River City Mortgage and Financ Mortgage Lending & HMDA Data, 2010
In 2010, River City Mortgage and Financ of Bloomington, MN reported 2,925 mortgage applications totaling $569.3 million, up 32% from 2009. The average application was for $194,642, and applicants reported an average income of $84,573. 78% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (2,458), Grand Forks, ND-MN (24) and Duluth, MN-WI (23) (applications in parentheses).
| Mortgage Company & Address | River City Mortgage and Financ 5001 American Blvd Suite 1000 Bloomington, MN 55437 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 2,925 |
| Total Mortgage Loan Application Amount | $569,330,000 |
| Average Mortgage Loan Application Amount | $194,642 |
| Highest Mortgage Loan Application Amount | $1,470,000 |
| Average Applicant Income | $84,573 |
| Highest Applicant Income | $3,600,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records River City Mortgage and Financ filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 861 | $ 187,502,000 | $ 217,772 | $ 100,000 |
| Dakota, Minnesota | 450 | $ 87,755,000 | $ 195,011 | $ 75,000 |
| Ramsey, Minnesota | 269 | $ 46,441,000 | $ 172,643 | $ 68,000 |
| Anoka, Minnesota | 241 | $ 44,575,000 | $ 184,958 | $ 75,000 |
| Scott, Minnesota | 168 | $ 34,572,000 | $ 205,785 | $ 96,000 |
| Washington, Minnesota | 140 | $ 29,628,000 | $ 211,628 | $ 82,000 |
| Wright, Minnesota | 94 | $ 17,621,000 | $ 187,457 | $ 74,000 |
| Carver, Minnesota | 81 | $ 20,037,000 | $ 247,370 | $ 158,000 |
| Sherburne, Minnesota | 60 | $ 11,036,000 | $ 183,933 | $ 78,000 |
| Rice, Minnesota | 45 | $ 6,704,000 | $ 148,977 | $ 57,000 |
| St. Croix, Wisconsin | 43 | $ 7,652,000 | $ 177,953 | $ 67,000 |
| Barron, Wisconsin | 23 | $ 2,163,000 | $ 94,043 | $ 47,000 |
| Chisago, Minnesota | 21 | $ 4,018,000 | $ 191,333 | $ 82,000 |
| Isanti, Minnesota | 21 | $ 2,932,000 | $ 139,619 | $ 48,000 |
| Le Sueur, Minnesota | 21 | $ 4,881,000 | $ 232,428 | $ 77,000 |
| St. Louis, Minnesota | 20 | $ 3,432,000 | $ 171,600 | $ 85,000 |
| Grand Forks, North Dakota | 16 | $ 2,257,000 | $ 141,062 | $ 63,000 |
| Crow Wing, Minnesota | 13 | $ 2,113,000 | $ 162,538 | $ 71,000 |
| Olmsted, Minnesota | 13 | $ 2,140,000 | $ 164,615 | $ 67,000 |
| Goodhue, Minnesota | 12 | $ 1,676,000 | $ 139,666 | $ 59,000 |
| Polk, Wisconsin | 12 | $ 1,765,000 | $ 147,083 | $ 54,000 |
| Stearns, Minnesota | 11 | $ 1,607,000 | $ 146,090 | $ 54,000 |
| Pierce, Wisconsin | 10 | $ 1,491,000 | $ 149,100 | $ 48,000 |
| Aitkin, Minnesota | 9 | $ 1,501,000 | $ 166,777 | $ 74,000 |
| Itasca, Minnesota | 8 | $ 1,397,000 | $ 174,625 | $ 74,000 |
| Mille Lacs, Minnesota | 8 | $ 854,000 | $ 106,750 | $ 46,000 |
| Polk, Minnesota | 8 | $ 1,029,000 | $ 128,625 | $ 62,000 |
| Chippewa, Wisconsin | 7 | $ 947,000 | $ 135,285 | $ 75,000 |
| Freeborn, Minnesota | 6 | $ 1,099,000 | $ 183,166 | $ 78,000 |
| Meeker, Minnesota | 5 | $ 968,000 | $ 193,600 | $ 44,000 |
