Minnesota Bank & Trust Mortgage Lending & HMDA Data, 2021
In 2021, Minnesota Bank & Trust of Edina, MN reported 69 mortgage applications totaling $33.1 million, up 92% from 2020. The average application was for $479,347, and applicants reported an average income of $363,188. 68% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (61), Pueblo, CO (2) and Fort Worth-Arlington, TX (1) (applications in parentheses).
| Mortgage Company & Address | Minnesota Bank & Trust 7701 France Ave S Suite 110 Edina, MN 55435 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2021 2020 2019 2018 2016 2015 2014 2013 2012 2011 2010 |
| Total Number of Mortgage Applications | 69 |
| Total Mortgage Loan Application Amount | $33,075,000 |
| Average Mortgage Loan Application Amount | $479,347 |
| Highest Mortgage Loan Application Amount | $14,505,000 |
| Average Applicant Income | $363,188 |
| Highest Applicant Income | $1,934,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Minnesota Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Hennepin, Minnesota | 45 | $ 25,605,000 | $ 569,000 | $ 362,000 |
| Dakota, Minnesota | 7 | $ 3,775,000 | $ 539,285 | $ 118,000 |
| Carver, Minnesota | 3 | $ 495,000 | $ 165,000 | $ 248,000 |
| Scott, Minnesota | 3 | $ 445,000 | $ 148,333 | $ 331,000 |
| Pueblo, Colorado | 2 | $ 450,000 | $ 225,000 | $ 0 |
| Anoka, Minnesota | 2 | $ 220,000 | $ 110,000 | $ 53,000 |
| Polk, Wisconsin | 2 | $ 540,000 | $ 270,000 | $ 1,463,000 |
| Riverside, California | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Osceola, Florida | 1 | $ 1,065,000 | $ 1,065,000 | $ 1,225,000 |
| Rice, Minnesota | 1 | $ 25,000 | $ 25,000 | $ 123,000 |
| Wright, Minnesota | 1 | $ 45,000 | $ 45,000 | $ 200,000 |
| Tarrant, Texas | 1 | $ 185,000 | $ 185,000 | $ 310,000 |
Mortgage Loan Application Detail Totals for Minnesota Bank & Trust 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 | 43 | $12,935,000 | $300,000 | $1,205,000 | $387,000 | $1,225,000 |
| Home Improvement | 9 | $1,075,000 | $119,000 | $485,000 | $224,000 | $671,000 |
| Home Purchase | 9 | $17,605,000 | $1,956,000 | $14,505,000 | $155,000 | $310,000 |
| Other Purpose | 8 | $1,460,000 | $182,000 | $325,000 | $626,000 | $1,934,000 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Not Provided | 37 | $10,755,000 | $290,000 | $1,065,000 | $456,000 | $1,934,000 |
| White | 18 | $3,160,000 | $175,000 | $565,000 | $232,000 | $723,000 |
| Not applicable | 12 | $19,020,000 | $1,585,000 | $14,505,000 | $0 | $0 |
| Asian | 2 | $140,000 | $70,000 | $85,000 | $162,000 | $235,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 69 | $33,075,000 | $479,000 | $14,505,000 | $373,000 | $1,934,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 47 | $27,745,000 | $590,000 | $14,505,000 | $348,000 | $1,934,000 |
| Application Denied By Financial Institution | 13 | $2,785,000 | $214,000 | $565,000 | $367,000 | $976,000 |
| Application Withdrawn By Applicant | 7 | $2,245,000 | $320,000 | $1,055,000 | $581,000 | $976,000 |
| Application Approved But Not Accepted | 2 | $300,000 | $150,000 | $185,000 | $310,000 | $310,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 56 | $30,290,000 | $540,000 | $14,505,000 | $375,000 | $1,934,000 |
| Unverifiable Information | 4 | $890,000 | $222,000 | $405,000 | $397,000 | $976,000 |
| Debt-To-Income Ratio | 3 | $945,000 | $315,000 | $565,000 | $28,000 | $34,000 |
| Collateral | 2 | $330,000 | $165,000 | $245,000 | $545,000 | $976,000 |
| Credit Application Incomplete | 2 | $350,000 | $175,000 | $245,000 | $552,000 | $864,000 |
| Credit History | 2 | $270,000 | $135,000 | $225,000 | $200,000 | $200,000 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Minnesota Bank & Trust'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 Minnesota Bank & Trust'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.
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