The Business Bank
Mortgage Loan Application
Totals and Details
for 2008
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 The Business Bank.
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 | The Business Bank 11100 Wayzata Blvd Suite 150 Minnetonka, MN 55305 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 2,095 |
| Total Mortgage Loan Application Amount | $472,540,000 |
| Average Mortgage Loan Application Amount | $171,333 |
| Highest Mortgage Loan Application Amount | $1,388,000 |
| Average Applicant Income | $104,333 |
| Highest Applicant Income | $2,436,000 |
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 | 767 | $ 182,523,000 | $ 237,000 | $ 111,000 |
| Anoka County Minnesota | 224 | $ 44,881,000 | $ 200,000 | $ 87,000 |
| Ramsey County Minnesota | 214 | $ 44,650,000 | $ 208,000 | $ 122,000 |
| Dakota County Minnesota | 164 | $ 37,848,000 | $ 230,000 | $ 99,000 |
| Washington County Minnesota | 110 | $ 26,809,000 | $ 243,000 | $ 123,000 |
| Wright County Minnesota | 86 | $ 19,704,000 | $ 229,000 | $ 85,000 |
| Scott County Minnesota | 68 | $ 16,864,000 | $ 248,000 | $ 105,000 |
| Sherburne County Minnesota | 59 | $ 11,960,000 | $ 202,000 | $ 81,000 |
| Carver County Minnesota | 58 | $ 15,994,000 | $ 275,000 | $ 129,000 |
| Olmsted County Minnesota | 36 | $ 6,352,000 | $ 176,000 | $ 94,000 |
| Isanti County Minnesota | 21 | $ 3,551,000 | $ 169,000 | $ 76,000 |
| Steele County Minnesota | 20 | $ 3,547,000 | $ 177,000 | $ 95,000 |
| Cass County Minnesota | 19 | $ 4,649,000 | $ 244,000 | $ 135,000 |
| Stearns County Minnesota | 19 | $ 3,208,000 | $ 168,000 | $ 77,000 |
| Chisago County Minnesota | 17 | $ 3,182,000 | $ 187,000 | $ 75,000 |
| Crow Wing County Minnesota | 15 | $ 3,968,000 | $ 264,000 | $ 172,000 |
| St. Louis County Minnesota | 14 | $ 2,598,000 | $ 185,000 | $ 146,000 |
| St. Croix County Wisconsin | 13 | $ 3,189,000 | $ 245,000 | $ 127,000 |
| Cook County Minnesota | 12 | $ 3,936,000 | $ 328,000 | $ 149,000 |
| Goodhue County Minnesota | 9 | $ 1,660,000 | $ 184,000 | $ 59,000 |
| Rice County Minnesota | 9 | $ 1,576,000 | $ 175,000 | $ 80,000 |
| Itasca County Minnesota | 8 | $ 1,431,000 | $ 178,000 | $ 85,000 |
| Mille Lacs County Minnesota | 8 | $ 1,446,000 | $ 180,000 | $ 82,000 |
| Douglas County Minnesota | 7 | $ 1,454,000 | $ 207,000 | $ 109,000 |
| Freeborn County Minnesota | 7 | $ 985,000 | $ 140,000 | $ 58,000 |
| Pierce County Wisconsin | 7 | $ 1,395,000 | $ 199,000 | $ 155,000 |
| Sawyer County Wisconsin | 6 | $ 1,603,000 | $ 267,000 | $ 157,000 |
| Sibley County Minnesota | 5 | $ 756,000 | $ 151,000 | $ 73,000 |
| Benton County Minnesota | 4 | $ 505,000 | $ 126,000 | $ 46,000 |
| Le Sueur County Minnesota | 4 | $ 1,491,000 | $ 372,000 | $ 72,000 |
| Morrison County Minnesota | 4 | $ 1,061,000 | $ 265,000 | $ 87,000 |
| Pine County Minnesota | 4 | $ 634,000 | $ 158,000 | $ 182,000 |
| Chippewa County Wisconsin | 4 | $ 1,230,000 | $ 307,000 | $ 237,000 |
| Polk County Wisconsin | 4 | $ 1,017,000 | $ 254,000 | $ 357,000 |
| Washburn County Wisconsin | 4 | $ 556,000 | $ 139,000 | $ 111,000 |
| Denver County Colorado | 3 | $ 581,000 | $ 193,000 | $ 44,000 |
| Lee County Florida | 3 | $ 1,085,000 | $ 361,000 | $ 404,000 |
| Aitkin County Minnesota | 3 | $ 803,000 | $ 267,000 | $ 161,000 |
| Hubbard County Minnesota | 3 | $ 613,000 | $ 204,000 | $ 65,000 |
| McLeod County Minnesota | 3 | $ 753,000 | $ 251,000 | $ 80,000 |
| Wabasha County Minnesota | 3 | $ 396,000 | $ 132,000 | $ 38,000 |
| Bayfield County Wisconsin | 3 | $ 1,057,000 | $ 352,000 | $ 139,000 |
| Summit County Colorado | 2 | $ 637,000 | $ 318,000 | $ 210,000 |
| Fillmore County Minnesota | 2 | $ 404,000 | $ 202,000 | $ 84,000 |
| Lake County Minnesota | 2 | $ 164,000 | $ 82,000 | $ 61,000 |
| Mower County Minnesota | 2 | $ 315,000 | $ 157,000 | $ 181,000 |
| Waseca County Minnesota | 2 | $ 393,000 | $ 196,000 | $ 57,000 |
| Burnett County Wisconsin | 2 | $ 410,000 | $ 205,000 | $ 149,000 |
| Maricopa County Arizona | 1 | $ 131,000 | $ 131,000 | $ 70,000 |
| Mohave County Arizona | 1 | $ 176,000 | $ 176,000 | $ 32,000 |
| Eagle County Colorado | 1 | $ 400,000 | $ 400,000 | $ 140,000 |
