
| Polk, Wisconsin | 11 | $ 1,785,000 | $ 162,272 | $ 71,000 |
| Vernon, Wisconsin | 11 | $ 1,786,000 | $ 162,363 | $ 67,000 |
| Jasper, Iowa | 10 | $ 1,685,000 | $ 168,500 | $ 80,000 |
| Freeborn, Minnesota | 10 | $ 1,270,000 | $ 127,000 | $ 55,000 |
| Mower, Minnesota | 10 | $ 1,190,000 | $ 119,000 | $ 75,000 |
| St. Croix, Wisconsin | 10 | $ 1,545,000 | $ 154,500 | $ 109,000 |
| Des Moines, Iowa | 8 | $ 1,234,000 | $ 154,250 | $ 120,000 |
| Lac qui Parle, Minnesota | 8 | $ 598,000 | $ 74,750 | $ 63,000 |
| McKenzie, North Dakota | 8 | $ 1,601,000 | $ 200,125 | $ 85,000 |
| Jackson, Wisconsin | 8 | $ 879,000 | $ 109,875 | $ 52,000 |
| Keokuk, Iowa | 7 | $ 660,000 | $ 94,285 | $ 5,000 |
| Polk, Iowa | 7 | $ 1,583,000 | $ 226,142 | $ 30,000 |
| Kittson, Minnesota | 7 | $ 649,000 | $ 92,714 | $ 75,000 |
| Butte, South Dakota | 7 | $ 1,165,000 | $ 166,428 | $ 72,000 |
| Stanley, South Dakota | 7 | $ 1,153,000 | $ 164,714 | $ 121,000 |
| Johnson, Iowa | 6 | $ 1,684,000 | $ 280,666 | $ 168,000 |
| Kanabec, Minnesota | 6 | $ 872,000 | $ 145,333 | $ 83,000 |
| Redwood, Minnesota | 6 | $ 827,000 | $ 137,833 | $ 65,000 |
| Watonwan, Minnesota | 6 | $ 546,000 | $ 91,000 | $ 52,000 |
| Crawford, Wisconsin | 6 | $ 776,000 | $ 129,333 | $ 82,000 |
| Pepin, Wisconsin | 6 | $ 1,219,000 | $ 203,166 | $ 97,000 |
| Rock, Wisconsin | 6 | $ 748,000 | $ 124,666 | $ 73,000 |
| Worth, Iowa | 5 | $ 407,000 | $ 81,400 | $ 51,000 |
| Carlton, Minnesota | 5 | $ 836,000 | $ 167,200 | $ 83,000 |
| Grant, Minnesota | 5 | $ 902,000 | $ 180,400 | $ 84,000 |
| Martin, Minnesota | 5 | $ 561,000 | $ 112,200 | $ 90,000 |
| Meeker, Minnesota | 5 | $ 746,000 | $ 149,200 | $ 60,000 |
| Bowman, North Dakota | 5 | $ 431,000 | $ 86,200 | $ 66,000 |
| Brown, Wisconsin | 5 | $ 883,000 | $ 176,600 | $ 65,000 |
| Chippewa, Wisconsin | 5 | $ 929,000 | $ 185,800 | $ 103,000 |
| Sawyer, Wisconsin | 5 | $ 869,000 | $ 173,800 | $ 178,000 |
| Maricopa, Arizona | 4 | $ 805,000 | $ 201,250 | $ 240,000 |
| Lee, Iowa | 4 | $ 583,000 | $ 145,750 | $ 79,000 |
| Warren, Iowa | 4 | $ 754,000 | $ 188,500 | $ 111,000 |
| Cook, Minnesota | 4 | $ 444,000 | $ 111,000 | $ 53,000 |
| Morrison, Minnesota | 4 | $ 718,000 | $ 179,500 | $ 72,000 |
| Yellow Medicine, Minnesota | 4 | $ 659,000 | $ 164,750 | $ 108,000 |
| Benson, North Dakota | 4 | $ 843,000 | $ 210,750 | $ 140,000 |
| Burleigh, North Dakota | 4 | $ 916,000 | $ 229,000 | $ 78,000 |
| Pierce, North Dakota | 4 | $ 348,000 | $ 87,000 | $ 77,000 |
| Minnehaha, South Dakota | 4 | $ 510,000 | $ 127,500 | $ 57,000 |
| Sully, South Dakota | 4 | $ 407,000 | $ 101,750 | $ 80,000 |
| Burnett, Wisconsin | 4 | $ 783,000 | $ 195,750 | $ 128,000 |
| Juneau, Wisconsin | 4 | $ 382,000 | $ 95,500 | $ 44,000 |
| Sheboygan, Wisconsin | 4 | $ 1,015,000 | $ 253,750 | $ 354,000 |
| Black Hawk, Iowa | 3 | $ 664,000 | $ 221,333 | $ 95,000 |
| Bremer, Iowa | 3 | $ 557,000 | $ 185,666 | $ 61,000 |
| Dallas, Iowa | 3 | $ 620,000 | $ 206,666 | $ 153,000 |
| Louisa, Iowa | 3 | $ 371,000 | $ 123,666 | $ 53,000 |
| Van Buren, Iowa | 3 | $ 474,000 | $ 158,000 | $ 69,000 |
