Merchants Bank, National Association
HMDA Loan Application Totals
and Mortgage Lending Details
for 2016
Merchants Bank, National Association 2016 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 | 3,489 |
| Total Mortgage Loan Application Amount | $652,844,000 |
| Average Mortgage Loan Application Amount | $175,000 |
| Highest Mortgage Loan Application Amount | $5,420,000 |
| Average Applicant Income | $87,666 |
| Highest Applicant Income | $776,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2016 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 2016 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 2016.
| 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 | 450 | $ 70,488,000 | $ 156,000 | $ 84,000 |
| Dakota County Minnesota | 243 | $ 57,892,000 | $ 238,000 | $ 104,000 |
| La Crosse County Wisconsin | 230 | $ 45,852,000 | $ 199,000 | $ 104,000 |
| Houston County Minnesota | 194 | $ 28,670,000 | $ 147,000 | $ 76,000 |
| Olmsted County Minnesota | 193 | $ 36,373,000 | $ 188,000 | $ 93,000 |
| Otter Tail County Minnesota | 192 | $ 30,395,000 | $ 158,000 | $ 83,000 |
| Hennepin County Minnesota | 127 | $ 37,305,000 | $ 293,000 | $ 122,000 |
| Goodhue County Minnesota | 108 | $ 19,490,000 | $ 180,000 | $ 94,000 |
| Fillmore County Minnesota | 83 | $ 10,677,000 | $ 128,000 | $ 82,000 |
| Washington County Minnesota | 70 | $ 17,616,000 | $ 251,000 | $ 116,000 |
| Scott County Minnesota | 55 | $ 19,557,000 | $ 355,000 | $ 149,000 |
| Wright County Minnesota | 54 | $ 11,152,000 | $ 206,000 | $ 103,000 |
| Hubbard County Minnesota | 53 | $ 9,015,000 | $ 170,000 | $ 92,000 |
| St. Louis County Minnesota | 52 | $ 7,482,000 | $ 143,000 | $ 67,000 |
| Grand Forks County North Dakota | 46 | $ 9,119,000 | $ 198,000 | $ 89,000 |
| Lyon County Minnesota | 45 | $ 7,221,000 | $ 160,000 | $ 97,000 |
| Lawrence County South Dakota | 40 | $ 9,322,000 | $ 233,000 | $ 0 |
| Ramsey County Minnesota | 37 | $ 7,413,000 | $ 200,000 | $ 119,000 |
| Trempealeau County Wisconsin | 37 | $ 6,424,000 | $ 173,000 | $ 98,000 |
| Washington County Iowa | 34 | $ 6,006,000 | $ 176,000 | $ 0 |
| Becker County Minnesota | 33 | $ 5,337,000 | $ 161,000 | $ 88,000 |
| Pennington County South Dakota | 31 | $ 5,659,000 | $ 182,000 | $ 0 |
| Eau Claire County Wisconsin | 31 | $ 5,515,000 | $ 177,000 | $ 71,000 |
| Winnebago County Illinois | 29 | $ 4,512,000 | $ 155,000 | $ 157,000 |
| Rice County Minnesota | 29 | $ 6,194,000 | $ 213,000 | $ 94,000 |
| Carver County Minnesota | 27 | $ 8,912,000 | $ 330,000 | $ 129,000 |
| McLean County North Dakota | 27 | $ 5,490,000 | $ 203,000 | $ 103,000 |
| Anoka County Minnesota | 26 | $ 6,848,000 | $ 263,000 | $ 120,000 |
| Polk County Minnesota | 26 | $ 3,715,000 | $ 142,000 | $ 73,000 |
| Blue Earth County Minnesota | 25 | $ 4,457,000 | $ 178,000 | $ 89,000 |
| Nobles County Minnesota | 25 | $ 3,138,000 | $ 125,000 | $ 83,000 |