| Jefferson County Colorado | 1 | $ 393,000 | $ 393,000 | $ 200,000 |
| Routt County Colorado | 1 | $ 409,000 | $ 409,000 | $ 129,000 |
| Brevard County Florida | 1 | $ 160,000 | $ 160,000 | $ 264,000 |
| Lake County Florida | 1 | $ 301,000 | $ 301,000 | $ 179,000 |
| Sumter County Florida | 1 | $ 100,000 | $ 100,000 | $ 88,000 |
| Dallas County Iowa | 1 | $ 44,000 | $ 44,000 | $ 18,000 |
| Blue Earth County Minnesota | 1 | $ 118,000 | $ 118,000 | $ 75,000 |
| Carlton County Minnesota | 1 | $ 221,000 | $ 221,000 | $ 49,000 |
| Clay County Minnesota | 1 | $ 142,000 | $ 142,000 | $ 48,000 |
| Dodge County Minnesota | 1 | $ 115,000 | $ 115,000 | $ 18,000 |
| Faribault County Minnesota | 1 | $ 112,000 | $ 112,000 | $ 76,000 |
| Kanabec County Minnesota | 1 | $ 409,000 | $ 409,000 | $ 126,000 |
| Kandiyohi County Minnesota | 1 | $ 417,000 | $ 417,000 | $ 309,000 |
| Meeker County Minnesota | 1 | $ 97,000 | $ 97,000 | $ 50,000 |
| Nicollet County Minnesota | 1 | $ 156,000 | $ 156,000 | $ 40,000 |
| Otter Tail County Minnesota | 1 | $ 417,000 | $ 417,000 | $ 98,000 |
| Pennington County Minnesota | 1 | $ 205,000 | $ 205,000 | $ 67,000 |
| Todd County Minnesota | 1 | $ 75,000 | $ 75,000 | $ 73,000 |
| Gallatin County Montana | 1 | $ 417,000 | $ 417,000 | $ 150,000 |
| Cass County North Dakota | 1 | $ 60,000 | $ 60,000 | $ 78,000 |
| Kitsap County Washington | 1 | $ 276,000 | $ 276,000 | $ 71,000 |
| Adams County Wisconsin | 1 | $ 232,000 | $ 232,000 | $ 235,000 |
| Barron County Wisconsin | 1 | $ 175,000 | $ 175,000 | $ 135,000 |
| Douglas County Wisconsin | 1 | $ 141,000 | $ 141,000 | $ 75,000 |
| Eau Claire County Wisconsin | 1 | $ 155,000 | $ 155,000 | $ 116,000 |
| Forest County Wisconsin | 1 | $ 257,000 | $ 257,000 | $ 359,000 |
| Ozaukee County Wisconsin | 1 | $ 142,000 | $ 142,000 | $ 74,000 |
| Waukesha County Wisconsin | 1 | $ 163,000 | $ 163,000 | $ 46,000 |
| Uinta County Wyoming | 1 | $ 100,000 | $ 100,000 | $ 164,000 |
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 The Business Bank in 2008
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 | 1,081 | $264,172,000 | $244,000 | $1,059,000 | $114,000 | $2,436,000 |
| Home Purchase | 1,013 | $208,303,000 | $205,000 | $1,388,000 | $101,000 | $1,535,000 |
| Home Improvement | 1 | $65,000 | $65,000 | $65,000 | $98,000 | $98,000 |
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 | 1,922 | $437,386,000 | $227,000 | $1,388,000 | $109,000 | $2,436,000 |
| Not Provided | 76 | $16,656,000 | $219,000 | $417,000 | $125,000 | $1,535,000 |
| Asian | 38 | $6,785,000 | $178,000 | $368,000 | $75,000 | $199,000 |
| Hispanic | 22 | $4,367,000 | $198,000 | $321,000 | $74,000 | $167,000 |
| Black or African American | 20 | $3,334,000 | $166,000 | $416,000 | $59,000 | $178,000 |
| Not applicable | 7 | $2,028,000 | $289,000 | $1,040,000 | $0 | $0 |
| American Indian or Alaskan Native | 5 | $779,000 | $155,000 | $215,000 | $41,000 | $59,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $1,205,000 | $241,000 | $417,000 | $75,000 | $164,000 |
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) | 1,963 | $445,805,000 | $227,000 | $1,388,000 | $111,000 | $2,436,000 |
| FHA-insured (Federal Housing Administration) | 98 | $19,032,000 | $194,000 | $369,000 | $59,000 | $452,000 |
| VA-guaranteed (Veterans Administration) | 33 | $7,569,000 | $229,000 | $343,000 | $73,000 | $178,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $134,000 | $134,000 | $134,000 | $44,000 | $44,000 |
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 | 2,010 | $454,626,000 | $226,000 | $1,388,000 | $107,000 | $1,917,000 |
| Application Withdrawn By Applicant | 47 | $10,302,000 | $219,000 | $417,000 | $144,000 | $2,436,000 |
| Application Approved But Not Accepted | 26 | $5,435,000 | $209,000 | $417,000 | $87,000 | $235,000 |
| Application Denied By Financial Institution | 11 | $2,029,000 | $184,000 | $350,000 | $70,000 | $146,000 |
| File Closed For Incompleteness | 1 | $148,000 | $148,000 | $148,000 | $63,000 | $63,000 |
| 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 | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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.