Think Mutual Bank Mortgage Lending & HMDA Data, 2016

In 2016, Think Mutual Bank of Rochester, MN reported 2,230 mortgage applications totaling $357.3 million, down 4% from 2015. The average application was for $160,245, and applicants reported an average income of $104,623. 80% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Rochester, MN (1,197), Minneapolis-St. Paul-Bloomington, MN-WI (493) and Chicago-Naperville-Arlington Heights, IL (78) (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 2,230
Total Mortgage Loan Application Amount $357,348,000
Average Mortgage Loan Application Amount $160,245
Highest Mortgage Loan Application Amount $4,026,000
Average Applicant Income $104,623
Highest Applicant Income $1,074,000

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Act (HMDA) records Think Mutual Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2016

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Olmsted, Minnesota 1,021 $ 168,562,000 $ 165,095 $ 101,000
Hennepin, Minnesota 191 $ 36,038,000 $ 188,680 $ 118,000
Dakota, Minnesota 119 $ 19,039,000 $ 159,991 $ 118,000
Dodge, Minnesota 86 $ 10,581,000 $ 123,034 $ 85,000
Goodhue, Minnesota 68 $ 9,779,000 $ 143,808 $ 94,000
Wabasha, Minnesota 63 $ 8,174,000 $ 129,746 $ 91,000
Ramsey, Minnesota 58 $ 9,267,000 $ 159,775 $ 105,000
Cook, Illinois 52 $ 7,770,000 $ 149,423 $ 138,000
Washington, Minnesota 34 $ 6,410,000 $ 188,529 $ 130,000
Fillmore, Minnesota 27 $ 2,271,000 $ 84,111 $ 63,000
Mower, Minnesota 23 $ 2,609,000 $ 113,434 $ 81,000
Scott, Minnesota 23 $ 5,822,000 $ 253,130 $ 122,000
Anoka, Minnesota 20 $ 3,076,000 $ 153,800 $ 105,000
Winona, Minnesota 17 $ 1,805,000 $ 106,176 $ 64,000
Rice, Minnesota 16 $ 2,681,000 $ 167,562 $ 113,000
Jackson, Missouri 15 $ 1,517,000 $ 101,133 $ 82,000
Maricopa, Arizona 14 $ 3,365,000 $ 240,357 $ 117,000
DuPage, Illinois 14 $ 2,525,000 $ 180,357 $ 101,000
Steele, Minnesota 14 $ 1,274,000 $ 91,000 $ 92,000
Wright, Minnesota 12 $ 1,669,000 $ 139,083 $ 134,000
St. Croix, Wisconsin 12 $ 2,098,000 $ 174,833 $ 101,000
Carver, Minnesota 10 $ 2,635,000 $ 263,500 $ 140,000
Will, Illinois 9 $ 2,578,000 $ 286,444 $ 147,000
St. Louis, Minnesota 9 $ 1,987,000 $ 220,777 $ 135,000
St. Louis, Missouri 9 $ 1,669,000 $ 185,444 $ 82,000
Cass, Minnesota 8 $ 2,036,000 $ 254,500 $ 177,000
Lake, Illinois 7 $ 1,579,000 $ 225,571 $ 134,000
Johnson, Kansas 7 $ 1,142,000 $ 163,142 $ 131,000
Douglas, Nebraska 7 $ 1,088,000 $ 155,428 $ 102,000
Kane, Illinois 6 $ 1,048,000 $ 174,666 $ 135,000
Sherburne, Minnesota 6 $ 1,081,000 $ 180,166 $ 148,000
Milwaukee, Wisconsin 6 $ 829,000 $ 138,166 $ 155,000
Polk, Wisconsin 6 $ 775,000 $ 129,166 $ 143,000
Pima, Arizona 5 $ 1,154,000 $ 230,800 $ 118,000
Orange, Florida 5 $ 834,000 $ 166,800 $ 65,000
Blue Earth, Minnesota 5 $ 1,072,000 $ 214,400 $ 87,000
St. Charles, Missouri 5 $ 610,000 $ 122,000 $ 90,000
Bayfield, Wisconsin 5 $ 1,028,000 $ 205,600 $ 122,000
Lee, Florida 4 $ 373,000 $ 93,250 $ 105,000
Aitkin, Minnesota 4 $ 535,000 $ 133,750 $ 78,000
Hubbard, Minnesota 4 $ 515,000 $ 128,750 $ 100,000
Greene, Missouri 4 $ 238,000 $ 59,500 $ 63,000
Minnehaha, South Dakota 4 $ 1,102,000 $ 275,500 $ 93,000
