Stearns Bank National Association Mortgage Lending & HMDA Data, 2015
In 2015, Stearns Bank National Association of St. Cloud, MN reported 352 mortgage applications totaling $147.9 million, down 28% from 2014. The average application was for $420,278, and applicants reported an average income of $66,724. 57% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (62), St. Cloud, MN (61) and Atlanta-Sandy Springs-Roswell, GA (38) (applications in parentheses).
| Mortgage Company & Address | Stearns Bank National Association 4191 2nd St S St. Cloud, MN 56301 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 352 |
| Total Mortgage Loan Application Amount | $147,938,000 |
| Average Mortgage Loan Application Amount | $420,278 |
| Highest Mortgage Loan Application Amount | $31,700,000 |
| Average Applicant Income | $66,724 |
| Highest Applicant Income | $493,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Stearns Bank National Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Stearns, Minnesota | 56 | $ 11,482,000 | $ 205,035 | $ 60,000 |
| Chisago, Minnesota | 36 | $ 6,652,000 | $ 184,777 | $ 73,000 |
| Pine, Minnesota | 30 | $ 3,950,000 | $ 131,666 | $ 48,000 |
| Pickens, Georgia | 23 | $ 2,032,000 | $ 88,347 | $ 58,000 |
| Maricopa, Arizona | 12 | $ 20,784,000 | $ 1,732,000 | $ 45,000 |
| Sarasota, Florida | 12 | $ 3,295,000 | $ 274,583 | $ 91,000 |
| Kanabec, Minnesota | 12 | $ 1,411,000 | $ 117,583 | $ 45,000 |
| Pinellas, Florida | 6 | $ 1,324,000 | $ 220,666 | $ 140,000 |
| Anoka, Minnesota | 6 | $ 1,244,000 | $ 207,333 | $ 75,000 |
| Isanti, Minnesota | 6 | $ 1,342,000 | $ 223,666 | $ 57,000 |
| Sherburne, Minnesota | 6 | $ 1,775,000 | $ 295,833 | $ 79,000 |
| Charlotte, Florida | 5 | $ 893,000 | $ 178,600 | $ 101,000 |
| Cherokee, Georgia | 5 | $ 404,000 | $ 80,800 | $ 57,000 |
| Benton, Minnesota | 5 | $ 684,000 | $ 136,800 | $ 58,000 |
| Morrison, Minnesota | 5 | $ 633,000 | $ 126,600 | $ 65,000 |
| Palm Beach, Florida | 3 | $ 775,000 | $ 258,333 | $ 135,000 |
| Bartow, Georgia | 3 | $ 592,000 | $ 197,333 | $ 106,000 |
| Cobb, Georgia | 3 | $ 529,000 | $ 176,333 | $ 196,000 |
| Ramsey, Minnesota | 3 | $ 584,000 | $ 194,666 | $ 63,000 |
| Wright, Minnesota | 3 | $ 1,998,000 | $ 666,000 | $ 67,000 |
| Lee, Florida | 2 | $ 503,000 | $ 251,500 | $ 47,000 |
| Manatee, Florida | 2 | $ 478,000 | $ 239,000 | $ 96,000 |
| Fulton, Georgia | 2 | $ 2,464,000 | $ 1,232,000 | $ 81,000 |
| Gilmer, Georgia | 2 | $ 179,000 | $ 89,500 | $ 52,000 |
| Hall, Georgia | 2 | $ 335,000 | $ 167,500 | $ 112,000 |
| Whitfield, Georgia | 2 | $ 430,000 | $ 215,000 | $ 49,000 |
| Crow Wing, Minnesota | 2 | $ 292,000 | $ 146,000 | $ 75,000 |
| Milwaukee, Wisconsin | 2 | $ 1,467,000 | $ 733,500 | $ 32,000 |
| Pima, Arizona | 1 | $ 595,000 | $ 595,000 | $ 63,000 |
| El Dorado, California | 1 | $ 2,547,000 | $ 2,547,000 | $ 0 |
| Broward, Florida | 1 | $ 800,000 | $ 800,000 | $ 104,000 |
| Hillsborough, Florida | 1 | $ 13,800,000 | $ 13,800,000 | $ 0 |
| Seminole, Florida | 1 | $ 200,000 | $ 200,000 | $ 0 |
| Dawson, Georgia | 1 | $ 160,000 | $ 160,000 | $ 0 |
| Gordon, Georgia | 1 | $ 69,000 | $ 69,000 | $ 94,000 |
| Paulding, Georgia | 1 | $ 171,000 | $ 171,000 | $ 239,000 |
| Cerro Gordo, Iowa | 1 | $ 1,048,000 | $ 1,048,000 | $ 0 |
| Polk, Iowa | 1 | $ 31,700,000 | $ 31,700,000 | $ 0 |
| Pottawattamie, Iowa | 1 | $ 10,500,000 | $ 10,500,000 | $ 0 |
| Anne Arundel, Maryland | 1 | $ 120,000 | $ 120,000 | $ 0 |
| Carver, Minnesota | 1 | $ 125,000 | $ 125,000 | $ 84,000 |
| Cass, Minnesota | 1 | $ 140,000 | $ 140,000 | $ 138,000 |
| Goodhue, Minnesota | 1 | $ 285,000 | $ 285,000 | $ 123,000 |
| Meeker, Minnesota | 1 | $ 148,000 | $ 148,000 | $ 63,000 |
