Merchants Bank, National Association
Mortgage Loan Application
Totals and Details
for 2019
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 | 3,625 |
| Total Mortgage Loan Application Amount | $662,955,000 |
| Average Mortgage Loan Application Amount | $139,800 |
| Highest Mortgage Loan Application Amount | $6,775,000 |
| Average Applicant Income | $115,200 |
| Highest Applicant Income | $2,609,000 |
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 | 638 | $ 84,870,000 | $ 133,000 | $ 97,000 |
| Olmsted County Minnesota | 253 | $ 44,855,000 | $ 177,000 | $ 120,000 |
| Dakota County Minnesota | 248 | $ 46,720,000 | $ 188,000 | $ 124,000 |
| La Crosse County Wisconsin | 235 | $ 51,945,000 | $ 221,000 | $ 126,000 |
| Goodhue County Minnesota | 194 | $ 32,620,000 | $ 168,000 | $ 113,000 |
| Otter Tail County Minnesota | 177 | $ 37,145,000 | $ 209,000 | $ 96,000 |
| Houston County Minnesota | 150 | $ 21,790,000 | $ 145,000 | $ 99,000 |
| Hennepin County Minnesota | 101 | $ 26,255,000 | $ 259,000 | $ 157,000 |
| Fillmore County Minnesota | 94 | $ 9,670,000 | $ 102,000 | $ 81,000 |
| Washington County Minnesota | 78 | $ 17,620,000 | $ 225,000 | $ 183,000 |
| Eau Claire County Wisconsin | 67 | $ 20,045,000 | $ 299,000 | $ 117,000 |
| Scott County Minnesota | 65 | $ 16,585,000 | $ 255,000 | $ 170,000 |
| Hubbard County Minnesota | 63 | $ 11,055,000 | $ 175,000 | $ 95,000 |
| Wabasha County Minnesota | 55 | $ 9,265,000 | $ 168,000 | $ 112,000 |
| Buffalo County Wisconsin | 55 | $ 6,535,000 | $ 118,000 | $ 74,000 |
| Wright County Minnesota | 47 | $ 9,815,000 | $ 208,000 | $ 98,000 |
| Lyon County Minnesota | 44 | $ 7,220,000 | $ 164,000 | $ 88,000 |
| Winnebago County Illinois | 37 | $ 7,115,000 | $ 192,000 | $ 159,000 |
| Trempealeau County Wisconsin | 35 | $ 5,815,000 | $ 166,000 | $ 140,000 |
| Cass County Minnesota | 34 | $ 6,400,000 | $ 188,000 | $ 137,000 |
| St. Louis County Minnesota | 34 | $ 5,900,000 | $ 173,000 | $ 120,000 |
| Anoka County Minnesota | 30 | $ 6,830,000 | $ 227,000 | $ 114,000 |
| Becker County Minnesota | 27 | $ 5,425,000 | $ 200,000 | $ 91,000 |
| Ramsey County Minnesota | 27 | $ 5,305,000 | $ 196,000 | $ 117,000 |
| Rice County Minnesota | 27 | $ 5,725,000 | $ 212,000 | $ 116,000 |
| Dodge County Minnesota | 26 | $ 5,250,000 | $ 201,000 | $ 104,000 |
| Vernon County Wisconsin | 26 | $ 5,110,000 | $ 196,000 | $ 95,000 |
| Blue Earth County Minnesota | 23 | $ 7,695,000 | $ 334,000 | $ 89,000 |
| Douglas County Minnesota | 23 | $ 5,545,000 | $ 241,000 | $ 97,000 |
| Mercer County North Dakota | 22 | $ 4,580,000 | $ 208,000 | $ 102,000 |
| Pierce County Wisconsin | 22 | $ 4,160,000 | $ 189,000 | $ 120,000 |
| Grand Forks County North Dakota | 20 | $ 4,650,000 | $ 232,000 | $ 148,000 |
| Mille Lacs County Minnesota | 19 | $ 3,495,000 | $ 183,000 | $ 86,000 |
| Washington County Iowa | 18 | $ 2,740,000 | $ 152,000 | $ 0 |
| Cass County North Dakota | 18 | $ 4,340,000 | $ 241,000 | $ 105,000 |