Denali, Alaska 3 $ 65,000 $ 21,666 $ 93,000
Yavapai, Arizona 3 $ 305,000 $ 101,666 $ 87,000
Manatee, Florida 3 $ 661,000 $ 220,333 $ 191,000
Pinellas, Florida 3 $ 256,000 $ 85,333 $ 111,000
Polk, Iowa 3 $ 426,000 $ 142,000 $ 131,000
Sedgwick, Kansas 3 $ 454,000 $ 151,333 $ 116,000
Wyandotte, Kansas 3 $ 193,000 $ 64,333 $ 77,000
Chisago, Minnesota 3 $ 214,000 $ 71,333 $ 66,000
Crow Wing, Minnesota 3 $ 951,000 $ 317,000 $ 107,000
Stearns, Minnesota 3 $ 454,000 $ 151,333 $ 85,000
Watonwan, Minnesota 3 $ 648,000 $ 216,000 $ 63,000
Johnson, Missouri 3 $ 325,000 $ 108,333 $ 108,000
St. Louis City, Missouri 3 $ 277,000 $ 92,333 $ 114,000
Sarpy, Nebraska 3 $ 465,000 $ 155,000 $ 114,000
Lincoln, South Dakota 3 $ 491,000 $ 163,666 $ 175,000
Barron, Wisconsin 3 $ 670,000 $ 223,333 $ 159,000
Burnett, Wisconsin 3 $ 356,000 $ 118,666 $ 104,000
Pierce, Wisconsin 3 $ 610,000 $ 203,333 $ 78,000
Waukesha, Wisconsin 3 $ 638,000 $ 212,666 $ 70,000
Mohave, Arizona 2 $ 620,000 $ 310,000 $ 264,000
Bay, Florida 2 $ 390,000 $ 195,000 $ 107,000
Miami-Dade, Florida 2 $ 645,000 $ 322,500 $ 144,000
Sarasota, Florida 2 $ 278,000 $ 139,000 $ 85,000
Cobb, Georgia 2 $ 14,000 $ 7,000 $ 142,000
Douglas, Illinois 2 $ 250,000 $ 125,000 $ 115,000
Kankakee, Illinois 2 $ 108,000 $ 54,000 $ 29,000
McHenry, Illinois 2 $ 180,000 $ 90,000 $ 157,000
Lake, Indiana 2 $ 493,000 $ 246,500 $ 136,000
Cerro Gordo, Iowa 2 $ 76,000 $ 38,000 $ 59,000
Howard, Iowa 2 $ 216,000 $ 108,000 $ 35,000
Le Sueur, Minnesota 2 $ 876,000 $ 438,000 $ 237,000
Lyon, Minnesota 2 $ 352,000 $ 176,000 $ 87,000
Renville, Minnesota 2 $ 177,000 $ 88,500 $ 51,000
Waseca, Minnesota 2 $ 409,000 $ 204,500 $ 154,000
Clay, Missouri 2 $ 483,000 $ 241,500 $ 226,000
Travis, Texas 2 $ 20,000 $ 10,000 $ 0
Williamson, Texas 2 $ 11,000 $ 5,500 $ 77,000
Calumet, Wisconsin 2 $ 33,000 $ 16,500 $ 82,000
Dane, Wisconsin 2 $ 376,000 $ 188,000 $ 114,000
Eau Claire, Wisconsin 2 $ 341,000 $ 170,500 $ 64,000
Langlade, Wisconsin 2 $ 300,000 $ 150,000 $ 160,000
Pepin, Wisconsin 2 $ 490,000 $ 245,000 $ 343,000
Sawyer, Wisconsin 2 $ 248,000 $ 124,000 $ 142,000
Kern, California 1 $ 3,000 $ 3,000 $ 48,000
Los Angeles, California 1 $ 5,000 $ 5,000 $ 0
Riverside, California 1 $ 8,000 $ 8,000 $ 0
San Bernardino, California 1 $ 5,000 $ 5,000 $ 30,000
San Diego, California 1 $ 20,000 $ 20,000 $ 114,000
San Mateo, California 1 $ 20,000 $ 20,000 $ 780,000
Arapahoe, Colorado 1 $ 50,000 $ 50,000 $ 82,000
Boulder, Colorado 1 $ 15,000 $ 15,000 $ 200,000
Denver, Colorado 1 $ 10,000 $ 10,000 $ 0
Fairfield, Connecticut 1 $ 20,000 $ 20,000 $ 245,000
Brevard, Florida 1 $ 211,000 $ 211,000 $ 52,000
Broward, Florida 1 $ 105,000 $ 105,000 $ 231,000
Citrus, Florida 1 $ 44,000 $ 44,000 $ 150,000
Duval, Florida 1 $ 140,000 $ 140,000 $ 83,000
Hernando, Florida 1 $ 81,000 $ 81,000 $ 125,000
Hillsborough, Florida 1 $ 320,000 $ 320,000 $ 176,000
Lake, Florida 1 $ 114,000 $ 114,000 $ 44,000
Marion, Florida 1 $ 43,000 $ 43,000 $ 29,000
Monroe, Florida 1 $ 338,000 $ 338,000 $ 189,000
Osceola, Florida 1 $ 300,000 $ 300,000 $ 90,000
Sumter, Florida 1 $ 84,000 $ 84,000 $ 98,000
DeKalb, Georgia 1 $ 5,000 $ 5,000 $ 0
Champaign, Illinois 1 $ 65,000 $ 65,000 $ 101,000
