Merchants Bank, National Association
HMDA Loan Application Totals
and Mortgage Lending Details
for 2018
Merchants Bank, National Association 2018 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 | 2,972 |
| Total Mortgage Loan Application Amount | $482,650,000 |
| Average Mortgage Loan Application Amount | $124,600 |
| Highest Mortgage Loan Application Amount | $2,885,000 |
| Average Applicant Income | $113,200 |
| Highest Applicant Income | $2,887,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2018 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 2018 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 2018.
| 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 | 566 | $ 66,530,000 | $ 117,000 | $ 93,000 |
| La Crosse County Wisconsin | 217 | $ 37,235,000 | $ 171,000 | $ 117,000 |
| Dakota County Minnesota | 201 | $ 33,575,000 | $ 167,000 | $ 132,000 |
| Olmsted County Minnesota | 179 | $ 33,865,000 | $ 189,000 | $ 123,000 |
| Goodhue County Minnesota | 173 | $ 24,555,000 | $ 141,000 | $ 100,000 |
| Houston County Minnesota | 132 | $ 15,220,000 | $ 115,000 | $ 80,000 |
| Otter Tail County Minnesota | 122 | $ 22,930,000 | $ 187,000 | $ 99,000 |
| Hennepin County Minnesota | 90 | $ 22,190,000 | $ 246,000 | $ 187,000 |
| Fillmore County Minnesota | 73 | $ 8,705,000 | $ 119,000 | $ 78,000 |
| Washington County Minnesota | 56 | $ 8,700,000 | $ 155,000 | $ 119,000 |
| Eau Claire County Wisconsin | 52 | $ 7,630,000 | $ 146,000 | $ 93,000 |
| Buffalo County Wisconsin | 50 | $ 6,600,000 | $ 132,000 | $ 95,000 |
| Lyon County Minnesota | 44 | $ 8,180,000 | $ 185,000 | $ 103,000 |
| Hubbard County Minnesota | 35 | $ 6,255,000 | $ 178,000 | $ 95,000 |
| Scott County Minnesota | 35 | $ 6,215,000 | $ 177,000 | $ 190,000 |
| Ramsey County Minnesota | 33 | $ 7,305,000 | $ 221,000 | $ 115,000 |
| St. Louis County Minnesota | 33 | $ 6,095,000 | $ 184,000 | $ 87,000 |
| Wright County Minnesota | 33 | $ 7,275,000 | $ 220,000 | $ 105,000 |
| Wabasha County Minnesota | 31 | $ 3,905,000 | $ 125,000 | $ 111,000 |
| Monroe County Wisconsin | 27 | $ 2,455,000 | $ 90,000 | $ 161,000 |
| Cass County Minnesota | 26 | $ 4,520,000 | $ 173,000 | $ 105,000 |
| Trempealeau County Wisconsin | 24 | $ 3,480,000 | $ 145,000 | $ 118,000 |
| Grand Forks County North Dakota | 22 | $ 4,020,000 | $ 182,000 | $ 114,000 |
| Winnebago County Illinois | 21 | $ 3,975,000 | $ 189,000 | $ 153,000 |
| Becker County Minnesota | 21 | $ 3,105,000 | $ 147,000 | $ 70,000 |
| Pierce County Wisconsin | 19 | $ 3,155,000 | $ 166,000 | $ 111,000 |
| Anoka County Minnesota | 18 | $ 3,780,000 | $ 210,000 | $ 104,000 |
| Mille Lacs County Minnesota | 18 | $ 3,440,000 | $ 191,000 | $ 89,000 |
| Vernon County Wisconsin | 18 | $ 2,600,000 | $ 144,000 | $ 111,000 |
| Kandiyohi County Minnesota | 17 | $ 3,285,000 | $ 193,000 | $ 78,000 |
| Cass County North Dakota | 17 | $ 3,105,000 | $ 182,000 | $ 79,000 |
| Washington County Iowa | 16 | $ 2,750,000 | $ 171,000 | $ 0 |
| Dodge County Minnesota | 16 | $ 2,750,000 | $ 171,000 | $ 124,000 |
| Rice County Minnesota | 16 | $ 3,310,000 | $ 206,000 | $ 107,000 |
| Carver County Minnesota | 15 | $ 3,105,000 | $ 207,000 | $ 200,000 |
| Watonwan County Minnesota | 15 | $ 2,105,000 | $ 140,000 | $ 83,000 |
