Merchants Bank, National Association
HMDA Loan Application Totals
and Mortgage Lending Details
for 2020
Merchants Bank, National Association 2020 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 | 5,832 |
| Total Mortgage Loan Application Amount | $1,198,530,000 |
| Average Mortgage Loan Application Amount | $155,600 |
| Highest Mortgage Loan Application Amount | $16,025,000 |
| Average Applicant Income | $113,600 |
| Highest Applicant Income | $2,300,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2020 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 2020 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 2020.
| 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 | 737 | $ 114,155,000 | $ 154,000 | $ 92,000 |
| Dakota County Minnesota | 433 | $ 106,515,000 | $ 245,000 | $ 123,000 |
| La Crosse County Wisconsin | 428 | $ 84,480,000 | $ 197,000 | $ 123,000 |
| Otter Tail County Minnesota | 378 | $ 81,260,000 | $ 214,000 | $ 96,000 |
| Goodhue County Minnesota | 346 | $ 66,520,000 | $ 192,000 | $ 103,000 |
| Olmsted County Minnesota | 341 | $ 68,975,000 | $ 202,000 | $ 123,000 |
| Houston County Minnesota | 240 | $ 40,170,000 | $ 167,000 | $ 97,000 |
| Hennepin County Minnesota | 210 | $ 67,730,000 | $ 322,000 | $ 153,000 |
| Fillmore County Minnesota | 114 | $ 16,410,000 | $ 143,000 | $ 77,000 |
| Washington County Minnesota | 111 | $ 24,405,000 | $ 219,000 | $ 146,000 |
| Rice County Minnesota | 98 | $ 18,250,000 | $ 186,000 | $ 103,000 |
| Wright County Minnesota | 96 | $ 21,710,000 | $ 226,000 | $ 106,000 |
| Scott County Minnesota | 94 | $ 25,540,000 | $ 271,000 | $ 175,000 |
| Eau Claire County Wisconsin | 94 | $ 18,200,000 | $ 193,000 | $ 89,000 |
| Hubbard County Minnesota | 76 | $ 16,750,000 | $ 220,000 | $ 124,000 |
| Washington County Iowa | 67 | $ 11,285,000 | $ 168,000 | $ 41,000 |
| Cass County Minnesota | 65 | $ 13,765,000 | $ 211,000 | $ 125,000 |
| Trempealeau County Wisconsin | 60 | $ 9,880,000 | $ 164,000 | $ 88,000 |
| Lyon County Minnesota | 58 | $ 11,200,000 | $ 193,000 | $ 109,000 |
| Wabasha County Minnesota | 56 | $ 10,120,000 | $ 180,000 | $ 105,000 |
| St. Louis County Minnesota | 55 | $ 10,885,000 | $ 197,000 | $ 113,000 |
| Buffalo County Wisconsin | 54 | $ 6,730,000 | $ 124,000 | $ 98,000 |
| Anoka County Minnesota | 50 | $ 10,850,000 | $ 217,000 | $ 106,000 |
| Crow Wing County Minnesota | 50 | $ 14,340,000 | $ 286,000 | $ 140,000 |
| Ramsey County Minnesota | 50 | $ 17,050,000 | $ 341,000 | $ 149,000 |
| Pierce County Wisconsin | 48 | $ 9,000,000 | $ 187,000 | $ 110,000 |
| Becker County Minnesota | 46 | $ 10,130,000 | $ 220,000 | $ 106,000 |
| Stearns County Minnesota | 44 | $ 9,350,000 | $ 212,000 | $ 79,000 |
| Mille Lacs County Minnesota | 43 | $ 8,955,000 | $ 208,000 | $ 117,000 |
| Douglas County Minnesota | 41 | $ 10,895,000 | $ 265,000 | $ 83,000 |
| Mercer County North Dakota | 36 | $ 6,500,000 | $ 180,000 | $ 100,000 |
