Merchants Bank, National Association
HMDA Loan Application Totals
and Mortgage Lending Details
for 2021
Merchants Bank, National Association 2021 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 | 5,058 |
| Total Mortgage Loan Application Amount | $1,069,070,000 |
| Average Mortgage Loan Application Amount | $162,400 |
| Highest Mortgage Loan Application Amount | $13,195,000 |
| Average Applicant Income | $113,000 |
| Highest Applicant Income | $4,291,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2021 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 2021 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 2021.
| 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 | 725 | $ 110,905,000 | $ 152,000 | $ 92,000 |
| La Crosse County Wisconsin | 323 | $ 72,705,000 | $ 225,000 | $ 130,000 |
| Dakota County Minnesota | 307 | $ 71,885,000 | $ 234,000 | $ 121,000 |
| Goodhue County Minnesota | 298 | $ 55,220,000 | $ 185,000 | $ 98,000 |
| Olmsted County Minnesota | 285 | $ 54,575,000 | $ 191,000 | $ 105,000 |
| Otter Tail County Minnesota | 272 | $ 59,180,000 | $ 217,000 | $ 103,000 |
| Houston County Minnesota | 203 | $ 32,455,000 | $ 159,000 | $ 89,000 |
| Hennepin County Minnesota | 165 | $ 40,855,000 | $ 247,000 | $ 155,000 |
| Fillmore County Minnesota | 129 | $ 18,985,000 | $ 147,000 | $ 89,000 |
| Rice County Minnesota | 121 | $ 24,645,000 | $ 203,000 | $ 99,000 |
| Cass County Minnesota | 110 | $ 23,180,000 | $ 210,000 | $ 99,000 |
| Washington County Minnesota | 102 | $ 22,610,000 | $ 221,000 | $ 129,000 |
| Hubbard County Minnesota | 88 | $ 19,000,000 | $ 215,000 | $ 99,000 |
| Eau Claire County Wisconsin | 86 | $ 29,030,000 | $ 337,000 | $ 93,000 |
| Wright County Minnesota | 76 | $ 16,510,000 | $ 217,000 | $ 104,000 |
| Crow Wing County Minnesota | 72 | $ 19,240,000 | $ 267,000 | $ 136,000 |
| Wabasha County Minnesota | 70 | $ 11,300,000 | $ 161,000 | $ 103,000 |
| Ramsey County Minnesota | 52 | $ 13,640,000 | $ 262,000 | $ 105,000 |
| Stearns County Minnesota | 49 | $ 11,515,000 | $ 235,000 | $ 117,000 |
| Buffalo County Wisconsin | 45 | $ 6,155,000 | $ 136,000 | $ 110,000 |
| Becker County Minnesota | 44 | $ 8,120,000 | $ 184,000 | $ 96,000 |
| Scott County Minnesota | 44 | $ 12,150,000 | $ 276,000 | $ 230,000 |
| Washington County Iowa | 42 | $ 6,740,000 | $ 160,000 | $ 91,000 |
| Blue Earth County Minnesota | 41 | $ 7,115,000 | $ 173,000 | $ 95,000 |
| McLean County North Dakota | 41 | $ 7,195,000 | $ 175,000 | $ 91,000 |
| Anoka County Minnesota | 37 | $ 9,495,000 | $ 256,000 | $ 120,000 |
| Dodge County Minnesota | 37 | $ 7,625,000 | $ 206,000 | $ 98,000 |
| Mille Lacs County Minnesota | 36 | $ 6,240,000 | $ 173,000 | $ 73,000 |
| Trempealeau County Wisconsin | 36 | $ 7,870,000 | $ 218,000 | $ 109,000 |
| Mercer County North Dakota | 34 | $ 7,180,000 | $ 211,000 | $ 111,000 |
