Summit Mortgage Corporation
Mortgage Loan Application
Totals and Details
for 2019

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 4,166
Total Mortgage Loan Application Amount $980,560,000
Average Mortgage Loan Application Amount $196,500
Highest Mortgage Loan Application Amount $1,535,000
Average Applicant Income $92,500
Highest Applicant Income $1,098,000

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.

Mortgage Loan Application Totals for Summit Mortgage Corporation by County in 2019

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 637 $ 156,965,000 $ 246,000 $ 106,000
Collier County Florida 251 $ 68,735,000 $ 273,000 $ 152,000
Dakota County Minnesota 209 $ 49,285,000 $ 235,000 $ 97,000
Ramsey County Minnesota 203 $ 44,385,000 $ 218,000 $ 102,000
Anoka County Minnesota 193 $ 40,085,000 $ 207,000 $ 82,000
Bucks County Pennsylvania 172 $ 45,610,000 $ 265,000 $ 105,000
Wayne County Pennsylvania 168 $ 27,760,000 $ 165,000 $ 98,000
Washington County Minnesota 117 $ 30,535,000 $ 260,000 $ 113,000
Lee County Florida 108 $ 24,850,000 $ 230,000 $ 146,000
Pike County Pennsylvania 87 $ 14,185,000 $ 163,000 $ 101,000
Scott County Minnesota 80 $ 22,060,000 $ 275,000 $ 105,000
Berks County Pennsylvania 76 $ 10,840,000 $ 142,000 $ 64,000
Wright County Minnesota 75 $ 17,815,000 $ 237,000 $ 93,000
Los Angeles County California 73 $ 33,655,000 $ 461,000 $ 120,000
Denver County Colorado 71 $ 18,095,000 $ 254,000 $ 91,000
Carver County Minnesota 66 $ 18,620,000 $ 282,000 $ 108,000
Lehigh County Pennsylvania 58 $ 8,960,000 $ 154,000 $ 56,000
Sherburne County Minnesota 57 $ 11,845,000 $ 207,000 $ 79,000
Ada County Idaho 56 $ 14,760,000 $ 263,000 $ 117,000
Susquehanna County Pennsylvania 56 $ 9,020,000 $ 161,000 $ 74,000
Northampton County Pennsylvania 54 $ 9,110,000 $ 168,000 $ 77,000
Monroe County Pennsylvania 48 $ 7,720,000 $ 160,000 $ 77,000
Adams County Colorado 44 $ 12,370,000 $ 281,000 $ 84,000
Schuylkill County Pennsylvania 44 $ 5,350,000 $ 121,000 $ 56,000
Arapahoe County Colorado 42 $ 11,590,000 $ 275,000 $ 94,000
Lackawanna County Pennsylvania 39 $ 6,655,000 $ 170,000 $ 85,000
Duval County Florida 34 $ 5,740,000 $ 168,000 $ 76,000
San Diego County California 32 $ 14,960,000 $ 467,000 $ 130,000
Canyon County Idaho 29 $ 7,515,000 $ 259,000 $ 89,000
Riverside County California 28 $ 10,550,000 $ 376,000 $ 143,000
Grant County Washington 27 $ 5,675,000 $ 210,000 $ 74,000
Jefferson County Colorado 26 $ 9,860,000 $ 379,000 $ 109,000
Orange County Florida 26 $ 6,790,000 $ 261,000 $ 121,000
Isanti County Minnesota 25 $ 4,515,000 $ 180,000 $ 70,000
St. Louis County Minnesota 23 $ 3,685,000 $ 160,000 $ 80,000
King George County Virginia 23 $ 5,015,000 $ 218,000 $ 92,000
Clackamas County Oregon 21 $ 6,815,000 $ 324,000 $ 105,000
Montgomery County Pennsylvania 21 $ 5,055,000 $ 240,000 $ 106,000
