Merchants Bank, National Association
Mortgage Loan Application
Totals and Details
for 2013
Find mortgage loan statistics, lending data, and loan application totals for Minnesota.
The mortgage statistics and data below are specific to mortgage loan applications for Merchants Bank, National Association.
Search for mortgage lenders by state, county, or metropolitan area
and explore the loan application details and stats broken down by several loan categories from 2003-2021.
| 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 | 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 4,769 |
| Total Mortgage Loan Application Amount | $759,615,000 |
| Average Mortgage Loan Application Amount | $142,000 |
| Highest Mortgage Loan Application Amount | $3,800,000 |
| Average Applicant Income | $82,666 |
| Highest Applicant Income | $1,537,000 |
Overall mortgage application loan totals and averages for this lender are provided for each year by county, metro area, and the entire US.
The loan data is broken down by loan purpose, loan type, applicant race, application outcome, and denial reason. With this information, you can get a detailed view of locations
where the mortgage lender is actively processing applications as well as the types and outcomes of loans from these applications.
As you search for mortgage loan stats and lending data in MN, the totals and averages will help you understand where the lender does business as well as the volume of business they do.
| 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 | 656 | $ 95,656,000 | $ 145,000 | $ 74,000 |
| Houston County Minnesota | 355 | $ 43,971,000 | $ 123,000 | $ 70,000 |
| Olmsted County Minnesota | 273 | $ 44,082,000 | $ 161,000 | $ 109,000 |
| Dakota County Minnesota | 263 | $ 55,710,000 | $ 211,000 | $ 107,000 |
| La Crosse County Wisconsin | 255 | $ 46,729,000 | $ 183,000 | $ 92,000 |
| Goodhue County Minnesota | 236 | $ 38,259,000 | $ 162,000 | $ 82,000 |
| Otter Tail County Minnesota | 162 | $ 26,948,000 | $ 166,000 | $ 87,000 |
| Hennepin County Minnesota | 131 | $ 31,544,000 | $ 240,000 | $ 109,000 |
| Washington County Minnesota | 96 | $ 20,449,000 | $ 213,000 | $ 121,000 |
| Washington County Iowa | 65 | $ 8,014,000 | $ 123,000 | $ 0 |
| Fillmore County Minnesota | 64 | $ 8,621,000 | $ 134,000 | $ 72,000 |
| St. Louis County Minnesota | 64 | $ 8,757,000 | $ 136,000 | $ 85,000 |
| Hubbard County Minnesota | 60 | $ 10,675,000 | $ 177,000 | $ 96,000 |
| Pennington County South Dakota | 57 | $ 8,598,000 | $ 150,000 | $ 3,000 |
| Lyon County Minnesota | 55 | $ 7,366,000 | $ 133,000 | $ 69,000 |
| McLean County North Dakota | 54 | $ 7,593,000 | $ 140,000 | $ 90,000 |
| Blue Earth County Minnesota | 53 | $ 8,324,000 | $ 157,000 | $ 87,000 |
| Cass County North Dakota | 49 | $ 8,627,000 | $ 176,000 | $ 103,000 |