| Pierce County Wisconsin | 34 | $ 7,170,000 | $ 210,000 | $ 134,000 |
| Douglas County Minnesota | 33 | $ 7,045,000 | $ 213,000 | $ 96,000 |
| Sherburne County Minnesota | 29 | $ 6,515,000 | $ 224,000 | $ 116,000 |
| Vernon County Wisconsin | 29 | $ 4,825,000 | $ 166,000 | $ 103,000 |
| Lyon County Minnesota | 25 | $ 5,585,000 | $ 223,000 | $ 81,000 |
| Cass County North Dakota | 25 | $ 11,615,000 | $ 464,000 | $ 877,000 |
| Lawrence County South Dakota | 24 | $ 6,700,000 | $ 279,000 | $ 288,000 |
| St. Croix County Wisconsin | 24 | $ 10,660,000 | $ 444,000 | $ 169,000 |
| Cerro Gordo County Iowa | 23 | $ 4,255,000 | $ 185,000 | $ 87,000 |
| Monroe County Wisconsin | 23 | $ 4,475,000 | $ 194,000 | $ 158,000 |
| Grand Forks County North Dakota | 22 | $ 5,810,000 | $ 264,000 | $ 132,000 |
| Carver County Minnesota | 21 | $ 6,845,000 | $ 325,000 | $ 165,000 |
| St. Louis County Minnesota | 20 | $ 4,040,000 | $ 202,000 | $ 84,000 |
| Wadena County Minnesota | 19 | $ 2,945,000 | $ 155,000 | $ 82,000 |
| Watonwan County Minnesota | 19 | $ 2,585,000 | $ 136,000 | $ 88,000 |
| Chippewa County Wisconsin | 18 | $ 3,700,000 | $ 205,000 | $ 123,000 |
| Pennington County South Dakota | 16 | $ 2,750,000 | $ 171,000 | $ 139,000 |
| Isanti County Minnesota | 15 | $ 4,285,000 | $ 285,000 | $ 149,000 |
| McLeod County Minnesota | 15 | $ 2,395,000 | $ 159,000 | $ 89,000 |
| Steele County Minnesota | 15 | $ 2,925,000 | $ 195,000 | $ 83,000 |
| Meeker County Minnesota | 14 | $ 3,140,000 | $ 224,000 | $ 85,000 |
| Ramsey County North Dakota | 13 | $ 3,565,000 | $ 274,000 | $ 147,000 |
| Jefferson County Iowa | 12 | $ 1,970,000 | $ 164,000 | $ 152,000 |
| Polk County Iowa | 12 | $ 2,590,000 | $ 215,000 | $ 0 |
| Faribault County Minnesota | 12 | $ 1,830,000 | $ 152,000 | $ 104,000 |
| Freeborn County Minnesota | 12 | $ 2,150,000 | $ 179,000 | $ 78,000 |
| Mower County Minnesota | 12 | $ 16,300,000 | $ 1,358,000 | $ 66,000 |
| Nicollet County Minnesota | 12 | $ 2,910,000 | $ 242,000 | $ 113,000 |
| Maricopa County Arizona | 11 | $ 3,005,000 | $ 273,000 | $ 85,000 |
| Chisago County Minnesota | 11 | $ 6,425,000 | $ 584,000 | $ 101,000 |
| Polk County Minnesota | 11 | $ 2,065,000 | $ 187,000 | $ 120,000 |
| Le Sueur County Minnesota | 10 | $ 2,920,000 | $ 292,000 | $ 99,000 |
| Burleigh County North Dakota | 10 | $ 2,090,000 | $ 209,000 | $ 83,000 |
| Pembina County North Dakota | 10 | $ 1,210,000 | $ 121,000 | $ 90,000 |
| Aitkin County Minnesota | 9 | $ 1,795,000 | $ 199,000 | $ 125,000 |
| Beltrami County Minnesota | 9 | $ 1,505,000 | $ 167,000 | $ 78,000 |
| Kanabec County Minnesota | 9 | $ 1,995,000 | $ 221,000 | $ 97,000 |
| Dickey County North Dakota | 9 | $ 1,545,000 | $ 171,000 | $ 96,000 |
| Dunn County North Dakota | 9 | $ 1,755,000 | $ 195,000 | $ 111,000 |
| Polk County Wisconsin | 9 | $ 2,775,000 | $ 308,000 | $ 114,000 |
