Merchants Bank, National Association
HMDA Loan Application Totals
and Mortgage Lending Details
for 2022
Merchants Bank, National Association 2022 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 | 2,606 |
| Total Mortgage Loan Application Amount | $744,290,000 |
| Average Mortgage Loan Application Amount | $202,600 |
| Highest Mortgage Loan Application Amount | $20,005,000 |
| Average Applicant Income | $118,800 |
| Highest Applicant Income | $3,842,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2022 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 2022 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 2022.
| 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 | 542 | $ 80,710,000 | $ 148,000 | $ 95,000 |
| Dakota County Minnesota | 214 | $ 61,900,000 | $ 289,000 | $ 131,000 |
| Goodhue County Minnesota | 177 | $ 49,955,000 | $ 282,000 | $ 101,000 |
| Olmsted County Minnesota | 159 | $ 32,375,000 | $ 203,000 | $ 122,000 |
| La Crosse County Wisconsin | 159 | $ 43,255,000 | $ 272,000 | $ 155,000 |
| Fillmore County Minnesota | 107 | $ 18,255,000 | $ 170,000 | $ 90,000 |
| Houston County Minnesota | 107 | $ 15,495,000 | $ 144,000 | $ 100,000 |
| Hennepin County Minnesota | 105 | $ 72,905,000 | $ 694,000 | $ 187,000 |
| Washington County Minnesota | 67 | $ 12,745,000 | $ 190,000 | $ 159,000 |
| Rice County Minnesota | 66 | $ 30,900,000 | $ 468,000 | $ 109,000 |
| Eau Claire County Wisconsin | 49 | $ 29,545,000 | $ 602,000 | $ 133,000 |
| Ramsey County Minnesota | 41 | $ 17,975,000 | $ 438,000 | $ 196,000 |
| Otter Tail County Minnesota | 38 | $ 12,430,000 | $ 327,000 | $ 121,000 |
| Buffalo County Wisconsin | 38 | $ 5,140,000 | $ 135,000 | $ 76,000 |
| Hubbard County Minnesota | 34 | $ 7,590,000 | $ 223,000 | $ 100,000 |
| Trempealeau County Wisconsin | 32 | $ 9,320,000 | $ 291,000 | $ 127,000 |
| Scott County Minnesota | 30 | $ 7,050,000 | $ 235,000 | $ 181,000 |
| Cass County Minnesota | 29 | $ 6,225,000 | $ 214,000 | $ 92,000 |
| Wabasha County Minnesota | 23 | $ 4,075,000 | $ 177,000 | $ 89,000 |
| Anoka County Minnesota | 20 | $ 5,040,000 | $ 252,000 | $ 138,000 |
| Wright County Minnesota | 20 | $ 4,890,000 | $ 244,000 | $ 107,000 |
| Chippewa County Wisconsin | 18 | $ 4,030,000 | $ 223,000 | $ 113,000 |
| St. Croix County Wisconsin | 18 | $ 17,580,000 | $ 976,000 | $ 176,000 |
| Dodge County Minnesota | 16 | $ 3,560,000 | $ 222,000 | $ 127,000 |
| Sherburne County Minnesota | 16 | $ 3,970,000 | $ 248,000 | $ 119,000 |
| Mille Lacs County Minnesota | 14 | $ 3,510,000 | $ 250,000 | $ 105,000 |
| Blue Earth County Minnesota | 13 | $ 2,805,000 | $ 215,000 | $ 124,000 |
| Crow Wing County Minnesota | 13 | $ 4,195,000 | $ 322,000 | $ 141,000 |
| Pierce County Wisconsin | 13 | $ 3,105,000 | $ 238,000 | $ 119,000 |
| Vernon County Wisconsin | 12 | $ 2,770,000 | $ 230,000 | $ 123,000 |
| Lyon County Minnesota | 11 | $ 1,565,000 | $ 142,000 | $ 67,000 |
| Nicollet County Minnesota | 11 | $ 13,265,000 | $ 1,205,000 | $ 122,000 |
| Watonwan County Minnesota | 11 | $ 1,665,000 | $ 151,000 | $ 78,000 |
| McLean County North Dakota | 11 | $ 1,765,000 | $ 160,000 | $ 66,000 |
