Merchants Bank, National Association
HMDA Loan Application Totals
and Mortgage Lending Details
for 2017
Merchants Bank, National Association 2017 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 | 2,539 |
| Total Mortgage Loan Application Amount | $489,585,000 |
| Average Mortgage Loan Application Amount | $168,333 |
| Highest Mortgage Loan Application Amount | $4,173,000 |
| Average Applicant Income | $104,000 |
| Highest Applicant Income | $4,924,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2017 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 2017 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 2017.
| 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 | $ 56,918,000 | $ 153,000 | $ 95,000 |
| Otter Tail County Minnesota | 177 | $ 34,462,000 | $ 194,000 | $ 90,000 |
| Olmsted County Minnesota | 133 | $ 24,706,000 | $ 185,000 | $ 87,000 |
| Houston County Minnesota | 121 | $ 19,605,000 | $ 162,000 | $ 76,000 |
| La Crosse County Wisconsin | 121 | $ 31,368,000 | $ 259,000 | $ 93,000 |
| Dakota County Minnesota | 120 | $ 27,152,000 | $ 226,000 | $ 103,000 |
| Hennepin County Minnesota | 94 | $ 26,411,000 | $ 280,000 | $ 181,000 |
| Fillmore County Minnesota | 67 | $ 7,885,000 | $ 117,000 | $ 65,000 |
| Goodhue County Minnesota | 57 | $ 11,142,000 | $ 195,000 | $ 85,000 |
| Lyon County Minnesota | 54 | $ 8,039,000 | $ 148,000 | $ 78,000 |
| Becker County Minnesota | 42 | $ 7,146,000 | $ 170,000 | $ 80,000 |
| St. Louis County Minnesota | 41 | $ 6,657,000 | $ 162,000 | $ 86,000 |
| Scott County Minnesota | 40 | $ 14,138,000 | $ 353,000 | $ 166,000 |
| Grand Forks County North Dakota | 40 | $ 7,931,000 | $ 198,000 | $ 132,000 |
| Wright County Minnesota | 39 | $ 7,654,000 | $ 196,000 | $ 86,000 |
| Hubbard County Minnesota | 34 | $ 6,369,000 | $ 187,000 | $ 88,000 |
| Washington County Minnesota | 33 | $ 7,320,000 | $ 221,000 | $ 129,000 |
| Eau Claire County Wisconsin | 33 | $ 8,983,000 | $ 272,000 | $ 52,000 |
| Buffalo County Wisconsin | 28 | $ 3,424,000 | $ 122,000 | $ 70,000 |
| Carver County Minnesota | 25 | $ 7,038,000 | $ 281,000 | $ 151,000 |
| Cass County Minnesota | 25 | $ 3,671,000 | $ 146,000 | $ 85,000 |
| Rice County Minnesota | 25 | $ 6,027,000 | $ 241,000 | $ 108,000 |
| Wabasha County Minnesota | 24 | $ 3,430,000 | $ 142,000 | $ 61,000 |
| Cass County North Dakota | 24 | $ 4,804,000 | $ 200,000 | $ 97,000 |
| Washington County Iowa | 23 | $ 3,703,000 | $ 161,000 | $ 0 |
| Ramsey County Minnesota | 23 | $ 5,797,000 | $ 252,000 | $ 110,000 |
| Mercer County North Dakota | 22 | $ 4,134,000 | $ 187,000 | $ 123,000 |
| Lawrence County South Dakota | 20 | $ 4,315,000 | $ 215,000 | $ 12,000 |
| Mille Lacs County Minnesota | 19 | $ 3,369,000 | $ 177,000 | $ 91,000 |
| Sherburne County Minnesota | 18 | $ 5,179,000 | $ 287,000 | $ 107,000 |
| Stearns County Minnesota | 17 | $ 3,838,000 | $ 225,000 | $ 85,000 |