Olmsted County Minnesota 20 $ 3,900,000 $ 195,000 $ 100,000
Philadelphia County Pennsylvania 19 $ 3,385,000 $ 178,000 $ 67,000
Chisago County Minnesota 17 $ 4,455,000 $ 262,000 $ 98,000
Pasco County Florida 16 $ 2,730,000 $ 170,000 $ 57,000
Rockingham County Virginia 16 $ 3,160,000 $ 197,000 $ 58,000
Stafford County Virginia 16 $ 5,560,000 $ 347,000 $ 135,000
Douglas County Colorado 15 $ 5,745,000 $ 383,000 $ 123,000
Spotsylvania County Virginia 15 $ 3,605,000 $ 240,000 $ 90,000
San Bernardino County California 14 $ 4,240,000 $ 302,000 $ 110,000
Polk County Florida 14 $ 2,770,000 $ 197,000 $ 77,000
Hillsborough County Florida 13 $ 3,155,000 $ 242,000 $ 86,000
Carlton County Minnesota 13 $ 1,765,000 $ 135,000 $ 66,000
Rice County Minnesota 13 $ 2,645,000 $ 203,000 $ 83,000
Campbell County Virginia 13 $ 1,835,000 $ 141,000 $ 64,000
Harrisonburg County Virginia 13 $ 2,315,000 $ 178,000 $ 68,000
McLeod County Minnesota 11 $ 1,765,000 $ 160,000 $ 68,000
Stearns County Minnesota 11 $ 1,555,000 $ 141,000 $ 59,000
Lake County Minnesota 10 $ 1,430,000 $ 143,000 $ 73,000
Burlington County New Jersey 10 $ 2,030,000 $ 203,000 $ 110,000
Lynchburg County Virginia 10 $ 1,320,000 $ 132,000 $ 65,000
Benton County Washington 10 $ 2,350,000 $ 235,000 $ 101,000
Manatee County Florida 9 $ 3,085,000 $ 342,000 $ 183,000
Mille Lacs County Minnesota 9 $ 1,315,000 $ 146,000 $ 71,000
Bedford County Virginia 9 $ 1,595,000 $ 177,000 $ 60,000
Weld County Colorado 8 $ 2,350,000 $ 293,000 $ 107,000
St. Croix County Wisconsin 8 $ 1,850,000 $ 231,000 $ 124,000
El Paso County Colorado 7 $ 1,645,000 $ 235,000 $ 93,000
Pinellas County Florida 7 $ 1,735,000 $ 247,000 $ 154,000
Le Sueur County Minnesota 7 $ 1,455,000 $ 207,000 $ 86,000
Pine County Minnesota 7 $ 1,275,000 $ 182,000 $ 95,000
Union County New Jersey 7 $ 1,845,000 $ 263,000 $ 101,000
Carbon County Pennsylvania 7 $ 875,000 $ 125,000 $ 74,000
Delaware County Pennsylvania 7 $ 1,185,000 $ 169,000 $ 88,000
Amherst County Virginia 7 $ 1,005,000 $ 143,000 $ 62,000
Polk County Wisconsin 7 $ 1,445,000 $ 206,000 $ 118,000
Boulder County Colorado 6 $ 1,780,000 $ 296,000 $ 93,000
Clay County Florida 6 $ 1,340,000 $ 223,000 $ 79,000
Volusia County Florida 6 $ 1,220,000 $ 203,000 $ 81,000
Augusta County Virginia 6 $ 840,000 $ 140,000 $ 56,000
Westmoreland County Virginia 6 $ 1,230,000 $ 205,000 $ 93,000
Orange County California 5 $ 2,685,000 $ 537,000 $ 163,000
Seminole County Florida 5 $ 735,000 $ 147,000 $ 77,000
Owyhee County Idaho 5 $ 965,000 $ 193,000 $ 68,000
Aitkin County Minnesota 5 $ 1,315,000 $ 263,000 $ 115,000
Cass County Minnesota 5 $ 855,000 $ 171,000 $ 98,000
Crow Wing County Minnesota 5 $ 1,235,000 $ 247,000 $ 125,000
Goodhue County Minnesota 5 $ 775,000 $ 155,000 $ 89,000
Washington County Oregon 5 $ 1,765,000 $ 353,000 $ 127,000
