Find mortgage loan statistics, lending data, and loan application totals for Minnesota.
The mortgage statistics and data below are specific to mortgage loan applications for Summit Mortgage Corporation.
Search for mortgage lenders by state, county, or metropolitan area
and explore the loan application details and stats broken down by several loan categories from 2003-2021.
Mortgage Company & Address | Summit Mortgage Corporation 13355 10Th Ave N, Suite 100 Plymouth, MN 55441 Tel #: available with data download |
Federal Regulator | * available with data download |
Years | 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 |
Total Number of Mortgage Applications | 3,710 |
Total Mortgage Loan Application Amount | $816,300,000 |
Average Mortgage Loan Application Amount | $228,666 |
Highest Mortgage Loan Application Amount | $1,625,000 |
Average Applicant Income | $98,666 |
Highest Applicant Income | $1,356,000 |
Overall mortgage application loan totals and averages for this lender are provided for each year by county, metro area, and the entire US.
The loan data is broken down by loan purpose, loan type, applicant race, application outcome, and denial reason. With this information, you can get a detailed view of locations
where the mortgage lender is actively processing applications as well as the types and outcomes of loans from these applications.
As you search for mortgage loan stats and lending data in MN, the totals and averages will help you understand where the lender does business as well as the volume of business they do.
County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
---|---|---|---|---|
Hennepin County Minnesota | 642 | $ 147,390,000 | $ 229,000 | $ 101,000 |
Collier County Florida | 242 | $ 68,010,000 | $ 281,000 | $ 149,000 |
Dakota County Minnesota | 221 | $ 47,135,000 | $ 213,000 | $ 87,000 |
Ramsey County Minnesota | 205 | $ 41,655,000 | $ 203,000 | $ 90,000 |
Anoka County Minnesota | 183 | $ 36,445,000 | $ 199,000 | $ 80,000 |
Bucks County Pennsylvania | 145 | $ 36,865,000 | $ 254,000 | $ 103,000 |
Washington County Minnesota | 129 | $ 28,485,000 | $ 220,000 | $ 101,000 |
Lee County Florida | 126 | $ 28,250,000 | $ 224,000 | $ 120,000 |
Wayne County Pennsylvania | 124 | $ 18,840,000 | $ 151,000 | $ 87,000 |
Pike County Pennsylvania | 89 | $ 14,075,000 | $ 158,000 | $ 84,000 |
Scott County Minnesota | 78 | $ 18,270,000 | $ 234,000 | $ 89,000 |
Wright County Minnesota | 68 | $ 14,290,000 | $ 210,000 | $ 77,000 |
Lynchburg County Virginia | 60 | $ 7,710,000 | $ 128,000 | $ 57,000 |
Ada County Idaho | 57 | $ 15,175,000 | $ 266,000 | $ 102,000 |
Susquehanna County Pennsylvania | 52 | $ 7,280,000 | $ 140,000 | $ 75,000 |
Carver County Minnesota | 51 | $ 13,465,000 | $ 264,000 | $ 113,000 |