| Crow Wing County Minnesota | 16 | $ 2,961,000 | $ 185,000 | $ 126,000 |
| Kandiyohi County Minnesota | 16 | $ 1,989,000 | $ 124,000 | $ 62,000 |
| Monroe County Wisconsin | 16 | $ 4,393,000 | $ 274,000 | $ 89,000 |
| Winnebago County Illinois | 15 | $ 2,462,000 | $ 164,000 | $ 120,000 |
| Faribault County Minnesota | 15 | $ 2,040,000 | $ 136,000 | $ 94,000 |
| Trempealeau County Wisconsin | 15 | $ 2,267,000 | $ 151,000 | $ 66,000 |
| Douglas County Minnesota | 14 | $ 3,172,000 | $ 226,000 | $ 117,000 |
| Polk County Minnesota | 14 | $ 2,106,000 | $ 150,000 | $ 58,000 |
| Ramsey County North Dakota | 14 | $ 2,520,000 | $ 180,000 | $ 83,000 |
| Cerro Gordo County Iowa | 13 | $ 2,088,000 | $ 160,000 | $ 76,000 |
| Pennington County South Dakota | 13 | $ 2,521,000 | $ 193,000 | $ 0 |
| Anoka County Minnesota | 12 | $ 2,491,000 | $ 207,000 | $ 74,000 |
| McLean County North Dakota | 12 | $ 2,080,000 | $ 173,000 | $ 81,000 |
| Benton County Minnesota | 11 | $ 2,332,000 | $ 212,000 | $ 79,000 |
| Murray County Minnesota | 11 | $ 1,566,000 | $ 142,000 | $ 68,000 |
| Butte County South Dakota | 10 | $ 1,642,000 | $ 164,000 | $ 0 |
| Clay County Minnesota | 9 | $ 1,968,000 | $ 218,000 | $ 80,000 |
| Wadena County Minnesota | 9 | $ 1,017,000 | $ 113,000 | $ 58,000 |
| Pembina County North Dakota | 9 | $ 1,119,000 | $ 124,000 | $ 67,000 |
| Tripp County South Dakota | 9 | $ 934,000 | $ 103,000 | $ 71,000 |
| Aitkin County Minnesota | 8 | $ 1,108,000 | $ 138,000 | $ 86,000 |
| Dodge County Minnesota | 8 | $ 1,366,000 | $ 170,000 | $ 78,000 |
| Steele County Minnesota | 8 | $ 1,410,000 | $ 176,000 | $ 83,000 |
| Vernon County Wisconsin | 8 | $ 1,619,000 | $ 202,000 | $ 86,000 |
| St. Joseph County Indiana | 7 | $ 7,802,000 | $ 1,114,000 | $ 0 |
| Freeborn County Minnesota | 7 | $ 1,166,000 | $ 166,000 | $ 86,000 |
| Grant County Minnesota | 7 | $ 875,000 | $ 125,000 | $ 63,000 |
| Meeker County Minnesota | 7 | $ 1,159,000 | $ 165,000 | $ 53,000 |
| Nobles County Minnesota | 7 | $ 904,000 | $ 129,000 | $ 80,000 |
| Sibley County Minnesota | 7 | $ 851,000 | $ 121,000 | $ 72,000 |
| Todd County Minnesota | 7 | $ 1,068,000 | $ 152,000 | $ 97,000 |
| Pierce County Wisconsin | 7 | $ 1,605,000 | $ 229,000 | $ 103,000 |
| Maricopa County Arizona | 6 | $ 1,310,000 | $ 218,000 | $ 131,000 |
| Jefferson County Iowa | 6 | $ 926,000 | $ 154,000 | $ 14,000 |
| Lincoln County Minnesota | 6 | $ 1,002,000 | $ 167,000 | $ 67,000 |
| Yellow Medicine County Minnesota | 6 | $ 704,000 | $ 117,000 | $ 66,000 |
| St. Croix County Wisconsin | 6 | $ 1,542,000 | $ 257,000 | $ 155,000 |
| Washburn County Wisconsin | 6 | $ 953,000 | $ 158,000 | $ 69,000 |
| Henry County Iowa | 5 | $ 783,000 | $ 156,000 | $ 91,000 |
| Blue Earth County Minnesota | 5 | $ 814,000 | $ 162,000 | $ 84,000 |
