Think Mutual Bank Mortgage Lending & HMDA Data, 2015

In 2015, Think Mutual Bank of Rochester, MN reported 2,335 mortgage applications totaling $369.4 million, up 35% from 2014. The average application was for $158,186, and applicants reported an average income of $100,447. 75% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Rochester, MN (1,227), Minneapolis-St. Paul-Bloomington, MN-WI (571) and Chicago-Naperville-Arlington Heights, IL (73) (applications in parentheses).

Mortgage Company & Address Think Mutual Bank
5200 Members Parkway Nw
Rochester, MN 55901
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  
Total Number of Mortgage Applications 2,335
Total Mortgage Loan Application Amount $369,365,000
Average Mortgage Loan Application Amount $158,186
Highest Mortgage Loan Application Amount $1,600,000
Average Applicant Income $100,447
Highest Applicant Income $947,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Think Mutual Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Think Mutual Bank by County in 2015

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Olmsted, Minnesota 1,048 $ 164,312,000 $ 156,786 $ 97,000
Hennepin, Minnesota 224 $ 46,330,000 $ 206,830 $ 128,000
Dakota, Minnesota 133 $ 24,538,000 $ 184,496 $ 109,000
Dodge, Minnesota 93 $ 12,319,000 $ 132,462 $ 76,000
Ramsey, Minnesota 77 $ 11,651,000 $ 151,311 $ 92,000
Goodhue, Minnesota 63 $ 7,970,000 $ 126,507 $ 81,000
Wabasha, Minnesota 54 $ 6,210,000 $ 115,000 $ 85,000
Cook, Illinois 45 $ 8,081,000 $ 179,577 $ 107,000
Anoka, Minnesota 37 $ 5,914,000 $ 159,837 $ 109,000
Mower, Minnesota 34 $ 2,939,000 $ 86,441 $ 85,000
Washington, Minnesota 34 $ 5,913,000 $ 173,911 $ 111,000
Fillmore, Minnesota 32 $ 2,778,000 $ 86,812 $ 62,000
Winona, Minnesota 20 $ 3,002,000 $ 150,100 $ 76,000
Carver, Minnesota 18 $ 2,787,000 $ 154,833 $ 113,000
Wright, Minnesota 18 $ 2,795,000 $ 155,277 $ 103,000
DuPage, Illinois 14 $ 2,506,000 $ 179,000 $ 101,000
Johnson, Kansas 13 $ 1,680,000 $ 129,230 $ 132,000
Scott, Minnesota 13 $ 3,429,000 $ 263,769 $ 137,000
Steele, Minnesota 13 $ 2,193,000 $ 168,692 $ 98,000
St. Louis, Missouri 13 $ 1,763,000 $ 135,615 $ 86,000
Rice, Minnesota 11 $ 1,987,000 $ 180,636 $ 94,000
St. Louis, Minnesota 11 $ 2,308,000 $ 209,818 $ 188,000
Jackson, Missouri 11 $ 2,196,000 $ 199,636 $ 107,000
Maricopa, Arizona 10 $ 1,342,000 $ 134,200 $ 71,000
Will, Illinois 10 $ 1,859,000 $ 185,900 $ 123,000
St. Charles, Missouri 9 $ 2,013,000 $ 223,666 $ 134,000
Lake, Illinois 7 $ 2,002,000 $ 286,000 $ 212,000
Blue Earth, Minnesota 6 $ 527,000 $ 87,833 $ 87,000
Douglas, Nebraska 6 $ 567,000 $ 94,500 $ 114,000
Dane, Wisconsin 6 $ 1,258,000 $ 209,666 $ 167,000
Sarasota, Florida 5 $ 723,000 $ 144,600 $ 96,000
Marion, Indiana 5 $ 1,357,000 $ 271,400 $ 160,000
Polk, Iowa 5 $ 903,000 $ 180,600 $ 102,000
Cass, Minnesota 5 $ 1,269,000 $ 253,800 $ 235,000
Chisago, Minnesota 5 $ 923,000 $ 184,600 $ 112,000
Freeborn, Minnesota 5 $ 862,000 $ 172,400 $ 81,000
Sherburne, Minnesota 5 $ 462,000 $ 92,400 $ 64,000
Stearns, Minnesota 5 $ 713,000 $ 142,600 $ 80,000
Barron, Wisconsin 5 $ 908,000 $ 181,600 $ 82,000