| Grand Forks County North Dakota | 49 | $ 8,000,000 | $ 163,000 | $ 87,000 |
| Scott County Minnesota | 48 | $ 14,542,000 | $ 302,000 | $ 125,000 |
| Buffalo County Wisconsin | 48 | $ 6,551,000 | $ 136,000 | $ 56,000 |
| Trempealeau County Wisconsin | 46 | $ 6,991,000 | $ 151,000 | $ 68,000 |
| Roseau County Minnesota | 42 | $ 4,568,000 | $ 108,000 | $ 63,000 |
| Becker County Minnesota | 41 | $ 7,716,000 | $ 188,000 | $ 139,000 |
| Douglas County Minnesota | 41 | $ 6,469,000 | $ 157,000 | $ 82,000 |
| Lawrence County South Dakota | 39 | $ 7,645,000 | $ 196,000 | $ 4,000 |
| Steele County Minnesota | 38 | $ 6,110,000 | $ 160,000 | $ 97,000 |
| Ramsey County Minnesota | 36 | $ 7,465,000 | $ 207,000 | $ 117,000 |
| Sauk County Wisconsin | 36 | $ 5,139,000 | $ 142,000 | $ 87,000 |
| Nobles County Minnesota | 34 | $ 3,799,000 | $ 111,000 | $ 54,000 |
| Itasca County Minnesota | 33 | $ 5,544,000 | $ 168,000 | $ 100,000 |
| Wright County Minnesota | 33 | $ 5,241,000 | $ 158,000 | $ 75,000 |
| Wabasha County Minnesota | 32 | $ 5,420,000 | $ 169,000 | $ 72,000 |
| Ramsey County North Dakota | 32 | $ 4,804,000 | $ 150,000 | $ 195,000 |
| Jackson County Minnesota | 31 | $ 2,830,000 | $ 91,000 | $ 67,000 |
| Aitkin County Minnesota | 28 | $ 4,534,000 | $ 161,000 | $ 99,000 |
| Koochiching County Minnesota | 28 | $ 3,212,000 | $ 114,000 | $ 73,000 |
| Pennington County Minnesota | 26 | $ 2,889,000 | $ 111,000 | $ 71,000 |
| Pierce County Wisconsin | 26 | $ 3,630,000 | $ 139,000 | $ 75,000 |
| Cass County Minnesota | 23 | $ 3,635,000 | $ 158,000 | $ 99,000 |
| Rice County Minnesota | 23 | $ 4,593,000 | $ 199,000 | $ 95,000 |
| Meade County South Dakota | 23 | $ 3,835,000 | $ 166,000 | $ 20,000 |
| Faribault County Minnesota | 22 | $ 2,428,000 | $ 110,000 | $ 98,000 |
| Manitowoc County Wisconsin | 22 | $ 3,788,000 | $ 172,000 | $ 121,000 |
| Vernon County Wisconsin | 22 | $ 2,340,000 | $ 106,000 | $ 72,000 |
| Polk County Minnesota | 21 | $ 3,222,000 | $ 153,000 | $ 94,000 |
| Jefferson County Iowa | 20 | $ 2,844,000 | $ 142,000 | $ 40,000 |
| Carver County Minnesota | 20 | $ 4,400,000 | $ 220,000 | $ 109,000 |
| Cottonwood County Minnesota | 20 | $ 2,174,000 | $ 108,000 | $ 69,000 |
| McKenzie County North Dakota | 20 | $ 4,145,000 | $ 207,000 | $ 93,000 |
| Anoka County Minnesota | 19 | $ 3,459,000 | $ 182,000 | $ 99,000 |
| Nicollet County Minnesota | 19 | $ 2,750,000 | $ 144,000 | $ 74,000 |
| Walsh County North Dakota | 19 | $ 2,270,000 | $ 119,000 | $ 103,000 |
| Richland County Wisconsin | 19 | $ 2,253,000 | $ 118,000 | $ 77,000 |
| Kandiyohi County Minnesota | 17 | $ 2,793,000 | $ 164,000 | $ 78,000 |
| Waseca County Minnesota | 17 | $ 1,769,000 | $ 104,000 | $ 65,000 |
| Cerro Gordo County Iowa | 16 | $ 2,130,000 | $ 133,000 | $ 60,000 |
| Polk County Iowa | 16 | $ 2,356,000 | $ 147,000 | $ 83,000 |