| Mercer County North Dakota | 11 | $ 2,205,000 | $ 200,000 | $ 86,000 |
| Monroe County Wisconsin | 11 | $ 2,235,000 | $ 203,000 | $ 110,000 |
| Carver County Minnesota | 10 | $ 33,070,000 | $ 3,307,000 | $ 164,000 |
| Becker County Minnesota | 9 | $ 2,545,000 | $ 282,000 | $ 129,000 |
| Douglas County Minnesota | 9 | $ 2,695,000 | $ 299,000 | $ 87,000 |
| St. Louis County Minnesota | 9 | $ 2,155,000 | $ 239,000 | $ 298,000 |
| Steele County Minnesota | 9 | $ 1,645,000 | $ 182,000 | $ 124,000 |
| Grand Forks County North Dakota | 8 | $ 2,270,000 | $ 283,000 | $ 173,000 |
| Lee County Florida | 7 | $ 4,045,000 | $ 577,000 | $ 262,000 |
| Isanti County Minnesota | 7 | $ 2,895,000 | $ 413,000 | $ 129,000 |
| Cass County North Dakota | 7 | $ 1,925,000 | $ 275,000 | $ 171,000 |
| Pembina County North Dakota | 7 | $ 1,495,000 | $ 213,000 | $ 141,000 |
| Ransom County North Dakota | 7 | $ 1,045,000 | $ 149,000 | $ 99,000 |
| Washington County Iowa | 6 | $ 1,630,000 | $ 271,000 | $ 0 |
| Aitkin County Minnesota | 6 | $ 980,000 | $ 163,000 | $ 102,000 |
| Mower County Minnesota | 6 | $ 1,450,000 | $ 241,000 | $ 169,000 |
| Tripp County South Dakota | 6 | $ 1,280,000 | $ 213,000 | $ 142,000 |
| Polk County Wisconsin | 6 | $ 1,030,000 | $ 171,000 | $ 111,000 |
| Freeborn County Minnesota | 5 | $ 635,000 | $ 127,000 | $ 85,000 |
| Kittson County Minnesota | 5 | $ 675,000 | $ 135,000 | $ 189,000 |
| Walsh County North Dakota | 5 | $ 865,000 | $ 173,000 | $ 93,000 |
| Gregory County South Dakota | 5 | $ 845,000 | $ 169,000 | $ 58,000 |
| Douglas County Wisconsin | 5 | $ 765,000 | $ 153,000 | $ 76,000 |
| Benton County Minnesota | 4 | $ 1,230,000 | $ 307,000 | $ 88,000 |
| Itasca County Minnesota | 4 | $ 770,000 | $ 192,000 | $ 98,000 |
| Kanabec County Minnesota | 4 | $ 1,160,000 | $ 290,000 | $ 101,000 |
| Kandiyohi County Minnesota | 4 | $ 800,000 | $ 200,000 | $ 88,000 |
| Le Sueur County Minnesota | 4 | $ 950,000 | $ 237,000 | $ 121,000 |
| Sibley County Minnesota | 4 | $ 720,000 | $ 180,000 | $ 83,000 |
| Todd County Minnesota | 4 | $ 1,100,000 | $ 275,000 | $ 70,000 |
| Waseca County Minnesota | 4 | $ 1,500,000 | $ 375,000 | $ 128,000 |
| Clark County Nevada | 4 | $ 1,570,000 | $ 392,000 | $ 102,000 |
| Pennington County South Dakota | 4 | $ 1,540,000 | $ 385,000 | $ 0 |
| Jackson County Wisconsin | 4 | $ 560,000 | $ 140,000 | $ 63,000 |
| Pepin County Wisconsin | 4 | $ 820,000 | $ 205,000 | $ 102,000 |
| Allamakee County Iowa | 3 | $ 225,000 | $ 75,000 | $ 87,000 |
| Cerro Gordo County Iowa | 3 | $ 425,000 | $ 141,000 | $ 79,000 |
| Brown County Minnesota | 3 | $ 265,000 | $ 88,000 | $ 57,000 |
| Chisago County Minnesota | 3 | $ 1,025,000 | $ 341,000 | $ 105,000 |
| Faribault County Minnesota | 3 | $ 245,000 | $ 81,000 | $ 31,000 |
| Martin County Minnesota | 3 | $ 215,000 | $ 71,000 | $ 100,000 |
| Morrison County Minnesota | 3 | $ 895,000 | $ 298,000 | $ 80,000 |
| Stearns County Minnesota | 3 | $ 755,000 | $ 251,000 | $ 73,000 |
| Lancaster County Nebraska | 3 | $ 695,000 | $ 231,000 | $ 104,000 |
| LaMoure County North Dakota | 3 | $ 475,000 | $ 158,000 | $ 107,000 |