Kendall, Illinois 1 $ 209,000 $ 209,000 $ 130,000
Madison, Illinois 1 $ 38,000 $ 38,000 $ 50,000
Piatt, Illinois 1 $ 189,000 $ 189,000 $ 60,000
Williamson, Illinois 1 $ 48,000 $ 48,000 $ 175,000
Winnebago, Illinois 1 $ 103,000 $ 103,000 $ 105,000
Allen, Indiana 1 $ 140,000 $ 140,000 $ 99,000
Kosciusko, Indiana 1 $ 120,000 $ 120,000 $ 99,000
Montgomery, Indiana 1 $ 120,000 $ 120,000 $ 83,000
Black Hawk, Iowa 1 $ 23,000 $ 23,000 $ 61,000
Dallas, Iowa 1 $ 124,000 $ 124,000 $ 52,000
Jasper, Iowa 1 $ 23,000 $ 23,000 $ 76,000
Scott, Iowa 1 $ 55,000 $ 55,000 $ 49,000
Miami, Kansas 1 $ 150,000 $ 150,000 $ 300,000
Prince George's, Maryland 1 $ 2,000 $ 2,000 $ 132,000
Worcester, Massachusetts 1 $ 10,000 $ 10,000 $ 0
Benton, Minnesota 1 $ 216,000 $ 216,000 $ 81,000
Clay, Minnesota 1 $ 173,000 $ 173,000 $ 89,000
Douglas, Minnesota 1 $ 158,000 $ 158,000 $ 51,000
Freeborn, Minnesota 1 $ 80,000 $ 80,000 $ 74,000
Grant, Minnesota 1 $ 110,000 $ 110,000 $ 68,000
Houston, Minnesota 1 $ 5,000 $ 5,000 $ 0
Lake of the Woods, Minnesota 1 $ 107,000 $ 107,000 $ 95,000
Martin, Minnesota 1 $ 70,000 $ 70,000 $ 22,000
McLeod, Minnesota 1 $ 60,000 $ 60,000 $ 149,000
Nicollet, Minnesota 1 $ 427,000 $ 427,000 $ 205,000
Otter Tail, Minnesota 1 $ 114,000 $ 114,000 $ 137,000
Pine, Minnesota 1 $ 103,000 $ 103,000 $ 80,000
Roseau, Minnesota 1 $ 172,000 $ 172,000 $ 70,000
Stevens, Minnesota 1 $ 51,000 $ 51,000 $ 115,000
Traverse, Minnesota 1 $ 58,000 $ 58,000 $ 149,000
Barry, Missouri 1 $ 105,000 $ 105,000 $ 103,000
Benton, Missouri 1 $ 162,000 $ 162,000 $ 52,000
Camden, Missouri 1 $ 152,000 $ 152,000 $ 94,000
Cape Girardeau, Missouri 1 $ 130,000 $ 130,000 $ 39,000
Cass, Missouri 1 $ 226,000 $ 226,000 $ 93,000
Christian, Missouri 1 $ 70,000 $ 70,000 $ 85,000
Franklin, Missouri 1 $ 150,000 $ 150,000 $ 91,000
Morgan, Missouri 1 $ 135,000 $ 135,000 $ 117,000
Taney, Missouri 1 $ 147,000 $ 147,000 $ 49,000
Cass, Nebraska 1 $ 16,000 $ 16,000 $ 57,000
Bernalillo, New Mexico 1 $ 6,000 $ 6,000 $ 32,000
Alexander, North Carolina 1 $ 20,000 $ 20,000 $ 120,000
Cass, North Dakota 1 $ 176,000 $ 176,000 $ 54,000
York, Pennsylvania 1 $ 15,000 $ 15,000 $ 219,000
Beaufort, South Carolina 1 $ 100,000 $ 100,000 $ 302,000
York, South Carolina 1 $ 20,000 $ 20,000 $ 133,000
Fall River, South Dakota 1 $ 222,000 $ 222,000 $ 182,000
Hughes, South Dakota 1 $ 150,000 $ 150,000 $ 114,000
Shelby, Tennessee 1 $ 15,000 $ 15,000 $ 55,000
Denton, Texas 1 $ 20,000 $ 20,000 $ 146,000
Tarrant, Texas 1 $ 8,000 $ 8,000 $ 80,000
Lewis, Washington 1 $ 10,000 $ 10,000 $ 78,000
Brown, Wisconsin 1 $ 211,000 $ 211,000 $ 192,000
Buffalo, Wisconsin 1 $ 10,000 $ 10,000 $ 0
Dodge, Wisconsin 1 $ 10,000 $ 10,000 $ 98,000
Door, Wisconsin 1 $ 150,000 $ 150,000 $ 150,000
Kenosha, Wisconsin 1 $ 97,000 $ 97,000 $ 53,000
La Crosse, Wisconsin 1 $ 114,000 $ 114,000 $ 43,000
Oneida, Wisconsin 1 $ 54,000 $ 54,000 $ 37,000
Outagamie, Wisconsin 1 $ 4,000 $ 4,000 $ 35,000
Portage, Wisconsin 1 $ 2,000 $ 2,000 $ 45,000
Racine, Wisconsin 1 $ 2,000 $ 2,000 $ 105,000
Richland, Wisconsin 1 $ 197,000 $ 197,000 $ 160,000
Trempealeau, Wisconsin 1 $ 506,000 $ 506,000 $ 120,000
Vernon, Wisconsin 1 $ 147,000 $ 147,000 $ 118,000