Denver County Colorado | 48 | $ 11,070,000 | $ 230,000 | $ 70,000 |
Sherburne County Minnesota | 47 | $ 11,505,000 | $ 244,000 | $ 114,000 |
Bedford County Virginia | 45 | $ 8,195,000 | $ 182,000 | $ 76,000 |
Campbell County Virginia | 44 | $ 6,170,000 | $ 140,000 | $ 57,000 |
Monroe County Pennsylvania | 43 | $ 7,315,000 | $ 170,000 | $ 88,000 |
Los Angeles County California | 40 | $ 17,780,000 | $ 444,000 | $ 115,000 |
San Diego County California | 36 | $ 13,040,000 | $ 362,000 | $ 103,000 |
Adams County Colorado | 32 | $ 6,730,000 | $ 210,000 | $ 75,000 |
Amherst County Virginia | 32 | $ 5,230,000 | $ 163,000 | $ 66,000 |
Chisago County Minnesota | 29 | $ 5,965,000 | $ 205,000 | $ 81,000 |
Union County New Jersey | 25 | $ 6,675,000 | $ 267,000 | $ 101,000 |
Clackamas County Oregon | 25 | $ 7,545,000 | $ 301,000 | $ 101,000 |
Olmsted County Minnesota | 23 | $ 2,905,000 | $ 126,000 | $ 69,000 |
Philadelphia County Pennsylvania | 23 | $ 4,405,000 | $ 191,000 | $ 88,000 |
Spotsylvania County Virginia | 22 | $ 5,940,000 | $ 270,000 | $ 99,000 |
Arapahoe County Colorado | 21 | $ 4,535,000 | $ 215,000 | $ 58,000 |
Montgomery County Pennsylvania | 21 | $ 5,945,000 | $ 283,000 | $ 109,000 |
Orange County Florida | 19 | $ 5,085,000 | $ 267,000 | $ 82,000 |
Lackawanna County Pennsylvania | 19 | $ 3,315,000 | $ 174,000 | $ 95,000 |
St. Croix County Wisconsin | 19 | $ 5,025,000 | $ 264,000 | $ 105,000 |
St. Louis County Minnesota | 18 | $ 3,740,000 | $ 207,000 | $ 106,000 |
Stearns County Minnesota | 18 | $ 2,300,000 | $ 127,000 | $ 51,000 |
Rockingham County Virginia | 17 | $ 2,915,000 | $ 171,000 | $ 57,000 |
Riverside County California | 16 | $ 5,230,000 | $ 326,000 | $ 128,000 |
Isanti County Minnesota | 15 | $ 2,685,000 | $ 179,000 | $ 70,000 |
San Bernardino County California | 14 | $ 3,680,000 | $ 262,000 | $ 73,000 |
Rice County Minnesota | 14 | $ 2,210,000 | $ 157,000 | $ 78,000 |
King George County Virginia | 14 | $ 3,660,000 | $ 261,000 | $ 97,000 |
Jefferson County Colorado | 13 | $ 4,025,000 | $ 309,000 | $ 93,000 |
Canyon County Idaho | 13 | $ 3,005,000 | $ 231,000 | $ 90,000 |
Mille Lacs County Minnesota | 12 | $ 1,580,000 | $ 131,000 | $ 60,000 |
Westmoreland County Virginia | 12 | $ 2,360,000 | $ 196,000 | $ 79,000 |
Harrisonburg County Virginia | 11 | $ 1,725,000 | $ 156,000 | $ 72,000 |
Appomattox County Virginia | 10 | $ 1,530,000 | $ 153,000 | $ 58,000 |
McLeod County Minnesota | 9 | $ 1,235,000 | $ 137,000 | $ 60,000 |
Wabasha County Minnesota | 9 | $ 1,695,000 | $ 188,000 | $ 62,000 |
Burlington County New Jersey | 9 | $ 1,905,000 | $ 211,000 | $ 88,000 |
Polk County Florida | 8 | $ 1,300,000 | $ 162,000 | $ 54,000 |
Sibley County Minnesota | 8 | $ 790,000 | $ 98,000 | $ 56,000 |