| Stark County North Dakota | 3 | $ 2,745,000 | $ 915,000 | $ 258,000 |
| Barron County Wisconsin | 3 | $ 865,000 | $ 288,000 | $ 166,000 |
| Dane County Wisconsin | 3 | $ 24,725,000 | $ 8,241,000 | $ 350,000 |
| Dunn County Wisconsin | 3 | $ 725,000 | $ 241,000 | $ 82,000 |
| Sawyer County Wisconsin | 3 | $ 745,000 | $ 248,000 | $ 122,000 |
| Maricopa County Arizona | 2 | $ 890,000 | $ 445,000 | $ 196,000 |
| Collier County Florida | 2 | $ 2,880,000 | $ 1,440,000 | $ 0 |
| Polk County Florida | 2 | $ 400,000 | $ 200,000 | $ 118,000 |
| Hancock County Iowa | 2 | $ 150,000 | $ 75,000 | $ 69,000 |
| Polk County Iowa | 2 | $ 590,000 | $ 295,000 | $ 120,000 |
| Carlton County Minnesota | 2 | $ 2,280,000 | $ 1,140,000 | $ 105,000 |
| Cook County Minnesota | 2 | $ 320,000 | $ 160,000 | $ 328,000 |
| Lake County Minnesota | 2 | $ 350,000 | $ 175,000 | $ 127,000 |
| Marshall County Minnesota | 2 | $ 370,000 | $ 185,000 | $ 181,000 |
| McLeod County Minnesota | 2 | $ 450,000 | $ 225,000 | $ 157,000 |
| Meeker County Minnesota | 2 | $ 310,000 | $ 155,000 | $ 136,000 |
| Murray County Minnesota | 2 | $ 530,000 | $ 265,000 | $ 82,000 |
| Nobles County Minnesota | 2 | $ 140,000 | $ 70,000 | $ 36,000 |
| Pine County Minnesota | 2 | $ 410,000 | $ 205,000 | $ 79,000 |
| Polk County Minnesota | 2 | $ 320,000 | $ 160,000 | $ 50,000 |
| Wadena County Minnesota | 2 | $ 280,000 | $ 140,000 | $ 155,000 |
| Yellow Medicine County Minnesota | 2 | $ 280,000 | $ 140,000 | $ 70,000 |
| Burleigh County North Dakota | 2 | $ 410,000 | $ 205,000 | $ 110,000 |
| Lawrence County South Dakota | 2 | $ 530,000 | $ 265,000 | $ 0 |
| Meade County South Dakota | 2 | $ 480,000 | $ 240,000 | $ 0 |
| Wise County Texas | 2 | $ 210,000 | $ 105,000 | $ 210,000 |
| Milwaukee County Wisconsin | 2 | $ 320,000 | $ 160,000 | $ 79,000 |
| Rock County Wisconsin | 2 | $ 660,000 | $ 330,000 | $ 94,000 |
| Crook County Wyoming | 2 | $ 520,000 | $ 260,000 | $ 0 |
| Pinal County Arizona | 1 | $ 645,000 | $ 645,000 | $ 175,000 |
| Yavapai County Arizona | 1 | $ 275,000 | $ 275,000 | $ 0 |
| Adams County Colorado | 1 | $ 85,000 | $ 85,000 | $ 106,000 |
| Saguache County Colorado | 1 | $ 325,000 | $ 325,000 | $ 107,000 |
| Sarasota County Florida | 1 | $ 315,000 | $ 315,000 | $ 68,000 |
| Volusia County Florida | 1 | $ 135,000 | $ 135,000 | $ 50,000 |
| Chatham County Georgia | 1 | $ 805,000 | $ 805,000 | $ 382,000 |
| Rock Island County Illinois | 1 | $ 95,000 | $ 95,000 | $ 73,000 |
| Will County Illinois | 1 | $ 375,000 | $ 375,000 | $ 173,000 |
| Clayton County Iowa | 1 | $ 25,000 | $ 25,000 | $ 62,000 |
| Dubuque County Iowa | 1 | $ 265,000 | $ 265,000 | $ 0 |
| Henry County Iowa | 1 | $ 195,000 | $ 195,000 | $ 110,000 |
| Jefferson County Iowa | 1 | $ 255,000 | $ 255,000 | $ 0 |
| Lee County Iowa | 1 | $ 95,000 | $ 95,000 | $ 77,000 |
| Linn County Iowa | 1 | $ 305,000 | $ 305,000 | $ 86,000 |
| Scott County Iowa | 1 | $ 155,000 | $ 155,000 | $ 165,000 |
| Story County Iowa | 1 | $ 345,000 | $ 345,000 | $ 0 |
| Wapello County Iowa | 1 | $ 225,000 | $ 225,000 | $ 73,000 |
| Ontonagon County Michigan | 1 | $ 75,000 | $ 75,000 | $ 354,000 |