| Morrison, Minnesota | 5 | $ 1,262,000 | $ 252,400 | $ 116,000 |
| Waseca, Minnesota | 5 | $ 564,000 | $ 112,800 | $ 38,000 |
| Milwaukee, Wisconsin | 5 | $ 756,000 | $ 151,200 | $ 48,000 |
| Waukesha, Wisconsin | 5 | $ 1,125,000 | $ 225,000 | $ 99,000 |
| Orange, Florida | 4 | $ 846,000 | $ 211,500 | $ 96,000 |
| Pinellas, Florida | 4 | $ 874,000 | $ 218,500 | $ 84,000 |
| Blue Earth, Minnesota | 4 | $ 488,000 | $ 122,000 | $ 100,000 |
| Cook, Minnesota | 4 | $ 683,000 | $ 170,750 | $ 68,000 |
| McLeod, Minnesota | 4 | $ 513,000 | $ 128,250 | $ 45,000 |
| Mower, Minnesota | 4 | $ 315,000 | $ 78,750 | $ 29,000 |
| Pine, Minnesota | 4 | $ 440,000 | $ 110,000 | $ 48,000 |
| Hillsborough, Florida | 3 | $ 635,000 | $ 211,666 | $ 87,000 |
| Lee, Florida | 3 | $ 599,000 | $ 199,666 | $ 82,000 |
| Clay, Minnesota | 3 | $ 462,000 | $ 154,000 | $ 61,000 |
| Grant, Minnesota | 3 | $ 280,000 | $ 93,333 | $ 38,000 |
| Kandiyohi, Minnesota | 3 | $ 658,000 | $ 219,333 | $ 320,000 |
| Lake, Minnesota | 3 | $ 489,000 | $ 163,000 | $ 24,000 |
| Steele, Minnesota | 3 | $ 465,000 | $ 155,000 | $ 76,000 |
| Dunn, Wisconsin | 3 | $ 331,000 | $ 110,333 | $ 42,000 |
| Eau Claire, Wisconsin | 3 | $ 397,000 | $ 132,333 | $ 29,000 |
| Brevard, Florida | 2 | $ 327,000 | $ 163,500 | $ 77,000 |
| Broward, Florida | 2 | $ 305,000 | $ 152,500 | $ 57,000 |
| Collier, Florida | 2 | $ 731,000 | $ 365,500 | $ 337,000 |
| Monroe, Florida | 2 | $ 434,000 | $ 217,000 | $ 391,000 |
| Dubuque, Iowa | 2 | $ 288,000 | $ 144,000 | $ 43,000 |
| Pottawattamie, Iowa | 2 | $ 424,000 | $ 212,000 | $ 118,000 |
| Story, Iowa | 2 | $ 222,000 | $ 111,000 | $ 78,000 |
| Beltrami, Minnesota | 2 | $ 366,000 | $ 183,000 | $ 35,000 |
| Benton, Minnesota | 2 | $ 302,000 | $ 151,000 | $ 69,000 |
| Carlton, Minnesota | 2 | $ 210,000 | $ 105,000 | $ 84,000 |
| Cass, Minnesota | 2 | $ 149,000 | $ 74,500 | $ 44,000 |
| Douglas, Minnesota | 2 | $ 514,000 | $ 257,000 | $ 53,000 |
| Faribault, Minnesota | 2 | $ 172,000 | $ 86,000 | $ 33,000 |
| Kanabec, Minnesota | 2 | $ 363,000 | $ 181,500 | $ 28,000 |
| Nicollet, Minnesota | 2 | $ 425,000 | $ 212,500 | $ 51,000 |
| Winona, Minnesota | 2 | $ 366,000 | $ 183,000 | $ 56,000 |
| Fond du Lac, Wisconsin | 2 | $ 208,000 | $ 104,000 | $ 45,000 |
| Pepin, Wisconsin | 2 | $ 316,000 | $ 158,000 | $ 170,000 |
| Racine, Wisconsin | 2 | $ 321,000 | $ 160,500 | $ 0 |
| Walworth, Wisconsin | 2 | $ 438,000 | $ 219,000 | $ 0 |
| Washburn, Wisconsin | 2 | $ 226,000 | $ 113,000 | $ 47,000 |
| Clay, Florida | 1 | $ 152,000 | $ 152,000 | $ 39,000 |
| Duval, Florida | 1 | $ 260,000 | $ 260,000 | $ 159,000 |
| Lake, Florida | 1 | $ 195,000 | $ 195,000 | $ 60,000 |
| Manatee, Florida | 1 | $ 211,000 | $ 211,000 | $ 69,000 |
| Miami-Dade, Florida | 1 | $ 336,000 | $ 336,000 | $ 115,000 |
| Okaloosa, Florida | 1 | $ 213,000 | $ 213,000 | $ 107,000 |
| Osceola, Florida | 1 | $ 211,000 | $ 211,000 | $ 70,000 |
| Palm Beach, Florida | 1 | $ 338,000 | $ 338,000 | $ 125,000 |