Polk County Wisconsin | 8 | $ 1,810,000 | $ 226,000 | $ 133,000 |
Pine County Minnesota | 7 | $ 955,000 | $ 136,000 | $ 71,000 |
Middlesex County New Jersey | 7 | $ 1,765,000 | $ 252,000 | $ 86,000 |
Multnomah County Oregon | 7 | $ 2,225,000 | $ 317,000 | $ 186,000 |
Volusia County Florida | 6 | $ 1,000,000 | $ 166,000 | $ 90,000 |
Cass County Minnesota | 6 | $ 1,410,000 | $ 235,000 | $ 121,000 |
Crow Wing County Minnesota | 6 | $ 1,210,000 | $ 201,000 | $ 90,000 |
Dodge County Minnesota | 6 | $ 720,000 | $ 120,000 | $ 46,000 |
Kanabec County Minnesota | 6 | $ 740,000 | $ 123,000 | $ 62,000 |
Le Sueur County Minnesota | 6 | $ 1,000,000 | $ 166,000 | $ 56,000 |
Caroline County Virginia | 6 | $ 1,230,000 | $ 205,000 | $ 95,000 |
Orange County Virginia | 6 | $ 1,700,000 | $ 283,000 | $ 134,000 |
Stafford County Virginia | 6 | $ 1,890,000 | $ 315,000 | $ 97,000 |
Goodhue County Minnesota | 5 | $ 855,000 | $ 171,000 | $ 81,000 |
Steele County Minnesota | 5 | $ 515,000 | $ 103,000 | $ 47,000 |
Northampton County Pennsylvania | 5 | $ 905,000 | $ 181,000 | $ 100,000 |
Waukesha County Wisconsin | 5 | $ 1,065,000 | $ 213,000 | $ 64,000 |
Adams County Idaho | 4 | $ 760,000 | $ 190,000 | $ 131,000 |
Elmore County Idaho | 4 | $ 620,000 | $ 155,000 | $ 47,000 |
Valley County Idaho | 4 | $ 980,000 | $ 245,000 | $ 78,000 |
Morrison County Minnesota | 4 | $ 930,000 | $ 232,000 | $ 76,000 |
Mower County Minnesota | 4 | $ 360,000 | $ 90,000 | $ 42,000 |
Essex County New Jersey | 4 | $ 1,120,000 | $ 280,000 | $ 96,000 |
Loudoun County Virginia | 4 | $ 1,580,000 | $ 395,000 | $ 106,000 |
Nelson County Virginia | 4 | $ 490,000 | $ 122,000 | $ 46,000 |
Calumet County Wisconsin | 4 | $ 620,000 | $ 155,000 | $ 52,000 |
Charlotte County Florida | 3 | $ 515,000 | $ 171,000 | $ 163,000 |
Palm Beach County Florida | 3 | $ 605,000 | $ 201,000 | $ 114,000 |
Gem County Idaho | 3 | $ 625,000 | $ 208,000 | $ 74,000 |
Idaho County Idaho | 3 | $ 565,000 | $ 188,000 | $ 66,000 |
Fillmore County Minnesota | 3 | $ 205,000 | $ 68,000 | $ 47,000 |
Freeborn County Minnesota | 3 | $ 575,000 | $ 191,000 | $ 86,000 |
Lake County Minnesota | 3 | $ 525,000 | $ 175,000 | $ 147,000 |
Meeker County Minnesota | 3 | $ 315,000 | $ 105,000 | $ 51,000 |
Nicollet County Minnesota | 3 | $ 405,000 | $ 135,000 | $ 47,000 |
Otter Tail County Minnesota | 3 | $ 455,000 | $ 151,000 | $ 69,000 |
Todd County Minnesota | 3 | $ 195,000 | $ 65,000 | $ 40,000 |
Camden County New Jersey | 3 | $ 445,000 | $ 148,000 | $ 88,000 |
Cape May County New Jersey | 3 | $ 705,000 | $ 235,000 | $ 131,000 |
Mercer County New Jersey | 3 | $ 675,000 | $ 225,000 | $ 88,000 |
Sussex County New Jersey | 3 | $ 395,000 | $ 131,000 | $ 65,000 |
Warren County New Jersey | 3 | $ 435,000 | $ 145,000 | $ 55,000 |