| Crow Wing County Minnesota | 23 | $ 3,607,000 | $ 156,000 | $ 83,000 |
| Douglas County Minnesota | 23 | $ 4,551,000 | $ 197,000 | $ 85,000 |
| Wabasha County Minnesota | 23 | $ 3,530,000 | $ 153,000 | $ 79,000 |
| Faribault County Minnesota | 21 | $ 3,013,000 | $ 143,000 | $ 91,000 |
| Cass County North Dakota | 21 | $ 4,103,000 | $ 195,000 | $ 89,000 |
| Monroe County Wisconsin | 21 | $ 2,655,000 | $ 126,000 | $ 93,000 |
| Mercer County North Dakota | 20 | $ 3,440,000 | $ 172,000 | $ 93,000 |
| Buffalo County Wisconsin | 20 | $ 2,536,000 | $ 126,000 | $ 82,000 |
| Jefferson County Iowa | 19 | $ 2,439,000 | $ 128,000 | $ 0 |
| Cass County Minnesota | 18 | $ 3,925,000 | $ 218,000 | $ 94,000 |
| Sherburne County Minnesota | 18 | $ 4,321,000 | $ 240,000 | $ 124,000 |
| Stearns County Minnesota | 17 | $ 3,379,000 | $ 198,000 | $ 89,000 |
| Mille Lacs County Minnesota | 16 | $ 2,286,000 | $ 142,000 | $ 63,000 |
| Pierce County Wisconsin | 16 | $ 3,237,000 | $ 202,000 | $ 119,000 |
| Vernon County Wisconsin | 16 | $ 3,067,000 | $ 191,000 | $ 79,000 |
| Benton County Minnesota | 14 | $ 2,323,000 | $ 165,000 | $ 82,000 |
| Nicollet County Minnesota | 14 | $ 2,104,000 | $ 150,000 | $ 75,000 |
| Meade County South Dakota | 13 | $ 2,798,000 | $ 215,000 | $ 0 |
| Ramsey County North Dakota | 12 | $ 1,889,000 | $ 157,000 | $ 85,000 |
| Butte County South Dakota | 12 | $ 2,215,000 | $ 184,000 | $ 0 |
| Aitkin County Minnesota | 11 | $ 1,687,000 | $ 153,000 | $ 97,000 |
| Dodge County Minnesota | 11 | $ 1,428,000 | $ 129,000 | $ 107,000 |
| Grant County Minnesota | 11 | $ 2,114,000 | $ 192,000 | $ 117,000 |
| McKenzie County North Dakota | 11 | $ 1,835,000 | $ 166,000 | $ 89,000 |
| Freeborn County Minnesota | 10 | $ 1,763,000 | $ 176,000 | $ 69,000 |
| Kanabec County Minnesota | 10 | $ 1,852,000 | $ 185,000 | $ 76,000 |
| Kandiyohi County Minnesota | 10 | $ 1,903,000 | $ 190,000 | $ 87,000 |
| Meeker County Minnesota | 10 | $ 2,029,000 | $ 202,000 | $ 81,000 |
| Cottonwood County Minnesota | 9 | $ 1,020,000 | $ 113,000 | $ 83,000 |
| Sibley County Minnesota | 9 | $ 1,464,000 | $ 162,000 | $ 87,000 |
| Steele County Minnesota | 9 | $ 1,846,000 | $ 205,000 | $ 72,000 |
| Boone County Illinois | 8 | $ 1,870,000 | $ 233,000 | $ 168,000 |
| Allamakee County Iowa | 8 | $ 1,177,000 | $ 147,000 | $ 61,000 |
| Henry County Iowa | 8 | $ 1,276,000 | $ 159,000 | $ 80,000 |
| Beltrami County Minnesota | 8 | $ 1,775,000 | $ 221,000 | $ 102,000 |
| Wadena County Minnesota | 8 | $ 924,000 | $ 115,000 | $ 60,000 |
| Chippewa County Wisconsin | 8 | $ 1,400,000 | $ 175,000 | $ 87,000 |
| Cerro Gordo County Iowa | 7 | $ 1,243,000 | $ 177,000 | $ 84,000 |
| Clay County Minnesota | 7 | $ 1,646,000 | $ 235,000 | $ 87,000 |
| Le Sueur County Minnesota | 7 | $ 1,419,000 | $ 202,000 | $ 120,000 |
| Redwood County Minnesota | 7 | $ 1,236,000 | $ 176,000 | $ 84,000 |