| Lee County Florida | 8 | $ 3,400,000 | $ 425,000 | $ 312,000 |
| Allamakee County Iowa | 8 | $ 1,170,000 | $ 146,000 | $ 85,000 |
| Winneshiek County Iowa | 8 | $ 1,930,000 | $ 241,000 | $ 140,000 |
| Benton County Minnesota | 8 | $ 1,750,000 | $ 218,000 | $ 227,000 |
| Grant County Minnesota | 8 | $ 960,000 | $ 120,000 | $ 67,000 |
| Barron County Wisconsin | 8 | $ 4,400,000 | $ 550,000 | $ 100,000 |
| Dunn County Wisconsin | 8 | $ 4,930,000 | $ 616,000 | $ 81,000 |
| Richland County Wisconsin | 8 | $ 1,210,000 | $ 151,000 | $ 77,000 |
| Worth County Iowa | 7 | $ 1,185,000 | $ 169,000 | $ 93,000 |
| Gregory County South Dakota | 7 | $ 1,595,000 | $ 227,000 | $ 120,000 |
| Meade County South Dakota | 7 | $ 1,415,000 | $ 202,000 | $ 0 |
| Tripp County South Dakota | 7 | $ 1,165,000 | $ 166,000 | $ 98,000 |
| Crawford County Wisconsin | 7 | $ 1,505,000 | $ 215,000 | $ 66,000 |
| Sawyer County Wisconsin | 7 | $ 1,755,000 | $ 250,000 | $ 152,000 |
| Henry County Iowa | 6 | $ 960,000 | $ 160,000 | $ 67,000 |
| Carlton County Minnesota | 6 | $ 1,210,000 | $ 201,000 | $ 91,000 |
| Clay County Minnesota | 6 | $ 1,300,000 | $ 216,000 | $ 61,000 |
| Marshall County Minnesota | 6 | $ 700,000 | $ 116,000 | $ 82,000 |
| Pine County Minnesota | 6 | $ 1,010,000 | $ 168,000 | $ 132,000 |
| Sibley County Minnesota | 6 | $ 870,000 | $ 145,000 | $ 62,000 |
| Todd County Minnesota | 6 | $ 1,860,000 | $ 310,000 | $ 175,000 |
| Marathon County Wisconsin | 6 | $ 1,000,000 | $ 166,000 | $ 94,000 |
| Pepin County Wisconsin | 6 | $ 920,000 | $ 153,000 | $ 113,000 |
| Rusk County Wisconsin | 6 | $ 1,170,000 | $ 195,000 | $ 144,000 |
| Pinal County Arizona | 5 | $ 1,395,000 | $ 279,000 | $ 206,000 |
| Itasca County Minnesota | 5 | $ 1,325,000 | $ 265,000 | $ 111,000 |
| Martin County Minnesota | 5 | $ 695,000 | $ 139,000 | $ 72,000 |
| Walsh County North Dakota | 5 | $ 1,045,000 | $ 209,000 | $ 193,000 |
| Butte County South Dakota | 5 | $ 975,000 | $ 195,000 | $ 0 |
| Burnett County Wisconsin | 5 | $ 965,000 | $ 193,000 | $ 119,000 |
| Jackson County Wisconsin | 5 | $ 645,000 | $ 129,000 | $ 78,000 |
| Johnson County Iowa | 4 | $ 1,370,000 | $ 342,000 | $ 0 |
| Marion County Iowa | 4 | $ 1,140,000 | $ 285,000 | $ 102,000 |
| Murray County Minnesota | 4 | $ 630,000 | $ 157,000 | $ 92,000 |
| Pope County Minnesota | 4 | $ 630,000 | $ 157,000 | $ 127,000 |
| Oliver County North Dakota | 4 | $ 880,000 | $ 220,000 | $ 95,000 |
| Bayfield County Wisconsin | 4 | $ 750,000 | $ 187,000 | $ 90,000 |
| Outagamie County Wisconsin | 4 | $ 590,000 | $ 147,000 | $ 100,000 |
| Washburn County Wisconsin | 4 | $ 590,000 | $ 147,000 | $ 95,000 |
| Charlotte County Florida | 3 | $ 965,000 | $ 321,000 | $ 202,000 |
| Collier County Florida | 3 | $ 1,145,000 | $ 381,000 | $ 126,000 |
| Dallas County Iowa | 3 | $ 795,000 | $ 265,000 | $ 126,000 |