| Mercer County North Dakota | 15 | $ 2,985,000 | $ 199,000 | $ 101,000 |
| Crow Wing County Minnesota | 14 | $ 2,550,000 | $ 182,000 | $ 91,000 |
| Sherburne County Minnesota | 14 | $ 4,150,000 | $ 296,000 | $ 117,000 |
| Blue Earth County Minnesota | 13 | $ 1,495,000 | $ 115,000 | $ 57,000 |
| Douglas County Minnesota | 12 | $ 2,580,000 | $ 215,000 | $ 92,000 |
| McLean County North Dakota | 11 | $ 2,145,000 | $ 195,000 | $ 101,000 |
| Lawrence County South Dakota | 11 | $ 2,665,000 | $ 242,000 | $ 0 |
| Faribault County Minnesota | 10 | $ 1,000,000 | $ 100,000 | $ 83,000 |
| Kanabec County Minnesota | 10 | $ 1,400,000 | $ 140,000 | $ 70,000 |
| Stearns County Minnesota | 10 | $ 2,290,000 | $ 229,000 | $ 134,000 |
| Cerro Gordo County Iowa | 9 | $ 895,000 | $ 99,000 | $ 78,000 |
| Polk County Minnesota | 9 | $ 2,055,000 | $ 228,000 | $ 90,000 |
| Chippewa County Wisconsin | 9 | $ 1,435,000 | $ 159,000 | $ 85,000 |
| Nicollet County Minnesota | 8 | $ 1,490,000 | $ 186,000 | $ 75,000 |
| Jackson County Wisconsin | 8 | $ 900,000 | $ 112,000 | $ 66,000 |
| Allamakee County Iowa | 7 | $ 1,295,000 | $ 185,000 | $ 125,000 |
| Grant County Minnesota | 7 | $ 1,245,000 | $ 177,000 | $ 92,000 |
| Lincoln County Minnesota | 7 | $ 1,455,000 | $ 207,000 | $ 95,000 |
| Meeker County Minnesota | 7 | $ 1,425,000 | $ 203,000 | $ 138,000 |
| Ramsey County North Dakota | 7 | $ 1,245,000 | $ 177,000 | $ 66,000 |
| Jefferson County Iowa | 6 | $ 670,000 | $ 111,000 | $ 0 |
| Aitkin County Minnesota | 6 | $ 1,010,000 | $ 168,000 | $ 99,000 |
| Chisago County Minnesota | 6 | $ 960,000 | $ 160,000 | $ 66,000 |
| Clay County Minnesota | 6 | $ 1,190,000 | $ 198,000 | $ 90,000 |
| Isanti County Minnesota | 6 | $ 1,040,000 | $ 173,000 | $ 99,000 |
| Sibley County Minnesota | 6 | $ 900,000 | $ 150,000 | $ 89,000 |
| Meade County South Dakota | 6 | $ 1,530,000 | $ 255,000 | $ 0 |
| Polk County Wisconsin | 6 | $ 1,330,000 | $ 221,000 | $ 179,000 |
| Boone County Illinois | 5 | $ 1,525,000 | $ 305,000 | $ 281,000 |
| McLeod County Minnesota | 5 | $ 815,000 | $ 163,000 | $ 175,000 |
| Mower County Minnesota | 5 | $ 385,000 | $ 77,000 | $ 78,000 |
| Redwood County Minnesota | 5 | $ 755,000 | $ 151,000 | $ 97,000 |
| Pembina County North Dakota | 5 | $ 715,000 | $ 143,000 | $ 107,000 |
| Butte County South Dakota | 5 | $ 495,000 | $ 99,000 | $ 0 |
| Pennington County South Dakota | 5 | $ 1,285,000 | $ 257,000 | $ 0 |
| Barron County Wisconsin | 5 | $ 915,000 | $ 183,000 | $ 238,000 |
| Pinal County Arizona | 4 | $ 1,080,000 | $ 270,000 | $ 210,000 |
| Worth County Iowa | 4 | $ 480,000 | $ 120,000 | $ 126,000 |
| Freeborn County Minnesota | 4 | $ 370,000 | $ 92,000 | $ 64,000 |
| Pine County Minnesota | 4 | $ 830,000 | $ 207,000 | $ 96,000 |
| Yellow Medicine County Minnesota | 4 | $ 680,000 | $ 170,000 | $ 75,000 |
| Gregory County South Dakota | 4 | $ 390,000 | $ 97,000 | $ 59,000 |
| Douglas County Wisconsin | 4 | $ 540,000 | $ 135,000 | $ 80,000 |
| Dunn County Wisconsin | 4 | $ 340,000 | $ 85,000 | $ 55,000 |
| Juneau County Wisconsin | 4 | $ 2,330,000 | $ 582,000 | $ 50,000 |
| St. Croix County Wisconsin | 4 | $ 760,000 | $ 190,000 | $ 103,000 |