| Mountrail County North Dakota | 7 | $ 899,000 | $ 128,000 | $ 90,000 |
| St. Croix County Wisconsin | 7 | $ 1,705,000 | $ 243,000 | $ 166,000 |
| Carlton County Minnesota | 6 | $ 1,011,000 | $ 168,000 | $ 89,000 |
| Lincoln County Minnesota | 6 | $ 930,000 | $ 155,000 | $ 86,000 |
| Yellow Medicine County Minnesota | 6 | $ 572,000 | $ 95,000 | $ 64,000 |
| Burleigh County North Dakota | 6 | $ 1,253,000 | $ 208,000 | $ 97,000 |
| Tripp County South Dakota | 6 | $ 575,000 | $ 95,000 | $ 68,000 |
| Barron County Wisconsin | 6 | $ 671,000 | $ 111,000 | $ 65,000 |
| Burnett County Wisconsin | 6 | $ 670,000 | $ 111,000 | $ 112,000 |
| Lee County Florida | 5 | $ 1,225,000 | $ 245,000 | $ 202,000 |
| Brown County Minnesota | 5 | $ 534,000 | $ 106,000 | $ 57,000 |
| Jackson County Minnesota | 5 | $ 619,000 | $ 123,000 | $ 58,000 |
| McLeod County Minnesota | 5 | $ 699,000 | $ 139,000 | $ 82,000 |
| Pembina County North Dakota | 5 | $ 545,000 | $ 109,000 | $ 49,000 |
| Ogle County Illinois | 4 | $ 380,000 | $ 95,000 | $ 60,000 |
| Winneshiek County Iowa | 4 | $ 874,000 | $ 218,000 | $ 99,000 |
| Mower County Minnesota | 4 | $ 525,000 | $ 131,000 | $ 72,000 |
| Todd County Minnesota | 4 | $ 531,000 | $ 132,000 | $ 54,000 |
| Waseca County Minnesota | 4 | $ 504,000 | $ 126,000 | $ 81,000 |
| Lancaster County Nebraska | 4 | $ 528,000 | $ 132,000 | $ 63,000 |
| Crawford County Wisconsin | 4 | $ 545,000 | $ 136,000 | $ 118,000 |
| Jackson County Wisconsin | 4 | $ 400,000 | $ 100,000 | $ 47,000 |
| Sauk County Wisconsin | 4 | $ 1,665,000 | $ 416,000 | $ 141,000 |
| Sawyer County Wisconsin | 4 | $ 1,473,000 | $ 368,000 | $ 320,000 |
| Maricopa County Arizona | 3 | $ 658,000 | $ 219,000 | $ 71,000 |
| Collier County Florida | 3 | $ 1,032,000 | $ 344,000 | $ 414,000 |
| Keokuk County Iowa | 3 | $ 277,000 | $ 92,000 | $ 0 |
| Louisa County Iowa | 3 | $ 383,000 | $ 127,000 | $ 0 |
| Chisago County Minnesota | 3 | $ 1,014,000 | $ 338,000 | $ 135,000 |
| Isanti County Minnesota | 3 | $ 655,000 | $ 218,000 | $ 77,000 |
| Itasca County Minnesota | 3 | $ 643,000 | $ 214,000 | $ 89,000 |
| Marshall County Minnesota | 3 | $ 335,000 | $ 111,000 | $ 72,000 |
| Morrison County Minnesota | 3 | $ 591,000 | $ 197,000 | $ 95,000 |
| Pope County Minnesota | 3 | $ 364,000 | $ 121,000 | $ 98,000 |
| Missoula County Montana | 3 | $ 2,671,000 | $ 890,000 | $ 194,000 |
| Morton County North Dakota | 3 | $ 510,000 | $ 170,000 | $ 88,000 |
| Stark County North Dakota | 3 | $ 785,000 | $ 261,000 | $ 116,000 |
| Walsh County North Dakota | 3 | $ 321,000 | $ 107,000 | $ 69,000 |
| Gregory County South Dakota | 3 | $ 411,000 | $ 137,000 | $ 62,000 |
| Minnehaha County South Dakota | 3 | $ 427,000 | $ 142,000 | $ 30,000 |
| Dane County Wisconsin | 3 | $ 675,000 | $ 225,000 | $ 232,000 |
| Dunn County Wisconsin | 3 | $ 455,000 | $ 151,000 | $ 77,000 |