| Cottonwood County Minnesota | 5 | $ 966,000 | $ 193,000 | $ 86,000 |
| Jackson County Minnesota | 5 | $ 492,000 | $ 98,000 | $ 67,000 |
| Marshall County Minnesota | 5 | $ 565,000 | $ 113,000 | $ 92,000 |
| Morrison County Minnesota | 5 | $ 726,000 | $ 145,000 | $ 84,000 |
| Mower County Minnesota | 5 | $ 338,000 | $ 67,000 | $ 86,000 |
| Nicollet County Minnesota | 5 | $ 1,162,000 | $ 232,000 | $ 107,000 |
| Pope County Minnesota | 5 | $ 893,000 | $ 178,000 | $ 82,000 |
| Watonwan County Minnesota | 5 | $ 694,000 | $ 138,000 | $ 94,000 |
| McKenzie County North Dakota | 5 | $ 1,055,000 | $ 211,000 | $ 80,000 |
| Custer County South Dakota | 5 | $ 1,394,000 | $ 278,000 | $ 0 |
| Winneshiek County Iowa | 4 | $ 470,000 | $ 117,000 | $ 43,000 |
| Beltrami County Minnesota | 4 | $ 643,000 | $ 160,000 | $ 92,000 |
| Le Sueur County Minnesota | 4 | $ 705,000 | $ 176,000 | $ 151,000 |
| Redwood County Minnesota | 4 | $ 756,000 | $ 189,000 | $ 96,000 |
| Burleigh County North Dakota | 4 | $ 907,000 | $ 226,000 | $ 130,000 |
| Meade County South Dakota | 4 | $ 668,000 | $ 167,000 | $ 17,000 |
| Burnett County Wisconsin | 4 | $ 620,000 | $ 155,000 | $ 97,000 |
| Chippewa County Wisconsin | 4 | $ 717,000 | $ 179,000 | $ 97,000 |
| Sawyer County Wisconsin | 4 | $ 1,115,000 | $ 278,000 | $ 362,000 |
| Boone County Illinois | 3 | $ 489,000 | $ 163,000 | $ 197,000 |
| Cook County Illinois | 3 | $ 738,000 | $ 246,000 | $ 124,000 |
| Allamakee County Iowa | 3 | $ 483,000 | $ 161,000 | $ 58,000 |
| Isanti County Minnesota | 3 | $ 558,000 | $ 186,000 | $ 70,000 |
| Martin County Minnesota | 3 | $ 395,000 | $ 131,000 | $ 13,000 |
| McLeod County Minnesota | 3 | $ 582,000 | $ 194,000 | $ 51,000 |
| Pine County Minnesota | 3 | $ 565,000 | $ 188,000 | $ 110,000 |
| Waseca County Minnesota | 3 | $ 285,000 | $ 95,000 | $ 48,000 |
| Lancaster County Nebraska | 3 | $ 513,000 | $ 171,000 | $ 98,000 |
| Oliver County North Dakota | 3 | $ 458,000 | $ 152,000 | $ 176,000 |
| Charles Mix County South Dakota | 3 | $ 436,000 | $ 145,000 | $ 80,000 |
| Barron County Wisconsin | 3 | $ 265,000 | $ 88,000 | $ 82,000 |
| Dunn County Wisconsin | 3 | $ 643,000 | $ 214,000 | $ 154,000 |
| Polk County Wisconsin | 3 | $ 888,000 | $ 296,000 | $ 125,000 |
| Crook County Wyoming | 3 | $ 463,000 | $ 154,000 | $ 0 |
| Lee County Florida | 2 | $ 419,000 | $ 209,000 | $ 270,000 |
| Hawaii County Hawaii | 2 | $ 574,000 | $ 287,000 | $ 224,000 |
| Kane County Illinois | 2 | $ 485,000 | $ 242,000 | $ 146,000 |
| Clayton County Iowa | 2 | $ 174,000 | $ 87,000 | $ 52,000 |
| Johnson County Iowa | 2 | $ 542,000 | $ 271,000 | $ 0 |
| Keokuk County Iowa | 2 | $ 298,000 | $ 149,000 | $ 0 |
| Lee County Iowa | 2 | $ 408,000 | $ 204,000 | $ 88,000 |
| Brown County Minnesota | 2 | $ 319,000 | $ 159,000 | $ 367,000 |
| Clearwater County Minnesota | 2 | $ 300,000 | $ 150,000 | $ 46,000 |