| Maricopa County Arizona | 3 | $ 1,085,000 | $ 361,000 | $ 279,000 |
| Manatee County Florida | 3 | $ 845,000 | $ 281,000 | $ 297,000 |
| Cook County Illinois | 3 | $ 1,125,000 | $ 375,000 | $ 356,000 |
| Winneshiek County Iowa | 3 | $ 425,000 | $ 141,000 | $ 76,000 |
| Benton County Minnesota | 3 | $ 495,000 | $ 165,000 | $ 56,000 |
| Brown County Minnesota | 3 | $ 345,000 | $ 115,000 | $ 78,000 |
| Le Sueur County Minnesota | 3 | $ 595,000 | $ 198,000 | $ 115,000 |
| Marshall County Minnesota | 3 | $ 515,000 | $ 171,000 | $ 169,000 |
| Martin County Minnesota | 3 | $ 285,000 | $ 95,000 | $ 162,000 |
| Morrison County Minnesota | 3 | $ 585,000 | $ 195,000 | $ 123,000 |
| Pope County Minnesota | 3 | $ 1,065,000 | $ 355,000 | $ 161,000 |
| Steele County Minnesota | 3 | $ 485,000 | $ 161,000 | $ 76,000 |
| Wadena County Minnesota | 3 | $ 525,000 | $ 175,000 | $ 96,000 |
| Burleigh County North Dakota | 3 | $ 785,000 | $ 261,000 | $ 113,000 |
| McKenzie County North Dakota | 3 | $ 525,000 | $ 175,000 | $ 83,000 |
| Oliver County North Dakota | 3 | $ 605,000 | $ 201,000 | $ 105,000 |
| Charles Mix County South Dakota | 3 | $ 465,000 | $ 155,000 | $ 79,000 |
| Pierce County Washington | 3 | $ 925,000 | $ 308,000 | $ 508,000 |
| Bayfield County Wisconsin | 3 | $ 605,000 | $ 201,000 | $ 163,000 |
| Oneida County Wisconsin | 3 | $ 545,000 | $ 181,000 | $ 753,000 |
| Sawyer County Wisconsin | 3 | $ 245,000 | $ 81,000 | $ 62,000 |
| Lee County Florida | 2 | $ 550,000 | $ 275,000 | $ 139,000 |
| Pinellas County Florida | 2 | $ 540,000 | $ 270,000 | $ 90,000 |
| Henry County Iowa | 2 | $ 240,000 | $ 120,000 | $ 81,000 |
| Mitchell County Iowa | 2 | $ 200,000 | $ 100,000 | $ 61,000 |
| Beltrami County Minnesota | 2 | $ 410,000 | $ 205,000 | $ 117,000 |
| Carlton County Minnesota | 2 | $ 220,000 | $ 110,000 | $ 41,000 |
| Cottonwood County Minnesota | 2 | $ 250,000 | $ 125,000 | $ 104,000 |
| Lac qui Parle County Minnesota | 2 | $ 590,000 | $ 295,000 | $ 84,000 |
| Traverse County Minnesota | 2 | $ 370,000 | $ 185,000 | $ 83,000 |
| Lancaster County Nebraska | 2 | $ 170,000 | $ 85,000 | $ 70,000 |
| Sarpy County Nebraska | 2 | $ 360,000 | $ 180,000 | $ 80,000 |
| Saunders County Nebraska | 2 | $ 400,000 | $ 200,000 | $ 92,000 |
| Lyon County Nevada | 2 | $ 280,000 | $ 140,000 | $ 91,000 |
| Custer County South Dakota | 2 | $ 300,000 | $ 150,000 | $ 92,000 |
| Jones County South Dakota | 2 | $ 270,000 | $ 135,000 | $ 51,000 |
| Burnett County Wisconsin | 2 | $ 260,000 | $ 130,000 | $ 232,000 |
| Clark County Wisconsin | 2 | $ 210,000 | $ 105,000 | $ 59,000 |
| Dane County Wisconsin | 2 | $ 400,000 | $ 200,000 | $ 94,000 |
| Rusk County Wisconsin | 2 | $ 670,000 | $ 335,000 | $ 377,000 |
| Sauk County Wisconsin | 2 | $ 1,880,000 | $ 940,000 | $ 0 |
| Taylor County Wisconsin | 2 | $ 500,000 | $ 250,000 | $ 9,000 |
| Vilas County Wisconsin | 2 | $ 620,000 | $ 310,000 | $ 189,000 |
| Washburn County Wisconsin | 2 | $ 260,000 | $ 130,000 | $ 38,000 |
| Pima County Arizona | 1 | $ 175,000 | $ 175,000 | $ 83,000 |
| Yavapai County Arizona | 1 | $ 125,000 | $ 125,000 | $ 150,000 |
| Adams County Colorado | 1 | $ 195,000 | $ 195,000 | $ 552,000 |
| Gunnison County Colorado | 1 | $ 55,000 | $ 55,000 | $ 91,000 |