| Beltrami County Minnesota | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Chippewa County Minnesota | 1 | $ 335,000 | $ 335,000 | $ 274,000 |
| Clay County Minnesota | 1 | $ 255,000 | $ 255,000 | $ 89,000 |
| Cottonwood County Minnesota | 1 | $ 65,000 | $ 65,000 | $ 46,000 |
| Jackson County Minnesota | 1 | $ 385,000 | $ 385,000 | $ 222,000 |
| Koochiching County Minnesota | 1 | $ 145,000 | $ 145,000 | $ 161,000 |
| Lincoln County Minnesota | 1 | $ 405,000 | $ 405,000 | $ 156,000 |
| Norman County Minnesota | 1 | $ 135,000 | $ 135,000 | $ 40,000 |
| Pennington County Minnesota | 1 | $ 285,000 | $ 285,000 | $ 60,000 |
| Pope County Minnesota | 1 | $ 305,000 | $ 305,000 | $ 187,000 |
| Redwood County Minnesota | 1 | $ 365,000 | $ 365,000 | $ 146,000 |
| Rock County Minnesota | 1 | $ 175,000 | $ 175,000 | $ 109,000 |
| Roseau County Minnesota | 1 | $ 175,000 | $ 175,000 | $ 149,000 |
| Gallatin County Montana | 1 | $ 3,355,000 | $ 3,355,000 | $ 3,842,000 |
| Cass County Nebraska | 1 | $ 215,000 | $ 215,000 | $ 130,000 |
| Sarpy County Nebraska | 1 | $ 155,000 | $ 155,000 | $ 88,000 |
| Otero County New Mexico | 1 | $ 205,000 | $ 205,000 | $ 85,000 |
| Bottineau County North Dakota | 1 | $ 215,000 | $ 215,000 | $ 168,000 |
| Dickey County North Dakota | 1 | $ 605,000 | $ 605,000 | $ 253,000 |
| McIntosh County North Dakota | 1 | $ 175,000 | $ 175,000 | $ 142,000 |
| Oliver County North Dakota | 1 | $ 105,000 | $ 105,000 | $ 76,000 |
| Richland County North Dakota | 1 | $ 645,000 | $ 645,000 | $ 266,000 |
| Sargent County North Dakota | 1 | $ 135,000 | $ 135,000 | $ 110,000 |
| Sheridan County North Dakota | 1 | $ 225,000 | $ 225,000 | $ 92,000 |
| Oklahoma County Oklahoma | 1 | $ 355,000 | $ 355,000 | $ 0 |
| Multnomah County Oregon | 1 | $ 475,000 | $ 475,000 | $ 221,000 |
| York County South Carolina | 1 | $ 355,000 | $ 355,000 | $ 126,000 |
| Butte County South Dakota | 1 | $ 175,000 | $ 175,000 | $ 0 |
| Charles Mix County South Dakota | 1 | $ 195,000 | $ 195,000 | $ 44,000 |
| Custer County South Dakota | 1 | $ 275,000 | $ 275,000 | $ 0 |
| Harding County South Dakota | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Hughes County South Dakota | 1 | $ 315,000 | $ 315,000 | $ 168,000 |
| Roberts County South Dakota | 1 | $ 285,000 | $ 285,000 | $ 104,000 |
| Collin County Texas | 1 | $ 565,000 | $ 565,000 | $ 299,000 |
| Adams County Wisconsin | 1 | $ 265,000 | $ 265,000 | $ 0 |
| Crawford County Wisconsin | 1 | $ 155,000 | $ 155,000 | $ 51,000 |
| Dodge County Wisconsin | 1 | $ 285,000 | $ 285,000 | $ 126,000 |
| Fond du Lac County Wisconsin | 1 | $ 75,000 | $ 75,000 | $ 83,000 |
| Juneau County Wisconsin | 1 | $ 105,000 | $ 105,000 | $ 116,000 |
| Price County Wisconsin | 1 | $ 45,000 | $ 45,000 | $ 173,000 |
| Racine County Wisconsin | 1 | $ 305,000 | $ 305,000 | $ 98,000 |
| Richland County Wisconsin | 1 | $ 155,000 | $ 155,000 | $ 64,000 |
| Rusk County Wisconsin | 1 | $ 125,000 | $ 125,000 | $ 138,000 |
| Taylor County Wisconsin | 1 | $ 1,115,000 | $ 1,115,000 | $ 0 |
| Washburn County Wisconsin | 1 | $ 275,000 | $ 275,000 | $ 0 |
