Merchants Bank, National Association
HMDA Loan Application Totals
and Mortgage Lending Details
for 2014
Merchants Bank, National Association 2014 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 | 2,608 |
| Total Mortgage Loan Application Amount | $444,411,000 |
| Average Mortgage Loan Application Amount | $139,000 |
| Highest Mortgage Loan Application Amount | $9,600,000 |
| Average Applicant Income | $82,333 |
| Highest Applicant Income | $2,652,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2014 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 2014 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 2014.
| 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 | 370 | $ 49,154,000 | $ 132,000 | $ 72,000 |
| Dakota County Minnesota | 182 | $ 38,748,000 | $ 212,000 | $ 101,000 |
| La Crosse County Wisconsin | 173 | $ 28,960,000 | $ 167,000 | $ 89,000 |
| Houston County Minnesota | 146 | $ 17,854,000 | $ 122,000 | $ 60,000 |
| Olmsted County Minnesota | 137 | $ 24,752,000 | $ 180,000 | $ 89,000 |
| Hennepin County Minnesota | 100 | $ 24,078,000 | $ 240,000 | $ 126,000 |
| Goodhue County Minnesota | 96 | $ 15,209,000 | $ 158,000 | $ 90,000 |
| Otter Tail County Minnesota | 85 | $ 12,508,000 | $ 147,000 | $ 68,000 |
| Fillmore County Minnesota | 60 | $ 7,786,000 | $ 129,000 | $ 77,000 |
| Washington County Minnesota | 59 | $ 14,183,000 | $ 240,000 | $ 110,000 |
| Grand Forks County North Dakota | 45 | $ 7,242,000 | $ 160,000 | $ 105,000 |
| Ramsey County Minnesota | 38 | $ 7,268,000 | $ 191,000 | $ 82,000 |
| St. Louis County Minnesota | 35 | $ 5,572,000 | $ 159,000 | $ 93,000 |
| Hubbard County Minnesota | 32 | $ 6,057,000 | $ 189,000 | $ 93,000 |
| Lyon County Minnesota | 31 | $ 4,827,000 | $ 155,000 | $ 81,000 |
| Scott County Minnesota | 30 | $ 7,642,000 | $ 254,000 | $ 113,000 |
| Lawrence County South Dakota | 29 | $ 5,458,000 | $ 188,000 | $ 0 |
| Rice County Minnesota | 27 | $ 4,702,000 | $ 174,000 | $ 89,000 |
| Eau Claire County Wisconsin | 26 | $ 12,901,000 | $ 496,000 | $ 43,000 |
| Nobles County Minnesota | 24 | $ 2,328,000 | $ 97,000 | $ 59,000 |
| Anoka County Minnesota | 22 | $ 5,715,000 | $ 259,000 | $ 106,000 |
| Cass County North Dakota | 22 | $ 4,655,000 | $ 211,000 | $ 107,000 |
| Pennington County South Dakota | 22 | $ 4,620,000 | $ 210,000 | $ 0 |
| Washington County Iowa | 21 | $ 2,990,000 | $ 142,000 | $ 0 |
| McLean County North Dakota | 21 | $ 3,675,000 | $ 175,000 | $ 82,000 |
| Wabasha County Minnesota | 20 | $ 3,224,000 | $ 161,000 | $ 98,000 |
| Cottonwood County Minnesota | 18 | $ 1,627,000 | $ 90,000 | $ 61,000 |
| Buffalo County Wisconsin | 18 | $ 2,340,000 | $ 130,000 | $ 70,000 |
| Carver County Minnesota | 17 | $ 5,798,000 | $ 341,000 | $ 219,000 |
| Stearns County Minnesota | 17 | $ 3,392,000 | $ 199,000 | $ 103,000 |
| Wright County Minnesota | 17 | $ 3,256,000 | $ 191,000 | $ 86,000 |