| Dodge County Minnesota | 34 | $ 5,320,000 | $ 156,000 | $ 89,000 |
| Sherburne County Minnesota | 34 | $ 8,070,000 | $ 237,000 | $ 136,000 |
| Blue Earth County Minnesota | 33 | $ 5,905,000 | $ 178,000 | $ 85,000 |
| Vernon County Wisconsin | 33 | $ 7,405,000 | $ 224,000 | $ 89,000 |
| Jefferson County Iowa | 30 | $ 4,720,000 | $ 157,000 | $ 63,000 |
| Carver County Minnesota | 30 | $ 9,150,000 | $ 305,000 | $ 159,000 |
| Lawrence County South Dakota | 30 | $ 7,930,000 | $ 264,000 | $ 0 |
| McLean County North Dakota | 29 | $ 6,495,000 | $ 223,000 | $ 110,000 |
| Pennington County South Dakota | 27 | $ 6,175,000 | $ 228,000 | $ 0 |
| Chippewa County Wisconsin | 27 | $ 7,085,000 | $ 262,000 | $ 116,000 |
| St. Croix County Wisconsin | 27 | $ 6,225,000 | $ 230,000 | $ 148,000 |
| Polk County Minnesota | 26 | $ 5,410,000 | $ 208,000 | $ 110,000 |
| Grand Forks County North Dakota | 24 | $ 5,980,000 | $ 249,000 | $ 131,000 |
| Ramsey County North Dakota | 24 | $ 5,030,000 | $ 209,000 | $ 107,000 |
| Cerro Gordo County Iowa | 21 | $ 3,675,000 | $ 175,000 | $ 90,000 |
| Cass County North Dakota | 21 | $ 4,405,000 | $ 209,000 | $ 110,000 |
| Isanti County Minnesota | 20 | $ 4,860,000 | $ 243,000 | $ 100,000 |
| Marion County Iowa | 19 | $ 3,985,000 | $ 209,000 | $ 0 |
| Le Sueur County Minnesota | 19 | $ 4,985,000 | $ 262,000 | $ 111,000 |
| Nicollet County Minnesota | 18 | $ 4,310,000 | $ 239,000 | $ 137,000 |
| Meade County South Dakota | 18 | $ 3,390,000 | $ 188,000 | $ 0 |
| Jackson County Wisconsin | 17 | $ 2,625,000 | $ 154,000 | $ 85,000 |
| Monroe County Wisconsin | 17 | $ 3,265,000 | $ 192,000 | $ 140,000 |
| Watonwan County Minnesota | 16 | $ 2,050,000 | $ 128,000 | $ 86,000 |
| Pembina County North Dakota | 16 | $ 1,990,000 | $ 124,000 | $ 101,000 |
| Polk County Iowa | 14 | $ 3,320,000 | $ 237,000 | $ 0 |
| Kandiyohi County Minnesota | 14 | $ 2,830,000 | $ 202,000 | $ 114,000 |
| Aitkin County Minnesota | 13 | $ 2,205,000 | $ 169,000 | $ 88,000 |
| Dunn County Wisconsin | 13 | $ 2,165,000 | $ 166,000 | $ 125,000 |
| Benton County Minnesota | 12 | $ 2,840,000 | $ 236,000 | $ 110,000 |
| Faribault County Minnesota | 11 | $ 1,565,000 | $ 142,000 | $ 124,000 |
| Meeker County Minnesota | 11 | $ 2,325,000 | $ 211,000 | $ 116,000 |
| Steele County Minnesota | 11 | $ 2,155,000 | $ 195,000 | $ 93,000 |
| Burleigh County North Dakota | 11 | $ 2,955,000 | $ 268,000 | $ 108,000 |
| Clay County Minnesota | 10 | $ 1,650,000 | $ 165,000 | $ 96,000 |
| Douglas County Wisconsin | 10 | $ 1,630,000 | $ 163,000 | $ 81,000 |
| Allamakee County Iowa | 9 | $ 1,555,000 | $ 172,000 | $ 74,000 |
| Grant County Minnesota | 9 | $ 1,605,000 | $ 178,000 | $ 97,000 |
| Rock County Minnesota | 9 | $ 1,095,000 | $ 121,000 | $ 54,000 |
| Sibley County Minnesota | 9 | $ 1,675,000 | $ 186,000 | $ 72,000 |
| Wadena County Minnesota | 9 | $ 1,175,000 | $ 130,000 | $ 97,000 |