| Sherburne County Minnesota | 17 | $ 4,495,000 | $ 264,000 | $ 138,000 |
| Chippewa County Wisconsin | 17 | $ 4,005,000 | $ 235,000 | $ 107,000 |
| Watonwan County Minnesota | 15 | $ 1,485,000 | $ 99,000 | $ 51,000 |
| Nicollet County Minnesota | 14 | $ 2,810,000 | $ 200,000 | $ 116,000 |
| Carver County Minnesota | 13 | $ 2,495,000 | $ 191,000 | $ 155,000 |
| Monroe County Wisconsin | 13 | $ 2,335,000 | $ 179,000 | $ 154,000 |
| Crow Wing County Minnesota | 12 | $ 2,090,000 | $ 174,000 | $ 147,000 |
| McLean County North Dakota | 12 | $ 2,180,000 | $ 181,000 | $ 103,000 |
| Polk County Minnesota | 11 | $ 1,895,000 | $ 172,000 | $ 72,000 |
| Aitkin County Minnesota | 10 | $ 1,660,000 | $ 166,000 | $ 91,000 |
| Kandiyohi County Minnesota | 10 | $ 2,100,000 | $ 210,000 | $ 83,000 |
| Meeker County Minnesota | 10 | $ 1,920,000 | $ 192,000 | $ 85,000 |
| Steele County Minnesota | 10 | $ 1,390,000 | $ 139,000 | $ 118,000 |
| Lawrence County South Dakota | 10 | $ 2,950,000 | $ 295,000 | $ 0 |
| Pennington County South Dakota | 10 | $ 2,480,000 | $ 248,000 | $ 153,000 |
| Jackson County Wisconsin | 10 | $ 1,370,000 | $ 137,000 | $ 82,000 |
| Cerro Gordo County Iowa | 9 | $ 1,335,000 | $ 148,000 | $ 66,000 |
| Faribault County Minnesota | 9 | $ 935,000 | $ 103,000 | $ 76,000 |
| Douglas County Wisconsin | 9 | $ 1,345,000 | $ 149,000 | $ 63,000 |
| Sawyer County Wisconsin | 9 | $ 2,075,000 | $ 230,000 | $ 197,000 |
| Carlton County Minnesota | 8 | $ 1,410,000 | $ 176,000 | $ 64,000 |
| Todd County Minnesota | 8 | $ 1,230,000 | $ 153,000 | $ 63,000 |
| Wadena County Minnesota | 8 | $ 1,310,000 | $ 163,000 | $ 124,000 |
| Isanti County Minnesota | 7 | $ 1,585,000 | $ 226,000 | $ 84,000 |
| Kanabec County Minnesota | 7 | $ 1,555,000 | $ 222,000 | $ 116,000 |
| Le Sueur County Minnesota | 7 | $ 1,125,000 | $ 160,000 | $ 121,000 |
| Sibley County Minnesota | 7 | $ 755,000 | $ 107,000 | $ 54,000 |
| Stearns County Minnesota | 7 | $ 1,825,000 | $ 260,000 | $ 77,000 |
| Pembina County North Dakota | 7 | $ 925,000 | $ 132,000 | $ 92,000 |
| Ramsey County North Dakota | 7 | $ 1,115,000 | $ 159,000 | $ 91,000 |
| Boone County Illinois | 6 | $ 1,620,000 | $ 270,000 | $ 185,000 |
| Jefferson County Iowa | 6 | $ 920,000 | $ 153,000 | $ 0 |
| Winneshiek County Iowa | 6 | $ 2,110,000 | $ 351,000 | $ 136,000 |
| Marshall County Minnesota | 6 | $ 780,000 | $ 130,000 | $ 74,000 |
| Yellow Medicine County Minnesota | 6 | $ 750,000 | $ 125,000 | $ 75,000 |
| Benton County Minnesota | 5 | $ 1,105,000 | $ 221,000 | $ 84,000 |
| Clay County Minnesota | 5 | $ 1,125,000 | $ 225,000 | $ 76,000 |
| Cottonwood County Minnesota | 5 | $ 545,000 | $ 109,000 | $ 57,000 |
| Lincoln County Minnesota | 5 | $ 825,000 | $ 165,000 | $ 98,000 |
| Mower County Minnesota | 5 | $ 815,000 | $ 163,000 | $ 73,000 |
| Dunn County Wisconsin | 5 | $ 855,000 | $ 171,000 | $ 119,000 |
| St. Croix County Wisconsin | 5 | $ 1,155,000 | $ 231,000 | $ 134,000 |