Centre County Pennsylvania | 3 | $ 265,000 | $ 88,000 | $ 59,000 |
Wyoming County Pennsylvania | 3 | $ 695,000 | $ 231,000 | $ 105,000 |
Louisa County Virginia | 3 | $ 615,000 | $ 205,000 | $ 73,000 |
Pierce County Washington | 3 | $ 1,245,000 | $ 415,000 | $ 323,000 |
Dane County Wisconsin | 3 | $ 715,000 | $ 238,000 | $ 111,000 |
Pierce County Wisconsin | 3 | $ 565,000 | $ 188,000 | $ 68,000 |
Boulder County Colorado | 2 | $ 560,000 | $ 280,000 | $ 82,000 |
Douglas County Colorado | 2 | $ 860,000 | $ 430,000 | $ 104,000 |
Weld County Colorado | 2 | $ 710,000 | $ 355,000 | $ 124,000 |
Broward County Florida | 2 | $ 80,000 | $ 40,000 | $ 24,000 |
Highlands County Florida | 2 | $ 350,000 | $ 175,000 | $ 73,000 |
Jefferson County Florida | 2 | $ 220,000 | $ 110,000 | $ 63,000 |
Manatee County Florida | 2 | $ 690,000 | $ 345,000 | $ 216,000 |
Sarasota County Florida | 2 | $ 320,000 | $ 160,000 | $ 167,000 |
Seminole County Florida | 2 | $ 480,000 | $ 240,000 | $ 79,000 |
Caribou County Idaho | 2 | $ 210,000 | $ 105,000 | $ 81,000 |
Washington County Idaho | 2 | $ 380,000 | $ 190,000 | $ 88,000 |
Aitkin County Minnesota | 2 | $ 460,000 | $ 230,000 | $ 118,000 |
Blue Earth County Minnesota | 2 | $ 240,000 | $ 120,000 | $ 73,000 |
Carlton County Minnesota | 2 | $ 400,000 | $ 200,000 | $ 53,000 |
Douglas County Minnesota | 2 | $ 460,000 | $ 230,000 | $ 123,000 |
Itasca County Minnesota | 2 | $ 380,000 | $ 190,000 | $ 108,000 |
Koochiching County Minnesota | 2 | $ 420,000 | $ 210,000 | $ 70,000 |
Pope County Minnesota | 2 | $ 450,000 | $ 225,000 | $ 220,000 |
Renville County Minnesota | 2 | $ 70,000 | $ 35,000 | $ 44,000 |
Wadena County Minnesota | 2 | $ 320,000 | $ 160,000 | $ 76,000 |
Gloucester County New Jersey | 2 | $ 410,000 | $ 205,000 | $ 48,000 |
Hudson County New Jersey | 2 | $ 490,000 | $ 245,000 | $ 79,000 |
Hunterdon County New Jersey | 2 | $ 530,000 | $ 265,000 | $ 68,000 |
Passaic County New Jersey | 2 | $ 520,000 | $ 260,000 | $ 89,000 |
Deschutes County Oregon | 2 | $ 760,000 | $ 380,000 | $ 157,000 |
Linn County Oregon | 2 | $ 520,000 | $ 260,000 | $ 113,000 |
Marion County Oregon | 2 | $ 560,000 | $ 280,000 | $ 93,000 |
Union County Oregon | 2 | $ 770,000 | $ 385,000 | $ 156,000 |
Washington County Oregon | 2 | $ 780,000 | $ 390,000 | $ 142,000 |
Bradford County Pennsylvania | 2 | $ 250,000 | $ 125,000 | $ 51,000 |
Delaware County Pennsylvania | 2 | $ 270,000 | $ 135,000 | $ 56,000 |
Collin County Texas | 2 | $ 430,000 | $ 215,000 | $ 84,000 |
Chesapeake County Virginia | 2 | $ 400,000 | $ 200,000 | $ 61,000 |
Frederick County Virginia | 2 | $ 460,000 | $ 230,000 | $ 102,000 |
Page County Virginia | 2 | $ 200,000 | $ 100,000 | $ 33,000 |
Prince William County Virginia | 2 | $ 560,000 | $ 280,000 | $ 88,000 |