| Sherburne County Minnesota | 16 | $ 2,436,000 | $ 152,000 | $ 103,000 |
| Crow Wing County Minnesota | 15 | $ 3,237,000 | $ 215,000 | $ 198,000 |
| Lake of the Woods County Minnesota | 15 | $ 1,815,000 | $ 121,000 | $ 69,000 |
| Mower County Minnesota | 15 | $ 1,739,000 | $ 115,000 | $ 55,000 |
| Butte County South Dakota | 15 | $ 2,072,000 | $ 138,000 | $ 8,000 |
| Barron County Wisconsin | 15 | $ 1,683,000 | $ 112,000 | $ 98,000 |
| Monroe County Wisconsin | 15 | $ 1,550,000 | $ 103,000 | $ 116,000 |
| Dodge County Minnesota | 14 | $ 2,230,000 | $ 159,000 | $ 63,000 |
| Pembina County North Dakota | 14 | $ 1,465,000 | $ 104,000 | $ 78,000 |
| Brown County Minnesota | 13 | $ 1,645,000 | $ 126,000 | $ 79,000 |
| Benton County Minnesota | 12 | $ 2,455,000 | $ 204,000 | $ 86,000 |
| Clay County Minnesota | 11 | $ 1,820,000 | $ 165,000 | $ 74,000 |
| Freeborn County Minnesota | 11 | $ 1,527,000 | $ 138,000 | $ 94,000 |
| Stearns County Minnesota | 11 | $ 2,151,000 | $ 195,000 | $ 122,000 |
| Burleigh County North Dakota | 11 | $ 2,074,000 | $ 188,000 | $ 75,000 |
| Washburn County Wisconsin | 11 | $ 1,521,000 | $ 138,000 | $ 82,000 |
| Henry County Iowa | 10 | $ 1,149,000 | $ 114,000 | $ 30,000 |
| Kanabec County Minnesota | 10 | $ 1,841,000 | $ 184,000 | $ 83,000 |
| Stark County North Dakota | 10 | $ 2,172,000 | $ 217,000 | $ 130,000 |
| Hughes County South Dakota | 10 | $ 1,218,000 | $ 121,000 | $ 79,000 |
| Walworth County Wisconsin | 10 | $ 2,217,000 | $ 221,000 | $ 108,000 |
| Maricopa County Arizona | 9 | $ 1,910,000 | $ 212,000 | $ 207,000 |
| Beltrami County Minnesota | 9 | $ 1,491,000 | $ 165,000 | $ 93,000 |
| Le Sueur County Minnesota | 9 | $ 2,104,000 | $ 233,000 | $ 170,000 |
| Grant County Wisconsin | 9 | $ 1,133,000 | $ 125,000 | $ 77,000 |
| Rock County Wisconsin | 9 | $ 1,371,000 | $ 152,000 | $ 145,000 |
| Des Moines County Iowa | 8 | $ 822,000 | $ 102,000 | $ 54,000 |
| Warren County Iowa | 8 | $ 1,530,000 | $ 191,000 | $ 68,000 |
| Kittson County Minnesota | 8 | $ 1,076,000 | $ 134,000 | $ 127,000 |
| Crawford County Wisconsin | 8 | $ 929,000 | $ 116,000 | $ 85,000 |
| Douglas County Wisconsin | 8 | $ 919,000 | $ 114,000 | $ 65,000 |
| Allamakee County Iowa | 7 | $ 730,000 | $ 104,000 | $ 49,000 |
| Murray County Minnesota | 7 | $ 712,000 | $ 101,000 | $ 102,000 |
| Red Lake County Minnesota | 7 | $ 704,000 | $ 100,000 | $ 72,000 |
| Sibley County Minnesota | 7 | $ 978,000 | $ 139,000 | $ 101,000 |
| LaMoure County North Dakota | 7 | $ 631,000 | $ 90,000 | $ 99,000 |
| Mercer County North Dakota | 7 | $ 804,000 | $ 114,000 | $ 67,000 |
| Johnson County Iowa | 6 | $ 959,000 | $ 159,000 | $ 23,000 |
| Linn County Iowa | 6 | $ 944,000 | $ 157,000 | $ 78,000 |
| Marion County Iowa | 6 | $ 784,000 | $ 130,000 | $ 0 |
| Winneshiek County Iowa | 6 | $ 765,000 | $ 127,000 | $ 58,000 |