| Butte County South Dakota | 9 | $ 1,275,000 | $ 141,000 | $ 0 |
| Barron County Wisconsin | 9 | $ 1,045,000 | $ 116,000 | $ 123,000 |
| Maricopa County Arizona | 8 | $ 2,150,000 | $ 268,000 | $ 186,000 |
| Pinal County Arizona | 8 | $ 2,720,000 | $ 340,000 | $ 422,000 |
| Henry County Iowa | 8 | $ 1,550,000 | $ 193,000 | $ 131,000 |
| Worth County Iowa | 8 | $ 640,000 | $ 80,000 | $ 86,000 |
| Freeborn County Minnesota | 8 | $ 1,360,000 | $ 170,000 | $ 88,000 |
| McLeod County Minnesota | 8 | $ 2,140,000 | $ 267,000 | $ 146,000 |
| Todd County Minnesota | 8 | $ 1,490,000 | $ 186,000 | $ 61,000 |
| Polk County Wisconsin | 8 | $ 1,380,000 | $ 172,000 | $ 103,000 |
| Johnson County Iowa | 7 | $ 1,255,000 | $ 179,000 | $ 55,000 |
| Morrison County Minnesota | 7 | $ 1,375,000 | $ 196,000 | $ 117,000 |
| Pine County Minnesota | 7 | $ 1,645,000 | $ 235,000 | $ 115,000 |
| Pipestone County Minnesota | 7 | $ 1,245,000 | $ 177,000 | $ 87,000 |
| Dallas County Iowa | 6 | $ 1,200,000 | $ 200,000 | $ 55,000 |
| Chisago County Minnesota | 6 | $ 1,440,000 | $ 240,000 | $ 128,000 |
| Lincoln County Minnesota | 6 | $ 950,000 | $ 158,000 | $ 83,000 |
| Marshall County Minnesota | 6 | $ 590,000 | $ 98,000 | $ 73,000 |
| Martin County Minnesota | 6 | $ 1,260,000 | $ 210,000 | $ 178,000 |
| Outagamie County Wisconsin | 6 | $ 1,610,000 | $ 268,000 | $ 144,000 |
| Pepin County Wisconsin | 6 | $ 1,200,000 | $ 200,000 | $ 63,000 |
| Rusk County Wisconsin | 6 | $ 850,000 | $ 141,000 | $ 89,000 |
| Lee County Iowa | 5 | $ 1,085,000 | $ 217,000 | $ 133,000 |
| Story County Iowa | 5 | $ 1,205,000 | $ 241,000 | $ 0 |
| Mower County Minnesota | 5 | $ 915,000 | $ 183,000 | $ 97,000 |
| Murray County Minnesota | 5 | $ 795,000 | $ 159,000 | $ 74,000 |
| Gregory County South Dakota | 5 | $ 1,185,000 | $ 237,000 | $ 98,000 |
| Burnett County Wisconsin | 5 | $ 845,000 | $ 169,000 | $ 105,000 |
| Crook County Wyoming | 5 | $ 1,165,000 | $ 233,000 | $ 90,000 |
| Carlton County Minnesota | 4 | $ 990,000 | $ 247,000 | $ 112,000 |
| Itasca County Minnesota | 4 | $ 910,000 | $ 227,000 | $ 118,000 |
| Kanabec County Minnesota | 4 | $ 730,000 | $ 182,000 | $ 105,000 |
| Rolette County North Dakota | 4 | $ 800,000 | $ 200,000 | $ 411,000 |
| Custer County South Dakota | 4 | $ 1,330,000 | $ 332,000 | $ 91,000 |
| Minnehaha County South Dakota | 4 | $ 2,250,000 | $ 562,000 | $ 111,000 |
| Bayfield County Wisconsin | 4 | $ 1,030,000 | $ 257,000 | $ 167,000 |
| Oneida County Wisconsin | 4 | $ 800,000 | $ 200,000 | $ 346,000 |
| Sawyer County Wisconsin | 4 | $ 1,040,000 | $ 260,000 | $ 406,000 |
| Vilas County Wisconsin | 4 | $ 1,150,000 | $ 287,000 | $ 286,000 |
| Collier County Florida | 3 | $ 625,000 | $ 208,000 | $ 154,000 |
| Louisa County Iowa | 3 | $ 495,000 | $ 165,000 | $ 0 |
| Mahaska County Iowa | 3 | $ 615,000 | $ 205,000 | $ 0 |
| Van Buren County Iowa | 3 | $ 715,000 | $ 238,000 | $ 68,000 |