Grant County Washington | 2 | $ 480,000 | $ 240,000 | $ 92,000 |
King County Washington | 2 | $ 820,000 | $ 410,000 | $ 79,000 |
Bayfield County Wisconsin | 2 | $ 260,000 | $ 130,000 | $ 31,000 |
Burnett County Wisconsin | 2 | $ 320,000 | $ 160,000 | $ 71,000 |
Sheboygan County Wisconsin | 2 | $ 390,000 | $ 195,000 | $ 43,000 |
Washburn County Wisconsin | 2 | $ 210,000 | $ 105,000 | $ 41,000 |
Placer County California | 1 | $ 255,000 | $ 255,000 | $ 96,000 |
Santa Cruz County California | 1 | $ 525,000 | $ 525,000 | $ 117,000 |
Archuleta County Colorado | 1 | $ 595,000 | $ 595,000 | $ 168,000 |
Chaffee County Colorado | 1 | $ 185,000 | $ 185,000 | $ 218,000 |
El Paso County Colorado | 1 | $ 305,000 | $ 305,000 | $ 57,000 |
Grand County Colorado | 1 | $ 305,000 | $ 305,000 | $ 101,000 |
Larimer County Colorado | 1 | $ 255,000 | $ 255,000 | $ 87,000 |
Park County Colorado | 1 | $ 385,000 | $ 385,000 | $ 81,000 |
Bay County Florida | 1 | $ 155,000 | $ 155,000 | $ 167,000 |
Brevard County Florida | 1 | $ 245,000 | $ 245,000 | $ 103,000 |
Duval County Florida | 1 | $ 125,000 | $ 125,000 | $ 40,000 |
Lake County Florida | 1 | $ 105,000 | $ 105,000 | $ 53,000 |
Miami-Dade County Florida | 1 | $ 275,000 | $ 275,000 | $ 110,000 |
Jefferson County Idaho | 1 | $ 205,000 | $ 205,000 | $ 43,000 |
Jerome County Idaho | 1 | $ 205,000 | $ 205,000 | $ 60,000 |
Nez Perce County Idaho | 1 | $ 125,000 | $ 125,000 | $ 57,000 |
Owyhee County Idaho | 1 | $ 185,000 | $ 185,000 | $ 69,000 |
Payette County Idaho | 1 | $ 155,000 | $ 155,000 | $ 35,000 |
Twin Falls County Idaho | 1 | $ 215,000 | $ 215,000 | $ 60,000 |
Bremer County Iowa | 1 | $ 155,000 | $ 155,000 | $ 65,000 |
Becker County Minnesota | 1 | $ 455,000 | $ 455,000 | $ 247,000 |
Cottonwood County Minnesota | 1 | $ 115,000 | $ 115,000 | $ 63,000 |
Faribault County Minnesota | 1 | $ 255,000 | $ 255,000 | $ 62,000 |
Houston County Minnesota | 1 | $ 125,000 | $ 125,000 | $ 84,000 |
Hubbard County Minnesota | 1 | $ 205,000 | $ 205,000 | $ 55,000 |
Kandiyohi County Minnesota | 1 | $ 255,000 | $ 255,000 | $ 150,000 |
Polk County Minnesota | 1 | $ 105,000 | $ 105,000 | $ 76,000 |
Roseau County Minnesota | 1 | $ 185,000 | $ 185,000 | $ 269,000 |
Watonwan County Minnesota | 1 | $ 115,000 | $ 115,000 | $ 70,000 |
Winona County Minnesota | 1 | $ 285,000 | $ 285,000 | $ 122,000 |
Bergen County New Jersey | 1 | $ 435,000 | $ 435,000 | $ 108,000 |
Ocean County New Jersey | 1 | $ 175,000 | $ 175,000 | $ 65,000 |
Somerset County New Jersey | 1 | $ 135,000 | $ 135,000 | $ 52,000 |
Lincoln County Oregon | 1 | $ 285,000 | $ 285,000 | $ 152,000 |
Carbon County Pennsylvania | 1 | $ 125,000 | $ 125,000 | $ 127,000 |
Chester County Pennsylvania | 1 | $ 155,000 | $ 155,000 | $ 71,000 |