| Hancock County Iowa | 3 | $ 255,000 | $ 85,000 | $ 70,000 |
| Lee County Iowa | 3 | $ 605,000 | $ 201,000 | $ 113,000 |
| Louisa County Iowa | 3 | $ 355,000 | $ 118,000 | $ 0 |
| Mitchell County Iowa | 3 | $ 435,000 | $ 145,000 | $ 91,000 |
| Jackson County Minnesota | 3 | $ 785,000 | $ 261,000 | $ 149,000 |
| Kandiyohi County Minnesota | 3 | $ 645,000 | $ 215,000 | $ 140,000 |
| Kittson County Minnesota | 3 | $ 185,000 | $ 61,000 | $ 63,000 |
| Lincoln County Minnesota | 3 | $ 475,000 | $ 158,000 | $ 60,000 |
| Stevens County Minnesota | 3 | $ 345,000 | $ 115,000 | $ 118,000 |
| Waseca County Minnesota | 3 | $ 705,000 | $ 235,000 | $ 64,000 |
| Ransom County North Dakota | 3 | $ 435,000 | $ 145,000 | $ 70,000 |
| Clark County Wisconsin | 3 | $ 6,295,000 | $ 2,098,000 | $ 140,000 |
| Douglas County Wisconsin | 3 | $ 195,000 | $ 65,000 | $ 47,000 |
| Juneau County Wisconsin | 3 | $ 1,505,000 | $ 501,000 | $ 336,000 |
| Milwaukee County Wisconsin | 3 | $ 725,000 | $ 241,000 | $ 102,000 |
| Sauk County Wisconsin | 3 | $ 575,000 | $ 191,000 | $ 160,000 |
| Washington County Wisconsin | 3 | $ 1,055,000 | $ 351,000 | $ 136,000 |
| Pueblo County Colorado | 2 | $ 670,000 | $ 335,000 | $ 138,000 |
| Brevard County Florida | 2 | $ 510,000 | $ 255,000 | $ 84,000 |
| Kootenai County Idaho | 2 | $ 940,000 | $ 470,000 | $ 381,000 |
| Cook County Illinois | 2 | $ 690,000 | $ 345,000 | $ 224,000 |
| Floyd County Iowa | 2 | $ 550,000 | $ 275,000 | $ 77,000 |
| Franklin County Iowa | 2 | $ 230,000 | $ 115,000 | $ 46,000 |
| Keokuk County Iowa | 2 | $ 220,000 | $ 110,000 | $ 0 |
| Marshall County Iowa | 2 | $ 490,000 | $ 245,000 | $ 0 |
| Brown County Minnesota | 2 | $ 550,000 | $ 275,000 | $ 125,000 |
| Lake of the Woods County Minnesota | 2 | $ 280,000 | $ 140,000 | $ 62,000 |
| Morrison County Minnesota | 2 | $ 280,000 | $ 140,000 | $ 112,000 |
| Norman County Minnesota | 2 | $ 280,000 | $ 140,000 | $ 111,000 |
| Pennington County Minnesota | 2 | $ 2,650,000 | $ 1,325,000 | $ 0 |
| Redwood County Minnesota | 2 | $ 510,000 | $ 255,000 | $ 100,000 |
| Roseau County Minnesota | 2 | $ 300,000 | $ 150,000 | $ 118,000 |
| Saunders County Nebraska | 2 | $ 250,000 | $ 125,000 | $ 67,000 |
| Morton County North Dakota | 2 | $ 690,000 | $ 345,000 | $ 169,000 |
| Richland County North Dakota | 2 | $ 460,000 | $ 230,000 | $ 93,000 |
| Traill County North Dakota | 2 | $ 840,000 | $ 420,000 | $ 174,000 |
| Ward County North Dakota | 2 | $ 510,000 | $ 255,000 | $ 113,000 |
| Roberts County South Dakota | 2 | $ 590,000 | $ 295,000 | $ 187,000 |
| Wise County Texas | 2 | $ 1,080,000 | $ 540,000 | $ 154,000 |
| Brown County Wisconsin | 2 | $ 340,000 | $ 170,000 | $ 108,000 |
| Grant County Wisconsin | 2 | $ 230,000 | $ 115,000 | $ 39,000 |
| Mohave County Arizona | 1 | $ 195,000 | $ 195,000 | $ 56,000 |