| Jefferson County Colorado | 1 | $ 455,000 | $ 455,000 | $ 146,000 |
| Broward County Florida | 1 | $ 455,000 | $ 455,000 | $ 174,000 |
| Charlotte County Florida | 1 | $ 115,000 | $ 115,000 | $ 199,000 |
| Collier County Florida | 1 | $ 1,155,000 | $ 1,155,000 | $ 170,000 |
| Marion County Florida | 1 | $ 95,000 | $ 95,000 | $ 74,000 |
| Osceola County Florida | 1 | $ 155,000 | $ 155,000 | $ 0 |
| Palm Beach County Florida | 1 | $ 245,000 | $ 245,000 | $ 102,000 |
| St. Johns County Florida | 1 | $ 235,000 | $ 235,000 | $ 92,000 |
| Ogle County Illinois | 1 | $ 235,000 | $ 235,000 | $ 158,000 |
| Stephenson County Illinois | 1 | $ 105,000 | $ 105,000 | $ 77,000 |
| Bartholomew County Indiana | 1 | $ 185,000 | $ 185,000 | $ 67,000 |
| Lake County Indiana | 1 | $ 335,000 | $ 335,000 | $ 550,000 |
| Des Moines County Iowa | 1 | $ 85,000 | $ 85,000 | $ 35,000 |
| Floyd County Iowa | 1 | $ 325,000 | $ 325,000 | $ 104,000 |
| Franklin County Iowa | 1 | $ 105,000 | $ 105,000 | $ 65,000 |
| Hancock County Iowa | 1 | $ 155,000 | $ 155,000 | $ 75,000 |
| Humboldt County Iowa | 1 | $ 45,000 | $ 45,000 | $ 97,000 |
| Marion County Iowa | 1 | $ 175,000 | $ 175,000 | $ 0 |
| Monroe County Iowa | 1 | $ 205,000 | $ 205,000 | $ 56,000 |
| Ontonagon County Michigan | 1 | $ 115,000 | $ 115,000 | $ 294,000 |
| Kittson County Minnesota | 1 | $ 35,000 | $ 35,000 | $ 24,000 |
| Lake of the Woods County Minnesota | 1 | $ 175,000 | $ 175,000 | $ 60,000 |
| Murray County Minnesota | 1 | $ 145,000 | $ 145,000 | $ 66,000 |
| Nobles County Minnesota | 1 | $ 195,000 | $ 195,000 | $ 64,000 |
| Pipestone County Minnesota | 1 | $ 315,000 | $ 315,000 | $ 85,000 |
| Renville County Minnesota | 1 | $ 55,000 | $ 55,000 | $ 48,000 |
| Wilkin County Minnesota | 1 | $ 155,000 | $ 155,000 | $ 126,000 |
| Richland County Montana | 1 | $ 245,000 | $ 245,000 | $ 32,000 |
| Stanton County Nebraska | 1 | $ 345,000 | $ 345,000 | $ 107,000 |
| Hillsborough County New Hampshire | 1 | $ 225,000 | $ 225,000 | $ 30,000 |
| Hettinger County North Dakota | 1 | $ 215,000 | $ 215,000 | $ 139,000 |
| Morton County North Dakota | 1 | $ 205,000 | $ 205,000 | $ 60,000 |
| Renville County North Dakota | 1 | $ 125,000 | $ 125,000 | $ 36,000 |
| Richland County North Dakota | 1 | $ 225,000 | $ 225,000 | $ 60,000 |
| Sheridan County North Dakota | 1 | $ 75,000 | $ 75,000 | $ 16,000 |
| Towner County North Dakota | 1 | $ 125,000 | $ 125,000 | $ 60,000 |
| Ward County North Dakota | 1 | $ 245,000 | $ 245,000 | $ 426,000 |
| Brookings County South Dakota | 1 | $ 145,000 | $ 145,000 | $ 48,000 |
| Minnehaha County South Dakota | 1 | $ 175,000 | $ 175,000 | $ 44,000 |
| Tripp County South Dakota | 1 | $ 135,000 | $ 135,000 | $ 41,000 |
| Galveston County Texas | 1 | $ 45,000 | $ 45,000 | $ 154,000 |
| Adams County Wisconsin | 1 | $ 125,000 | $ 125,000 | $ 0 |
| Columbia County Wisconsin | 1 | $ 105,000 | $ 105,000 | $ 80,000 |
| Crawford County Wisconsin | 1 | $ 605,000 | $ 605,000 | $ 469,000 |
| Grant County Wisconsin | 1 | $ 95,000 | $ 95,000 | $ 43,000 |
| Lincoln County Wisconsin | 1 | $ 235,000 | $ 235,000 | $ 96,000 |
| Marinette County Wisconsin | 1 | $ 85,000 | $ 85,000 | $ 42,000 |
| Pepin County Wisconsin | 1 | $ 475,000 | $ 475,000 | $ 0 |