| Ramsey County North Dakota | 17 | $ 2,852,000 | $ 167,000 | $ 109,000 |
| Blue Earth County Minnesota | 16 | $ 2,933,000 | $ 183,000 | $ 89,000 |
| Crow Wing County Minnesota | 16 | $ 2,708,000 | $ 169,000 | $ 95,000 |
| Dodge County Minnesota | 16 | $ 2,155,000 | $ 134,000 | $ 80,000 |
| McKenzie County North Dakota | 16 | $ 3,382,000 | $ 211,000 | $ 91,000 |
| Sauk County Wisconsin | 16 | $ 2,279,000 | $ 142,000 | $ 93,000 |
| Trempealeau County Wisconsin | 16 | $ 2,074,000 | $ 129,000 | $ 83,000 |
| Aitkin County Minnesota | 15 | $ 2,064,000 | $ 137,000 | $ 131,000 |
| Vernon County Wisconsin | 15 | $ 1,822,000 | $ 121,000 | $ 72,000 |
| Jefferson County Iowa | 14 | $ 2,031,000 | $ 145,000 | $ 23,000 |
| Steele County Minnesota | 14 | $ 1,597,000 | $ 114,000 | $ 74,000 |
| Cass County Minnesota | 13 | $ 2,482,000 | $ 190,000 | $ 118,000 |
| Jackson County Minnesota | 13 | $ 1,301,000 | $ 100,000 | $ 80,000 |
| Mercer County North Dakota | 12 | $ 1,508,000 | $ 125,000 | $ 68,000 |
| Polk County Minnesota | 11 | $ 2,147,000 | $ 195,000 | $ 112,000 |
| Monroe County Wisconsin | 11 | $ 1,801,000 | $ 163,000 | $ 103,000 |
| Cerro Gordo County Iowa | 10 | $ 1,078,000 | $ 107,000 | $ 78,000 |
| Brown County Minnesota | 10 | $ 1,373,000 | $ 137,000 | $ 56,000 |
| Becker County Minnesota | 9 | $ 1,840,000 | $ 204,000 | $ 92,000 |
| Faribault County Minnesota | 9 | $ 842,000 | $ 93,000 | $ 84,000 |
| Sherburne County Minnesota | 9 | $ 2,094,000 | $ 232,000 | $ 135,000 |
| Meade County South Dakota | 9 | $ 1,926,000 | $ 214,000 | $ 0 |
| Linn County Iowa | 8 | $ 1,463,000 | $ 182,000 | $ 105,000 |
| Nicollet County Minnesota | 8 | $ 1,087,000 | $ 135,000 | $ 74,000 |
| Manitowoc County Wisconsin | 8 | $ 1,138,000 | $ 142,000 | $ 96,000 |
| Pierce County Wisconsin | 8 | $ 1,214,000 | $ 151,000 | $ 60,000 |
| Richland County Wisconsin | 8 | $ 1,164,000 | $ 145,000 | $ 77,000 |
| Benton County Minnesota | 7 | $ 1,327,000 | $ 189,000 | $ 89,000 |
| Freeborn County Minnesota | 7 | $ 619,000 | $ 88,000 | $ 66,000 |
| Douglas County Wisconsin | 7 | $ 1,146,000 | $ 163,000 | $ 114,000 |
| Grant County Wisconsin | 7 | $ 631,000 | $ 90,000 | $ 76,000 |
| Winnebago County Illinois | 6 | $ 1,005,000 | $ 167,000 | $ 162,000 |
| Kandiyohi County Minnesota | 6 | $ 789,000 | $ 131,000 | $ 64,000 |
| Kittson County Minnesota | 6 | $ 807,000 | $ 134,000 | $ 68,000 |
| Mower County Minnesota | 6 | $ 890,000 | $ 148,000 | $ 56,000 |
| Bowman County North Dakota | 6 | $ 804,000 | $ 134,000 | $ 78,000 |
| Pembina County North Dakota | 6 | $ 458,000 | $ 76,000 | $ 70,000 |
| Stark County North Dakota | 6 | $ 1,455,000 | $ 242,000 | $ 112,000 |
| Chippewa County Wisconsin | 6 | $ 1,260,000 | $ 210,000 | $ 141,000 |
| Crawford County Wisconsin | 6 | $ 910,000 | $ 151,000 | $ 103,000 |