| Floyd County Iowa | 4 | $ 830,000 | $ 207,000 | $ 90,000 |
| Lee County Iowa | 4 | $ 650,000 | $ 162,000 | $ 79,000 |
| Marion County Iowa | 4 | $ 810,000 | $ 202,000 | $ 0 |
| Mitchell County Iowa | 4 | $ 190,000 | $ 47,000 | $ 69,000 |
| Beltrami County Minnesota | 4 | $ 820,000 | $ 205,000 | $ 285,000 |
| Pipestone County Minnesota | 4 | $ 610,000 | $ 152,000 | $ 50,000 |
| Adams County Wisconsin | 4 | $ 340,000 | $ 85,000 | $ 51,000 |
| Barron County Wisconsin | 4 | $ 480,000 | $ 120,000 | $ 146,000 |
| Polk County Wisconsin | 4 | $ 680,000 | $ 170,000 | $ 214,000 |
| Maricopa County Arizona | 3 | $ 715,000 | $ 238,000 | $ 202,000 |
| Lake County Illinois | 3 | $ 505,000 | $ 168,000 | $ 315,000 |
| Hancock County Iowa | 3 | $ 405,000 | $ 135,000 | $ 68,000 |
| Louisa County Iowa | 3 | $ 395,000 | $ 131,000 | $ 0 |
| Polk County Iowa | 3 | $ 755,000 | $ 251,000 | $ 229,000 |
| Brown County Minnesota | 3 | $ 415,000 | $ 138,000 | $ 111,000 |
| Chisago County Minnesota | 3 | $ 295,000 | $ 98,000 | $ 122,000 |
| Grant County Minnesota | 3 | $ 395,000 | $ 131,000 | $ 86,000 |
| Norman County Minnesota | 3 | $ 345,000 | $ 115,000 | $ 42,000 |
| Lyon County Nevada | 3 | $ 975,000 | $ 325,000 | $ 132,000 |
| Charles Mix County South Dakota | 3 | $ 365,000 | $ 121,000 | $ 68,000 |
| Bayfield County Wisconsin | 3 | $ 265,000 | $ 88,000 | $ 70,000 |
| Burnett County Wisconsin | 3 | $ 645,000 | $ 215,000 | $ 72,000 |
| Clark County Wisconsin | 3 | $ 685,000 | $ 228,000 | $ 85,000 |
| Marathon County Wisconsin | 3 | $ 625,000 | $ 208,000 | $ 189,000 |
| Outagamie County Wisconsin | 3 | $ 1,095,000 | $ 365,000 | $ 87,000 |
| Pepin County Wisconsin | 3 | $ 225,000 | $ 75,000 | $ 172,000 |
| Rock County Wisconsin | 3 | $ 685,000 | $ 228,000 | $ 117,000 |
| Rusk County Wisconsin | 3 | $ 305,000 | $ 101,000 | $ 63,000 |
| Pima County Arizona | 2 | $ 150,000 | $ 75,000 | $ 61,000 |
| Pinal County Arizona | 2 | $ 530,000 | $ 265,000 | $ 74,000 |
| Riverside County California | 2 | $ 650,000 | $ 325,000 | $ 382,000 |
| Routt County Colorado | 2 | $ 830,000 | $ 415,000 | $ 516,000 |
| Sarasota County Florida | 2 | $ 850,000 | $ 425,000 | $ 172,000 |
| Kane County Illinois | 2 | $ 450,000 | $ 225,000 | $ 137,000 |
| Henry County Iowa | 2 | $ 220,000 | $ 110,000 | $ 37,000 |
| Freeborn County Minnesota | 2 | $ 220,000 | $ 110,000 | $ 54,000 |
| Jackson County Minnesota | 2 | $ 280,000 | $ 140,000 | $ 101,000 |
| Kittson County Minnesota | 2 | $ 150,000 | $ 75,000 | $ 59,000 |
| Lac qui Parle County Minnesota | 2 | $ 540,000 | $ 270,000 | $ 158,000 |
| Lake of the Woods County Minnesota | 2 | $ 600,000 | $ 300,000 | $ 262,000 |
| McLeod County Minnesota | 2 | $ 320,000 | $ 160,000 | $ 54,000 |
| Morrison County Minnesota | 2 | $ 570,000 | $ 285,000 | $ 160,000 |
| Pope County Minnesota | 2 | $ 300,000 | $ 150,000 | $ 58,000 |
| Redwood County Minnesota | 2 | $ 400,000 | $ 200,000 | $ 85,000 |
| Burleigh County North Dakota | 2 | $ 560,000 | $ 280,000 | $ 138,000 |