| Winnebago County Iowa | 3 | $ 465,000 | $ 155,000 | $ 79,000 |
| Winneshiek County Iowa | 3 | $ 555,000 | $ 185,000 | $ 68,000 |
| Lake of the Woods County Minnesota | 3 | $ 455,000 | $ 151,000 | $ 60,000 |
| Norman County Minnesota | 3 | $ 365,000 | $ 121,000 | $ 70,000 |
| Pope County Minnesota | 3 | $ 655,000 | $ 218,000 | $ 143,000 |
| Redwood County Minnesota | 3 | $ 265,000 | $ 88,000 | $ 43,000 |
| Yellow Medicine County Minnesota | 3 | $ 825,000 | $ 275,000 | $ 107,000 |
| Oliver County North Dakota | 3 | $ 465,000 | $ 155,000 | $ 82,000 |
| Charles Mix County South Dakota | 3 | $ 715,000 | $ 238,000 | $ 115,000 |
| Tripp County South Dakota | 3 | $ 555,000 | $ 185,000 | $ 102,000 |
| Crawford County Wisconsin | 3 | $ 765,000 | $ 255,000 | $ 103,000 |
| Dane County Wisconsin | 3 | $ 875,000 | $ 291,000 | $ 166,000 |
| Juneau County Wisconsin | 3 | $ 485,000 | $ 161,000 | $ 392,000 |
| Milwaukee County Wisconsin | 3 | $ 405,000 | $ 135,000 | $ 94,000 |
| Washburn County Wisconsin | 3 | $ 715,000 | $ 238,000 | $ 84,000 |
| Mohave County Arizona | 2 | $ 410,000 | $ 205,000 | $ 116,000 |
| Pima County Arizona | 2 | $ 630,000 | $ 315,000 | $ 62,000 |
| Charlotte County Florida | 2 | $ 470,000 | $ 235,000 | $ 160,000 |
| Lee County Florida | 2 | $ 900,000 | $ 450,000 | $ 140,000 |
| Leon County Florida | 2 | $ 550,000 | $ 275,000 | $ 82,000 |
| Kootenai County Idaho | 2 | $ 720,000 | $ 360,000 | $ 264,000 |
| Dickinson County Iowa | 2 | $ 600,000 | $ 300,000 | $ 108,000 |
| Jasper County Iowa | 2 | $ 260,000 | $ 130,000 | $ 37,000 |
| Marshall County Iowa | 2 | $ 530,000 | $ 265,000 | $ 0 |
| Scott County Iowa | 2 | $ 330,000 | $ 165,000 | $ 100,000 |
| Brown County Minnesota | 2 | $ 230,000 | $ 115,000 | $ 88,000 |
| Cook County Minnesota | 2 | $ 290,000 | $ 145,000 | $ 86,000 |
| Cottonwood County Minnesota | 2 | $ 390,000 | $ 195,000 | $ 153,000 |
| Koochiching County Minnesota | 2 | $ 450,000 | $ 225,000 | $ 142,000 |
| Lac qui Parle County Minnesota | 2 | $ 140,000 | $ 70,000 | $ 56,000 |
| Lake County Minnesota | 2 | $ 270,000 | $ 135,000 | $ 142,000 |
| Waseca County Minnesota | 2 | $ 230,000 | $ 115,000 | $ 114,000 |
| Missoula County Montana | 2 | $ 2,140,000 | $ 1,070,000 | $ 0 |
| Douglas County Nebraska | 2 | $ 690,000 | $ 345,000 | $ 140,000 |
| Lancaster County Nebraska | 2 | $ 440,000 | $ 220,000 | $ 85,000 |
| Bottineau County North Dakota | 2 | $ 510,000 | $ 255,000 | $ 105,000 |
| Nelson County North Dakota | 2 | $ 210,000 | $ 105,000 | $ 63,000 |
| Richland County North Dakota | 2 | $ 360,000 | $ 180,000 | $ 52,000 |
| Towner County North Dakota | 2 | $ 150,000 | $ 75,000 | $ 43,000 |
| Brown County Wisconsin | 2 | $ 370,000 | $ 185,000 | $ 88,000 |
| Marathon County Wisconsin | 2 | $ 310,000 | $ 155,000 | $ 105,000 |
| Richland County Wisconsin | 2 | $ 350,000 | $ 175,000 | $ 87,000 |
| Sebastian County Arkansas | 1 | $ 295,000 | $ 295,000 | $ 88,000 |