| Winneshiek County Iowa | 5 | $ 746,000 | $ 149,000 | $ 59,000 |
| Beltrami County Minnesota | 5 | $ 1,356,000 | $ 271,000 | $ 374,000 |
| Douglas County Minnesota | 5 | $ 1,089,000 | $ 217,000 | $ 115,000 |
| Wadena County Minnesota | 5 | $ 653,000 | $ 130,000 | $ 65,000 |
| Walworth County Wisconsin | 5 | $ 871,000 | $ 174,000 | $ 144,000 |
| Maricopa County Arizona | 4 | $ 1,074,000 | $ 268,000 | $ 161,000 |
| Allamakee County Iowa | 4 | $ 441,000 | $ 110,000 | $ 85,000 |
| Henry County Iowa | 4 | $ 347,000 | $ 86,000 | $ 39,000 |
| Marion County Iowa | 4 | $ 474,000 | $ 118,000 | $ 9,000 |
| Chisago County Minnesota | 4 | $ 839,000 | $ 209,000 | $ 99,000 |
| Isanti County Minnesota | 4 | $ 841,000 | $ 210,000 | $ 80,000 |
| Marshall County Minnesota | 4 | $ 466,000 | $ 116,000 | $ 98,000 |
| Martin County Minnesota | 4 | $ 459,000 | $ 114,000 | $ 53,000 |
| Murray County Minnesota | 4 | $ 507,000 | $ 126,000 | $ 79,000 |
| Redwood County Minnesota | 4 | $ 803,000 | $ 200,000 | $ 128,000 |
| Waseca County Minnesota | 4 | $ 589,000 | $ 147,000 | $ 67,000 |
| Nelson County North Dakota | 4 | $ 281,000 | $ 70,000 | $ 89,000 |
| Walsh County North Dakota | 4 | $ 478,000 | $ 119,000 | $ 89,000 |
| Butte County South Dakota | 4 | $ 658,000 | $ 164,000 | $ 0 |
| Custer County South Dakota | 4 | $ 809,000 | $ 202,000 | $ 0 |
| Barron County Wisconsin | 4 | $ 735,000 | $ 183,000 | $ 741,000 |
| Bayfield County Wisconsin | 4 | $ 575,000 | $ 143,000 | $ 80,000 |
| Milwaukee County Wisconsin | 4 | $ 1,862,000 | $ 465,000 | $ 77,000 |
| Pepin County Wisconsin | 4 | $ 633,000 | $ 158,000 | $ 75,000 |
| Sawyer County Wisconsin | 4 | $ 677,000 | $ 169,000 | $ 107,000 |
| St. Croix County Wisconsin | 4 | $ 1,024,000 | $ 256,000 | $ 95,000 |
| Des Moines County Iowa | 3 | $ 244,000 | $ 81,000 | $ 42,000 |
| Polk County Iowa | 3 | $ 582,000 | $ 194,000 | $ 103,000 |
| Clay County Minnesota | 3 | $ 524,000 | $ 174,000 | $ 119,000 |
| Lake County Minnesota | 3 | $ 633,000 | $ 211,000 | $ 142,000 |
| Benson County North Dakota | 3 | $ 497,000 | $ 165,000 | $ 150,000 |
| Hettinger County North Dakota | 3 | $ 546,000 | $ 182,000 | $ 111,000 |
| Pierce County North Dakota | 3 | $ 335,000 | $ 111,000 | $ 68,000 |
| Ward County North Dakota | 3 | $ 592,000 | $ 197,000 | $ 107,000 |
| Dunn County Wisconsin | 3 | $ 633,000 | $ 211,000 | $ 210,000 |
| Washburn County Wisconsin | 3 | $ 528,000 | $ 176,000 | $ 104,000 |
| Hancock County Iowa | 2 | $ 196,000 | $ 98,000 | $ 83,000 |
| Johnson County Iowa | 2 | $ 424,000 | $ 212,000 | $ 0 |
| Madison County Iowa | 2 | $ 355,000 | $ 177,000 | $ 111,000 |
| Itasca County Minnesota | 2 | $ 241,000 | $ 120,000 | $ 72,000 |
| Le Sueur County Minnesota | 2 | $ 821,000 | $ 410,000 | $ 139,000 |
| Lincoln County Minnesota | 2 | $ 140,000 | $ 70,000 | $ 42,000 |
| McLeod County Minnesota | 2 | $ 209,000 | $ 104,000 | $ 52,000 |