Fredericksburg County Virginia 5 $ 1,685,000 $ 337,000 $ 155,000
King County Washington 5 $ 1,435,000 $ 287,000 $ 101,000
Broomfield County Colorado 4 $ 1,520,000 $ 380,000 $ 116,000
Hernando County Florida 4 $ 400,000 $ 100,000 $ 45,000
Osceola County Florida 4 $ 1,140,000 $ 285,000 $ 57,000
Idaho County Idaho 4 $ 770,000 $ 192,000 $ 47,000
Valley County Idaho 4 $ 650,000 $ 162,000 $ 43,000
Middlesex County New Jersey 4 $ 940,000 $ 235,000 $ 76,000
Passaic County New Jersey 4 $ 1,230,000 $ 307,000 $ 73,000
Chester County Pennsylvania 4 $ 1,230,000 $ 307,000 $ 97,000
Dauphin County Pennsylvania 4 $ 380,000 $ 95,000 $ 34,000
Caroline County Virginia 4 $ 690,000 $ 172,000 $ 76,000
Loudoun County Virginia 4 $ 1,540,000 $ 385,000 $ 118,000
Waynesboro County Virginia 4 $ 710,000 $ 177,000 $ 78,000
Pend Oreille County Washington 4 $ 420,000 $ 105,000 $ 65,000
Yakima County Washington 4 $ 1,050,000 $ 262,000 $ 59,000
Douglas County Wisconsin 4 $ 730,000 $ 182,000 $ 58,000
Contra Costa County California 3 $ 1,025,000 $ 341,000 $ 103,000
Kern County California 3 $ 745,000 $ 248,000 $ 109,000
Santa Clara County California 3 $ 1,245,000 $ 415,000 $ 121,000
Ventura County California 3 $ 1,825,000 $ 608,000 $ 108,000
Charlotte County Florida 3 $ 695,000 $ 231,000 $ 117,000
Lake County Florida 3 $ 665,000 $ 221,000 $ 53,000
Sarasota County Florida 3 $ 685,000 $ 228,000 $ 115,000
St. Johns County Florida 3 $ 865,000 $ 288,000 $ 94,000
Adams County Idaho 3 $ 365,000 $ 121,000 $ 45,000
Cassia County Idaho 3 $ 705,000 $ 235,000 $ 69,000
Dodge County Minnesota 3 $ 625,000 $ 208,000 $ 71,000
Morrison County Minnesota 3 $ 285,000 $ 95,000 $ 78,000
Mower County Minnesota 3 $ 425,000 $ 141,000 $ 89,000
Winona County Minnesota 3 $ 355,000 $ 118,000 $ 58,000
Essex County New Jersey 3 $ 855,000 $ 285,000 $ 80,000
Warren County New Jersey 3 $ 515,000 $ 171,000 $ 109,000
Luzerne County Pennsylvania 3 $ 575,000 $ 191,000 $ 60,000
Martinsville County Virginia 3 $ 245,000 $ 81,000 $ 42,000
Pierce County Washington 3 $ 935,000 $ 311,000 $ 109,000
Burnett County Wisconsin 3 $ 495,000 $ 165,000 $ 182,000
Santa Cruz County California 2 $ 1,290,000 $ 645,000 $ 158,000
Larimer County Colorado 2 $ 800,000 $ 400,000 $ 150,000
Mesa County Colorado 2 $ 370,000 $ 185,000 $ 144,000
Bay County Florida 2 $ 350,000 $ 175,000 $ 98,000
Broward County Florida 2 $ 610,000 $ 305,000 $ 80,000
Indian River County Florida 2 $ 560,000 $ 280,000 $ 122,000
Palm Beach County Florida 2 $ 440,000 $ 220,000 $ 137,000
Kanabec County Minnesota 2 $ 200,000 $ 100,000 $ 79,000
Otter Tail County Minnesota 2 $ 250,000 $ 125,000 $ 91,000
Sibley County Minnesota 2 $ 500,000 $ 250,000 $ 122,000
Todd County Minnesota 2 $ 320,000 $ 160,000 $ 140,000
Wabasha County Minnesota 2 $ 230,000 $ 115,000 $ 60,000
Wadena County Minnesota 2 $ 440,000 $ 220,000 $ 54,000