| Arapahoe County Colorado | 1 | $ 285,000 | $ 285,000 | $ 72,000 |
| El Paso County Colorado | 1 | $ 475,000 | $ 475,000 | $ 150,000 |
| Park County Colorado | 1 | $ 245,000 | $ 245,000 | $ 156,000 |
| Brevard County Florida | 1 | $ 215,000 | $ 215,000 | $ 361,000 |
| Lake County Florida | 1 | $ 495,000 | $ 495,000 | $ 180,000 |
| Manatee County Florida | 1 | $ 365,000 | $ 365,000 | $ 92,000 |
| Monroe County Florida | 1 | $ 455,000 | $ 455,000 | $ 88,000 |
| Orange County Florida | 1 | $ 515,000 | $ 515,000 | $ 120,000 |
| Pinellas County Florida | 1 | $ 515,000 | $ 515,000 | $ 181,000 |
| Sarasota County Florida | 1 | $ 325,000 | $ 325,000 | $ 209,000 |
| St. Johns County Florida | 1 | $ 235,000 | $ 235,000 | $ 92,000 |
| Volusia County Florida | 1 | $ 1,475,000 | $ 1,475,000 | $ 320,000 |
| Lake County Illinois | 1 | $ 195,000 | $ 195,000 | $ 161,000 |
| McHenry County Illinois | 1 | $ 315,000 | $ 315,000 | $ 110,000 |
| Jackson County Indiana | 1 | $ 125,000 | $ 125,000 | $ 62,000 |
| Black Hawk County Iowa | 1 | $ 95,000 | $ 95,000 | $ 74,000 |
| Clay County Iowa | 1 | $ 105,000 | $ 105,000 | $ 44,000 |
| Des Moines County Iowa | 1 | $ 75,000 | $ 75,000 | $ 49,000 |
| Floyd County Iowa | 1 | $ 175,000 | $ 175,000 | $ 129,000 |
| Guthrie County Iowa | 1 | $ 475,000 | $ 475,000 | $ 0 |
| Hancock County Iowa | 1 | $ 175,000 | $ 175,000 | $ 118,000 |
| Keokuk County Iowa | 1 | $ 85,000 | $ 85,000 | $ 0 |
| Linn County Iowa | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Madison County Iowa | 1 | $ 185,000 | $ 185,000 | $ 144,000 |
| Mitchell County Iowa | 1 | $ 135,000 | $ 135,000 | $ 81,000 |
| Poweshiek County Iowa | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Union County Iowa | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Wapello County Iowa | 1 | $ 25,000 | $ 25,000 | $ 21,000 |
| Warren County Iowa | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Woodbury County Iowa | 1 | $ 95,000 | $ 95,000 | $ 0 |
| Beltrami County Minnesota | 1 | $ 175,000 | $ 175,000 | $ 72,000 |
| Big Stone County Minnesota | 1 | $ 105,000 | $ 105,000 | $ 48,000 |
| Jackson County Minnesota | 1 | $ 155,000 | $ 155,000 | $ 219,000 |
| Kittson County Minnesota | 1 | $ 225,000 | $ 225,000 | $ 110,000 |
| Mahnomen County Minnesota | 1 | $ 195,000 | $ 195,000 | $ 156,000 |
| Renville County Minnesota | 1 | $ 75,000 | $ 75,000 | $ 39,000 |
| Roseau County Minnesota | 1 | $ 165,000 | $ 165,000 | $ 74,000 |
| Swift County Minnesota | 1 | $ 125,000 | $ 125,000 | $ 52,000 |
| Traverse County Minnesota | 1 | $ 75,000 | $ 75,000 | $ 62,000 |
| Wilkin County Minnesota | 1 | $ 185,000 | $ 185,000 | $ 153,000 |
| Glacier County Montana | 1 | $ 275,000 | $ 275,000 | $ 75,000 |
| Lewis and Clark County Montana | 1 | $ 245,000 | $ 245,000 | $ 143,000 |
| Cass County Nebraska | 1 | $ 55,000 | $ 55,000 | $ 58,000 |
| Sarpy County Nebraska | 1 | $ 175,000 | $ 175,000 | $ 95,000 |