| Mille Lacs, Minnesota | 1 | $ 123,000 | $ 123,000 | $ 128,000 |
| Pope, Minnesota | 1 | $ 175,000 | $ 175,000 | $ 55,000 |
| Lewis and Clark, Montana | 1 | $ 4,100,000 | $ 4,100,000 | $ 0 |
| Clark, Nevada | 1 | $ 355,000 | $ 355,000 | $ 204,000 |
| Otero, New Mexico | 1 | $ 500,000 | $ 500,000 | $ 0 |
| Erie, New York | 1 | $ 108,000 | $ 108,000 | $ 36,000 |
| Cass, North Dakota | 1 | $ 80,000 | $ 80,000 | $ 75,000 |
| Bexar, Texas | 1 | $ 192,000 | $ 192,000 | $ 0 |
| Dallas, Texas | 1 | $ 161,000 | $ 161,000 | $ 60,000 |
| Burnett, Wisconsin | 1 | $ 224,000 | $ 224,000 | $ 50,000 |
| Rusk, Wisconsin | 1 | $ 196,000 | $ 196,000 | $ 122,000 |
Mortgage Loan Application Detail Totals for Stearns Bank National Association 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 | 242 | $125,909,000 | $520,000 | $31,700,000 | $64,000 | $493,000 |
| Refinancing | 91 | $21,195,000 | $232,000 | $2,047,000 | $76,000 | $387,000 |
| Home Improvement | 19 | $834,000 | $43,000 | $215,000 | $57,000 | $239,000 |
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 | 285 | $45,232,000 | $158,000 | $595,000 | $72,000 | $493,000 |
| Not applicable | 35 | $96,276,000 | $2,750,000 | $31,700,000 | $0 | $0 |
| Not Provided | 22 | $4,699,000 | $213,000 | $800,000 | $109,000 | $387,000 |
| Hispanic | 6 | $1,221,000 | $203,000 | $355,000 | $94,000 | $204,000 |
| Asian | 2 | $282,000 | $141,000 | $175,000 | $42,000 | $43,000 |
| Black or African American | 1 | $130,000 | $130,000 | $130,000 | $53,000 | $53,000 |
| American Indian or Alaskan Native | 1 | $98,000 | $98,000 | $98,000 | $41,000 | $41,000 |
| 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) | 248 | $129,582,000 | $522,000 | $31,700,000 | $73,000 | $493,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 77 | $13,627,000 | $176,000 | $690,000 | $47,000 | $122,000 |
| FHA-insured (Federal Housing Administration) | 25 | $4,185,000 | $167,000 | $407,000 | $61,000 | $117,000 |
| VA-guaranteed (Veterans Administration) | 2 | $544,000 | $272,000 | $370,000 | $175,000 | $231,000 |
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 | 201 | $37,104,000 | $184,000 | $2,547,000 | $70,000 | $428,000 |
| Preapproval Approved but not Accepted | 56 | $8,601,000 | $153,000 | $417,000 | $69,000 | $493,000 |
| Application Denied By Financial Institution | 35 | $9,300,000 | $265,000 | $1,325,000 | $65,000 | $231,000 |
| Application Approved But Not Accepted | 30 | $79,273,000 | $2,642,000 | $31,700,000 | $40,000 | $192,000 |
| Application Withdrawn By Applicant | 15 | $11,025,000 | $735,000 | $7,570,000 | $89,000 | $387,000 |
| Preapproval Denied by Financial Institution | 12 | $2,041,000 | $170,000 | $400,000 | $63,000 | $117,000 |
| File Closed For Incompleteness | 2 | $248,000 | $124,000 | $140,000 | $37,000 | $39,000 |
| Loan Purchased By The Institution | 1 | $346,000 | $346,000 | $346,000 | $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 |
|---|---|---|---|---|---|---|
| Credit History | 19 | $3,385,000 | $178,000 | $417,000 | $62,000 | $162,000 |
| Debt-To-Income Ratio | 17 | $4,624,000 | $272,000 | $700,000 | $59,000 | $159,000 |
| Collateral | 5 | $869,000 | $173,000 | $370,000 | $113,000 | $231,000 |
| Other | 4 | $2,323,000 | $580,000 | $1,325,000 | $36,000 | $103,000 |
| Unverifiable Information | 1 | $75,000 | $75,000 | $75,000 | $117,000 | $117,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $65,000 | $65,000 | $65,000 | $19,000 | $19,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Stearns Bank National Association'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 Stearns 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.
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