Cape May County New Jersey 2 $ 340,000 $ 170,000 $ 138,000
Gloucester County New Jersey 2 $ 510,000 $ 255,000 $ 62,000
Mercer County New Jersey 2 $ 420,000 $ 210,000 $ 72,000
Monmouth County New Jersey 2 $ 770,000 $ 385,000 $ 160,000
Morris County New Jersey 2 $ 650,000 $ 325,000 $ 78,000
Somerset County New Jersey 2 $ 940,000 $ 470,000 $ 144,000
Marion County Oregon 2 $ 370,000 $ 185,000 $ 78,000
Multnomah County Oregon 2 $ 720,000 $ 360,000 $ 198,000
Bradford County Pennsylvania 2 $ 310,000 $ 155,000 $ 49,000
Lancaster County Pennsylvania 2 $ 130,000 $ 65,000 $ 33,000
Dallas County Texas 2 $ 460,000 $ 230,000 $ 74,000
Appomattox County Virginia 2 $ 220,000 $ 110,000 $ 39,000
Orange County Virginia 2 $ 900,000 $ 450,000 $ 196,000
Page County Virginia 2 $ 320,000 $ 160,000 $ 39,000
Prince Edward County Virginia 2 $ 50,000 $ 25,000 $ 12,000
Roanoke County Virginia 2 $ 390,000 $ 195,000 $ 63,000
Shenandoah County Virginia 2 $ 200,000 $ 100,000 $ 95,000
Adams County Washington 2 $ 240,000 $ 120,000 $ 62,000
Spokane County Washington 2 $ 570,000 $ 285,000 $ 95,000
Adams County Wisconsin 2 $ 330,000 $ 165,000 $ 60,000
Dunn County Wisconsin 2 $ 370,000 $ 185,000 $ 71,000
Milwaukee County Wisconsin 2 $ 540,000 $ 270,000 $ 112,000
Pierce County Wisconsin 2 $ 450,000 $ 225,000 $ 82,000
Rock County Wisconsin 2 $ 400,000 $ 200,000 $ 63,000
Sawyer County Wisconsin 2 $ 450,000 $ 225,000 $ 228,000
San Francisco County California 1 $ 635,000 $ 635,000 $ 46,000
San Joaquin County California 1 $ 485,000 $ 485,000 $ 140,000
Yolo County California 1 $ 375,000 $ 375,000 $ 134,000
Clear Creek County Colorado 1 $ 335,000 $ 335,000 $ 101,000
Grand County Colorado 1 $ 145,000 $ 145,000 $ 40,000
Lake County Colorado 1 $ 175,000 $ 175,000 $ 86,000
Montrose County Colorado 1 $ 325,000 $ 325,000 $ 115,000
Morgan County Colorado 1 $ 195,000 $ 195,000 $ 95,000
Park County Colorado 1 $ 315,000 $ 315,000 $ 132,000
Teller County Colorado 1 $ 315,000 $ 315,000 $ 90,000
Bradford County Florida 1 $ 165,000 $ 165,000 $ 60,000
Brevard County Florida 1 $ 325,000 $ 325,000 $ 140,000
Citrus County Florida 1 $ 205,000 $ 205,000 $ 72,000
Flagler County Florida 1 $ 145,000 $ 145,000 $ 95,000
Marion County Florida 1 $ 355,000 $ 355,000 $ 447,000
Miami-Dade County Florida 1 $ 1,175,000 $ 1,175,000 $ 392,000
Monroe County Florida 1 $ 335,000 $ 335,000 $ 42,000
Jefferson County Idaho 1 $ 205,000 $ 205,000 $ 81,000
Payette County Idaho 1 $ 255,000 $ 255,000 $ 65,000
Washington County Idaho 1 $ 65,000 $ 65,000 $ 22,000
Becker County Minnesota 1 $ 335,000 $ 335,000 $ 138,000
Blue Earth County Minnesota 1 $ 425,000 $ 425,000 $ 371,000
Cook County Minnesota 1 $ 115,000 $ 115,000 $ 68,000
Douglas County Minnesota 1 $ 265,000 $ 265,000 $ 57,000
Freeborn County Minnesota 1 $ 145,000 $ 145,000 $ 55,000
