Think Mutual Bank Mortgage Lending & HMDA Data, 2017
In 2017, Think Mutual Bank of Rochester, MN reported 1,983 mortgage applications totaling $313.0 million, down 11% from 2016. The average application was for $157,850, and applicants reported an average income of $105,922. 78% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Rochester, MN (982), Minneapolis-St. Paul-Bloomington, MN-WI (438) and Chicago-Naperville-Arlington Heights, IL (45) (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 | 1,983 |
| Total Mortgage Loan Application Amount | $313,018,000 |
| Average Mortgage Loan Application Amount | $157,850 |
| Highest Mortgage Loan Application Amount | $1,161,000 |
| Average Applicant Income | $105,922 |
| Highest Applicant Income | $990,000 |
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Act (HMDA) records Think Mutual Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Rochester, MN | 982 | $ 158,236,000 | $ 161,136 | $ 109,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 438 | $ 73,000,000 | $ 166,666 | $ 115,794 |
| Chicago-Naperville-Arlington Heights, IL | 45 | $ 8,465,000 | $ 188,111 | $ 147,000 |
| Kansas City, MO-KS | 23 | $ 2,228,000 | $ 96,869 | $ 79,000 |
| St. Louis, MO-IL | 17 | $ 2,162,000 | $ 127,176 | $ 116,352 |
| Milwaukee-Waukesha-West Allis, WI | 12 | $ 2,136,000 | $ 178,000 | $ 108,000 |
| Phoenix-Mesa-Scottsdale, AZ | 11 | $ 2,571,000 | $ 233,727 | $ 125,000 |
| Duluth, MN-WI | 8 | $ 608,000 | $ 76,000 | $ 86,000 |
| Des Moines-West Des Moines, IA | 6 | $ 569,000 | $ 94,833 | $ 63,000 |
| Elgin, IL | 6 | $ 724,000 | $ 120,666 | $ 129,000 |
| Eau Claire, WI | 5 | $ 537,000 | $ 107,400 | $ 93,000 |
| Omaha-Council Bluffs, NE-IA | 5 | $ 591,000 | $ 118,200 | $ 118,000 |
| Ames, IA | 4 | $ 260,000 | $ 65,000 | $ 103,000 |
| Madison, WI | 4 | $ 506,000 | $ 126,500 | $ 98,000 |
| Tampa-St. Petersburg-Clearwater, FL | 4 | $ 717,000 | $ 179,250 | $ 114,000 |
| Appleton, WI | 3 | $ 665,000 | $ 221,666 | $ 115,000 |
| St. Cloud, MN | 3 | $ 276,000 | $ 92,000 | $ 73,000 |
| Dallas-Plano-Irving, TX | 2 | $ 13,000 | $ 6,500 | $ 125,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 25,000 | $ 12,500 | $ 157,000 |
| Gary, IN | 2 | $ 395,000 | $ 197,500 | $ 104,000 |
| Lake Havasu City-Kingman, AZ | 2 | $ 556,000 | $ 278,000 | $ 400,000 |
| Mankato-North Mankato, MN | 2 | $ 322,000 | $ 161,000 | $ 116,000 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 754,000 | $ 377,000 | $ 176,000 |
| Prescott, AZ | 2 | $ 368,000 | $ 184,000 | $ 84,000 |
| Rapid City, SD | 2 | $ 483,000 | $ 241,500 | $ 119,000 |
| Springfield, IL | 2 | $ 352,000 | $ 176,000 | $ 214,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 2 | $ 284,000 | $ 142,000 | $ 67,000 |
| Wichita, KS | 2 | $ 208,000 | $ 104,000 | $ 55,000 |
| Bellingham, WA | 1 | $ 9,000 | $ 9,000 | $ 42,000 |
| Bismarck, ND | 1 | $ 416,000 | $ 416,000 | $ 152,000 |
| Bloomington, IL | 1 | $ 154,000 | $ 154,000 | $ 82,000 |
| Burlington, NC | 1 | $ 3,000 | $ 3,000 | $ 49,000 |
| Cambridge-Newton-Framingham, MA | 1 | $ 10,000 | $ 10,000 | $ 128,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 125,000 | $ 125,000 | $ 129,000 |
| Carbondale-Marion, IL | 1 | $ 80,000 | $ 80,000 | $ 51,000 |
| Cedar Rapids, IA | 1 | $ 10,000 | $ 10,000 | $ 0 |
| Champaign-Urbana, IL | 1 | $ 5,000 | $ 5,000 | $ 122,000 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 10,000 | $ 10,000 | $ 0 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 338,000 | $ 338,000 | $ 83,000 |
| Denver-Aurora-Lakewood, CO | 1 | $ 10,000 | $ 10,000 | $ 150,000 |
| Evansville, IN-KY | 1 | $ 6,000 | $ 6,000 | $ 43,000 |
| Flagstaff, AZ | 1 | $ 10,000 | $ 10,000 | $ 65,000 |
| Fort Collins, CO | 1 | $ 7,000 | $ 7,000 | $ 0 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 34,000 | $ 34,000 | $ 169,000 |
| Fort Wayne, IN | 1 | $ 210,000 | $ 210,000 | $ 131,000 |
| Green Bay, WI | 1 | $ 80,000 | $ 80,000 | $ 82,000 |
| Indianapolis-Carmel-Anderson, IN | 1 | $ 8,000 | $ 8,000 | $ 53,000 |
| Jacksonville, FL | 1 | $ 9,000 | $ 9,000 | $ 76,000 |
