Thrivent Federal Credit Union Mortgage Lending & HMDA Data, 2024
In 2024, Thrivent Federal Credit Union of Shakopee, MN reported 468 mortgage applications totaling $70.8 million, down 15% from 2023. The average application was for $151,196, and applicants reported an average income of $126,089. 66% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (58), Appleton, WI (11) and Kansas City, MO-KS (11) (applications in parentheses).
| Mortgage Company & Address | Thrivent Federal Credit Union Shakopee, MN 55379 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 |
| Total Number of Mortgage Applications | 468 |
| Total Mortgage Loan Application Amount | $70,760,000 |
| Average Mortgage Loan Application Amount | $151,196 |
| Highest Mortgage Loan Application Amount | $2,405,000 |
| Average Applicant Income | $126,089 |
| Highest Applicant Income | $1,816,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Thrivent Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Outside any metro area | 85 | $ 12,795,000 | $ 150,529 | $ 122,976 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 58 | $ 7,130,000 | $ 122,931 | $ 127,000 |
| Appleton, WI | 11 | $ 1,215,000 | $ 110,454 | $ 76,000 |
| Kansas City, MO-KS | 11 | $ 865,000 | $ 78,636 | $ 97,909 |
| Oshkosh-Neenah, WI | 10 | $ 1,110,000 | $ 111,000 | $ 76,000 |
| Cleveland, OH | 9 | $ 885,000 | $ 98,333 | $ 92,000 |
| St. Louis, MO-IL | 9 | $ 985,000 | $ 109,444 | $ 97,777 |
| Chicago-Naperville, IL | 8 | $ 1,130,000 | $ 141,250 | $ 98,000 |
| Denver-Aurora-Lakewood, CO | 8 | $ 920,000 | $ 115,000 | $ 129,000 |
| Milwaukee-Waukesha-West Allis, WI | 7 | $ 565,000 | $ 80,714 | $ 94,000 |
| Sioux Falls, SD | 6 | $ 690,000 | $ 115,000 | $ 90,500 |
| Orlando-Kissimmee-Sanford, FL | 5 | $ 1,705,000 | $ 341,000 | $ 304,000 |
| Phoenix-Mesa-Scottsdale, AZ | 5 | $ 495,000 | $ 99,000 | $ 43,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 4 | $ 1,440,000 | $ 360,000 | $ 178,500 |
| Anaheim-Santa Ana-Irvine, CA | 4 | $ 560,000 | $ 140,000 | $ 101,000 |
| Asheville, NC | 4 | $ 760,000 | $ 190,000 | $ 207,000 |
| Atlanta-Sandy Springs-Roswell, GA | 4 | $ 150,000 | $ 37,500 | $ 70,000 |
| Charlotte-Concord-Gastonia, NC-SC | 4 | $ 830,000 | $ 207,500 | $ 95,000 |
| Colorado Springs, CO | 4 | $ 1,330,000 | $ 332,500 | $ 135,000 |
| Dallas-Plano-Irving, TX | 4 | $ 960,000 | $ 240,000 | $ 172,000 |
| Fargo, ND-MN | 4 | $ 480,000 | $ 120,000 | $ 135,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 4 | $ 290,000 | $ 72,500 | $ 127,000 |
| Greensboro-High Point, NC | 4 | $ 210,000 | $ 52,500 | $ 79,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 4 | $ 310,000 | $ 77,500 | $ 65,000 |
| Houston-The Woodlands-Sugar Land, TX | 4 | $ 820,000 | $ 205,000 | $ 71,000 |
| Jacksonville, FL | 4 | $ 590,000 | $ 147,500 | $ 90,000 |
| Lake County-Kenosha County, IL-WI | 4 | $ 520,000 | $ 130,000 | $ 102,000 |
| Las Vegas-Henderson-Paradise, NV | 4 | $ 610,000 | $ 152,500 | $ 117,000 |
| Madison, WI | 4 | $ 670,000 | $ 167,500 | $ 108,000 |
| Omaha-Council Bluffs, NE-IA | 4 | $ 240,000 | $ 60,000 | $ 97,000 |