| Marshall County Minnesota | 6 | $ 552,000 | $ 92,000 | $ 64,000 |
| St. Croix County Wisconsin | 6 | $ 1,259,000 | $ 209,000 | $ 89,000 |
| Lac qui Parle County Minnesota | 5 | $ 548,000 | $ 109,000 | $ 70,000 |
| Lincoln County Minnesota | 5 | $ 560,000 | $ 112,000 | $ 67,000 |
| Hettinger County North Dakota | 5 | $ 609,000 | $ 121,000 | $ 57,000 |
| Williams County North Dakota | 5 | $ 949,000 | $ 189,000 | $ 190,000 |
| Adams County Wisconsin | 5 | $ 555,000 | $ 111,000 | $ 125,000 |
| Pepin County Wisconsin | 5 | $ 641,000 | $ 128,000 | $ 84,000 |
| Mitchell County Iowa | 4 | $ 339,000 | $ 84,000 | $ 66,000 |
| Story County Iowa | 4 | $ 579,000 | $ 144,000 | $ 63,000 |
| Cook County Minnesota | 4 | $ 646,000 | $ 161,000 | $ 52,000 |
| Pope County Minnesota | 4 | $ 356,000 | $ 89,000 | $ 39,000 |
| Redwood County Minnesota | 4 | $ 560,000 | $ 140,000 | $ 70,000 |
| Todd County Minnesota | 4 | $ 420,000 | $ 105,000 | $ 79,000 |
| Nelson County North Dakota | 4 | $ 482,000 | $ 120,000 | $ 93,000 |
| Charles Mix County South Dakota | 4 | $ 414,000 | $ 103,000 | $ 50,000 |
| Sully County South Dakota | 4 | $ 757,000 | $ 189,000 | $ 108,000 |
| Chippewa County Wisconsin | 4 | $ 527,000 | $ 131,000 | $ 97,000 |
| Eau Claire County Wisconsin | 4 | $ 619,000 | $ 154,000 | $ 91,000 |
| Polk County Wisconsin | 4 | $ 601,000 | $ 150,000 | $ 75,000 |
| Sawyer County Wisconsin | 4 | $ 1,094,000 | $ 273,000 | $ 260,000 |
| Lee County Florida | 3 | $ 740,000 | $ 246,000 | $ 118,000 |
| Dickinson County Iowa | 3 | $ 842,000 | $ 280,000 | $ 96,000 |
| Keokuk County Iowa | 3 | $ 223,000 | $ 74,000 | $ 0 |
| Lee County Iowa | 3 | $ 463,000 | $ 154,000 | $ 97,000 |
| Worth County Iowa | 3 | $ 347,000 | $ 115,000 | $ 69,000 |
| Carlton County Minnesota | 3 | $ 334,000 | $ 111,000 | $ 60,000 |
| Grant County Minnesota | 3 | $ 271,000 | $ 90,000 | $ 55,000 |
| Meeker County Minnesota | 3 | $ 416,000 | $ 138,000 | $ 68,000 |
| Mille Lacs County Minnesota | 3 | $ 729,000 | $ 243,000 | $ 157,000 |
| Wadena County Minnesota | 3 | $ 309,000 | $ 103,000 | $ 66,000 |
| Watonwan County Minnesota | 3 | $ 341,000 | $ 113,000 | $ 122,000 |
| Yellow Medicine County Minnesota | 3 | $ 251,000 | $ 83,000 | $ 60,000 |
| Bowman County North Dakota | 3 | $ 385,000 | $ 128,000 | $ 197,000 |
| Pierce County North Dakota | 3 | $ 243,000 | $ 81,000 | $ 60,000 |
| Renville County North Dakota | 3 | $ 389,000 | $ 129,000 | $ 70,000 |
| Tripp County South Dakota | 3 | $ 181,000 | $ 60,000 | $ 99,000 |
| Dane County Wisconsin | 3 | $ 515,000 | $ 171,000 | $ 95,000 |
| Crook County Wyoming | 3 | $ 696,000 | $ 232,000 | $ 0 |
| Boone County Iowa | 2 | $ 422,000 | $ 211,000 | $ 111,000 |
| Bremer County Iowa | 2 | $ 177,000 | $ 88,000 | $ 87,000 |
| Dubuque County Iowa | 2 | $ 470,000 | $ 235,000 | $ 87,000 |
| Mahaska County Iowa | 2 | $ 358,000 | $ 179,000 | $ 52,000 |