| Chisago, Minnesota | 3 | $ 773,000 | $ 257,666 | $ 108,000 |
| Mille Lacs, Minnesota | 3 | $ 395,000 | $ 131,666 | $ 53,000 |
| LaMoure, North Dakota | 3 | $ 406,000 | $ 135,333 | $ 98,000 |
| Williams, North Dakota | 3 | $ 653,000 | $ 217,666 | $ 109,000 |
| Custer, South Dakota | 3 | $ 306,000 | $ 102,000 | $ 63,000 |
| Gregory, South Dakota | 3 | $ 352,000 | $ 117,333 | $ 87,000 |
| Fond du Lac, Wisconsin | 3 | $ 297,000 | $ 99,000 | $ 101,000 |
| Portage, Wisconsin | 3 | $ 765,000 | $ 255,000 | $ 245,000 |
| Vilas, Wisconsin | 3 | $ 696,000 | $ 232,000 | $ 166,000 |
| Yavapai, Arizona | 2 | $ 537,000 | $ 268,500 | $ 363,000 |
| San Diego, California | 2 | $ 633,000 | $ 316,500 | $ 100,000 |
| Lee, Florida | 2 | $ 715,000 | $ 357,500 | $ 322,000 |
| Boone, Iowa | 2 | $ 376,000 | $ 188,000 | $ 41,000 |
| Kossuth, Iowa | 2 | $ 117,000 | $ 58,500 | $ 43,000 |
| Linn, Iowa | 2 | $ 273,000 | $ 136,500 | $ 85,000 |
| Mitchell, Iowa | 2 | $ 215,000 | $ 107,500 | $ 83,000 |
| Osceola, Iowa | 2 | $ 86,000 | $ 43,000 | $ 49,000 |
| Lake, Minnesota | 2 | $ 462,000 | $ 231,000 | $ 89,000 |
| Pine, Minnesota | 2 | $ 217,000 | $ 108,500 | $ 111,000 |
| Pope, Minnesota | 2 | $ 185,000 | $ 92,500 | $ 90,000 |
| Red Lake, Minnesota | 2 | $ 222,000 | $ 111,000 | $ 73,000 |
| Wilkin, Minnesota | 2 | $ 185,000 | $ 92,500 | $ 74,000 |
| St. Louis, Missouri | 2 | $ 165,000 | $ 82,500 | $ 52,000 |
| Durham, North Carolina | 2 | $ 348,000 | $ 174,000 | $ 202,000 |
| Griggs, North Dakota | 2 | $ 393,000 | $ 196,500 | $ 126,000 |
| Morton, North Dakota | 2 | $ 748,000 | $ 374,000 | $ 225,000 |
| Mountrail, North Dakota | 2 | $ 298,000 | $ 149,000 | $ 75,000 |
| Nelson, North Dakota | 2 | $ 136,000 | $ 68,000 | $ 45,000 |
| Towner, North Dakota | 2 | $ 192,000 | $ 96,000 | $ 60,000 |
| Fall River, South Dakota | 2 | $ 303,000 | $ 151,500 | $ 136,000 |
| Hamlin, South Dakota | 2 | $ 204,000 | $ 102,000 | $ 83,000 |
| Barron, Wisconsin | 2 | $ 281,000 | $ 140,500 | $ 100,000 |
| Bayfield, Wisconsin | 2 | $ 322,000 | $ 161,000 | $ 220,000 |
| Dane, Wisconsin | 2 | $ 480,000 | $ 240,000 | $ 124,000 |
| Dunn, Wisconsin | 2 | $ 2,213,000 | $ 1,106,500 | $ 28,000 |
| Walworth, Wisconsin | 2 | $ 462,000 | $ 231,000 | $ 104,000 |
| Waukesha, Wisconsin | 2 | $ 222,000 | $ 111,000 | $ 144,000 |
| Yuma, Arizona | 1 | $ 60,000 | $ 60,000 | $ 27,000 |
| Lake, Florida | 1 | $ 108,000 | $ 108,000 | $ 75,000 |
| Cook, Illinois | 1 | $ 203,000 | $ 203,000 | $ 56,000 |
| Kane, Illinois | 1 | $ 205,000 | $ 205,000 | $ 133,000 |
| McHenry, Illinois | 1 | $ 260,000 | $ 260,000 | $ 80,000 |
| Piatt, Illinois | 1 | $ 234,000 | $ 234,000 | $ 162,000 |
| Chickasaw, Iowa | 1 | $ 159,000 | $ 159,000 | $ 70,000 |
| Clayton, Iowa | 1 | $ 111,000 | $ 111,000 | $ 57,000 |
| Dickinson, Iowa | 1 | $ 233,000 | $ 233,000 | $ 88,000 |
| Fayette, Iowa | 1 | $ 6,000 | $ 6,000 | $ 26,000 |
| Greene, Iowa | 1 | $ 92,000 | $ 92,000 | $ 115,000 |
| Grundy, Iowa | 1 | $ 243,000 | $ 243,000 | $ 0 |
| Hancock, Iowa | 1 | $ 174,000 | $ 174,000 | $ 64,000 |
| Hardin, Iowa | 1 | $ 100,000 | $ 100,000 | $ 122,000 |