| San Diego-Carlsbad, CA | 4 | $ 1,800,000 | $ 450,000 | $ 628,000 |
| Sheboygan, WI | 4 | $ 400,000 | $ 100,000 | $ 103,000 |
| Slidell-Mandeville-Covington, LA | 4 | $ 340,000 | $ 85,000 | $ 262,000 |
| Warren-Troy-Farmington Hills, MI | 4 | $ 510,000 | $ 127,500 | $ 103,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 4 | $ 230,000 | $ 57,500 | $ 68,000 |
| Altoona, PA | 3 | $ 125,000 | $ 41,666 | $ 83,000 |
| Billings, MT | 3 | $ 3,295,000 | $ 1,098,333 | $ 440,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 3 | $ 745,000 | $ 248,333 | $ 155,000 |
| Fort Wayne, IN | 3 | $ 285,000 | $ 95,000 | $ 147,000 |
| Grand Forks, ND-MN | 3 | $ 315,000 | $ 105,000 | $ 81,000 |
| Hartford-West Hartford-East Hartford, CT | 3 | $ 975,000 | $ 325,000 | $ 262,000 |
| Lancaster, PA | 3 | $ 455,000 | $ 151,666 | $ 175,000 |
| Little Rock-North Little Rock-Conway, AR | 3 | $ 135,000 | $ 45,000 | $ 395,000 |
| Mankato-North Mankato, MN | 3 | $ 315,000 | $ 105,000 | $ 160,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 3 | $ 325,000 | $ 108,333 | $ 149,000 |
| New York-Jersey City-White Plains, NY-NJ | 3 | $ 155,000 | $ 51,666 | $ 121,000 |
| Newark, NJ-PA | 3 | $ 775,000 | $ 258,333 | $ 208,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 3 | $ 1,165,000 | $ 388,333 | $ 133,000 |
| Rockford, IL | 3 | $ 255,000 | $ 85,000 | $ 179,000 |
| Savannah, GA | 3 | $ 215,000 | $ 71,666 | $ 53,000 |
| Tampa, FL | 3 | $ 355,000 | $ 118,333 | $ 70,000 |
| Topeka, KS | 3 | $ 285,000 | $ 95,000 | $ 55,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 490,000 | $ 245,000 | $ 126,000 |
| Clarksville, TN-KY | 2 | $ 210,000 | $ 105,000 | $ 135,000 |
| Fort Collins, CO | 2 | $ 300,000 | $ 150,000 | $ 160,000 |
| Indianapolis-Carmel-Anderson, IN | 2 | $ 930,000 | $ 465,000 | $ 149,000 |
| Kenosha, WI | 2 | $ 690,000 | $ 345,000 | $ 156,000 |
| Kiryas Joel-Poughkeepsie-Newburgh, NY | 2 | $ 210,000 | $ 105,000 | $ 130,000 |
| La Crosse-Onalaska, WI-MN | 2 | $ 250,000 | $ 125,000 | $ 110,000 |
| Lake County-Porter County-Jasper County, IN | 2 | $ 610,000 | $ 305,000 | $ 177,000 |
| Lakewood-New Brunswick, NJ | 2 | $ 80,000 | $ 40,000 | $ 65,000 |
| Las Cruces, NM | 2 | $ 390,000 | $ 195,000 | $ 91,000 |
| Los Angeles-Long Beach-Glendale, CA | 2 | $ 590,000 | $ 295,000 | $ 85,000 |
| Louisville/Jefferson County, KY-IN | 2 | $ 130,000 | $ 65,000 | $ 96,000 |
| Michigan City-La Porte, IN | 2 | $ 30,000 | $ 15,000 | $ 53,000 |
| Montgomery County-Bucks County-Chester County, PA | 2 | $ 430,000 | $ 215,000 | $ 127,000 |
| Prescott Valley-Prescott, AZ | 2 | $ 130,000 | $ 65,000 | $ 48,000 |
| Raleigh, NC | 2 | $ 170,000 | $ 85,000 | $ 63,000 |
| Riverside-San Bernardino-Ontario, CA | 2 | $ 90,000 | $ 45,000 | $ 115,000 |
| St. Petersburg-Clearwater-Largo, FL | 2 | $ 200,000 | $ 100,000 | $ 51,000 |
| Akron, OH | 1 | $ 55,000 | $ 55,000 | $ 137,000 |
| Arlington-Alexandria-Reston, VA-WV | 1 | $ 45,000 | $ 45,000 | $ 81,000 |
| Austin-Round Rock, TX | 1 | $ 155,000 | $ 155,000 | $ 129,000 |