Lehigh County Pennsylvania | 1 | $ 75,000 | $ 75,000 | $ 40,000 |
Luzerne County Pennsylvania | 1 | $ 115,000 | $ 115,000 | $ 73,000 |
Tioga County Pennsylvania | 1 | $ 165,000 | $ 165,000 | $ 58,000 |
Harris County Texas | 1 | $ 225,000 | $ 225,000 | $ 93,000 |
Augusta County Virginia | 1 | $ 155,000 | $ 155,000 | $ 45,000 |
Buckingham County Virginia | 1 | $ 155,000 | $ 155,000 | $ 89,000 |
Charlotte County Virginia | 1 | $ 235,000 | $ 235,000 | $ 128,000 |
Culpeper County Virginia | 1 | $ 455,000 | $ 455,000 | $ 93,000 |
Fairfax City County Virginia | 1 | $ 265,000 | $ 265,000 | $ 161,000 |
Fluvanna County Virginia | 1 | $ 165,000 | $ 165,000 | $ 51,000 |
Fredericksburg County Virginia | 1 | $ 345,000 | $ 345,000 | $ 106,000 |
Hanover County Virginia | 1 | $ 325,000 | $ 325,000 | $ 218,000 |
Henry County Virginia | 1 | $ 165,000 | $ 165,000 | $ 46,000 |
Middlesex County Virginia | 1 | $ 165,000 | $ 165,000 | $ 55,000 |
Pittsylvania County Virginia | 1 | $ 95,000 | $ 95,000 | $ 28,000 |
Roanoke County Virginia | 1 | $ 165,000 | $ 165,000 | $ 67,000 |
Shenandoah County Virginia | 1 | $ 165,000 | $ 165,000 | $ 60,000 |
Virginia Beach County Virginia | 1 | $ 175,000 | $ 175,000 | $ 83,000 |
Benton County Washington | 1 | $ 255,000 | $ 255,000 | $ 56,000 |
Yakima County Washington | 1 | $ 235,000 | $ 235,000 | $ 55,000 |
Chippewa County Wisconsin | 1 | $ 115,000 | $ 115,000 | $ 44,000 |
Dodge County Wisconsin | 1 | $ 165,000 | $ 165,000 | $ 66,000 |
Douglas County Wisconsin | 1 | $ 285,000 | $ 285,000 | $ 104,000 |
Manitowoc County Wisconsin | 1 | $ 115,000 | $ 115,000 | $ 42,000 |
Marathon County Wisconsin | 1 | $ 165,000 | $ 165,000 | $ 46,000 |
Marquette County Wisconsin | 1 | $ 305,000 | $ 305,000 | $ 124,000 |
Milwaukee County Wisconsin | 1 | $ 235,000 | $ 235,000 | $ 163,000 |
Racine County Wisconsin | 1 | $ 185,000 | $ 185,000 | $ 131,000 |
Rock County Wisconsin | 1 | $ 175,000 | $ 175,000 | $ 67,000 |
Rusk County Wisconsin | 1 | $ 315,000 | $ 315,000 | $ 108,000 |
Walworth County Wisconsin | 1 | $ 155,000 | $ 155,000 | $ 67,000 |
Waushara County Wisconsin | 1 | $ 235,000 | $ 235,000 | $ 289,000 |
Winnebago County Wisconsin | 1 | $ 185,000 | $ 185,000 | $ 58,000 |
The mortgage data stats below are displayed in sortable categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.
Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, the highest mortgage loan applied for within that category,
the average income of the mortgage applicants, and the highest income of the mortgage applicants.
You can also download the entire list of mortgage lenders along with their aggregated lending data for the state of Minnesota,
and search the same numbers and information back through 2003.