| Janesville-Beloit, WI | 1 | $ 14,000 | $ 14,000 | $ 20,000 |
| Kankakee, IL | 1 | $ 171,000 | $ 171,000 | $ 107,000 |
| La Crosse-Onalaska, WI-MN | 1 | $ 146,000 | $ 146,000 | $ 42,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 20,000 | $ 20,000 | $ 112,000 |
| Lakeland-Winter Haven, FL | 1 | $ 87,000 | $ 87,000 | $ 28,000 |
| Lansing-East Lansing, MI | 1 | $ 10,000 | $ 10,000 | $ 0 |
| Little Rock-North Little Rock-Conway, AR | 1 | $ 10,000 | $ 10,000 | $ 0 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 289,000 | $ 289,000 | $ 160,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 300,000 | $ 300,000 | $ 471,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 224,000 | $ 224,000 | $ 62,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 128,000 | $ 128,000 | $ 60,000 |
| Peoria, IL | 1 | $ 80,000 | $ 80,000 | $ 93,000 |
| Port St. Lucie, FL | 1 | $ 16,000 | $ 16,000 | $ 52,000 |
| Portland-South Portland, ME | 1 | $ 17,000 | $ 17,000 | $ 300,000 |
| Racine, WI | 1 | $ 93,000 | $ 93,000 | $ 43,000 |
| Raleigh, NC | 1 | $ 10,000 | $ 10,000 | $ 209,000 |
| Richmond, VA | 1 | $ 10,000 | $ 10,000 | $ 50,000 |
| Rockford, IL | 1 | $ 40,000 | $ 40,000 | $ 155,000 |
| Sioux Falls, SD | 1 | $ 74,000 | $ 74,000 | $ 176,000 |
| Spokane-Spokane Valley, WA | 1 | $ 4,000 | $ 4,000 | $ 75,000 |
| Stockton-Lodi, CA | 1 | $ 10,000 | $ 10,000 | $ 0 |
| Topeka, KS | 1 | $ 260,000 | $ 260,000 | $ 123,000 |
| Tucson, AZ | 1 | $ 184,000 | $ 184,000 | $ 188,000 |
| Wausau, WI | 1 | $ 85,000 | $ 85,000 | $ 50,000 |
| Yuma, AZ | 1 | $ 148,000 | $ 148,000 | $ 51,000 |
Mortgage Loan Application Detail Totals for Think Mutual Bank in 2017
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 | 819 | $180,004,000 | $219,000 | $1,161,000 | $103,000 | $970,000 |
| Refinancing | 639 | $117,041,000 | $183,000 | $1,160,000 | $117,000 | $990,000 |
| Home Improvement | 525 | $15,973,000 | $30,000 | $920,000 | $97,000 | $930,000 |
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 | 1,632 | $254,783,000 | $156,000 | $1,161,000 | $105,000 | $970,000 |
| Not Provided | 213 | $34,815,000 | $163,000 | $805,000 | $116,000 | $990,000 |
| Asian | 59 | $10,895,000 | $184,000 | $892,000 | $105,000 | $565,000 |
| Hispanic | 42 | $6,871,000 | $163,000 | $990,000 | $97,000 | $588,000 |
| Black or African American | 31 | $4,625,000 | $149,000 | $400,000 | $89,000 | $286,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $441,000 | $147,000 | $179,000 | $50,000 | $65,000 |
| Not applicable | 3 | $588,000 | $196,000 | $360,000 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 1,983 | $313,018,000 | $157,000 | $1,161,000 | $106,000 | $990,000 |
| 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 | 1,549 | $233,455,000 | $150,000 | $1,161,000 | $111,000 | $990,000 |
| Application Approved But Not Accepted | 162 | $33,593,000 | $207,000 | $1,160,000 | $121,000 | $930,000 |
| Preapproval Denied by Financial Institution | 155 | $24,043,000 | $155,000 | $500,000 | $51,000 | $242,000 |
| Application Denied By Financial Institution | 66 | $12,747,000 | $193,000 | $990,000 | $74,000 | $588,000 |
| Application Withdrawn By Applicant | 33 | $6,333,000 | $191,000 | $565,000 | $101,000 | $275,000 |
| File Closed For Incompleteness | 18 | $2,847,000 | $158,000 | $495,000 | $88,000 | $286,000 |
| 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 | 113 | $19,587,000 | $173,000 | $592,000 | $49,000 | $175,000 |
| Credit History | 82 | $12,019,000 | $146,000 | $500,000 | $64,000 | $275,000 |
| Employment History | 11 | $1,678,000 | $152,000 | $310,000 | $26,000 | $73,000 |
| Collateral | 9 | $2,807,000 | $311,000 | $990,000 | $168,000 | $588,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $495,000 | $123,000 | $194,000 | $40,000 | $65,000 |
| Unverifiable Information | 2 | $204,000 | $102,000 | $104,000 | $10,000 | $21,000 |
| Credit Application Incomplete | 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 2017 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.
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