| Cavalier County North Dakota | 2 | $ 280,000 | $ 140,000 | $ 105,000 |
| Dunn County North Dakota | 2 | $ 440,000 | $ 220,000 | $ 121,000 |
| Morton County North Dakota | 2 | $ 340,000 | $ 170,000 | $ 68,000 |
| Butte County South Dakota | 2 | $ 390,000 | $ 195,000 | $ 0 |
| Tripp County South Dakota | 2 | $ 380,000 | $ 190,000 | $ 85,000 |
| Denton County Texas | 2 | $ 380,000 | $ 190,000 | $ 484,000 |
| Crawford County Wisconsin | 2 | $ 240,000 | $ 120,000 | $ 96,000 |
| Juneau County Wisconsin | 2 | $ 590,000 | $ 295,000 | $ 250,000 |
| Sauk County Wisconsin | 2 | $ 530,000 | $ 265,000 | $ 0 |
| Washburn County Wisconsin | 2 | $ 480,000 | $ 240,000 | $ 176,000 |
| Waukesha County Wisconsin | 2 | $ 440,000 | $ 220,000 | $ 147,000 |
| Crook County Wyoming | 2 | $ 620,000 | $ 310,000 | $ 0 |
| Coffee County Alabama | 1 | $ 55,000 | $ 55,000 | $ 358,000 |
| Arapahoe County Colorado | 1 | $ 395,000 | $ 395,000 | $ 87,000 |
| Jefferson County Colorado | 1 | $ 345,000 | $ 345,000 | $ 112,000 |
| Pueblo County Colorado | 1 | $ 85,000 | $ 85,000 | $ 135,000 |
| Summit County Colorado | 1 | $ 235,000 | $ 235,000 | $ 388,000 |
| Broward County Florida | 1 | $ 365,000 | $ 365,000 | $ 118,000 |
| Charlotte County Florida | 1 | $ 365,000 | $ 365,000 | $ 253,000 |
| Lee County Florida | 1 | $ 235,000 | $ 235,000 | $ 190,000 |
| Volusia County Florida | 1 | $ 285,000 | $ 285,000 | $ 146,000 |
| Cook County Illinois | 1 | $ 205,000 | $ 205,000 | $ 71,000 |
| DuPage County Illinois | 1 | $ 385,000 | $ 385,000 | $ 452,000 |
| Lee County Illinois | 1 | $ 255,000 | $ 255,000 | $ 98,000 |
| Madison County Illinois | 1 | $ 185,000 | $ 185,000 | $ 71,000 |
| Ogle County Illinois | 1 | $ 205,000 | $ 205,000 | $ 138,000 |
| Stephenson County Illinois | 1 | $ 485,000 | $ 485,000 | $ 452,000 |
| Will County Illinois | 1 | $ 355,000 | $ 355,000 | $ 114,000 |
| Hamilton County Indiana | 1 | $ 95,000 | $ 95,000 | $ 117,000 |
| Allamakee County Iowa | 1 | $ 155,000 | $ 155,000 | $ 93,000 |
| Cedar County Iowa | 1 | $ 85,000 | $ 85,000 | $ 61,000 |
| Fayette County Iowa | 1 | $ 75,000 | $ 75,000 | $ 31,000 |
| Hamilton County Iowa | 1 | $ 315,000 | $ 315,000 | $ 79,000 |
| Johnson County Iowa | 1 | $ 115,000 | $ 115,000 | $ 0 |
| Keokuk County Iowa | 1 | $ 65,000 | $ 65,000 | $ 0 |
| Linn County Iowa | 1 | $ 215,000 | $ 215,000 | $ 0 |
| Winnebago County Iowa | 1 | $ 55,000 | $ 55,000 | $ 35,000 |
| Iosco County Michigan | 1 | $ 175,000 | $ 175,000 | $ 122,000 |
| Big Stone County Minnesota | 1 | $ 185,000 | $ 185,000 | $ 96,000 |
| Chippewa County Minnesota | 1 | $ 55,000 | $ 55,000 | $ 59,000 |
| Cook County Minnesota | 1 | $ 155,000 | $ 155,000 | $ 53,000 |
| Itasca County Minnesota | 1 | $ 275,000 | $ 275,000 | $ 125,000 |
| Pennington County Minnesota | 1 | $ 125,000 | $ 125,000 | $ 47,000 |
| Red Lake County Minnesota | 1 | $ 125,000 | $ 125,000 | $ 52,000 |
| Renville County Minnesota | 1 | $ 245,000 | $ 245,000 | $ 136,000 |