| Mille Lacs County Minnesota | 2 | $ 203,000 | $ 101,000 | $ 70,000 |
| Pennington County Minnesota | 2 | $ 350,000 | $ 175,000 | $ 83,000 |
| Roseau County Minnesota | 2 | $ 155,000 | $ 77,000 | $ 52,000 |
| Swift County Minnesota | 2 | $ 161,000 | $ 80,000 | $ 71,000 |
| Todd County Minnesota | 2 | $ 480,000 | $ 240,000 | $ 118,000 |
| Watonwan County Minnesota | 2 | $ 240,000 | $ 120,000 | $ 48,000 |
| Yellow Medicine County Minnesota | 2 | $ 135,000 | $ 67,000 | $ 40,000 |
| Burleigh County North Dakota | 2 | $ 319,000 | $ 159,000 | $ 167,000 |
| LaMoure County North Dakota | 2 | $ 283,000 | $ 141,000 | $ 188,000 |
| McHenry County North Dakota | 2 | $ 385,000 | $ 192,000 | $ 100,000 |
| Morton County North Dakota | 2 | $ 376,000 | $ 188,000 | $ 61,000 |
| Mountrail County North Dakota | 2 | $ 338,000 | $ 169,000 | $ 103,000 |
| Renville County North Dakota | 2 | $ 336,000 | $ 168,000 | $ 84,000 |
| Rolette County North Dakota | 2 | $ 251,000 | $ 125,000 | $ 78,000 |
| Towner County North Dakota | 2 | $ 206,000 | $ 103,000 | $ 141,000 |
| Ashland County Wisconsin | 2 | $ 478,000 | $ 239,000 | $ 258,000 |
| Brown County Wisconsin | 2 | $ 485,000 | $ 242,000 | $ 168,000 |
| Burnett County Wisconsin | 2 | $ 280,000 | $ 140,000 | $ 162,000 |
| Dane County Wisconsin | 2 | $ 359,000 | $ 179,000 | $ 123,000 |
| Door County Wisconsin | 2 | $ 267,000 | $ 133,000 | $ 53,000 |
| Polk County Wisconsin | 2 | $ 357,000 | $ 178,000 | $ 121,000 |
| Rusk County Wisconsin | 2 | $ 241,000 | $ 120,000 | $ 101,000 |
| Pinal County Arizona | 1 | $ 150,000 | $ 150,000 | $ 500,000 |
| Denver County Colorado | 1 | $ 280,000 | $ 280,000 | $ 496,000 |
| Gunnison County Colorado | 1 | $ 132,000 | $ 132,000 | $ 74,000 |
| Larimer County Colorado | 1 | $ 146,000 | $ 146,000 | $ 147,000 |
| Bay County Florida | 1 | $ 139,000 | $ 139,000 | $ 63,000 |
| Collier County Florida | 1 | $ 499,000 | $ 499,000 | $ 271,000 |
| Hillsborough County Florida | 1 | $ 191,000 | $ 191,000 | $ 84,000 |
| Martin County Florida | 1 | $ 200,000 | $ 200,000 | $ 383,000 |
| Volusia County Florida | 1 | $ 251,000 | $ 251,000 | $ 90,000 |
| McHenry County Illinois | 1 | $ 186,000 | $ 186,000 | $ 47,000 |
| Will County Illinois | 1 | $ 308,000 | $ 308,000 | $ 93,000 |
| Johnson County Indiana | 1 | $ 88,000 | $ 88,000 | $ 57,000 |
| St. Joseph County Indiana | 1 | $ 218,000 | $ 218,000 | $ 0 |
| Bremer County Iowa | 1 | $ 330,000 | $ 330,000 | $ 0 |
| Dickinson County Iowa | 1 | $ 130,000 | $ 130,000 | $ 86,000 |
| Keokuk County Iowa | 1 | $ 96,000 | $ 96,000 | $ 0 |
| Louisa County Iowa | 1 | $ 126,000 | $ 126,000 | $ 0 |
| Lyon County Iowa | 1 | $ 43,000 | $ 43,000 | $ 88,000 |
| Mitchell County Iowa | 1 | $ 115,000 | $ 115,000 | $ 85,000 |
| Osceola County Iowa | 1 | $ 70,000 | $ 70,000 | $ 39,000 |
| Pottawattamie County Iowa | 1 | $ 172,000 | $ 172,000 | $ 100,000 |