Burnett, Wisconsin 5 $ 817,000 $ 163,400 $ 159,000
St. Croix, Wisconsin 5 $ 1,139,000 $ 227,800 $ 126,000
Coconino, Arizona 4 $ 534,000 $ 133,500 $ 110,000
Story, Iowa 4 $ 334,000 $ 83,500 $ 103,000
Douglas, Kansas 4 $ 729,000 $ 182,250 $ 129,000
Crow Wing, Minnesota 4 $ 912,000 $ 228,000 $ 157,000
Milwaukee, Wisconsin 4 $ 637,000 $ 159,250 $ 90,000
Sawyer, Wisconsin 4 $ 489,000 $ 122,250 $ 101,000
Waukesha, Wisconsin 4 $ 624,000 $ 156,000 $ 109,000
Duval, Florida 3 $ 586,000 $ 195,333 $ 103,000
Manatee, Florida 3 $ 328,000 $ 109,333 $ 96,000
Kane, Illinois 3 $ 642,000 $ 214,000 $ 133,000
McHenry, Illinois 3 $ 565,000 $ 188,333 $ 151,000
Winnebago, Illinois 3 $ 190,000 $ 63,333 $ 27,000
Wyandotte, Kansas 3 $ 243,000 $ 81,000 $ 65,000
Douglas, Minnesota 3 $ 485,000 $ 161,666 $ 155,000
Houston, Minnesota 3 $ 235,000 $ 78,333 $ 77,000
Itasca, Minnesota 3 $ 426,000 $ 142,000 $ 107,000
Pine, Minnesota 3 $ 463,000 $ 154,333 $ 40,000
Waseca, Minnesota 3 $ 618,000 $ 206,000 $ 115,000
Cass, North Dakota 3 $ 564,000 $ 188,000 $ 121,000
Travis, Texas 3 $ 17,000 $ 5,666 $ 43,000
La Crosse, Wisconsin 3 $ 428,000 $ 142,666 $ 56,000
Ozaukee, Wisconsin 3 $ 440,000 $ 146,666 $ 95,000
Polk, Wisconsin 3 $ 154,000 $ 51,333 $ 81,000
Brevard, Florida 2 $ 314,000 $ 157,000 $ 73,000
Flagler, Florida 2 $ 100,000 $ 50,000 $ 26,000
Sumter, Florida 2 $ 421,000 $ 210,500 $ 55,000
Dallas, Iowa 2 $ 174,000 $ 87,000 $ 115,000
Beltrami, Minnesota 2 $ 68,000 $ 34,000 $ 109,000
Cottonwood, Minnesota 2 $ 99,000 $ 49,500 $ 36,000
Hubbard, Minnesota 2 $ 128,000 $ 64,000 $ 94,000
McLeod, Minnesota 2 $ 534,000 $ 267,000 $ 118,000
Camden, Missouri 2 $ 256,000 $ 128,000 $ 65,000
Lincoln, Missouri 2 $ 229,000 $ 114,500 $ 127,000
Buffalo, Wisconsin 2 $ 96,000 $ 48,000 $ 70,000
Calumet, Wisconsin 2 $ 297,000 $ 148,500 $ 69,000
Dodge, Wisconsin 2 $ 142,000 $ 71,000 $ 77,000
Walworth, Wisconsin 2 $ 522,000 $ 261,000 $ 116,000
Washington, Wisconsin 2 $ 321,000 $ 160,500 $ 61,000
Cochise, Arizona 1 $ 300,000 $ 300,000 $ 96,000
Mohave, Arizona 1 $ 123,000 $ 123,000 $ 101,000
Pima, Arizona 1 $ 26,000 $ 26,000 $ 123,000
Pinal, Arizona 1 $ 75,000 $ 75,000 $ 118,000
Alameda, California 1 $ 13,000 $ 13,000 $ 0
Los Angeles, California 1 $ 12,000 $ 12,000 $ 0
Santa Barbara, California 1 $ 30,000 $ 30,000 $ 95,000
Denver, Colorado 1 $ 7,000 $ 7,000 $ 53,000
Broward, Florida 1 $ 161,000 $ 161,000 $ 138,000
Clay, Florida 1 $ 50,000 $ 50,000 $ 154,000
Collier, Florida 1 $ 312,000 $ 312,000 $ 112,000
Lake, Florida 1 $ 118,000 $ 118,000 $ 136,000
Leon, Florida 1 $ 7,000 $ 7,000 $ 60,000
Miami-Dade, Florida 1 $ 308,000 $ 308,000 $ 163,000
Okaloosa, Florida 1 $ 176,000 $ 176,000 $ 99,000
Pasco, Florida 1 $ 100,000 $ 100,000 $ 89,000
Pinellas, Florida 1 $ 185,000 $ 185,000 $ 115,000
Volusia, Florida 1 $ 172,000 $ 172,000 $ 66,000
Ada, Idaho 1 $ 5,000 $ 5,000 $ 31,000
Jefferson, Idaho 1 $ 10,000 $ 10,000 $ 0
Carroll, Illinois 1 $ 3,000 $ 3,000 $ 115,000
Douglas, Illinois 1 $ 32,000 $ 32,000 $ 69,000
Kendall, Illinois 1 $ 189,000 $ 189,000 $ 132,000
Madison, Illinois 1 $ 81,000 $ 81,000 $ 86,000
McDonough, Illinois 1 $ 280,000 $ 280,000 $ 120,000