| Howard, Iowa | 1 | $ 63,000 | $ 63,000 | $ 61,000 |
| Humboldt, Iowa | 1 | $ 42,000 | $ 42,000 | $ 100,000 |
| Mahaska, Iowa | 1 | $ 215,000 | $ 215,000 | $ 0 |
| Monroe, Iowa | 1 | $ 244,000 | $ 244,000 | $ 0 |
| Palo Alto, Iowa | 1 | $ 144,000 | $ 144,000 | $ 104,000 |
| Poweshiek, Iowa | 1 | $ 172,000 | $ 172,000 | $ 0 |
| Wapello, Iowa | 1 | $ 96,000 | $ 96,000 | $ 90,000 |
| Woodbury, Iowa | 1 | $ 130,000 | $ 130,000 | $ 92,000 |
| Big Stone, Minnesota | 1 | $ 109,000 | $ 109,000 | $ 34,000 |
| Mahnomen, Minnesota | 1 | $ 62,000 | $ 62,000 | $ 78,000 |
| McLeod, Minnesota | 1 | $ 185,000 | $ 185,000 | $ 96,000 |
| Renville, Minnesota | 1 | $ 100,000 | $ 100,000 | $ 33,000 |
| Sibley, Minnesota | 1 | $ 147,000 | $ 147,000 | $ 71,000 |
| Swift, Minnesota | 1 | $ 196,000 | $ 196,000 | $ 57,000 |
| Todd, Minnesota | 1 | $ 110,000 | $ 110,000 | $ 86,000 |
| Jasper, Missouri | 1 | $ 81,000 | $ 81,000 | $ 56,000 |
| St. Charles, Missouri | 1 | $ 146,000 | $ 146,000 | $ 50,000 |
| Flathead, Montana | 1 | $ 225,000 | $ 225,000 | $ 235,000 |
| Clark, Nevada | 1 | $ 150,000 | $ 150,000 | $ 88,000 |
| Barnes, North Dakota | 1 | $ 190,000 | $ 190,000 | $ 66,000 |
| Bottineau, North Dakota | 1 | $ 80,000 | $ 80,000 | $ 31,000 |
| Cavalier, North Dakota | 1 | $ 92,000 | $ 92,000 | $ 37,000 |
| Hettinger, North Dakota | 1 | $ 50,000 | $ 50,000 | $ 54,000 |
| Traill, North Dakota | 1 | $ 126,000 | $ 126,000 | $ 104,000 |
| Ward, North Dakota | 1 | $ 150,000 | $ 150,000 | $ 74,000 |
| Aurora, South Dakota | 1 | $ 141,000 | $ 141,000 | $ 51,000 |
| Brookings, South Dakota | 1 | $ 163,000 | $ 163,000 | $ 92,000 |
| Codington, South Dakota | 1 | $ 182,000 | $ 182,000 | $ 80,000 |
| Davison, South Dakota | 1 | $ 240,000 | $ 240,000 | $ 110,000 |
| Deuel, South Dakota | 1 | $ 80,000 | $ 80,000 | $ 114,000 |
| Roberts, South Dakota | 1 | $ 89,000 | $ 89,000 | $ 54,000 |
| Sanborn, South Dakota | 1 | $ 129,000 | $ 129,000 | $ 81,000 |
| Union, South Dakota | 1 | $ 59,000 | $ 59,000 | $ 123,000 |
| Columbia, Wisconsin | 1 | $ 40,000 | $ 40,000 | $ 30,000 |
| Dodge, Wisconsin | 1 | $ 350,000 | $ 350,000 | $ 69,000 |
| Door, Wisconsin | 1 | $ 165,000 | $ 165,000 | $ 487,000 |
| Green Lake, Wisconsin | 1 | $ 178,000 | $ 178,000 | $ 186,000 |
| Iowa, Wisconsin | 1 | $ 212,000 | $ 212,000 | $ 461,000 |
| Marathon, Wisconsin | 1 | $ 190,000 | $ 190,000 | $ 173,000 |
| Milwaukee, Wisconsin | 1 | $ 48,000 | $ 48,000 | $ 0 |
| Outagamie, Wisconsin | 1 | $ 165,000 | $ 165,000 | $ 102,000 |
| Ozaukee, Wisconsin | 1 | $ 284,000 | $ 284,000 | $ 96,000 |
| Washburn, Wisconsin | 1 | $ 44,000 | $ 44,000 | $ 115,000 |
| Waushara, Wisconsin | 1 | $ 392,000 | $ 392,000 | $ 409,000 |
| Winnebago, Wisconsin | 1 | $ 380,000 | $ 380,000 | $ 103,000 |
| Campbell, Wyoming | 1 | $ 193,000 | $ 193,000 | $ 91,000 |
| Carbon, Wyoming | 1 | $ 120,000 | $ 120,000 | $ 102,000 |
| Crook, Wyoming | 1 | $ 118,000 | $ 118,000 | $ 35,000 |
Mortgage Loan Application Detail Totals for Merchants Bank, National Association in 2012
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 | 4,206 | $637,205,000 | $151,000 | $2,900,000 | $84,000 | $1,023,000 |