Grant County Minnesota 1 $ 145,000 $ 145,000 $ 77,000
Houston County Minnesota 1 $ 345,000 $ 345,000 $ 120,000
Kandiyohi County Minnesota 1 $ 115,000 $ 115,000 $ 39,000
Meeker County Minnesota 1 $ 295,000 $ 295,000 $ 233,000
Nicollet County Minnesota 1 $ 95,000 $ 95,000 $ 47,000
Pope County Minnesota 1 $ 395,000 $ 395,000 $ 313,000
Roseau County Minnesota 1 $ 165,000 $ 165,000 $ 120,000
Steele County Minnesota 1 $ 175,000 $ 175,000 $ 125,000
Waseca County Minnesota 1 $ 145,000 $ 145,000 $ 32,000
Atlantic County New Jersey 1 $ 215,000 $ 215,000 $ 73,000
Ocean County New Jersey 1 $ 125,000 $ 125,000 $ 49,000
Salem County New Jersey 1 $ 205,000 $ 205,000 $ 70,000
Sussex County New Jersey 1 $ 205,000 $ 205,000 $ 76,000
Jefferson County Oregon 1 $ 135,000 $ 135,000 $ 29,000
Lane County Oregon 1 $ 135,000 $ 135,000 $ 46,000
Linn County Oregon 1 $ 275,000 $ 275,000 $ 129,000
Clinton County Pennsylvania 1 $ 155,000 $ 155,000 $ 102,000
Columbia County Pennsylvania 1 $ 175,000 $ 175,000 $ 50,000
York County Pennsylvania 1 $ 235,000 $ 235,000 $ 95,000
Collin County Texas 1 $ 235,000 $ 235,000 $ 69,000
Denton County Texas 1 $ 235,000 $ 235,000 $ 99,000
Harris County Texas 1 $ 235,000 $ 235,000 $ 168,000
Travis County Texas 1 $ 265,000 $ 265,000 $ 393,000
Alexandria County Virginia 1 $ 275,000 $ 275,000 $ 90,000
Buckingham County Virginia 1 $ 135,000 $ 135,000 $ 35,000
Chesapeake County Virginia 1 $ 205,000 $ 205,000 $ 0
Essex County Virginia 1 $ 275,000 $ 275,000 $ 69,000
Fairfax County Virginia 1 $ 255,000 $ 255,000 $ 530,000
Fauquier County Virginia 1 $ 505,000 $ 505,000 $ 139,000
Fluvanna County Virginia 1 $ 285,000 $ 285,000 $ 74,000
Frederick County Virginia 1 $ 225,000 $ 225,000 $ 100,000
Louisa County Virginia 1 $ 255,000 $ 255,000 $ 95,000
Manassas Park County Virginia 1 $ 375,000 $ 375,000 $ 113,000
Pittsylvania County Virginia 1 $ 85,000 $ 85,000 $ 50,000
Richmond County Virginia 1 $ 195,000 $ 195,000 $ 60,000
Staunton County Virginia 1 $ 135,000 $ 135,000 $ 41,000
Wythe County Virginia 1 $ 115,000 $ 115,000 $ 61,000
Chelan County Washington 1 $ 375,000 $ 375,000 $ 57,000
Bayfield County Wisconsin 1 $ 175,000 $ 175,000 $ 51,000
Chippewa County Wisconsin 1 $ 85,000 $ 85,000 $ 85,000
Dane County Wisconsin 1 $ 325,000 $ 325,000 $ 123,000
Door County Wisconsin 1 $ 125,000 $ 125,000 $ 53,000
Eau Claire County Wisconsin 1 $ 155,000 $ 155,000 $ 53,000
La Crosse County Wisconsin 1 $ 135,000 $ 135,000 $ 66,000
Marathon County Wisconsin 1 $ 385,000 $ 385,000 $ 126,000
Outagamie County Wisconsin 1 $ 185,000 $ 185,000 $ 140,000
Racine County Wisconsin 1 $ 255,000 $ 255,000 $ 118,000
Sauk County Wisconsin 1 $ 255,000 $ 255,000 $ 87,000
Washburn County Wisconsin 1 $ 265,000 $ 265,000 $ 182,000
Waukesha County Wisconsin 1 $ 205,000 $ 205,000 $ 60,000

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.