| Kanabec County Minnesota | 2 | $ 258,000 | $ 129,000 | $ 45,000 |
| Norman County Minnesota | 2 | $ 252,000 | $ 126,000 | $ 69,000 |
| Renville County Minnesota | 2 | $ 153,000 | $ 76,000 | $ 79,000 |
| Benson County North Dakota | 2 | $ 315,000 | $ 157,000 | $ 73,000 |
| Mountrail County North Dakota | 2 | $ 205,000 | $ 102,000 | $ 78,000 |
| Rolette County North Dakota | 2 | $ 247,000 | $ 123,000 | $ 102,000 |
| Walsh County North Dakota | 2 | $ 275,000 | $ 137,000 | $ 64,000 |
| Ward County North Dakota | 2 | $ 406,000 | $ 203,000 | $ 263,000 |
| Gregory County South Dakota | 2 | $ 356,000 | $ 178,000 | $ 89,000 |
| Green Lake County Wisconsin | 2 | $ 251,000 | $ 125,000 | $ 110,000 |
| Milwaukee County Wisconsin | 2 | $ 250,000 | $ 125,000 | $ 0 |
| Pinal County Arizona | 1 | $ 148,000 | $ 148,000 | $ 185,000 |
| Yuma County Arizona | 1 | $ 58,000 | $ 58,000 | $ 31,000 |
| Benton County Arkansas | 1 | $ 118,000 | $ 118,000 | $ 47,000 |
| Arapahoe County Colorado | 1 | $ 400,000 | $ 400,000 | $ 117,000 |
| Eagle County Colorado | 1 | $ 246,000 | $ 246,000 | $ 0 |
| Jefferson County Colorado | 1 | $ 330,000 | $ 330,000 | $ 66,000 |
| Brevard County Florida | 1 | $ 203,000 | $ 203,000 | $ 94,000 |
| Collier County Florida | 1 | $ 265,000 | $ 265,000 | $ 272,000 |
| Jo Daviess County Illinois | 1 | $ 256,000 | $ 256,000 | $ 221,000 |
| Ogle County Illinois | 1 | $ 375,000 | $ 375,000 | $ 159,000 |
| Stephenson County Illinois | 1 | $ 100,000 | $ 100,000 | $ 53,000 |
| Franklin County Iowa | 1 | $ 53,000 | $ 53,000 | $ 33,000 |
| Linn County Iowa | 1 | $ 250,000 | $ 250,000 | $ 0 |
| Marion County Iowa | 1 | $ 254,000 | $ 254,000 | $ 122,000 |
| Marshall County Iowa | 1 | $ 227,000 | $ 227,000 | $ 0 |
| Mitchell County Iowa | 1 | $ 132,000 | $ 132,000 | $ 76,000 |
| Polk County Iowa | 1 | $ 207,000 | $ 207,000 | $ 0 |
| Story County Iowa | 1 | $ 150,000 | $ 150,000 | $ 68,000 |
| Van Buren County Iowa | 1 | $ 80,000 | $ 80,000 | $ 94,000 |
| Winnebago County Iowa | 1 | $ 296,000 | $ 296,000 | $ 134,000 |
| Worth County Iowa | 1 | $ 85,000 | $ 85,000 | $ 70,000 |
| Big Stone County Minnesota | 1 | $ 341,000 | $ 341,000 | $ 207,000 |
| Carlton County Minnesota | 1 | $ 146,000 | $ 146,000 | $ 43,000 |
| Chisago County Minnesota | 1 | $ 174,000 | $ 174,000 | $ 57,000 |
| Cook County Minnesota | 1 | $ 191,000 | $ 191,000 | $ 127,000 |
| Kittson County Minnesota | 1 | $ 206,000 | $ 206,000 | $ 93,000 |
| Koochiching County Minnesota | 1 | $ 87,000 | $ 87,000 | $ 71,000 |
| Lac qui Parle County Minnesota | 1 | $ 82,000 | $ 82,000 | $ 66,000 |
| Lake County Minnesota | 1 | $ 221,000 | $ 221,000 | $ 95,000 |
| Pennington County Minnesota | 1 | $ 145,000 | $ 145,000 | $ 86,000 |
| Pipestone County Minnesota | 1 | $ 126,000 | $ 126,000 | $ 89,000 |
| Swift County Minnesota | 1 | $ 271,000 | $ 271,000 | $ 167,000 |