| Bakersfield, CA | 1 | $ 85,000 | $ 85,000 | $ 253,000 |
| Baltimore-Columbia-Towson, MD | 1 | $ 175,000 | $ 175,000 | $ 65,000 |
| Bay City, MI | 1 | $ 35,000 | $ 35,000 | $ 126,000 |
| Boise City, ID | 1 | $ 35,000 | $ 35,000 | $ 35,000 |
| Boulder, CO | 1 | $ 105,000 | $ 105,000 | $ 66,000 |
| Brownsville-Harlingen, TX | 1 | $ 35,000 | $ 35,000 | $ 59,000 |
| Camden, NJ | 1 | $ 255,000 | $ 255,000 | $ 144,000 |
| Canton-Massillon, OH | 1 | $ 65,000 | $ 65,000 | $ 85,000 |
| Cape Girardeau, MO-IL | 1 | $ 185,000 | $ 185,000 | $ 382,000 |
| Champaign-Urbana, IL | 1 | $ 35,000 | $ 35,000 | $ 151,000 |
| Cincinnati, OH-KY-IN | 1 | $ 275,000 | $ 275,000 | $ 135,000 |
| Dayton-Springfield-Kettering, OH | 1 | $ 235,000 | $ 235,000 | $ 135,000 |
| Detroit-Dearborn-Livonia, MI | 1 | $ 95,000 | $ 95,000 | $ 169,000 |
| El Centro, CA | 1 | $ 25,000 | $ 25,000 | $ 92,000 |
| Elgin, IL | 1 | $ 35,000 | $ 35,000 | $ 43,000 |
| Fort Worth-Arlington, TX | 1 | $ 25,000 | $ 25,000 | $ 139,000 |
| Gettysburg, PA | 1 | $ 25,000 | $ 25,000 | $ 53,000 |
| Grants Pass, OR | 1 | $ 155,000 | $ 155,000 | $ 126,000 |
| Green Bay, WI | 1 | $ 35,000 | $ 35,000 | $ 50,000 |
| Hattiesburg, MS | 1 | $ 45,000 | $ 45,000 | $ 65,000 |
| Kalamazoo-Portage, MI | 1 | $ 55,000 | $ 55,000 | $ 198,000 |
| Lake Havasu City-Kingman, AZ | 1 | $ 565,000 | $ 565,000 | $ 211,000 |
| Lebanon, PA | 1 | $ 25,000 | $ 25,000 | $ 34,000 |
| Lewiston, ID-WA | 1 | $ 315,000 | $ 315,000 | $ 146,000 |
| Lima, OH | 1 | $ 105,000 | $ 105,000 | $ 271,000 |
| Manchester-Nashua, NH | 1 | $ 85,000 | $ 85,000 | $ 167,000 |
| Mansfield, OH | 1 | $ 65,000 | $ 65,000 | $ 81,000 |
| Marietta, GA | 1 | $ 355,000 | $ 355,000 | $ 16,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 105,000 | $ 105,000 | $ 135,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 1 | $ 45,000 | $ 45,000 | $ 45,000 |
| New Orleans-Metairie, LA | 1 | $ 55,000 | $ 55,000 | $ 73,000 |
| Oakland-Hayward-Berkeley, CA | 1 | $ 55,000 | $ 55,000 | $ 97,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 55,000 | $ 55,000 | $ 425,000 |
| Pittsburgh, PA | 1 | $ 45,000 | $ 45,000 | $ 27,000 |
| Racine, WI | 1 | $ 95,000 | $ 95,000 | $ 159,000 |
| Richmond, VA | 1 | $ 55,000 | $ 55,000 | $ 74,000 |
| Rochester, MN | 1 | $ 345,000 | $ 345,000 | $ 134,000 |
| Salem, OR | 1 | $ 2,405,000 | $ 2,405,000 | $ 0 |
| Salt Lake City, UT | 1 | $ 275,000 | $ 275,000 | $ 210,000 |
| San Antonio-New Braunfels, TX | 1 | $ 395,000 | $ 395,000 | $ 100,000 |
| San Francisco-Redwood City-South San Francisco, CA | 1 | $ 205,000 | $ 205,000 | $ 72,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 1 | $ 25,000 | $ 25,000 | $ 120,000 |
| Sandusky, OH | 1 | $ 215,000 | $ 215,000 | $ 66,000 |
| Seattle-Bellevue-Everett, WA | 1 | $ 45,000 | $ 45,000 | $ 88,000 |
| Sebastian-Vero Beach, FL | 1 | $ 515,000 | $ 515,000 | $ 127,000 |
| Sebring, FL | 1 | $ 25,000 | $ 25,000 | $ 83,000 |
| Spartanburg, SC | 1 | $ 95,000 | $ 95,000 | $ 134,000 |
| Trenton, NJ | 1 | $ 75,000 | $ 75,000 | $ 104,000 |
| Tucson, AZ | 1 | $ 45,000 | $ 45,000 | $ 189,000 |