| Douglas County Nevada | 1 | $ 295,000 | $ 295,000 | $ 325,000 |
| Lyon County Nevada | 1 | $ 435,000 | $ 435,000 | $ 138,000 |
| Hillsborough County New Hampshire | 1 | $ 225,000 | $ 225,000 | $ 56,000 |
| Suffolk County New York | 1 | $ 335,000 | $ 335,000 | $ 312,000 |
| Moore County North Carolina | 1 | $ 325,000 | $ 325,000 | $ 162,000 |
| Cavalier County North Dakota | 1 | $ 225,000 | $ 225,000 | $ 87,000 |
| Dunn County North Dakota | 1 | $ 305,000 | $ 305,000 | $ 143,000 |
| Emmons County North Dakota | 1 | $ 45,000 | $ 45,000 | $ 72,000 |
| Morton County North Dakota | 1 | $ 345,000 | $ 345,000 | $ 198,000 |
| Pierce County North Dakota | 1 | $ 155,000 | $ 155,000 | $ 97,000 |
| Sheridan County North Dakota | 1 | $ 55,000 | $ 55,000 | $ 61,000 |
| Steele County North Dakota | 1 | $ 265,000 | $ 265,000 | $ 171,000 |
| Stutsman County North Dakota | 1 | $ 205,000 | $ 205,000 | $ 110,000 |
| Walsh County North Dakota | 1 | $ 145,000 | $ 145,000 | $ 255,000 |
| Richland County Ohio | 1 | $ 245,000 | $ 245,000 | $ 69,000 |
| Multnomah County Oregon | 1 | $ 405,000 | $ 405,000 | $ 195,000 |
| Brule County South Dakota | 1 | $ 175,000 | $ 175,000 | $ 192,000 |
| Codington County South Dakota | 1 | $ 225,000 | $ 225,000 | $ 89,000 |
| Lincoln County South Dakota | 1 | $ 245,000 | $ 245,000 | $ 98,000 |
| Potter County South Dakota | 1 | $ 195,000 | $ 195,000 | $ 34,000 |
| Yankton County South Dakota | 1 | $ 355,000 | $ 355,000 | $ 159,000 |
| Hidalgo County Texas | 1 | $ 105,000 | $ 105,000 | $ 43,000 |
| Summit County Utah | 1 | $ 595,000 | $ 595,000 | $ 665,000 |
| King County Washington | 1 | $ 295,000 | $ 295,000 | $ 122,000 |
| Pierce County Washington | 1 | $ 735,000 | $ 735,000 | $ 532,000 |
| Calumet County Wisconsin | 1 | $ 265,000 | $ 265,000 | $ 184,000 |
| Clark County Wisconsin | 1 | $ 255,000 | $ 255,000 | $ 93,000 |
| Columbia County Wisconsin | 1 | $ 205,000 | $ 205,000 | $ 110,000 |
| Dodge County Wisconsin | 1 | $ 105,000 | $ 105,000 | $ 49,000 |
| Fond du Lac County Wisconsin | 1 | $ 205,000 | $ 205,000 | $ 84,000 |
| Jefferson County Wisconsin | 1 | $ 95,000 | $ 95,000 | $ 102,000 |
| Lincoln County Wisconsin | 1 | $ 235,000 | $ 235,000 | $ 76,000 |
| Manitowoc County Wisconsin | 1 | $ 105,000 | $ 105,000 | $ 53,000 |
| Portage County Wisconsin | 1 | $ 175,000 | $ 175,000 | $ 76,000 |
| Sheboygan County Wisconsin | 1 | $ 185,000 | $ 185,000 | $ 79,000 |
| Taylor County Wisconsin | 1 | $ 335,000 | $ 335,000 | $ 199,000 |
| Washington County Wisconsin | 1 | $ 255,000 | $ 255,000 | $ 0 |
| Winnebago County Wisconsin | 1 | $ 215,000 | $ 215,000 | $ 67,000 |
| Wood County Wisconsin | 1 | $ 195,000 | $ 195,000 | $ 98,000 |
Mortgage Loan Application Detail Totals for Merchants Bank, National Association in 2020
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 |
|---|---|---|---|---|---|---|
| Refinancing | 2,460 | $506,010,000 | $205,000 | $6,005,000 | $115,000 | $2,300,000 |