| Rock County Minnesota | 1 | $ 205,000 | $ 205,000 | $ 91,000 |
| Roseau County Minnesota | 1 | $ 245,000 | $ 245,000 | $ 99,000 |
| Waseca County Minnesota | 1 | $ 75,000 | $ 75,000 | $ 48,000 |
| Flathead County Montana | 1 | $ 155,000 | $ 155,000 | $ 95,000 |
| Nuckolls County Nebraska | 1 | $ 55,000 | $ 55,000 | $ 30,000 |
| Saunders County Nebraska | 1 | $ 135,000 | $ 135,000 | $ 144,000 |
| Clark County Nevada | 1 | $ 55,000 | $ 55,000 | $ 144,000 |
| Nelson County North Dakota | 1 | $ 95,000 | $ 95,000 | $ 50,000 |
| Oliver County North Dakota | 1 | $ 225,000 | $ 225,000 | $ 94,000 |
| Richland County North Dakota | 1 | $ 195,000 | $ 195,000 | $ 71,000 |
| Stark County North Dakota | 1 | $ 255,000 | $ 255,000 | $ 166,000 |
| Stutsman County North Dakota | 1 | $ 205,000 | $ 205,000 | $ 110,000 |
| Traill County North Dakota | 1 | $ 265,000 | $ 265,000 | $ 131,000 |
| Hamilton County Ohio | 1 | $ 105,000 | $ 105,000 | $ 54,000 |
| Ottawa County Ohio | 1 | $ 185,000 | $ 185,000 | $ 401,000 |
| Washington County Rhode Island | 1 | $ 225,000 | $ 225,000 | $ 84,000 |
| Greenville County South Carolina | 1 | $ 485,000 | $ 485,000 | $ 263,000 |
| Brookings County South Dakota | 1 | $ 205,000 | $ 205,000 | $ 77,000 |
| Deuel County South Dakota | 1 | $ 75,000 | $ 75,000 | $ 19,000 |
| Gregory County South Dakota | 1 | $ 135,000 | $ 135,000 | $ 61,000 |
| Hughes County South Dakota | 1 | $ 125,000 | $ 125,000 | $ 36,000 |
| Jones County South Dakota | 1 | $ 195,000 | $ 195,000 | $ 57,000 |
| Lincoln County South Dakota | 1 | $ 115,000 | $ 115,000 | $ 41,000 |
| Meade County South Dakota | 1 | $ 355,000 | $ 355,000 | $ 0 |
| Todd County South Dakota | 1 | $ 145,000 | $ 145,000 | $ 62,000 |
| Lincoln County Tennessee | 1 | $ 365,000 | $ 365,000 | $ 165,000 |
| Augusta County Virginia | 1 | $ 365,000 | $ 365,000 | $ 351,000 |
| King County Washington | 1 | $ 435,000 | $ 435,000 | $ 126,000 |
| Pierce County Washington | 1 | $ 725,000 | $ 725,000 | $ 638,000 |
| Ashland County Wisconsin | 1 | $ 95,000 | $ 95,000 | $ 182,000 |
| Dane County Wisconsin | 1 | $ 305,000 | $ 305,000 | $ 145,000 |
| Fond du Lac County Wisconsin | 1 | $ 185,000 | $ 185,000 | $ 64,000 |
| Kenosha County Wisconsin | 1 | $ 145,000 | $ 145,000 | $ 56,000 |
| Marinette County Wisconsin | 1 | $ 215,000 | $ 215,000 | $ 102,000 |
| Oneida County Wisconsin | 1 | $ 265,000 | $ 265,000 | $ 75,000 |
| Richland County Wisconsin | 1 | $ 105,000 | $ 105,000 | $ 584,000 |
| Sheboygan County Wisconsin | 1 | $ 185,000 | $ 185,000 | $ 84,000 |
| Vilas County Wisconsin | 1 | $ 375,000 | $ 375,000 | $ 112,000 |
| Waushara County Wisconsin | 1 | $ 135,000 | $ 135,000 | $ 167,000 |
| Wood County Wisconsin | 1 | $ 195,000 | $ 195,000 | $ 82,000 |
| Natrona County Wyoming | 1 | $ 275,000 | $ 275,000 | $ 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 2019
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 | 1,528 | $318,180,000 | $208,000 | $3,805,000 | $108,000 | $1,117,000 |