| Tyler, TX | 1 | $ 55,000 | $ 55,000 | $ 63,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 55,000 | $ 55,000 | $ 56,000 |
| Visalia-Porterville, CA | 1 | $ 95,000 | $ 95,000 | $ 48,000 |
| Washington, DC-MD | 1 | $ 65,000 | $ 65,000 | $ 74,000 |
| Waterloo-Cedar Falls, IA | 1 | $ 335,000 | $ 335,000 | $ 130,000 |
| Wausau, WI | 1 | $ 105,000 | $ 105,000 | $ 82,000 |
| Wichita, KS | 1 | $ 55,000 | $ 55,000 | $ 94,000 |
| Wilmington, NC | 1 | $ 275,000 | $ 275,000 | $ 154,000 |
| York-Hanover, PA | 1 | $ 115,000 | $ 115,000 | $ 82,000 |
Mortgage Loan Application Detail Totals for Thrivent Federal Credit Union in 2024
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 Improvement | 146 | $10,040,000 | $68,000 | $505,000 | $106,000 | $448,000 |
| Home Purchase | 142 | $40,470,000 | $285,000 | $1,505,000 | $159,000 | $1,816,000 |
| Other Purpose | 132 | $11,680,000 | $88,000 | $715,000 | $119,000 | $936,000 |
| Cash-out Refinancing | 32 | $7,010,000 | $219,000 | $2,405,000 | $103,000 | $261,000 |
| Refinancing | 16 | $1,560,000 | $97,000 | $235,000 | $122,000 | $269,000 |
| 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 | 372 | $52,580,000 | $141,000 | $1,505,000 | $116,000 | $1,816,000 |
| Not Provided | 50 | $9,590,000 | $191,000 | $765,000 | $198,000 | $936,000 |
| Hispanic | 20 | $2,730,000 | $136,000 | $505,000 | $121,000 | $230,000 |
| Black or African American | 14 | $1,160,000 | $82,000 | $405,000 | $100,000 | $226,000 |
| Asian | 10 | $1,780,000 | $178,000 | $605,000 | $172,000 | $376,000 |
| Not applicable | 2 | $2,920,000 | $1,460,000 | $2,405,000 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 468 | $70,760,000 | $151,000 | $2,405,000 | $126,000 | $1,816,000 |
| 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 | 310 | $44,440,000 | $143,000 | $2,405,000 | $124,000 | $975,000 |
| Application Approved But Not Accepted | 91 | $18,275,000 | $200,000 | $1,505,000 | $147,000 | $1,816,000 |
| Application Denied By Financial Institution | 59 | $6,185,000 | $104,000 | $765,000 | $101,000 | $424,000 |
| Preapproval Approved but not Accepted | 7 | $1,745,000 | $249,000 | $405,000 | $162,000 | $502,000 |
| Preapproval Denied by Financial Institution | 1 | $115,000 | $115,000 | $115,000 | $96,000 | $96,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 408 | $64,460,000 | $157,000 | $2,405,000 | $130,000 | $1,816,000 |
| Debt-To-Income Ratio | 37 | $3,425,000 | $92,000 | $505,000 | $81,000 | $189,000 |
| Credit History | 11 | $735,000 | $66,000 | $215,000 | $135,000 | $360,000 |
| Collateral | 8 | $1,840,000 | $230,000 | $765,000 | $174,000 | $424,000 |
| Other | 3 | $245,000 | $81,000 | $95,000 | $57,000 | $81,000 |
| Employment History | 1 | $55,000 | $55,000 | $55,000 | $39,000 | $39,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Thrivent Federal Credit Union's 2024 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 Thrivent Federal Credit Union'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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