| Scott County Iowa | 1 | $ 250,000 | $ 250,000 | $ 104,000 |
| Story County Iowa | 1 | $ 320,000 | $ 320,000 | $ 154,000 |
| Van Buren County Iowa | 1 | $ 45,000 | $ 45,000 | $ 0 |
| Warren County Iowa | 1 | $ 283,000 | $ 283,000 | $ 200,000 |
| Worth County Iowa | 1 | $ 60,000 | $ 60,000 | $ 46,000 |
| Gogebic County Michigan | 1 | $ 73,000 | $ 73,000 | $ 53,000 |
| Carlton County Minnesota | 1 | $ 79,000 | $ 79,000 | $ 48,000 |
| Kanabec County Minnesota | 1 | $ 88,000 | $ 88,000 | $ 58,000 |
| Koochiching County Minnesota | 1 | $ 128,000 | $ 128,000 | $ 176,000 |
| Lac qui Parle County Minnesota | 1 | $ 40,000 | $ 40,000 | $ 47,000 |
| Morrison County Minnesota | 1 | $ 210,000 | $ 210,000 | $ 80,000 |
| Sibley County Minnesota | 1 | $ 90,000 | $ 90,000 | $ 44,000 |
| Lowndes County Mississippi | 1 | $ 116,000 | $ 116,000 | $ 86,000 |
| Cavalier County North Dakota | 1 | $ 80,000 | $ 80,000 | $ 162,000 |
| Dunn County North Dakota | 1 | $ 176,000 | $ 176,000 | $ 78,000 |
| Eddy County North Dakota | 1 | $ 171,000 | $ 171,000 | $ 69,000 |
| Golden Valley County North Dakota | 1 | $ 376,000 | $ 376,000 | $ 189,000 |
| Steele County North Dakota | 1 | $ 75,000 | $ 75,000 | $ 55,000 |
| Stutsman County North Dakota | 1 | $ 130,000 | $ 130,000 | $ 126,000 |
| Hamlin County South Dakota | 1 | $ 117,000 | $ 117,000 | $ 129,000 |
| Hughes County South Dakota | 1 | $ 106,000 | $ 106,000 | $ 58,000 |
| Lincoln County South Dakota | 1 | $ 116,000 | $ 116,000 | $ 36,000 |
| Minnehaha County South Dakota | 1 | $ 220,000 | $ 220,000 | $ 46,000 |
| Roberts County South Dakota | 1 | $ 250,000 | $ 250,000 | $ 216,000 |
| Thurston County Washington | 1 | $ 184,000 | $ 184,000 | $ 54,000 |
| Adams County Wisconsin | 1 | $ 148,000 | $ 148,000 | $ 51,000 |
| Columbia County Wisconsin | 1 | $ 54,000 | $ 54,000 | $ 0 |
| Dodge County Wisconsin | 1 | $ 144,000 | $ 144,000 | $ 61,000 |
| Iron County Wisconsin | 1 | $ 125,000 | $ 125,000 | $ 84,000 |
| Jackson County Wisconsin | 1 | $ 114,000 | $ 114,000 | $ 58,000 |
| Juneau County Wisconsin | 1 | $ 52,000 | $ 52,000 | $ 19,000 |
| Kewaunee County Wisconsin | 1 | $ 70,000 | $ 70,000 | $ 124,000 |
| Langlade County Wisconsin | 1 | $ 155,000 | $ 155,000 | $ 165,000 |
| Marquette County Wisconsin | 1 | $ 160,000 | $ 160,000 | $ 69,000 |
| Ozaukee County Wisconsin | 1 | $ 255,000 | $ 255,000 | $ 53,000 |
| Price County Wisconsin | 1 | $ 135,000 | $ 135,000 | $ 206,000 |
| Rock County Wisconsin | 1 | $ 120,000 | $ 120,000 | $ 91,000 |
| Waukesha County Wisconsin | 1 | $ 87,000 | $ 87,000 | $ 43,000 |
| Winnebago County Wisconsin | 1 | $ 219,000 | $ 219,000 | $ 103,000 |
| Crook County Wyoming | 1 | $ 271,000 | $ 271,000 | $ 0 |
| Lincoln County Wyoming | 1 | $ 200,000 | $ 200,000 | $ 187,000 |
Mortgage Loan Application Detail Totals for Merchants Bank, National Association in 2014