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 | 3,057 | $662,465,000 | $216,000 | $1,625,000 | $94,000 | $938,000 |
Cash-out Refinancing | 431 | $101,635,000 | $235,000 | $865,000 | $99,000 | $1,356,000 |
Refinancing | 222 | $52,200,000 | $235,000 | $1,505,000 | $103,000 | $773,000 |
Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Other Purpose | 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 | 2,577 | $571,205,000 | $221,000 | $1,365,000 | $98,000 | $1,356,000 |
Not Provided | 561 | $123,605,000 | $220,000 | $1,505,000 | $97,000 | $1,091,000 |
Hispanic | 299 | $67,025,000 | $224,000 | $1,625,000 | $79,000 | $440,000 |
Black or African American | 135 | $25,195,000 | $186,000 | $655,000 | $70,000 | $258,000 |
Asian | 111 | $24,525,000 | $220,000 | $505,000 | $99,000 | $501,000 |
American Indian or Alaskan Native | 17 | $3,145,000 | $185,000 | $305,000 | $70,000 | $178,000 |
Native Hawaiian or Other Pacific Islander | 4 | $610,000 | $152,000 | $205,000 | $55,000 | $63,000 |
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) | 2,554 | $565,680,000 | $221,000 | $1,625,000 | $105,000 | $1,091,000 |
FHA-insured (Federal Housing Administration) | 814 | $178,550,000 | $219,000 | $605,000 | $75,000 | $1,356,000 |
VA-guaranteed (Veterans Administration) | 202 | $49,960,000 | $247,000 | $865,000 | $84,000 | $272,000 |
FSA/RHS (Farm Service Agency or Rural Housing Service) | 140 | $22,110,000 | $157,000 | $355,000 | $56,000 | $120,000 |
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 | 2,638 | $570,710,000 | $216,000 | $935,000 | $95,000 | $938,000 |
Application Withdrawn By Applicant | 626 | $147,640,000 | $235,000 | $1,625,000 | $103,000 | $1,356,000 |
Application Denied By Financial Institution | 310 | $64,860,000 | $209,000 | $1,205,000 | $75,000 | $528,000 |
File Closed For Incompleteness | 97 | $23,755,000 | $244,000 | $1,505,000 | $97,000 | $480,000 |
Preapproval Approved but not Accepted | 24 | $6,520,000 | $271,000 | $455,000 | $120,000 | $355,000 |
Application Approved But Not Accepted | 15 | $2,815,000 | $187,000 | $295,000 | $128,000 | $455,000 |
Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Purchased By The 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 | 3,400 | $751,440,000 | $221,000 | $1,625,000 | $97,000 | $1,356,000 |
Debt-To-Income Ratio | 102 | $23,000,000 | $225,000 | $665,000 | $62,000 | $261,000 |
Credit History | 77 | $15,685,000 | $203,000 | $585,000 | $76,000 | $240,000 |
Other | 49 | $9,005,000 | $183,000 | $805,000 | $89,000 | $528,000 |
Collateral | 40 | $7,000,000 | $175,000 | $395,000 | $86,000 | $316,000 |
Employment History | 18 | $4,430,000 | $246,000 | $1,205,000 | $75,000 | $360,000 |
Insufficient Cash (Downpayment, Closing Cost) | 13 | $3,135,000 | $241,000 | $455,000 | $87,000 | $203,000 |
Unverifiable Information | 8 | $1,830,000 | $228,000 | $355,000 | $56,000 | $86,000 |
Mortgage Insurance Denied | 3 | $775,000 | $258,000 | $315,000 | $80,000 | $86,000 |
Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
These totals and details for mortgage applications will give you a better idea of what to expect when researching mortgage lenders. Whether you are looking for a home loan, for home refinancing, or for home improvement loan statistics, we have the information you need. This mortgage loan data gives you everything you need to know as you start your search for the best lenders in MN, and gives you an idea of what the best mortgage lenders really are.
If you prefer, you can download a copy of the entire list of mortgage lenders in Minnesota, and search similar information at your convenience.