| Milwaukee County Wisconsin | 3 | $ 349,000 | $ 116,000 | $ 0 |
| Richland County Wisconsin | 3 | $ 482,000 | $ 160,000 | $ 66,000 |
| Washburn County Wisconsin | 3 | $ 451,000 | $ 150,000 | $ 87,000 |
| Crook County Wyoming | 3 | $ 683,000 | $ 227,000 | $ 0 |
| Charlotte County Florida | 2 | $ 408,000 | $ 204,000 | $ 122,000 |
| Sarasota County Florida | 2 | $ 435,000 | $ 217,000 | $ 90,000 |
| Des Moines County Iowa | 2 | $ 237,000 | $ 118,000 | $ 20,000 |
| Lee County Iowa | 2 | $ 224,000 | $ 112,000 | $ 112,000 |
| Mahaska County Iowa | 2 | $ 227,000 | $ 113,000 | $ 0 |
| Big Stone County Minnesota | 2 | $ 236,000 | $ 118,000 | $ 80,000 |
| Kittson County Minnesota | 2 | $ 195,000 | $ 97,000 | $ 100,000 |
| Lac qui Parle County Minnesota | 2 | $ 369,000 | $ 184,000 | $ 264,000 |
| Lake County Minnesota | 2 | $ 430,000 | $ 215,000 | $ 124,000 |
| Martin County Minnesota | 2 | $ 428,000 | $ 214,000 | $ 105,000 |
| Pine County Minnesota | 2 | $ 274,000 | $ 137,000 | $ 52,000 |
| Wilkin County Minnesota | 2 | $ 369,000 | $ 184,000 | $ 76,000 |
| Cass County Nebraska | 2 | $ 193,000 | $ 96,000 | $ 75,000 |
| Barnes County North Dakota | 2 | $ 310,000 | $ 155,000 | $ 164,000 |
| Oliver County North Dakota | 2 | $ 318,000 | $ 159,000 | $ 55,000 |
| Richland County North Dakota | 2 | $ 520,000 | $ 260,000 | $ 153,000 |
| Charles Mix County South Dakota | 2 | $ 579,000 | $ 289,000 | $ 96,000 |
| Codington County South Dakota | 2 | $ 437,000 | $ 218,000 | $ 47,000 |
| Potter County South Dakota | 2 | $ 230,000 | $ 115,000 | $ 89,000 |
| Columbia County Wisconsin | 2 | $ 255,000 | $ 127,000 | $ 64,000 |
| Oneida County Wisconsin | 2 | $ 454,000 | $ 227,000 | $ 413,000 |
| Outagamie County Wisconsin | 2 | $ 346,000 | $ 173,000 | $ 143,000 |
| Pepin County Wisconsin | 2 | $ 180,000 | $ 90,000 | $ 26,000 |
| Polk County Wisconsin | 2 | $ 393,000 | $ 196,000 | $ 118,000 |
| Winnebago County Wisconsin | 2 | $ 304,000 | $ 152,000 | $ 177,000 |
| Denver County Colorado | 1 | $ 150,000 | $ 150,000 | $ 15,000 |
| Jefferson County Colorado | 1 | $ 200,000 | $ 200,000 | $ 42,000 |
| Lake County Florida | 1 | $ 227,000 | $ 227,000 | $ 73,000 |
| Martin County Florida | 1 | $ 203,000 | $ 203,000 | $ 244,000 |
| Polk County Florida | 1 | $ 125,000 | $ 125,000 | $ 300,000 |
| Kane County Illinois | 1 | $ 417,000 | $ 417,000 | $ 216,000 |
| St. Clair County Illinois | 1 | $ 250,000 | $ 250,000 | $ 141,000 |
| Allen County Indiana | 1 | $ 271,000 | $ 271,000 | $ 104,000 |
| Benton County Iowa | 1 | $ 127,000 | $ 127,000 | $ 60,000 |
| Dallas County Iowa | 1 | $ 185,000 | $ 185,000 | $ 0 |
| Dickinson County Iowa | 1 | $ 368,000 | $ 368,000 | $ 131,000 |
| Johnson County Iowa | 1 | $ 84,000 | $ 84,000 | $ 47,000 |
| Linn County Iowa | 1 | $ 56,000 | $ 56,000 | $ 92,000 |
| Lyon County Iowa | 1 | $ 171,000 | $ 171,000 | $ 51,000 |
