Minnwest Bank
HMDA Loan Application Totals
and Mortgage Lending Details
for 2022
Minnwest Bank 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 | Minnwest Bank 300 S Washington Redwood Falls, MN 56283 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 | 506 |
| Total Mortgage Loan Application Amount | $265,160,000 |
| Average Mortgage Loan Application Amount | $293,800 |
| Highest Mortgage Loan Application Amount | $28,005,000 |
| Average Applicant Income | $138,200 |
| Highest Applicant Income | $2,781,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2022 with Minnwest Bank. 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 Minnwest Bank's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2022 breaks down Minnwest Bank'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 Minnwest Bank serves its applicants.
Each category highlights the total number of mortgage applications processed by Minnwest Bank, 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 Minnwest Bank'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 |
|---|---|---|---|---|
| Waseca County Minnesota | 40 | $ 6,600,000 | $ 165,000 | $ 85,000 |
| Scott County Minnesota | 37 | $ 14,085,000 | $ 380,000 | $ 173,000 |
| Lyon County Minnesota | 32 | $ 5,750,000 | $ 179,000 | $ 131,000 |
| Dakota County Minnesota | 29 | $ 20,405,000 | $ 703,000 | $ 162,000 |
| Hennepin County Minnesota | 29 | $ 34,285,000 | $ 1,182,000 | $ 192,000 |
| Redwood County Minnesota | 27 | $ 4,445,000 | $ 164,000 | $ 75,000 |
| Le Sueur County Minnesota | 22 | $ 4,880,000 | $ 221,000 | $ 111,000 |
| Rock County Minnesota | 21 | $ 2,515,000 | $ 119,000 | $ 83,000 |
| Winona County Minnesota | 18 | $ 2,860,000 | $ 158,000 | $ 112,000 |
| Minnehaha County South Dakota | 14 | $ 10,630,000 | $ 759,000 | $ 114,000 |
| Murray County Minnesota | 13 | $ 3,545,000 | $ 272,000 | $ 133,000 |
| Chippewa County Minnesota | 11 | $ 985,000 | $ 89,000 | $ 83,000 |
| Olmsted County Minnesota | 10 | $ 30,280,000 | $ 3,028,000 | $ 138,000 |
| Washington County Minnesota | 9 | $ 4,425,000 | $ 491,000 | $ 342,000 |
| Big Stone County Minnesota | 8 | $ 1,160,000 | $ 145,000 | $ 122,000 |
| Fillmore County Minnesota | 8 | $ 1,050,000 | $ 131,000 | $ 97,000 |
| Lac qui Parle County Minnesota | 8 | $ 1,820,000 | $ 227,000 | $ 130,000 |
| Steele County Minnesota | 7 | $ 1,255,000 | $ 179,000 | $ 80,000 |
| Roberts County South Dakota | 7 | $ 1,035,000 | $ 147,000 | $ 77,000 |
| Carver County Minnesota | 6 | $ 1,980,000 | $ 330,000 | $ 152,000 |
| Rice County Minnesota | 6 | $ 3,380,000 | $ 563,000 | $ 311,000 |
| Wright County Minnesota | 6 | $ 2,740,000 | $ 456,000 | $ 751,000 |
| Yellow Medicine County Minnesota | 6 | $ 1,030,000 | $ 171,000 | $ 125,000 |
| Lincoln County South Dakota | 6 | $ 22,850,000 | $ 3,808,000 | $ 140,000 |
| Anoka County Minnesota | 5 | $ 1,795,000 | $ 359,000 | $ 98,000 |
| Freeborn County Minnesota | 5 | $ 895,000 | $ 179,000 | $ 95,000 |
| Ramsey County Minnesota | 5 | $ 1,285,000 | $ 257,000 | $ 764,000 |
| Stearns County Minnesota | 5 | $ 1,235,000 | $ 247,000 | $ 84,000 |
| Maricopa County Arizona | 4 | $ 1,010,000 | $ 252,000 | $ 121,000 |
| Brown County South Dakota | 4 | $ 21,930,000 | $ 5,482,000 | $ 0 |