Mortgage Loan Application Detail Totals for Think Mutual Bank in 2016

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 1,019 $195,189,000 $191,000 $1,100,000 $115,000 $1,074,000
Home Purchase 701 $150,494,000 $214,000 $4,026,000 $106,000 $792,000
Home Improvement 510 $11,665,000 $22,000 $660,000 $82,000 $780,000

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 1,743 $283,692,000 $162,000 $1,100,000 $105,000 $1,074,000
Not Provided 336 $42,970,000 $127,000 $878,000 $106,000 $448,000
Asian 60 $10,906,000 $181,000 $464,000 $109,000 $421,000
Hispanic 39 $6,111,000 $156,000 $732,000 $84,000 $297,000
Black or African American 37 $6,142,000 $166,000 $605,000 $114,000 $504,000
Not applicable 8 $5,924,000 $740,000 $4,026,000 $0 $0
Native Hawaiin or Other Pacific Islander 4 $725,000 $181,000 $311,000 $89,000 $170,000
American Indian or Alaskan Native 3 $878,000 $292,000 $455,000 $185,000 $240,000

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) 2,230 $357,348,000 $160,000 $4,026,000 $105,000 $1,074,000
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 1,789 $270,873,000 $151,000 $4,026,000 $106,000 $1,074,000
Application Approved But Not Accepted 298 $57,617,000 $193,000 $1,080,000 $107,000 $421,000
Application Denied By Financial Institution 88 $17,041,000 $193,000 $605,000 $76,000 $250,000
Application Withdrawn By Applicant 51 $11,137,000 $218,000 $650,000 $117,000 $370,000
Preapproval Denied by Financial Institution 3 $440,000 $146,000 $194,000 $44,000 $57,000
File Closed For Incompleteness 1 $240,000 $240,000 $240,000 $111,000 $111,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 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
Debt-To-Income Ratio 46 $9,655,000 $209,000 $605,000 $70,000 $250,000
Credit History 33 $5,092,000 $154,000 $360,000 $76,000 $195,000
Collateral 6 $1,738,000 $289,000 $440,000 $119,000 $204,000
Employment History 5 $746,000 $149,000 $311,000 $48,000 $130,000
Unverifiable Information 1 $250,000 $250,000 $250,000 $117,000 $117,000
Credit Application Incomplete 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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Think Mutual Bank's 2016 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.
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