| Wilkin County Minnesota | 1 | $ 95,000 | $ 95,000 | $ 73,000 |
| Fallon County Montana | 1 | $ 76,000 | $ 76,000 | $ 150,000 |
| Lewis and Clark County Montana | 1 | $ 248,000 | $ 248,000 | $ 120,000 |
| Douglas County Nebraska | 1 | $ 168,000 | $ 168,000 | $ 64,000 |
| York County Nebraska | 1 | $ 275,000 | $ 275,000 | $ 162,000 |
| Washoe County Nevada | 1 | $ 70,000 | $ 70,000 | $ 47,000 |
| Queens County New York | 1 | $ 424,000 | $ 424,000 | $ 79,000 |
| Dunn County North Dakota | 1 | $ 311,000 | $ 311,000 | $ 150,000 |
| Hettinger County North Dakota | 1 | $ 150,000 | $ 150,000 | $ 80,000 |
| Ransom County North Dakota | 1 | $ 279,000 | $ 279,000 | $ 77,000 |
| Sargent County North Dakota | 1 | $ 178,000 | $ 178,000 | $ 120,000 |
| Slope County North Dakota | 1 | $ 193,000 | $ 193,000 | $ 203,000 |
| Stark County North Dakota | 1 | $ 173,000 | $ 173,000 | $ 79,000 |
| Steele County North Dakota | 1 | $ 173,000 | $ 173,000 | $ 171,000 |
| Williams County North Dakota | 1 | $ 81,000 | $ 81,000 | $ 62,000 |
| Multnomah County Oregon | 1 | $ 424,000 | $ 424,000 | $ 174,000 |
| Bon Homme County South Dakota | 1 | $ 120,000 | $ 120,000 | $ 57,000 |
| Brown County South Dakota | 1 | $ 95,000 | $ 95,000 | $ 35,000 |
| Clay County South Dakota | 1 | $ 229,000 | $ 229,000 | $ 120,000 |
| Fall River County South Dakota | 1 | $ 160,000 | $ 160,000 | $ 0 |
| Mellette County South Dakota | 1 | $ 76,000 | $ 76,000 | $ 96,000 |
| Minnehaha County South Dakota | 1 | $ 238,000 | $ 238,000 | $ 87,000 |
| Parker County Texas | 1 | $ 146,000 | $ 146,000 | $ 0 |
| Pierce County Washington | 1 | $ 823,000 | $ 823,000 | $ 438,000 |
| Bayfield County Wisconsin | 1 | $ 350,000 | $ 350,000 | $ 140,000 |
| Calumet County Wisconsin | 1 | $ 336,000 | $ 336,000 | $ 140,000 |
| Columbia County Wisconsin | 1 | $ 55,000 | $ 55,000 | $ 100,000 |
| Crawford County Wisconsin | 1 | $ 277,000 | $ 277,000 | $ 100,000 |
| Douglas County Wisconsin | 1 | $ 338,000 | $ 338,000 | $ 144,000 |
| Grant County Wisconsin | 1 | $ 107,000 | $ 107,000 | $ 68,000 |
| Jackson County Wisconsin | 1 | $ 120,000 | $ 120,000 | $ 65,000 |
| Kenosha County Wisconsin | 1 | $ 100,000 | $ 100,000 | $ 66,000 |
| Marathon County Wisconsin | 1 | $ 117,000 | $ 117,000 | $ 46,000 |
| Oneida County Wisconsin | 1 | $ 424,000 | $ 424,000 | $ 104,000 |
| Ozaukee County Wisconsin | 1 | $ 135,000 | $ 135,000 | $ 128,000 |
| Richland County Wisconsin | 1 | $ 125,000 | $ 125,000 | $ 110,000 |
| Rusk County Wisconsin | 1 | $ 244,000 | $ 244,000 | $ 79,000 |
| Shawano County Wisconsin | 1 | $ 280,000 | $ 280,000 | $ 70,000 |
| Vilas County Wisconsin | 1 | $ 141,000 | $ 141,000 | $ 55,000 |
| Wood County Wisconsin | 1 | $ 624,000 | $ 624,000 | $ 0 |
Mortgage Loan Application Detail Totals for Merchants Bank, National Association in 2017
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 | 1,516 | $306,012,000 | $201,000 | $3,983,000 | $94,000 | $1,683,000 |
