Security State Bank - Lewiston Mortgage Lending & HMDA Data, 2015
In 2015, Security State Bank - Lewiston of Lewiston, MN reported 34 mortgage applications totaling $4.3 million, up 100% from 2014. The average application was for $126,088, and applicants reported an average income of $155,235. 76% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Rochester, MN (14), La Crosse-Onalaska, WI-MN (3) and Minneapolis-St. Paul-Bloomington, MN-WI (1) (applications in parentheses).
| Mortgage Company & Address | Security State Bank - Lewiston 225 East Main Street, Po Box 430 Lewiston, MN 55952 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2010 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 34 |
| Total Mortgage Loan Application Amount | $4,287,000 |
| Average Mortgage Loan Application Amount | $126,088 |
| Highest Mortgage Loan Application Amount | $650,000 |
| Average Applicant Income | $155,235 |
| Highest Applicant Income | $2,949,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Security State Bank - Lewiston filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Fillmore, Minnesota | 11 | $ 1,765,000 | $ 160,454 | $ 366,000 |
| Winona, Minnesota | 10 | $ 820,000 | $ 82,000 | $ 54,000 |
| Mower, Minnesota | 5 | $ 402,000 | $ 80,400 | $ 60,000 |
| Houston, Minnesota | 3 | $ 108,000 | $ 36,000 | $ 53,000 |
| Olmsted, Minnesota | 3 | $ 795,000 | $ 265,000 | $ 69,000 |
| Freeborn, Minnesota | 1 | $ 55,000 | $ 55,000 | $ 50,000 |
| Hennepin, Minnesota | 1 | $ 342,000 | $ 342,000 | $ 0 |
Mortgage Loan Application Detail Totals for Security State Bank - Lewiston in 2015
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 | 15 | $1,667,000 | $111,000 | $342,000 | $248,000 | $2,949,000 |
| Refinancing | 13 | $2,306,000 | $177,000 | $650,000 | $64,000 | $130,000 |
| Home Improvement | 6 | $314,000 | $52,000 | $200,000 | $121,000 | $352,000 |
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 | 32 | $3,986,000 | $124,000 | $650,000 | $71,000 | $352,000 |
| Not Provided | 1 | $264,000 | $264,000 | $264,000 | $2,949,000 | $2,949,000 |
| Hispanic | 1 | $37,000 | $37,000 | $37,000 | $48,000 | $48,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 34 | $4,287,000 | $126,000 | $650,000 | $155,000 | $2,949,000 |
| 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 | 26 | $3,561,000 | $136,000 | $650,000 | $187,000 | $2,949,000 |
| Application Withdrawn By Applicant | 5 | $610,000 | $122,000 | $178,000 | $59,000 | $130,000 |
| Application Denied By Financial Institution | 3 | $116,000 | $38,000 | $50,000 | $34,000 | $48,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 2 | $79,000 | $39,000 | $50,000 | $27,000 | $37,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $37,000 | $37,000 | $37,000 | $48,000 | $48,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Security State Bank - Lewiston's 2015 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 Security State Bank - Lewiston'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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