| Marion County Iowa | 1 | $ 303,000 | $ 303,000 | $ 0 |
| Mitchell County Iowa | 1 | $ 108,000 | $ 108,000 | $ 24,000 |
| Polk County Iowa | 1 | $ 260,000 | $ 260,000 | $ 0 |
| Van Buren County Iowa | 1 | $ 184,000 | $ 184,000 | $ 0 |
| Wapello County Iowa | 1 | $ 132,000 | $ 132,000 | $ 0 |
| Winnebago County Iowa | 1 | $ 45,000 | $ 45,000 | $ 45,000 |
| Worth County Iowa | 1 | $ 80,000 | $ 80,000 | $ 68,000 |
| Cook County Minnesota | 1 | $ 112,000 | $ 112,000 | $ 304,000 |
| Norman County Minnesota | 1 | $ 160,000 | $ 160,000 | $ 95,000 |
| Pennington County Minnesota | 1 | $ 65,000 | $ 65,000 | $ 65,000 |
| Rock County Minnesota | 1 | $ 85,000 | $ 85,000 | $ 40,000 |
| Roseau County Minnesota | 1 | $ 128,000 | $ 128,000 | $ 75,000 |
| Watonwan County Minnesota | 1 | $ 25,000 | $ 25,000 | $ 22,000 |
| Camden County Missouri | 1 | $ 376,000 | $ 376,000 | $ 104,000 |
| Yellowstone County Montana | 1 | $ 136,000 | $ 136,000 | $ 55,000 |
| Washington County Nebraska | 1 | $ 67,000 | $ 67,000 | $ 83,000 |
| Douglas County Nevada | 1 | $ 255,000 | $ 255,000 | $ 259,000 |
| Mecklenburg County North Carolina | 1 | $ 152,000 | $ 152,000 | $ 58,000 |
| Benson County North Dakota | 1 | $ 209,000 | $ 209,000 | $ 85,000 |
| Cavalier County North Dakota | 1 | $ 114,000 | $ 114,000 | $ 63,000 |
| Dunn County North Dakota | 1 | $ 310,000 | $ 310,000 | $ 268,000 |
| Pierce County North Dakota | 1 | $ 85,000 | $ 85,000 | $ 65,000 |
| Towner County North Dakota | 1 | $ 41,000 | $ 41,000 | $ 44,000 |
| Ward County North Dakota | 1 | $ 220,000 | $ 220,000 | $ 120,000 |
| Brookings County South Dakota | 1 | $ 110,000 | $ 110,000 | $ 62,000 |
| Custer County South Dakota | 1 | $ 94,000 | $ 94,000 | $ 0 |
| Hamlin County South Dakota | 1 | $ 161,000 | $ 161,000 | $ 122,000 |
| Jones County South Dakota | 1 | $ 162,000 | $ 162,000 | $ 39,000 |
| Lincoln County South Dakota | 1 | $ 297,000 | $ 297,000 | $ 111,000 |
| Roberts County South Dakota | 1 | $ 110,000 | $ 110,000 | $ 43,000 |
| Adams County Wisconsin | 1 | $ 72,000 | $ 72,000 | $ 100,000 |
| Clark County Wisconsin | 1 | $ 210,000 | $ 210,000 | $ 309,000 |
| Douglas County Wisconsin | 1 | $ 179,000 | $ 179,000 | $ 81,000 |
| Juneau County Wisconsin | 1 | $ 68,000 | $ 68,000 | $ 63,000 |
| Manitowoc County Wisconsin | 1 | $ 120,000 | $ 120,000 | $ 90,000 |
| Marathon County Wisconsin | 1 | $ 172,000 | $ 172,000 | $ 181,000 |
| Marinette County Wisconsin | 1 | $ 225,000 | $ 225,000 | $ 151,000 |
| Rock County Wisconsin | 1 | $ 105,000 | $ 105,000 | $ 82,000 |
| Walworth County Wisconsin | 1 | $ 220,000 | $ 220,000 | $ 186,000 |
| Washington County Wisconsin | 1 | $ 236,000 | $ 236,000 | $ 110,000 |
| Waukesha County Wisconsin | 1 | $ 195,000 | $ 195,000 | $ 70,000 |
| Lincoln County Wyoming | 1 | $ 195,000 | $ 195,000 | $ 48,000 |
Mortgage Loan Application Detail Totals for Merchants Bank, National Association in 2016