| Grant County South Dakota | 4 | $ 1,010,000 | $ 252,000 | $ 73,000 |
| Aitkin County Minnesota | 3 | $ 915,000 | $ 305,000 | $ 180,000 |
| Brown County Minnesota | 3 | $ 765,000 | $ 255,000 | $ 96,000 |
| Crow Wing County Minnesota | 3 | $ 575,000 | $ 191,000 | $ 65,000 |
| Dodge County Minnesota | 3 | $ 775,000 | $ 258,000 | $ 125,000 |
| Lincoln County Minnesota | 3 | $ 415,000 | $ 138,000 | $ 123,000 |
| McLeod County Minnesota | 3 | $ 775,000 | $ 258,000 | $ 88,000 |
| Nicollet County Minnesota | 3 | $ 2,525,000 | $ 841,000 | $ 105,000 |
| Sherburne County Minnesota | 3 | $ 20,585,000 | $ 6,861,000 | $ 0 |
| Sibley County Minnesota | 3 | $ 435,000 | $ 145,000 | $ 64,000 |
| Escambia County Florida | 2 | $ 700,000 | $ 350,000 | $ 698,000 |
| Lee County Florida | 2 | $ 4,360,000 | $ 2,180,000 | $ 94,000 |
| Linn County Iowa | 2 | $ 660,000 | $ 330,000 | $ 0 |
| Benton County Minnesota | 2 | $ 1,130,000 | $ 565,000 | $ 368,000 |
| Blue Earth County Minnesota | 2 | $ 370,000 | $ 185,000 | $ 58,000 |
| Cass County Minnesota | 2 | $ 330,000 | $ 165,000 | $ 100,000 |
| Kandiyohi County Minnesota | 2 | $ 730,000 | $ 365,000 | $ 81,000 |
| Otter Tail County Minnesota | 2 | $ 500,000 | $ 250,000 | $ 274,000 |
| Renville County Minnesota | 2 | $ 250,000 | $ 125,000 | $ 54,000 |
| Roseau County Minnesota | 2 | $ 680,000 | $ 340,000 | $ 160,000 |
| St. Louis County Minnesota | 2 | $ 780,000 | $ 390,000 | $ 539,000 |
| Swift County Minnesota | 2 | $ 510,000 | $ 255,000 | $ 87,000 |
| Wabasha County Minnesota | 2 | $ 570,000 | $ 285,000 | $ 45,000 |
| Codington County South Dakota | 2 | $ 250,000 | $ 125,000 | $ 16,000 |
| Deuel County South Dakota | 2 | $ 190,000 | $ 95,000 | $ 56,000 |
| Chippewa County Wisconsin | 2 | $ 280,000 | $ 140,000 | $ 0 |
| La Crosse County Wisconsin | 2 | $ 280,000 | $ 140,000 | $ 254,000 |
| Trempealeau County Wisconsin | 2 | $ 550,000 | $ 275,000 | $ 0 |
| Grand County Colorado | 1 | $ 315,000 | $ 315,000 | $ 185,000 |
| District of Columbia County District Of Columbia | 1 | $ 645,000 | $ 645,000 | $ 329,000 |
| Brevard County Florida | 1 | $ 165,000 | $ 165,000 | $ 101,000 |
| Collier County Florida | 1 | $ 255,000 | $ 255,000 | $ 581,000 |
| Palm Beach County Florida | 1 | $ 235,000 | $ 235,000 | $ 69,000 |
| Sarasota County Florida | 1 | $ 265,000 | $ 265,000 | $ 75,000 |
| Cook County Illinois | 1 | $ 215,000 | $ 215,000 | $ 163,000 |
| Lyon County Iowa | 1 | $ 105,000 | $ 105,000 | $ 30,000 |
| Becker County Minnesota | 1 | $ 225,000 | $ 225,000 | $ 171,000 |
| Carlton County Minnesota | 1 | $ 2,395,000 | $ 2,395,000 | $ 0 |
| Cook County Minnesota | 1 | $ 405,000 | $ 405,000 | $ 0 |
| Cottonwood County Minnesota | 1 | $ 145,000 | $ 145,000 | $ 135,000 |
| Douglas County Minnesota | 1 | $ 185,000 | $ 185,000 | $ 67,000 |
| Martin County Minnesota | 1 | $ 585,000 | $ 585,000 | $ 200,000 |
| Nobles County Minnesota | 1 | $ 145,000 | $ 145,000 | $ 74,000 |
| Pipestone County Minnesota | 1 | $ 145,000 | $ 145,000 | $ 68,000 |
| Todd County Minnesota | 1 | $ 105,000 | $ 105,000 | $ 238,000 |
| Traverse County Minnesota | 1 | $ 335,000 | $ 335,000 | $ 134,000 |
| Cass County North Dakota | 1 | $ 235,000 | $ 235,000 | $ 106,000 |
| Brookings County South Dakota | 1 | $ 105,000 | $ 105,000 | $ 101,000 |