| Van Buren County Iowa | 2 | $ 250,000 | $ 125,000 | $ 24,000 |
| Chisago County Minnesota | 2 | $ 239,000 | $ 119,000 | $ 48,000 |
| Isanti County Minnesota | 2 | $ 496,000 | $ 248,000 | $ 129,000 |
| Martin County Minnesota | 2 | $ 204,000 | $ 102,000 | $ 64,000 |
| McLeod County Minnesota | 2 | $ 200,000 | $ 100,000 | $ 68,000 |
| Billings County North Dakota | 2 | $ 272,000 | $ 136,000 | $ 88,000 |
| Dunn County North Dakota | 2 | $ 345,000 | $ 172,000 | $ 15,000 |
| Mountrail County North Dakota | 2 | $ 243,000 | $ 121,000 | $ 124,000 |
| Oliver County North Dakota | 2 | $ 343,000 | $ 171,000 | $ 71,000 |
| Steele County North Dakota | 2 | $ 201,000 | $ 100,000 | $ 92,000 |
| Ward County North Dakota | 2 | $ 216,000 | $ 108,000 | $ 64,000 |
| Hamlin County South Dakota | 2 | $ 396,000 | $ 198,000 | $ 177,000 |
| Lincoln County South Dakota | 2 | $ 236,000 | $ 118,000 | $ 56,000 |
| Stanley County South Dakota | 2 | $ 299,000 | $ 149,000 | $ 92,000 |
| Union County South Dakota | 2 | $ 253,000 | $ 126,000 | $ 69,000 |
| Dodge County Wisconsin | 2 | $ 91,000 | $ 45,000 | $ 24,000 |
| Juneau County Wisconsin | 2 | $ 213,000 | $ 106,000 | $ 124,000 |
| Kenosha County Wisconsin | 2 | $ 372,000 | $ 186,000 | $ 82,000 |
| Racine County Wisconsin | 2 | $ 362,000 | $ 181,000 | $ 114,000 |
| Rusk County Wisconsin | 2 | $ 158,000 | $ 79,000 | $ 60,000 |
| Waupaca County Wisconsin | 2 | $ 302,000 | $ 151,000 | $ 91,000 |
| Campbell County Wyoming | 2 | $ 350,000 | $ 175,000 | $ 0 |
| Lake County Florida | 1 | $ 103,000 | $ 103,000 | $ 70,000 |
| Polk County Florida | 1 | $ 152,000 | $ 152,000 | $ 66,000 |
| Maui County Hawaii | 1 | $ 384,000 | $ 384,000 | $ 113,000 |
| Cook County Illinois | 1 | $ 111,000 | $ 111,000 | $ 50,000 |
| Kane County Illinois | 1 | $ 315,000 | $ 315,000 | $ 82,000 |
| Knox County Illinois | 1 | $ 143,000 | $ 143,000 | $ 72,000 |
| McHenry County Illinois | 1 | $ 188,000 | $ 188,000 | $ 252,000 |
| Clarke County Iowa | 1 | $ 168,000 | $ 168,000 | $ 77,000 |
| Dallas County Iowa | 1 | $ 252,000 | $ 252,000 | $ 171,000 |
| Franklin County Iowa | 1 | $ 180,000 | $ 180,000 | $ 79,000 |
| Jackson County Iowa | 1 | $ 201,000 | $ 201,000 | $ 78,000 |
| Jones County Iowa | 1 | $ 74,000 | $ 74,000 | $ 37,000 |
| Louisa County Iowa | 1 | $ 116,000 | $ 116,000 | $ 0 |
| Madison County Iowa | 1 | $ 184,000 | $ 184,000 | $ 35,000 |
| Muscatine County Iowa | 1 | $ 101,000 | $ 101,000 | $ 75,000 |
| Osceola County Iowa | 1 | $ 48,000 | $ 48,000 | $ 61,000 |
| Scott County Iowa | 1 | $ 164,000 | $ 164,000 | $ 63,000 |
| Wapello County Iowa | 1 | $ 80,000 | $ 80,000 | $ 0 |
| Winnebago County Iowa | 1 | $ 245,000 | $ 245,000 | $ 117,000 |
| Big Stone County Minnesota | 1 | $ 54,000 | $ 54,000 | $ 95,000 |
| Morrison County Minnesota | 1 | $ 98,000 | $ 98,000 | $ 88,000 |