| Refinancing | 1,010 | $197,850,000 | $195,000 | $6,775,000 | $121,000 | $2,609,000 |
| Cash-out Refinancing | 617 | $123,035,000 | $199,000 | $705,000 | $110,000 | $1,466,000 |
| Other Purpose | 316 | $17,220,000 | $54,000 | $455,000 | $121,000 | $1,071,000 |
| Home Improvement | 154 | $6,670,000 | $43,000 | $195,000 | $116,000 | $512,000 |
| 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 | 3,118 | $547,930,000 | $175,000 | $2,345,000 | $111,000 | $2,609,000 |
| Not Provided | 198 | $36,770,000 | $185,000 | $1,885,000 | $138,000 | $781,000 |
| Not applicable | 189 | $53,945,000 | $285,000 | $6,775,000 | $0 | $0 |
| Asian | 50 | $11,360,000 | $227,000 | $475,000 | $187,000 | $566,000 |
| Hispanic | 33 | $4,535,000 | $137,000 | $395,000 | $78,000 | $222,000 |
| Black or African American | 25 | $6,225,000 | $249,000 | $485,000 | $107,000 | $293,000 |
| American Indian or Alaskan Native | 9 | $1,705,000 | $189,000 | $485,000 | $105,000 | $198,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $195,000 | $195,000 | $195,000 | $156,000 | $156,000 |
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) | 3,553 | $649,155,000 | $182,000 | $6,775,000 | $114,000 | $2,609,000 |
| VA-guaranteed (Veterans Administration) | 30 | $6,810,000 | $227,000 | $405,000 | $79,000 | $189,000 |
| FHA-insured (Federal Housing Administration) | 26 | $4,890,000 | $188,000 | $335,000 | $72,000 | $151,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 16 | $2,100,000 | $131,000 | $195,000 | $53,000 | $73,000 |
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 | 3,201 | $578,985,000 | $180,000 | $6,775,000 | $114,000 | $1,117,000 |
| Application Withdrawn By Applicant | 238 | $49,050,000 | $206,000 | $1,885,000 | $110,000 | $1,466,000 |
| Application Denied By Financial Institution | 106 | $19,040,000 | $179,000 | $2,345,000 | $105,000 | $2,609,000 |
| Loan Purchased By The Institution | 61 | $12,315,000 | $201,000 | $485,000 | $0 | $0 |
| Application Approved But Not Accepted | 15 | $3,005,000 | $200,000 | $455,000 | $118,000 | $265,000 |
| File Closed For Incompleteness | 4 | $560,000 | $140,000 | $215,000 | $69,000 | $124,000 |
| 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 | 3,519 | $643,915,000 | $182,000 | $6,775,000 | $113,000 | $1,466,000 |
| Debt-To-Income Ratio | 35 | $5,525,000 | $157,000 | $765,000 | $74,000 | $220,000 |
| Credit History | 26 | $3,890,000 | $149,000 | $695,000 | $68,000 | $250,000 |
| Collateral | 23 | $6,285,000 | $273,000 | $2,345,000 | $229,000 | $2,609,000 |
| Other | 12 | $1,750,000 | $145,000 | $295,000 | $89,000 | $224,000 |
| Employment History | 5 | $835,000 | $167,000 | $335,000 | $52,000 | $111,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $395,000 | $131,000 | $185,000 | $69,000 | $137,000 |
| Unverifiable Information | 2 | $360,000 | $180,000 | $285,000 | $51,000 | $76,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 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.