| Seminole, Florida | 1 | $ 362,000 | $ 362,000 | $ 239,000 |
| St. Johns, Florida | 1 | $ 154,000 | $ 154,000 | $ 32,000 |
| Bremer, Iowa | 1 | $ 163,000 | $ 163,000 | $ 131,000 |
| Dallas, Iowa | 1 | $ 105,000 | $ 105,000 | $ 46,000 |
| Madison, Iowa | 1 | $ 123,000 | $ 123,000 | $ 85,000 |
| Wapello, Iowa | 1 | $ 87,000 | $ 87,000 | $ 46,000 |
| Chippewa, Minnesota | 1 | $ 89,000 | $ 89,000 | $ 81,000 |
| Dodge, Minnesota | 1 | $ 90,000 | $ 90,000 | $ 31,000 |
| Fillmore, Minnesota | 1 | $ 100,000 | $ 100,000 | $ 47,000 |
| Houston, Minnesota | 1 | $ 271,000 | $ 271,000 | $ 79,000 |
| Hubbard, Minnesota | 1 | $ 260,000 | $ 260,000 | $ 64,000 |
| Lac qui Parle, Minnesota | 1 | $ 37,000 | $ 37,000 | $ 38,000 |
| Martin, Minnesota | 1 | $ 169,000 | $ 169,000 | $ 100,000 |
| Nobles, Minnesota | 1 | $ 108,000 | $ 108,000 | $ 28,000 |
| Otter Tail, Minnesota | 1 | $ 176,000 | $ 176,000 | $ 122,000 |
| Pennington, Minnesota | 1 | $ 158,000 | $ 158,000 | $ 62,000 |
| Pope, Minnesota | 1 | $ 252,000 | $ 252,000 | $ 144,000 |
| Red Lake, Minnesota | 1 | $ 64,000 | $ 64,000 | $ 25,000 |
| Redwood, Minnesota | 1 | $ 52,000 | $ 52,000 | $ 21,000 |
| Renville, Minnesota | 1 | $ 70,000 | $ 70,000 | $ 30,000 |
| Swift, Minnesota | 1 | $ 87,000 | $ 87,000 | $ 26,000 |
| Bottineau, North Dakota | 1 | $ 85,000 | $ 85,000 | $ 60,000 |
| Burleigh, North Dakota | 1 | $ 159,000 | $ 159,000 | $ 45,000 |
| Divide, North Dakota | 1 | $ 72,000 | $ 72,000 | $ 30,000 |
| Morton, North Dakota | 1 | $ 77,000 | $ 77,000 | $ 76,000 |
| Richland, North Dakota | 1 | $ 126,000 | $ 126,000 | $ 55,000 |
| Sargent, North Dakota | 1 | $ 116,000 | $ 116,000 | $ 64,000 |
| Steele, North Dakota | 1 | $ 93,000 | $ 93,000 | $ 52,000 |
| Ward, North Dakota | 1 | $ 222,000 | $ 222,000 | $ 66,000 |
| Williams, North Dakota | 1 | $ 90,000 | $ 90,000 | $ 0 |
| Bayfield, Wisconsin | 1 | $ 252,000 | $ 252,000 | $ 210,000 |
| Brown, Wisconsin | 1 | $ 88,000 | $ 88,000 | $ 57,000 |
| Burnett, Wisconsin | 1 | $ 162,000 | $ 162,000 | $ 43,000 |
| Clark, Wisconsin | 1 | $ 165,000 | $ 165,000 | $ 48,000 |
| Door, Wisconsin | 1 | $ 140,000 | $ 140,000 | $ 38,000 |
| Douglas, Wisconsin | 1 | $ 103,000 | $ 103,000 | $ 65,000 |
| Grant, Wisconsin | 1 | $ 191,000 | $ 191,000 | $ 112,000 |
| Green, Wisconsin | 1 | $ 213,000 | $ 213,000 | $ 0 |
| Green Lake, Wisconsin | 1 | $ 109,000 | $ 109,000 | $ 45,000 |
| Jackson, Wisconsin | 1 | $ 156,000 | $ 156,000 | $ 72,000 |
| Kenosha, Wisconsin | 1 | $ 127,000 | $ 127,000 | $ 58,000 |
| Kewaunee, Wisconsin | 1 | $ 173,000 | $ 173,000 | $ 0 |
| Manitowoc, Wisconsin | 1 | $ 67,000 | $ 67,000 | $ 0 |
| Monroe, Wisconsin | 1 | $ 174,000 | $ 174,000 | $ 0 |
| Rock, Wisconsin | 1 | $ 94,000 | $ 94,000 | $ 73,000 |
| Sawyer, Wisconsin | 1 | $ 193,000 | $ 193,000 | $ 97,000 |
| Vilas, Wisconsin | 1 | $ 320,000 | $ 320,000 | $ 80,000 |
| Waupaca, Wisconsin | 1 | $ 130,000 | $ 130,000 | $ 0 |
Mortgage Loan Application Detail Totals for River City Mortgage and Financ in 2010