| Clay County South Dakota | 1 | $ 165,000 | $ 165,000 | $ 52,000 |
| Lake County South Dakota | 1 | $ 305,000 | $ 305,000 | $ 90,000 |
| Lawrence County South Dakota | 1 | $ 645,000 | $ 645,000 | $ 378,000 |
| Moody County South Dakota | 1 | $ 345,000 | $ 345,000 | $ 95,000 |
| Bayfield County Wisconsin | 1 | $ 335,000 | $ 335,000 | $ 250,000 |
| Burnett County Wisconsin | 1 | $ 525,000 | $ 525,000 | $ 0 |
| Douglas County Wisconsin | 1 | $ 75,000 | $ 75,000 | $ 63,000 |
| Milwaukee County Wisconsin | 1 | $ 145,000 | $ 145,000 | $ 122,000 |
| Oneida County Wisconsin | 1 | $ 485,000 | $ 485,000 | $ 120,000 |
| Pierce County Wisconsin | 1 | $ 405,000 | $ 405,000 | $ 158,000 |
| Polk County Wisconsin | 1 | $ 485,000 | $ 485,000 | $ 155,000 |
Mortgage Loan Application Detail Totals for Minnwest Bank 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 | 371 | $232,275,000 | $626,000 | $28,005,000 | $149,000 | $2,781,000 |
| Refinancing | 61 | $20,025,000 | $328,000 | $2,395,000 | $127,000 | $803,000 |
| Cash-out Refinancing | 47 | $8,765,000 | $186,000 | $505,000 | $99,000 | $366,000 |
| Home Improvement | 16 | $1,480,000 | $92,000 | $475,000 | $89,000 | $180,000 |
| Other Purpose | 11 | $2,615,000 | $237,000 | $635,000 | $227,000 | $581,000 |
| 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 | 392 | $94,540,000 | $241,000 | $2,005,000 | $137,000 | $2,781,000 |
| Not applicable | 72 | $158,780,000 | $2,205,000 | $28,005,000 | $0 | $0 |
| Not Provided | 22 | $5,300,000 | $240,000 | $1,005,000 | $156,000 | $698,000 |
| Asian | 8 | $4,390,000 | $548,000 | $1,505,000 | $337,000 | $1,464,000 |
| Hispanic | 8 | $1,330,000 | $166,000 | $285,000 | $97,000 | $325,000 |
| Black or African American | 2 | $340,000 | $170,000 | $235,000 | $57,000 | $69,000 |
| American Indian or Alaskan Native | 2 | $480,000 | $240,000 | $345,000 | $403,000 | $756,000 |
| 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) | 493 | $263,435,000 | $534,000 | $28,005,000 | $145,000 | $2,781,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 13 | $1,725,000 | $132,000 | $285,000 | $55,000 | $103,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 417 | $232,735,000 | $558,000 | $28,005,000 | $147,000 | $2,781,000 |
| Application Withdrawn By Applicant | 49 | $19,495,000 | $397,000 | $2,905,000 | $147,000 | $600,000 |
| Application Denied By Financial Institution | 29 | $7,275,000 | $250,000 | $1,875,000 | $66,000 | $151,000 |
| Application Approved But Not Accepted | 6 | $3,760,000 | $626,000 | $2,055,000 | $154,000 | $368,000 |
| File Closed For Incompleteness | 5 | $1,895,000 | $379,000 | $885,000 | $121,000 | $278,000 |
| 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 | 477 | $257,885,000 | $540,000 | $28,005,000 | $147,000 | $2,781,000 |
| Debt-To-Income Ratio | 14 | $3,820,000 | $272,000 | $1,005,000 | $67,000 | $151,000 |
| Collateral | 7 | $2,545,000 | $363,000 | $1,875,000 | $54,000 | $83,000 |
| Credit History | 7 | $625,000 | $89,000 | $235,000 | $71,000 | $103,000 |
| Other | 1 | $285,000 | $285,000 | $285,000 | $95,000 | $95,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 Minnwest Bank'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 Minnwest Bank'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.