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 | 1,503 | $279,035,000 | $185,000 | $9,600,000 | $90,000 | $1,827,000 |
| Refinancing | 1,044 | $160,497,000 | $153,000 | $1,550,000 | $83,000 | $2,652,000 |
| Home Improvement | 61 | $4,879,000 | $79,000 | $417,000 | $74,000 | $383,000 |
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 | 2,110 | $345,983,000 | $163,000 | $1,550,000 | $93,000 | $2,652,000 |
| Not Provided | 231 | $42,725,000 | $184,000 | $719,000 | $103,000 | $496,000 |
| Not applicable | 199 | $44,792,000 | $225,000 | $9,600,000 | $0 | $0 |
| Asian | 24 | $3,830,000 | $159,000 | $417,000 | $79,000 | $263,000 |
| Hispanic | 24 | $3,517,000 | $146,000 | $358,000 | $78,000 | $261,000 |
| Black or African American | 10 | $2,061,000 | $206,000 | $405,000 | $99,000 | $220,000 |
| American Indian or Alaskan Native | 7 | $1,092,000 | $156,000 | $338,000 | $91,000 | $220,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $411,000 | $137,000 | $246,000 | $75,000 | $108,000 |
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) | 2,448 | $422,416,000 | $172,000 | $9,600,000 | $89,000 | $2,652,000 |
| FHA-insured (Federal Housing Administration) | 79 | $10,562,000 | $133,000 | $243,000 | $54,000 | $127,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 45 | $5,146,000 | $114,000 | $188,000 | $44,000 | $72,000 |
| VA-guaranteed (Veterans Administration) | 36 | $6,287,000 | $174,000 | $387,000 | $69,000 | $158,000 |
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 | 2,097 | $359,989,000 | $171,000 | $9,600,000 | $91,000 | $2,652,000 |
| Application Approved But Not Accepted | 225 | $37,542,000 | $166,000 | $750,000 | $92,000 | $521,000 |
| Application Denied By Financial Institution | 145 | $22,854,000 | $157,000 | $709,000 | $81,000 | $431,000 |
| Loan Purchased By The Institution | 111 | $19,753,000 | $177,000 | $410,000 | $0 | $0 |
| Application Withdrawn By Applicant | 20 | $2,118,000 | $105,000 | $191,000 | $61,000 | $183,000 |
| File Closed For Incompleteness | 10 | $2,155,000 | $215,000 | $417,000 | $93,000 | $192,000 |
| 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 | 48 | $5,830,000 | $121,000 | $358,000 | $59,000 | $404,000 |
| Debt-To-Income Ratio | 42 | $6,426,000 | $153,000 | $417,000 | $63,000 | $232,000 |
| Collateral | 30 | $6,256,000 | $208,000 | $709,000 | $114,000 | $377,000 |
| Other | 15 | $2,507,000 | $167,000 | $300,000 | $151,000 | $431,000 |
| Employment History | 5 | $1,202,000 | $240,000 | $416,000 | $86,000 | $170,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $310,000 | $103,000 | $183,000 | $58,000 | $88,000 |
| Unverifiable Information | 2 | $323,000 | $161,000 | $260,000 | $27,000 | $31,000 |
| Credit Application Incomplete | 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 2014 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.