| Home Purchase | 1,426 | $231,366,000 | $162,000 | $900,000 | $91,000 | $3,229,000 |
| Home Improvement | 183 | $16,857,000 | $92,000 | $1,000,000 | $76,000 | $417,000 |
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 | 4,863 | $721,225,000 | $148,000 | $1,000,000 | $86,000 | $1,499,000 |
| Not Provided | 673 | $117,111,000 | $174,000 | $900,000 | $100,000 | $3,229,000 |
| Not applicable | 188 | $33,477,000 | $178,000 | $2,900,000 | $0 | $0 |
| Hispanic | 45 | $6,383,000 | $141,000 | $503,000 | $103,000 | $421,000 |
| Asian | 28 | $4,272,000 | $152,000 | $417,000 | $93,000 | $455,000 |
| Black or African American | 10 | $1,721,000 | $172,000 | $336,000 | $84,000 | $145,000 |
| American Indian or Alaskan Native | 7 | $1,028,000 | $146,000 | $193,000 | $81,000 | $128,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $211,000 | $211,000 | $211,000 | $484,000 | $484,000 |
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) | 5,597 | $856,037,000 | $152,000 | $2,900,000 | $87,000 | $3,229,000 |
| FHA-insured (Federal Housing Administration) | 132 | $17,511,000 | $132,000 | $332,000 | $51,000 | $210,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 45 | $5,272,000 | $117,000 | $277,000 | $43,000 | $76,000 |
| VA-guaranteed (Veterans Administration) | 41 | $6,608,000 | $161,000 | $343,000 | $73,000 | $304,000 |
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 | 4,773 | $721,399,000 | $151,000 | $2,900,000 | $88,000 | $3,229,000 |
| Application Denied By Financial Institution | 399 | $60,079,000 | $150,000 | $840,000 | $74,000 | $627,000 |
| Application Approved But Not Accepted | 348 | $60,680,000 | $174,000 | $644,000 | $100,000 | $1,200,000 |
| Loan Purchased By The Institution | 148 | $20,162,000 | $136,000 | $345,000 | $0 | $0 |
| Application Withdrawn By Applicant | 78 | $11,589,000 | $148,000 | $381,000 | $74,000 | $210,000 |
| File Closed For Incompleteness | 69 | $11,519,000 | $166,000 | $417,000 | $90,000 | $1,026,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 115 | $18,167,000 | $157,000 | $840,000 | $90,000 | $627,000 |
| Debt-To-Income Ratio | 101 | $16,300,000 | $161,000 | $403,000 | $62,000 | $205,000 |
| Credit History | 81 | $10,980,000 | $135,000 | $300,000 | $60,000 | $180,000 |
| Other | 78 | $11,108,000 | $142,000 | $320,000 | $86,000 | $297,000 |
| Employment History | 11 | $1,618,000 | $147,000 | $208,000 | $47,000 | $94,000 |
| Unverifiable Information | 4 | $618,000 | $154,000 | $214,000 | $61,000 | $72,000 |
| Mortgage Insurance Denied | 4 | $712,000 | $178,000 | $254,000 | $71,000 | $89,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $277,000 | $92,000 | $159,000 | $29,000 | $40,000 |
| Credit Application Incomplete | 2 | $299,000 | $149,000 | $207,000 | $109,000 | $115,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Merchants Bank, National Association's 2012 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.
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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
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