Sangamon, Illinois 1 $ 54,000 $ 54,000 $ 194,000
Union, Illinois 1 $ 222,000 $ 222,000 $ 76,000
Hamilton, Indiana 1 $ 136,000 $ 136,000 $ 88,000
Hancock, Indiana 1 $ 74,000 $ 74,000 $ 29,000
Lake, Indiana 1 $ 59,000 $ 59,000 $ 77,000
LaPorte, Indiana 1 $ 29,000 $ 29,000 $ 52,000
Montgomery, Indiana 1 $ 120,000 $ 120,000 $ 83,000
Vigo, Indiana 1 $ 280,000 $ 280,000 $ 183,000
Benton, Iowa 1 $ 130,000 $ 130,000 $ 77,000
Cerro Gordo, Iowa 1 $ 300,000 $ 300,000 $ 185,000
Emmet, Iowa 1 $ 66,000 $ 66,000 $ 92,000
Guthrie, Iowa 1 $ 250,000 $ 250,000 $ 47,000
Linn, Iowa 1 $ 160,000 $ 160,000 $ 70,000
Muscatine, Iowa 1 $ 4,000 $ 4,000 $ 59,000
Wapello, Iowa 1 $ 142,000 $ 142,000 $ 96,000
Winneshiek, Iowa 1 $ 105,000 $ 105,000 $ 43,000
Leavenworth, Kansas 1 $ 121,000 $ 121,000 $ 132,000
Saline, Kansas 1 $ 15,000 $ 15,000 $ 336,000
Shawnee, Kansas 1 $ 165,000 $ 165,000 $ 162,000
Cumberland, Maine 1 $ 15,000 $ 15,000 $ 30,000
Lenawee, Michigan 1 $ 15,000 $ 15,000 $ 38,000
Cook, Minnesota 1 $ 314,000 $ 314,000 $ 153,000
Kandiyohi, Minnesota 1 $ 156,000 $ 156,000 $ 75,000
Le Sueur, Minnesota 1 $ 300,000 $ 300,000 $ 218,000
Lyon, Minnesota 1 $ 90,000 $ 90,000 $ 80,000
Martin, Minnesota 1 $ 60,000 $ 60,000 $ 30,000
Murray, Minnesota 1 $ 65,000 $ 65,000 $ 89,000
Nicollet, Minnesota 1 $ 181,000 $ 181,000 $ 93,000
Otter Tail, Minnesota 1 $ 233,000 $ 233,000 $ 76,000
Adair, Missouri 1 $ 175,000 $ 175,000 $ 103,000
Cass, Missouri 1 $ 103,000 $ 103,000 $ 62,000
Clay, Missouri 1 $ 151,000 $ 151,000 $ 55,000
Harrison, Missouri 1 $ 140,000 $ 140,000 $ 83,000
Hickory, Missouri 1 $ 109,000 $ 109,000 $ 286,000
Jasper, Missouri 1 $ 5,000 $ 5,000 $ 108,000
Jefferson, Missouri 1 $ 57,000 $ 57,000 $ 45,000
Johnson, Missouri 1 $ 9,000 $ 9,000 $ 72,000
Lafayette, Missouri 1 $ 241,000 $ 241,000 $ 132,000
Platte, Missouri 1 $ 100,000 $ 100,000 $ 81,000
St. Louis City, Missouri 1 $ 132,000 $ 132,000 $ 58,000
Cass, Nebraska 1 $ 20,000 $ 20,000 $ 66,000
Saunders, Nebraska 1 $ 60,000 $ 60,000 $ 217,000
Hudson, New Jersey 1 $ 20,000 $ 20,000 $ 0
McKinley, New Mexico 1 $ 3,000 $ 3,000 $ 48,000
Otero, New Mexico 1 $ 10,000 $ 10,000 $ 80,000
Orange, New York 1 $ 15,000 $ 15,000 $ 146,000
Westchester, New York 1 $ 8,000 $ 8,000 $ 233,000
Lincoln, South Dakota 1 $ 166,000 $ 166,000 $ 72,000
Minnehaha, South Dakota 1 $ 30,000 $ 30,000 $ 145,000
Shelby, Tennessee 1 $ 10,000 $ 10,000 $ 62,000
Guadalupe, Texas 1 $ 6,000 $ 6,000 $ 104,000
Lubbock, Texas 1 $ 10,000 $ 10,000 $ 0
Williamson, Texas 1 $ 4,000 $ 4,000 $ 46,000
Rutland, Vermont 1 $ 20,000 $ 20,000 $ 44,000
Chesterfield, Virginia 1 $ 8,000 $ 8,000 $ 142,000
Hanover, Virginia 1 $ 7,000 $ 7,000 $ 0
Adams, Wisconsin 1 $ 60,000 $ 60,000 $ 132,000
Kenosha, Wisconsin 1 $ 67,000 $ 67,000 $ 90,000
Oneida, Wisconsin 1 $ 150,000 $ 150,000 $ 86,000
Pepin, Wisconsin 1 $ 220,000 $ 220,000 $ 90,000
Pierce, Wisconsin 1 $ 131,000 $ 131,000 $ 107,000
Richland, Wisconsin 1 $ 20,000 $ 20,000 $ 113,000
Rock, Wisconsin 1 $ 160,000 $ 160,000 $ 21,000
Rusk, Wisconsin 1 $ 173,000 $ 173,000 $ 0
Washburn, Wisconsin 1 $ 380,000 $ 380,000 $ 297,000
Winnebago, Wisconsin 1 $ 160,000 $ 160,000 $ 71,000