| Price County Wisconsin | 1 | $ 125,000 | $ 125,000 | $ 48,000 |
| Washington County Wisconsin | 1 | $ 175,000 | $ 175,000 | $ 24,000 |
| Waukesha County Wisconsin | 1 | $ 205,000 | $ 205,000 | $ 80,000 |
Mortgage Loan Application Detail Totals for Merchants Bank, National Association in 2018
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 | 1,552 | $322,430,000 | $207,000 | $2,885,000 | $107,000 | $1,461,000 |
| Refinancing | 620 | $81,710,000 | $131,000 | $2,265,000 | $109,000 | $1,278,000 |
| Other Purpose | 328 | $19,180,000 | $58,000 | $455,000 | $117,000 | $643,000 |
| Cash-out Refinancing | 283 | $48,635,000 | $171,000 | $455,000 | $106,000 | $577,000 |
| Home Improvement | 189 | $10,695,000 | $56,000 | $505,000 | $127,000 | $2,887,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 2,515 | $397,635,000 | $158,000 | $1,285,000 | $107,000 | $2,887,000 |
| Not applicable | 194 | $48,570,000 | $250,000 | $2,885,000 | $0 | $0 |
| Not Provided | 193 | $24,065,000 | $124,000 | $785,000 | $133,000 | $934,000 |
| Asian | 28 | $5,730,000 | $204,000 | $895,000 | $129,000 | $485,000 |
| Hispanic | 26 | $3,080,000 | $118,000 | $255,000 | $92,000 | $760,000 |
| Black or African American | 7 | $1,545,000 | $220,000 | $655,000 | $147,000 | $377,000 |
| American Indian or Alaskan Native | 6 | $1,020,000 | $170,000 | $245,000 | $110,000 | $199,000 |
| 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) | 2,915 | $472,325,000 | $162,000 | $2,885,000 | $110,000 | $2,887,000 |
| VA-guaranteed (Veterans Administration) | 23 | $5,375,000 | $233,000 | $425,000 | $93,000 | $234,000 |
| FHA-insured (Federal Housing Administration) | 18 | $2,850,000 | $158,000 | $265,000 | $74,000 | $135,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 16 | $2,100,000 | $131,000 | $195,000 | $53,000 | $84,000 |
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 | 2,544 | $405,260,000 | $159,000 | $2,885,000 | $111,000 | $2,887,000 |
| Application Withdrawn By Applicant | 228 | $42,130,000 | $184,000 | $1,285,000 | $102,000 | $934,000 |
| Application Denied By Financial Institution | 98 | $14,870,000 | $151,000 | $575,000 | $75,000 | $285,000 |
| Loan Purchased By The Institution | 51 | $9,755,000 | $191,000 | $455,000 | $0 | $0 |
| Application Approved But Not Accepted | 46 | $9,710,000 | $211,000 | $585,000 | $125,000 | $552,000 |
| File Closed For Incompleteness | 5 | $925,000 | $185,000 | $265,000 | $96,000 | $180,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 2,874 | $467,780,000 | $162,000 | $2,885,000 | $111,000 | $2,887,000 |
| Debt-To-Income Ratio | 38 | $6,430,000 | $169,000 | $425,000 | $59,000 | $124,000 |
| Collateral | 26 | $3,810,000 | $146,000 | $425,000 | $89,000 | $285,000 |
| Credit History | 21 | $2,645,000 | $125,000 | $575,000 | $75,000 | $235,000 |
| Other | 8 | $1,110,000 | $138,000 | $375,000 | $103,000 | $224,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $455,000 | $151,000 | $295,000 | $67,000 | $111,000 |
| Unverifiable Information | 2 | $420,000 | $210,000 | $335,000 | $81,000 | $106,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Merchants Bank, National Association's 2018 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.