| Pine County Minnesota | 1 | $ 66,000 | $ 66,000 | $ 23,000 |
| Renville County Minnesota | 1 | $ 44,000 | $ 44,000 | $ 42,000 |
| Flathead County Montana | 1 | $ 244,000 | $ 244,000 | $ 206,000 |
| Lewis and Clark County Montana | 1 | $ 200,000 | $ 200,000 | $ 135,000 |
| Missoula County Montana | 1 | $ 163,000 | $ 163,000 | $ 104,000 |
| Lancaster County Nebraska | 1 | $ 124,000 | $ 124,000 | $ 66,000 |
| Platte County Nebraska | 1 | $ 226,000 | $ 226,000 | $ 80,000 |
| Benson County North Dakota | 1 | $ 80,000 | $ 80,000 | $ 113,000 |
| Morton County North Dakota | 1 | $ 248,000 | $ 248,000 | $ 162,000 |
| Sargent County North Dakota | 1 | $ 202,000 | $ 202,000 | $ 158,000 |
| Towner County North Dakota | 1 | $ 61,000 | $ 61,000 | $ 88,000 |
| Traill County North Dakota | 1 | $ 133,000 | $ 133,000 | $ 104,000 |
| Stark County Ohio | 1 | $ 185,000 | $ 185,000 | $ 102,000 |
| Campbell County South Dakota | 1 | $ 170,000 | $ 170,000 | $ 57,000 |
| Custer County South Dakota | 1 | $ 107,000 | $ 107,000 | $ 101,000 |
| Edmunds County South Dakota | 1 | $ 39,000 | $ 39,000 | $ 17,000 |
| Fall River County South Dakota | 1 | $ 149,000 | $ 149,000 | $ 141,000 |
| Gregory County South Dakota | 1 | $ 67,000 | $ 67,000 | $ 53,000 |
| Haakon County South Dakota | 1 | $ 75,000 | $ 75,000 | $ 55,000 |
| Harding County South Dakota | 1 | $ 75,000 | $ 75,000 | $ 0 |
| Minnehaha County South Dakota | 1 | $ 126,000 | $ 126,000 | $ 72,000 |
| Perkins County South Dakota | 1 | $ 116,000 | $ 116,000 | $ 0 |
| Potter County South Dakota | 1 | $ 106,000 | $ 106,000 | $ 58,000 |
| Spink County South Dakota | 1 | $ 111,000 | $ 111,000 | $ 34,000 |
| Bayfield County Wisconsin | 1 | $ 229,000 | $ 229,000 | $ 291,000 |
| Brown County Wisconsin | 1 | $ 150,000 | $ 150,000 | $ 61,000 |
| Calumet County Wisconsin | 1 | $ 148,000 | $ 148,000 | $ 42,000 |
| Jackson County Wisconsin | 1 | $ 63,000 | $ 63,000 | $ 49,000 |
| Jefferson County Wisconsin | 1 | $ 85,000 | $ 85,000 | $ 44,000 |
| Marathon County Wisconsin | 1 | $ 115,000 | $ 115,000 | $ 73,000 |
| Marquette County Wisconsin | 1 | $ 136,000 | $ 136,000 | $ 82,000 |
| Milwaukee County Wisconsin | 1 | $ 356,000 | $ 356,000 | $ 0 |
| Oneida County Wisconsin | 1 | $ 360,000 | $ 360,000 | $ 472,000 |
| Outagamie County Wisconsin | 1 | $ 164,000 | $ 164,000 | $ 105,000 |
| Price County Wisconsin | 1 | $ 96,000 | $ 96,000 | $ 107,000 |
| Sheboygan County Wisconsin | 1 | $ 97,000 | $ 97,000 | $ 37,000 |
| Vilas County Wisconsin | 1 | $ 335,000 | $ 335,000 | $ 277,000 |
| Waushara County Wisconsin | 1 | $ 417,000 | $ 417,000 | $ 409,000 |
| Carbon County Wyoming | 1 | $ 242,000 | $ 242,000 | $ 99,000 |
| Natrona County Wyoming | 1 | $ 415,000 | $ 415,000 | $ 0 |
The mortgage data stats below are displayed in sortable categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.
Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, the highest mortgage loan applied for within that category,
the average income of the mortgage applicants, and the highest income of the mortgage applicants.
You can also download the entire list of mortgage lenders along with their aggregated lending data for the state of Minnesota,
and search the same numbers and information back through 2003.
Mortgage Loan Application Detail Totals for Merchants Bank, National Association in 2013
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 | 2,966 | $457,378,000 | $154,000 | $3,800,000 | $83,000 | $1,537,000 |
| Home Purchase | 1,624 | $284,872,000 | $175,000 | $615,000 | $89,000 | $1,484,000 |
| Home Improvement | 179 | $17,365,000 | $97,000 | $417,000 | $76,000 | $558,000 |
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 | 3,720 | $573,148,000 | $154,000 | $3,800,000 | $90,000 | $1,537,000 |
| Not Provided | 627 | $115,374,000 | $184,000 | $905,000 | $99,000 | $922,000 |
| Not applicable | 335 | $59,596,000 | $177,000 | $2,440,000 | $0 | $0 |
| Hispanic | 42 | $5,381,000 | $128,000 | $400,000 | $69,000 | $260,000 |
| Asian | 30 | $3,824,000 | $127,000 | $411,000 | $81,000 | $400,000 |
| Black or African American | 11 | $1,655,000 | $150,000 | $273,000 | $75,000 | $138,000 |
| American Indian or Alaskan Native | 4 | $637,000 | $159,000 | $302,000 | $81,000 | $112,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
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) | 4,585 | $734,840,000 | $160,000 | $3,800,000 | $86,000 | $1,537,000 |
| FHA-insured (Federal Housing Administration) | 89 | $11,814,000 | $132,000 | $371,000 | $59,000 | $490,000 |
| VA-guaranteed (Veterans Administration) | 48 | $7,926,000 | $165,000 | $349,000 | $70,000 | $157,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 47 | $5,035,000 | $107,000 | $302,000 | $40,000 | $96,000 |
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 | 3,569 | $565,797,000 | $158,000 | $1,552,000 | $90,000 | $1,537,000 |
| Application Approved But Not Accepted | 425 | $76,689,000 | $180,000 | $3,800,000 | $100,000 | $922,000 |
| Application Denied By Financial Institution | 311 | $47,735,000 | $153,000 | $417,000 | $80,000 | $1,385,000 |
| Loan Purchased By The Institution | 233 | $34,264,000 | $147,000 | $415,000 | $0 | $0 |
| File Closed For Incompleteness | 140 | $22,196,000 | $158,000 | $400,000 | $82,000 | $412,000 |
| Application Withdrawn By Applicant | 91 | $12,934,000 | $142,000 | $417,000 | $67,000 | $386,000 |
| 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 | 99 | $16,964,000 | $171,000 | $408,000 | $113,000 | $1,385,000 |
| Debt-To-Income Ratio | 81 | $12,635,000 | $155,000 | $380,000 | $58,000 | $239,000 |
| Credit History | 61 | $7,170,000 | $117,000 | $291,000 | $64,000 | $155,000 |
| Other | 51 | $7,718,000 | $151,000 | $417,000 | $75,000 | $227,000 |
| Employment History | 9 | $1,202,000 | $133,000 | $299,000 | $47,000 | $92,000 |
| Mortgage Insurance Denied | 4 | $940,000 | $235,000 | $266,000 | $90,000 | $122,000 |
| Unverifiable Information | 3 | $689,000 | $229,000 | $341,000 | $100,000 | $234,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $417,000 | $139,000 | $212,000 | $83,000 | $118,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
These totals and details for mortgage applications will give you a better idea of what to expect when researching mortgage lenders. Whether you are looking for a home loan, for home refinancing, or for home improvement loan statistics, we have the information you need. This mortgage loan data gives you everything you need to know as you start your search for the best lenders in MN, and gives you an idea of what the best mortgage lenders really are.
If you prefer, you can download a copy of the entire list of mortgage lenders in Minnesota, and search similar information at your convenience.