| Home Purchase | 1,532 | $379,740,000 | $247,000 | $16,025,000 | $106,000 | $1,154,000 |
| Cash-out Refinancing | 1,314 | $282,680,000 | $215,000 | $515,000 | $112,000 | $1,460,000 |
| Other Purpose | 323 | $19,605,000 | $60,000 | $415,000 | $119,000 | $753,000 |
| Home Improvement | 203 | $10,495,000 | $51,000 | $255,000 | $116,000 | $405,000 |
| 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 | 4,956 | $979,010,000 | $197,000 | $1,525,000 | $111,000 | $2,300,000 |
| Not applicable | 445 | $128,685,000 | $289,000 | $16,025,000 | $0 | $0 |
| Not Provided | 282 | $59,850,000 | $212,000 | $1,505,000 | $139,000 | $1,028,000 |
| Asian | 60 | $11,870,000 | $197,000 | $485,000 | $107,000 | $299,000 |
| Hispanic | 47 | $9,455,000 | $201,000 | $1,125,000 | $101,000 | $312,000 |
| Black or African American | 22 | $4,870,000 | $221,000 | $485,000 | $124,000 | $404,000 |
| American Indian or Alaskan Native | 13 | $3,005,000 | $231,000 | $455,000 | $127,000 | $210,000 |
| 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) | 5,735 | $1,177,675,000 | $205,000 | $16,025,000 | $113,000 | $2,300,000 |
| VA-guaranteed (Veterans Administration) | 41 | $11,095,000 | $270,000 | $455,000 | $93,000 | $301,000 |
| FHA-insured (Federal Housing Administration) | 35 | $6,525,000 | $186,000 | $385,000 | $62,000 | $182,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 21 | $3,235,000 | $154,000 | $265,000 | $51,000 | $94,000 |
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 | 4,791 | $986,655,000 | $205,000 | $16,025,000 | $113,000 | $2,300,000 |
| Application Withdrawn By Applicant | 563 | $120,875,000 | $214,000 | $1,655,000 | $118,000 | $1,028,000 |
| Loan Purchased By The Institution | 255 | $51,605,000 | $202,000 | $515,000 | $0 | $0 |
| Application Denied By Financial Institution | 172 | $29,080,000 | $169,000 | $1,125,000 | $81,000 | $332,000 |
| Application Approved But Not Accepted | 46 | $9,480,000 | $206,000 | $515,000 | $111,000 | $295,000 |
| File Closed For Incompleteness | 5 | $835,000 | $167,000 | $255,000 | $100,000 | $252,000 |
| 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 | 5,660 | $1,169,450,000 | $206,000 | $16,025,000 | $113,000 | $2,300,000 |
| Debt-To-Income Ratio | 68 | $12,020,000 | $176,000 | $685,000 | $73,000 | $264,000 |
| Credit History | 48 | $6,430,000 | $133,000 | $355,000 | $82,000 | $220,000 |
| Collateral | 22 | $4,060,000 | $184,000 | $405,000 | $99,000 | $254,000 |
| Other | 21 | $3,995,000 | $190,000 | $1,125,000 | $97,000 | $332,000 |
| Employment History | 8 | $1,350,000 | $168,000 | $255,000 | $67,000 | $190,000 |
| Unverifiable Information | 3 | $645,000 | $215,000 | $275,000 | $65,000 | $79,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $580,000 | $290,000 | $295,000 | $69,000 | $74,000 |
| 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 2020 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.