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 | 1,686 | $357,384,000 | $211,000 | $1,470,000 | $92,000 | $1,700,000 |
| Home Purchase | 1,236 | $210,235,000 | $170,000 | $960,000 | $74,000 | $3,600,000 |
| Home Improvement | 3 | $1,711,000 | $570,000 | $1,403,000 | $267,000 | $360,000 |
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 | 2,419 | $476,144,000 | $196,000 | $1,470,000 | $86,000 | $3,600,000 |
| Not Provided | 227 | $44,890,000 | $197,000 | $417,000 | $86,000 | $770,000 |
| Asian | 146 | $25,260,000 | $173,000 | $960,000 | $66,000 | $533,000 |
| Black or African American | 71 | $11,857,000 | $167,000 | $316,000 | $51,000 | $119,000 |
| Hispanic | 42 | $7,613,000 | $181,000 | $400,000 | $72,000 | $467,000 |
| American Indian or Alaskan Native | 13 | $2,217,000 | $170,000 | $417,000 | $141,000 | $939,000 |
| Native Hawaiian or Other Pacific Islander | 7 | $1,349,000 | $192,000 | $333,000 | $65,000 | $195,000 |
| Not applicable | 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) | 1,380 | $294,987,000 | $213,000 | $1,470,000 | $117,000 | $3,600,000 |
| FHA-insured (Federal Housing Administration) | 1,359 | $245,824,000 | $180,000 | $373,000 | $57,000 | $467,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 100 | $12,961,000 | $129,000 | $318,000 | $45,000 | $91,000 |
| VA-guaranteed (Veterans Administration) | 86 | $15,558,000 | $180,000 | $370,000 | $54,000 | $134,000 |
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 | 2,293 | $439,975,000 | $191,000 | $1,190,000 | $83,000 | $1,700,000 |
| Application Denied By Financial Institution | 272 | $54,607,000 | $200,000 | $1,024,000 | $85,000 | $1,342,000 |
| Application Withdrawn By Applicant | 205 | $42,710,000 | $208,000 | $1,470,000 | $114,000 | $3,600,000 |
| File Closed For Incompleteness | 84 | $16,347,000 | $194,000 | $417,000 | $76,000 | $476,000 |
| Application Approved But Not Accepted | 71 | $15,691,000 | $221,000 | $1,403,000 | $70,000 | $360,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 82 | $18,635,000 | $227,000 | $1,024,000 | $115,000 | $1,342,000 |
| Other | 70 | $13,533,000 | $193,000 | $621,000 | $72,000 | $255,000 |
| Credit History | 40 | $7,092,000 | $177,000 | $410,000 | $55,000 | $144,000 |
| Debt-To-Income Ratio | 39 | $7,780,000 | $199,000 | $394,000 | $63,000 | $214,000 |
| Employment History | 11 | $2,070,000 | $188,000 | $530,000 | $80,000 | $202,000 |
| Unverifiable Information | 6 | $1,060,000 | $176,000 | $238,000 | $166,000 | $739,000 |
| Credit Application Incomplete | 4 | $708,000 | $177,000 | $242,000 | $64,000 | $120,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $372,000 | $93,000 | $107,000 | $67,000 | $153,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into River City Mortgage and Financ's 2010 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 River City Mortgage and Financ'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.
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