| Fremont County Wyoming | 1 | $ 235,000 | $ 235,000 | $ 106,000 |
Mortgage Loan Application Detail Totals for Merchants Bank, National Association in 2022
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 | 1,151 | $507,125,000 | $440,000 | $20,005,000 | $121,000 | $3,842,000 |
| Refinancing | 596 | $130,060,000 | $218,000 | $5,075,000 | $114,000 | $1,400,000 |
| Cash-out Refinancing | 319 | $69,645,000 | $218,000 | $715,000 | $110,000 | $761,000 |
| Other Purpose | 292 | $22,050,000 | $75,000 | $605,000 | $119,000 | $505,000 |
| Home Improvement | 248 | $15,410,000 | $62,000 | $555,000 | $130,000 | $984,000 |
| 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 | 2,188 | $421,120,000 | $192,000 | $3,355,000 | $116,000 | $3,842,000 |
| Not applicable | 219 | $281,925,000 | $1,287,000 | $20,005,000 | $0 | $0 |
| Not Provided | 135 | $27,145,000 | $201,000 | $665,000 | $157,000 | $1,400,000 |
| Hispanic | 31 | $8,045,000 | $259,000 | $715,000 | $107,000 | $312,000 |
| Asian | 14 | $3,170,000 | $226,000 | $425,000 | $169,000 | $546,000 |
| Black or African American | 10 | $940,000 | $94,000 | $245,000 | $78,000 | $222,000 |
| American Indian or Alaskan Native | 5 | $1,175,000 | $235,000 | $385,000 | $121,000 | $222,000 |
| 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) | 2,560 | $733,310,000 | $286,000 | $20,005,000 | $120,000 | $3,842,000 |
| FHA-insured (Federal Housing Administration) | 19 | $4,275,000 | $225,000 | $395,000 | $76,000 | $181,000 |
| VA-guaranteed (Veterans Administration) | 19 | $5,345,000 | $281,000 | $505,000 | $84,000 | $184,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 8 | $1,360,000 | $170,000 | $335,000 | $67,000 | $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 | 2,248 | $659,570,000 | $293,000 | $20,005,000 | $120,000 | $3,842,000 |
| Application Withdrawn By Applicant | 264 | $65,340,000 | $247,000 | $2,005,000 | $114,000 | $659,000 |
| Application Denied By Financial Institution | 55 | $10,385,000 | $188,000 | $2,565,000 | $68,000 | $233,000 |
| Loan Purchased By The Institution | 23 | $6,585,000 | $286,000 | $615,000 | $0 | $0 |
| Application Approved But Not Accepted | 14 | $2,040,000 | $145,000 | $315,000 | $176,000 | $675,000 |
| File Closed For Incompleteness | 2 | $370,000 | $185,000 | $195,000 | $105,000 | $121,000 |
| 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 | 2,551 | $733,905,000 | $287,000 | $20,005,000 | $120,000 | $3,842,000 |
| Debt-To-Income Ratio | 29 | $6,685,000 | $230,000 | $2,565,000 | $65,000 | $233,000 |
| Credit History | 12 | $1,090,000 | $90,000 | $255,000 | $66,000 | $114,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $540,000 | $135,000 | $165,000 | $44,000 | $52,000 |
| Employment History | 3 | $295,000 | $98,000 | $165,000 | $49,000 | $51,000 |
| Collateral | 3 | $965,000 | $321,000 | $605,000 | $109,000 | $190,000 |
| Other | 2 | $170,000 | $85,000 | $125,000 | $84,000 | $121,000 |
| Unverifiable Information | 2 | $640,000 | $320,000 | $355,000 | $104,000 | $144,000 |
| 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 2022 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.