| Refinancing | 927 | $172,107,000 | $185,000 | $4,173,000 | $87,000 | $1,446,000 |
| Home Improvement | 96 | $11,466,000 | $119,000 | $950,000 | $131,000 | $4,924,000 |
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 | 2,104 | $383,442,000 | $182,000 | $1,078,000 | $99,000 | $4,924,000 |
| Not applicable | 212 | $61,642,000 | $290,000 | $4,173,000 | $0 | $0 |
| Not Provided | 155 | $33,722,000 | $217,000 | $1,429,000 | $129,000 | $567,000 |
| Asian | 29 | $4,725,000 | $162,000 | $424,000 | $88,000 | $241,000 |
| Hispanic | 25 | $3,280,000 | $131,000 | $424,000 | $87,000 | $392,000 |
| Black or African American | 10 | $2,099,000 | $209,000 | $417,000 | $191,000 | $434,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $412,000 | $206,000 | $229,000 | $74,000 | $77,000 |
| American Indian or Alaskan Native | 2 | $263,000 | $131,000 | $185,000 | $58,000 | $78,000 |
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) | 2,454 | $476,891,000 | $194,000 | $4,173,000 | $94,000 | $4,924,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 41 | $4,828,000 | $117,000 | $249,000 | $52,000 | $195,000 |
| VA-guaranteed (Veterans Administration) | 22 | $4,093,000 | $186,000 | $410,000 | $62,000 | $134,000 |
| FHA-insured (Federal Housing Administration) | 22 | $3,773,000 | $171,000 | $301,000 | $80,000 | $232,000 |
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 | 2,035 | $390,775,000 | $192,000 | $4,173,000 | $97,000 | $4,924,000 |
| Application Approved But Not Accepted | 275 | $56,280,000 | $204,000 | $1,429,000 | $100,000 | $567,000 |
| Application Denied By Financial Institution | 112 | $20,297,000 | $181,000 | $823,000 | $78,000 | $438,000 |
| Loan Purchased By The Institution | 91 | $16,907,000 | $185,000 | $424,000 | $0 | $0 |
| Application Withdrawn By Applicant | 20 | $3,779,000 | $188,000 | $489,000 | $88,000 | $198,000 |
| File Closed For Incompleteness | 6 | $1,547,000 | $257,000 | $424,000 | $177,000 | $350,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 36 | $5,619,000 | $156,000 | $325,000 | $59,000 | $162,000 |
| Credit History | 29 | $4,833,000 | $166,000 | $424,000 | $72,000 | $237,000 |
| Collateral | 27 | $5,926,000 | $219,000 | $823,000 | $116,000 | $438,000 |
| Other | 11 | $1,884,000 | $171,000 | $419,000 | $77,000 | $129,000 |
| Employment History | 6 | $1,166,000 | $194,000 | $356,000 | $67,000 | $96,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $193,000 | $193,000 | $193,000 | $44,000 | $44,000 |
| Unverifiable Information | 1 | $117,000 | $117,000 | $117,000 | $46,000 | $46,000 |
| Credit Application Incomplete | 1 | $559,000 | $559,000 | $559,000 | $54,000 | $54,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Merchants Bank, National Association's 2017 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.