| Navajo County Arizona | 1 | $ 365,000 | $ 365,000 | $ 515,000 |
| San Bernardino County California | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Adams County Colorado | 1 | $ 175,000 | $ 175,000 | $ 55,000 |
| El Paso County Colorado | 1 | $ 475,000 | $ 475,000 | $ 150,000 |
| Broward County Florida | 1 | $ 505,000 | $ 505,000 | $ 356,000 |
| Escambia County Florida | 1 | $ 185,000 | $ 185,000 | $ 129,000 |
| Hernando County Florida | 1 | $ 175,000 | $ 175,000 | $ 84,000 |
| Lake County Florida | 1 | $ 265,000 | $ 265,000 | $ 120,000 |
| Leon County Florida | 1 | $ 375,000 | $ 375,000 | $ 65,000 |
| Okaloosa County Florida | 1 | $ 425,000 | $ 425,000 | $ 225,000 |
| Orange County Florida | 1 | $ 275,000 | $ 275,000 | $ 296,000 |
| Polk County Florida | 1 | $ 305,000 | $ 305,000 | $ 119,000 |
| Sarasota County Florida | 1 | $ 215,000 | $ 215,000 | $ 250,000 |
| St. Johns County Florida | 1 | $ 295,000 | $ 295,000 | $ 117,000 |
| Will County Illinois | 1 | $ 335,000 | $ 335,000 | $ 0 |
| Des Moines County Iowa | 1 | $ 95,000 | $ 95,000 | $ 101,000 |
| Dickinson County Iowa | 1 | $ 395,000 | $ 395,000 | $ 0 |
| Grundy County Iowa | 1 | $ 255,000 | $ 255,000 | $ 75,000 |
| Hamilton County Iowa | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Jasper County Iowa | 1 | $ 185,000 | $ 185,000 | $ 0 |
| Linn County Iowa | 1 | $ 185,000 | $ 185,000 | $ 47,000 |
| Story County Iowa | 1 | $ 295,000 | $ 295,000 | $ 0 |
| Union County Iowa | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Van Buren County Iowa | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Warren County Iowa | 1 | $ 215,000 | $ 215,000 | $ 0 |
| Johnson County Kansas | 1 | $ 305,000 | $ 305,000 | $ 200,000 |
| Kent County Maryland | 1 | $ 405,000 | $ 405,000 | $ 80,000 |
| Kent County Michigan | 1 | $ 275,000 | $ 275,000 | $ 295,000 |
| Marquette County Michigan | 1 | $ 305,000 | $ 305,000 | $ 93,000 |
| Big Stone County Minnesota | 1 | $ 145,000 | $ 145,000 | $ 84,000 |
| Cook County Minnesota | 1 | $ 305,000 | $ 305,000 | $ 114,000 |
| Cottonwood County Minnesota | 1 | $ 165,000 | $ 165,000 | $ 114,000 |
| Koochiching County Minnesota | 1 | $ 75,000 | $ 75,000 | $ 57,000 |
| Lac qui Parle County Minnesota | 1 | $ 85,000 | $ 85,000 | $ 29,000 |
| Lake County Minnesota | 1 | $ 365,000 | $ 365,000 | $ 78,000 |
| Mahnomen County Minnesota | 1 | $ 85,000 | $ 85,000 | $ 73,000 |
| Nobles County Minnesota | 1 | $ 355,000 | $ 355,000 | $ 180,000 |
| Pipestone County Minnesota | 1 | $ 425,000 | $ 425,000 | $ 131,000 |
| Red Lake County Minnesota | 1 | $ 295,000 | $ 295,000 | $ 142,000 |
| Rock County Minnesota | 1 | $ 145,000 | $ 145,000 | $ 79,000 |
| Swift County Minnesota | 1 | $ 75,000 | $ 75,000 | $ 54,000 |
| Wilkin County Minnesota | 1 | $ 155,000 | $ 155,000 | $ 55,000 |
| Yellow Medicine County Minnesota | 1 | $ 175,000 | $ 175,000 | $ 46,000 |