Mortgage Loan Application Detail Totals for Summit Mortgage Corporation in 2019

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 2,975 $642,475,000 $215,000 $1,175,000 $97,000 $1,081,000
Refinancing 689 $203,855,000 $295,000 $1,535,000 $113,000 $1,098,000
Cash-out Refinancing 499 $134,205,000 $268,000 $1,145,000 $105,000 $725,000
Other Purpose 3 $25,000 $8,000 $15,000 $55,000 $59,000
Home Improvement 0 $0 $0 $0 $0 $0
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 2,922 $705,590,000 $241,000 $1,395,000 $105,000 $1,081,000
Not Provided 565 $126,295,000 $223,000 $695,000 $98,000 $1,098,000
Hispanic 363 $82,505,000 $227,000 $1,535,000 $82,000 $667,000
Black or African American 193 $38,135,000 $197,000 $525,000 $75,000 $272,000
Asian 101 $23,505,000 $232,000 $635,000 $95,000 $384,000
American Indian or Alaskan Native 12 $2,570,000 $214,000 $575,000 $78,000 $156,000
Native Hawaiian or Other Pacific Islander 5 $765,000 $153,000 $235,000 $62,000 $136,000
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) 2,976 $714,690,000 $240,000 $1,535,000 $111,000 $1,098,000
FHA-insured (Federal Housing Administration) 840 $185,330,000 $220,000 $605,000 $76,000 $725,000
VA-guaranteed (Veterans Administration) 220 $59,200,000 $269,000 $805,000 $75,000 $272,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 130 $21,340,000 $164,000 $315,000 $57,000 $112,000

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 3,092 $714,290,000 $231,000 $1,145,000 $101,000 $1,064,000
Application Withdrawn By Applicant 710 $174,660,000 $246,000 $1,395,000 $104,000 $1,098,000
Application Denied By Financial Institution 222 $53,000,000 $238,000 $1,535,000 $80,000 $487,000
File Closed For Incompleteness 95 $25,545,000 $268,000 $655,000 $103,000 $312,000
Application Approved But Not Accepted 30 $8,390,000 $279,000 $595,000 $127,000 $384,000
Preapproval Approved but not Accepted 17 $4,675,000 $275,000 $455,000 $92,000 $248,000
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 3,944 $927,560,000 $235,000 $1,395,000 $102,000 $1,098,000
Debt-To-Income Ratio 75 $19,985,000 $266,000 $1,535,000 $63,000 $329,000
Credit History 61 $14,725,000 $241,000 $515,000 $95,000 $356,000
Other 28 $5,010,000 $178,000 $495,000 $79,000 $240,000
Collateral 21 $3,725,000 $177,000 $805,000 $95,000 $487,000
Insufficient Cash (Downpayment, Closing Cost) 15 $4,415,000 $294,000 $615,000 $88,000 $158,000
Employment History 11 $2,435,000 $221,000 $485,000 $69,000 $137,000
Unverifiable Information 8 $2,040,000 $255,000 $375,000 $80,000 $132,000
Mortgage Insurance Denied 2 $440,000 $220,000 $245,000 $63,000 $85,000
Credit Application Incomplete 1 $225,000 $225,000 $225,000 $78,000 $78,000

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.

Download the Minnesota Lender List