Mortgage Loan Application Detail Totals for Think Mutual Bank 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
Refinancing 1,024 $185,944,000 $181,000 $1,500,000 $107,000 $947,000
Home Purchase 840 $170,787,000 $203,000 $1,600,000 $100,000 $733,000
Home Improvement 471 $12,634,000 $26,000 $396,000 $87,000 $408,000

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 1,913 $314,727,000 $164,000 $1,600,000 $100,000 $760,000
Not Provided 289 $30,097,000 $104,000 $1,114,000 $103,000 $947,000
Asian 60 $11,358,000 $189,000 $1,500,000 $97,000 $506,000
Black or African American 32 $5,105,000 $159,000 $395,000 $102,000 $260,000
Hispanic 27 $5,731,000 $212,000 $840,000 $123,000 $429,000
Not applicable 11 $1,512,000 $137,000 $336,000 $0 $0
American Indian or Alaskan Native 2 $418,000 $209,000 $298,000 $131,000 $226,000
Native Hawaiian or Other Pacific Islander 1 $417,000 $417,000 $417,000 $116,000 $116,000

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) 2,335 $369,365,000 $158,000 $1,600,000 $100,000 $947,000
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 1,756 $266,748,000 $151,000 $1,600,000 $102,000 $947,000
Application Approved But Not Accepted 440 $82,113,000 $186,000 $1,114,000 $101,000 $495,000
Application Denied By Financial Institution 114 $17,054,000 $149,000 $900,000 $73,000 $387,000
Application Withdrawn By Applicant 24 $3,030,000 $126,000 $411,000 $121,000 $391,000
File Closed For Incompleteness 1 $420,000 $420,000 $420,000 $180,000 $180,000
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
Credit History 50 $7,169,000 $143,000 $420,000 $72,000 $200,000
Debt-To-Income Ratio 44 $6,682,000 $151,000 $441,000 $55,000 $184,000
Collateral 15 $2,725,000 $181,000 $900,000 $114,000 $265,000
Insufficient Cash (Downpayment, Closing Cost) 4 $418,000 $104,000 $280,000 $127,000 $387,000
Unverifiable Information 1 $60,000 $60,000 $60,000 $40,000 $40,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Other 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 Think Mutual Bank'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 Think Mutual Bank'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.

Download the Minnesota Lender List