| Camden County Missouri | 1 | $ 345,000 | $ 345,000 | $ 87,000 |
| Jackson County Missouri | 1 | $ 455,000 | $ 455,000 | $ 160,000 |
| Richland County Montana | 1 | $ 145,000 | $ 145,000 | $ 68,000 |
| Yellowstone County Montana | 1 | $ 335,000 | $ 335,000 | $ 62,000 |
| Cass County Nebraska | 1 | $ 165,000 | $ 165,000 | $ 77,000 |
| Douglas County Nebraska | 1 | $ 475,000 | $ 475,000 | $ 326,000 |
| Nuckolls County Nebraska | 1 | $ 85,000 | $ 85,000 | $ 53,000 |
| Bottineau County North Dakota | 1 | $ 545,000 | $ 545,000 | $ 198,000 |
| Cavalier County North Dakota | 1 | $ 115,000 | $ 115,000 | $ 161,000 |
| Eddy County North Dakota | 1 | $ 165,000 | $ 165,000 | $ 93,000 |
| Griggs County North Dakota | 1 | $ 225,000 | $ 225,000 | $ 77,000 |
| LaMoure County North Dakota | 1 | $ 205,000 | $ 205,000 | $ 74,000 |
| Nelson County North Dakota | 1 | $ 115,000 | $ 115,000 | $ 167,000 |
| Sargent County North Dakota | 1 | $ 65,000 | $ 65,000 | $ 106,000 |
| Stark County North Dakota | 1 | $ 55,000 | $ 55,000 | $ 34,000 |
| Wood County Ohio | 1 | $ 235,000 | $ 235,000 | $ 295,000 |
| Georgetown County South Carolina | 1 | $ 225,000 | $ 225,000 | $ 261,000 |
| Horry County South Carolina | 1 | $ 115,000 | $ 115,000 | $ 249,000 |
| Brookings County South Dakota | 1 | $ 175,000 | $ 175,000 | $ 0 |
| Brule County South Dakota | 1 | $ 115,000 | $ 115,000 | $ 29,000 |
| Charles Mix County South Dakota | 1 | $ 115,000 | $ 115,000 | $ 50,000 |
| Davison County South Dakota | 1 | $ 255,000 | $ 255,000 | $ 92,000 |
| Douglas County South Dakota | 1 | $ 245,000 | $ 245,000 | $ 57,000 |
| Fall River County South Dakota | 1 | $ 245,000 | $ 245,000 | $ 0 |
| Harding County South Dakota | 1 | $ 125,000 | $ 125,000 | $ 0 |
| Lake County South Dakota | 1 | $ 295,000 | $ 295,000 | $ 110,000 |
| Marshall County South Dakota | 1 | $ 135,000 | $ 135,000 | $ 65,000 |
| Adams County Wisconsin | 1 | $ 125,000 | $ 125,000 | $ 101,000 |
| Calumet County Wisconsin | 1 | $ 265,000 | $ 265,000 | $ 154,000 |
| Oneida County Wisconsin | 1 | $ 355,000 | $ 355,000 | $ 441,000 |
| Ozaukee County Wisconsin | 1 | $ 225,000 | $ 225,000 | $ 54,000 |
| Price County Wisconsin | 1 | $ 275,000 | $ 275,000 | $ 118,000 |
| Shawano County Wisconsin | 1 | $ 85,000 | $ 85,000 | $ 46,000 |
| Waukesha County Wisconsin | 1 | $ 355,000 | $ 355,000 | $ 115,000 |
| Waushara County Wisconsin | 1 | $ 105,000 | $ 105,000 | $ 62,000 |
| Wood County Wisconsin | 1 | $ 115,000 | $ 115,000 | $ 27,000 |
| Crook County Wyoming | 1 | $ 425,000 | $ 425,000 | $ 0 |
| Sheridan County Wyoming | 1 | $ 375,000 | $ 375,000 | $ 0 |
Mortgage Loan Application Detail Totals for Merchants Bank, National Association in 2021
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 | 1,666 | $333,980,000 | $200,000 | $7,245,000 | $109,000 | $3,614,000 |