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 | 1,808 | $351,118,000 | $194,000 | $1,040,000 | $91,000 | $731,000 |
| Refinancing | 1,549 | $282,004,000 | $182,000 | $5,420,000 | $91,000 | $776,000 |
| Home Improvement | 132 | $19,722,000 | $149,000 | $1,180,000 | $81,000 | $555,000 |
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 | 2,883 | $519,374,000 | $180,000 | $901,000 | $97,000 | $776,000 |
| Not applicable | 273 | $61,897,000 | $226,000 | $5,420,000 | $0 | $0 |
| Not Provided | 260 | $56,388,000 | $216,000 | $1,040,000 | $114,000 | $667,000 |
| Asian | 28 | $5,748,000 | $205,000 | $409,000 | $101,000 | $243,000 |
| Hispanic | 25 | $4,607,000 | $184,000 | $415,000 | $112,000 | $444,000 |
| Black or African American | 11 | $2,946,000 | $267,000 | $417,000 | $125,000 | $247,000 |
| American Indian or Alaskan Native | 7 | $1,568,000 | $224,000 | $375,000 | $101,000 | $191,000 |
| Native Hawaiin or Other Pacific Islander | 2 | $316,000 | $158,000 | $188,000 | $50,000 | $53,000 |
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) | 3,343 | $630,897,000 | $188,000 | $5,420,000 | $92,000 | $776,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 60 | $6,986,000 | $116,000 | $227,000 | $45,000 | $82,000 |
| FHA-insured (Federal Housing Administration) | 52 | $8,584,000 | $165,000 | $341,000 | $69,000 | $173,000 |
| VA-guaranteed (Veterans Administration) | 34 | $6,377,000 | $187,000 | $417,000 | $79,000 | $193,000 |
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 | 2,824 | $527,480,000 | $186,000 | $5,420,000 | $95,000 | $776,000 |
| Application Approved But Not Accepted | 335 | $69,161,000 | $206,000 | $1,040,000 | $109,000 | $667,000 |
| Loan Purchased By The Institution | 171 | $31,778,000 | $185,000 | $417,000 | $0 | $0 |
| Application Denied By Financial Institution | 103 | $15,493,000 | $150,000 | $417,000 | $73,000 | $332,000 |
| Application Withdrawn By Applicant | 44 | $7,173,000 | $163,000 | $400,000 | $83,000 | $260,000 |
| File Closed For Incompleteness | 12 | $1,759,000 | $146,000 | $258,000 | $87,000 | $215,000 |
| 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 | $5,774,000 | $120,000 | $256,000 | $64,000 | $209,000 |
| Debt-To-Income Ratio | 29 | $4,933,000 | $170,000 | $389,000 | $62,000 | $156,000 |
| Collateral | 12 | $2,499,000 | $208,000 | $417,000 | $122,000 | $332,000 |
| Employment History | 5 | $790,000 | $158,000 | $176,000 | $67,000 | $92,000 |
| Unverifiable Information | 4 | $477,000 | $119,000 | $206,000 | $82,000 | $190,000 |
| Other | 3 | $584,000 | $194,000 | $310,000 | $122,000 | $248,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $436,000 | $218,000 | $278,000 | $76,000 | $80,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Merchants Bank, National Association's 2016 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.