| Home Purchase | 1,649 | $445,425,000 | $270,000 | $13,195,000 | $118,000 | $4,291,000 |
| Cash-out Refinancing | 1,199 | $252,225,000 | $210,000 | $805,000 | $108,000 | $1,531,000 |
| Other Purpose | 341 | $25,865,000 | $75,000 | $505,000 | $123,000 | $709,000 |
| Home Improvement | 203 | $11,575,000 | $57,000 | $1,205,000 | $107,000 | $312,000 |
| 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 | 4,296 | $839,640,000 | $195,000 | $1,905,000 | $107,000 | $3,614,000 |
| Not Provided | 306 | $62,980,000 | $205,000 | $635,000 | $193,000 | $4,291,000 |
| Not applicable | 303 | $136,275,000 | $449,000 | $13,195,000 | $0 | $0 |
| Asian | 58 | $11,310,000 | $195,000 | $555,000 | $100,000 | $540,000 |
| Hispanic | 54 | $10,490,000 | $194,000 | $545,000 | $85,000 | $260,000 |
| Black or African American | 21 | $4,825,000 | $229,000 | $545,000 | $122,000 | $665,000 |
| American Indian or Alaskan Native | 13 | $2,405,000 | $185,000 | $455,000 | $99,000 | $190,000 |
| 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) | 4,963 | $1,049,585,000 | $211,000 | $13,195,000 | $113,000 | $4,291,000 |
| VA-guaranteed (Veterans Administration) | 47 | $10,695,000 | $227,000 | $425,000 | $85,000 | $255,000 |
| FHA-insured (Federal Housing Administration) | 33 | $6,315,000 | $191,000 | $395,000 | $74,000 | $133,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 15 | $2,475,000 | $165,000 | $265,000 | $55,000 | $87,000 |
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 | 4,287 | $906,345,000 | $211,000 | $13,195,000 | $114,000 | $4,291,000 |
| Application Withdrawn By Applicant | 440 | $97,970,000 | $222,000 | $1,905,000 | $107,000 | $958,000 |
| Application Denied By Financial Institution | 157 | $29,455,000 | $187,000 | $705,000 | $87,000 | $622,000 |
| Loan Purchased By The Institution | 139 | $28,405,000 | $204,000 | $545,000 | $0 | $0 |
| Application Approved But Not Accepted | 33 | $6,825,000 | $206,000 | $545,000 | $123,000 | $441,000 |
| File Closed For Incompleteness | 2 | $70,000 | $35,000 | $55,000 | $72,000 | $113,000 |
| 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 | 4,901 | $1,039,615,000 | $212,000 | $13,195,000 | $113,000 | $4,291,000 |
| Debt-To-Income Ratio | 64 | $11,930,000 | $186,000 | $545,000 | $79,000 | $429,000 |
| Credit History | 32 | $4,230,000 | $132,000 | $295,000 | $71,000 | $245,000 |
| Collateral | 29 | $6,915,000 | $238,000 | $705,000 | $103,000 | $275,000 |
| Other | 12 | $2,070,000 | $172,000 | $285,000 | $125,000 | $622,000 |
| Employment History | 9 | $2,425,000 | $269,000 | $625,000 | $78,000 | $156,000 |
| Unverifiable Information | 7 | $1,125,000 | $160,000 | $245,000 | $119,000 | $422,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $760,000 | $190,000 | $315,000 | $72,000 | $133,000 |
| 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 2021 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.