United Prairie Bank Mortgage Lending & HMDA Data, 2010
In 2010, United Prairie Bank of Mankato, MN reported 500 mortgage applications totaling $45.3 million, up 32% from 2009. The average application was for $90,552, and applicants reported an average income of $56,050. 67% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Mankato-North Mankato, MN (57), Minneapolis-St. Paul-Bloomington, MN-WI (9) and Rochester, MN (5) (applications in parentheses).
| Mortgage Company & Address | United Prairie Bank 10 Firestone Drive, Suite 300 Mankato, MN 56001 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 |
| Total Number of Mortgage Applications | 500 |
| Total Mortgage Loan Application Amount | $45,276,000 |
| Average Mortgage Loan Application Amount | $90,552 |
| Highest Mortgage Loan Application Amount | $747,000 |
| Average Applicant Income | $56,050 |
| Highest Applicant Income | $488,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records United Prairie Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Steele, Minnesota | 114 | $ 12,572,000 | $ 110,280 | $ 64,000 |
| Nobles, Minnesota | 70 | $ 5,429,000 | $ 77,557 | $ 52,000 |
| Cottonwood, Minnesota | 55 | $ 3,624,000 | $ 65,890 | $ 39,000 |
| Jackson, Minnesota | 50 | $ 2,773,000 | $ 55,460 | $ 43,000 |
| Blue Earth, Minnesota | 32 | $ 4,372,000 | $ 136,625 | $ 52,000 |
| Kandiyohi, Minnesota | 25 | $ 2,923,000 | $ 116,920 | $ 73,000 |
| Nicollet, Minnesota | 25 | $ 3,480,000 | $ 139,200 | $ 68,000 |
| Waseca, Minnesota | 23 | $ 1,512,000 | $ 65,739 | $ 56,000 |
| Lac qui Parle, Minnesota | 22 | $ 1,212,000 | $ 55,090 | $ 63,000 |
| Brown, Minnesota | 20 | $ 1,731,000 | $ 86,550 | $ 69,000 |
| Murray, Minnesota | 8 | $ 449,000 | $ 56,125 | $ 61,000 |
| Martin, Minnesota | 7 | $ 224,000 | $ 32,000 | $ 41,000 |
| Hennepin, Minnesota | 6 | $ 859,000 | $ 143,166 | $ 44,000 |
| Dodge, Minnesota | 4 | $ 454,000 | $ 113,500 | $ 34,000 |
| Le Sueur, Minnesota | 3 | $ 683,000 | $ 227,666 | $ 137,000 |
| Lincoln, Minnesota | 3 | $ 205,000 | $ 68,333 | $ 49,000 |
| Renville, Minnesota | 3 | $ 59,000 | $ 19,666 | $ 46,000 |
| Watonwan, Minnesota | 3 | $ 136,000 | $ 45,333 | $ 26,000 |
| Volusia, Florida | 2 | $ 304,000 | $ 152,000 | $ 59,000 |
| Lyon, Iowa | 2 | $ 182,000 | $ 91,000 | $ 36,000 |
| Itasca, Minnesota | 2 | $ 252,000 | $ 126,000 | $ 58,000 |
| Lyon, Minnesota | 2 | $ 60,000 | $ 30,000 | $ 22,000 |
| Rice, Minnesota | 2 | $ 333,000 | $ 166,500 | $ 70,000 |
| Yellow Medicine, Minnesota | 2 | $ 44,000 | $ 22,000 | $ 65,000 |
| Osceola, Iowa | 1 | $ 60,000 | $ 60,000 | $ 67,000 |
| Aitkin, Minnesota | 1 | $ 194,000 | $ 194,000 | $ 48,000 |
| Anoka, Minnesota | 1 | $ 73,000 | $ 73,000 | $ 0 |
| Dakota, Minnesota | 1 | $ 133,000 | $ 133,000 | $ 36,000 |
| Douglas, Minnesota | 1 | $ 29,000 | $ 29,000 | $ 106,000 |
| McLeod, Minnesota | 1 | $ 82,000 | $ 82,000 | $ 0 |
| Meeker, Minnesota | 1 | $ 39,000 | $ 39,000 | $ 137,000 |
| Olmsted, Minnesota | 1 | $ 110,000 | $ 110,000 | $ 62,000 |
| Pennington, Minnesota | 1 | $ 63,000 | $ 63,000 | $ 47,000 |
| Sibley, Minnesota | 1 | $ 22,000 | $ 22,000 | $ 0 |
| St. Louis, Minnesota | 1 | $ 145,000 | $ 145,000 | $ 185,000 |
| Stearns, Minnesota | 1 | $ 36,000 | $ 36,000 | $ 91,000 |
| Traverse, Minnesota | 1 | $ 60,000 | $ 60,000 | $ 25,000 |
| Washington, Minnesota | 1 | $ 189,000 | $ 189,000 | $ 73,000 |
| Gregory, South Dakota | 1 | $ 169,000 | $ 169,000 | $ 57,000 |
Mortgage Loan Application Detail Totals for United Prairie Bank in 2010
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 | 222 | $29,627,000 | $133,000 | $747,000 | $62,000 | $488,000 |
| Home Purchase | 147 | $13,215,000 | $89,000 | $380,000 | $48,000 | $335,000 |
| Home Improvement | 131 | $2,434,000 | $18,000 | $245,000 | $55,000 | $255,000 |
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 | 429 | $37,589,000 | $87,000 | $747,000 | $61,000 | $488,000 |
| Not applicable | 29 | $5,044,000 | $173,000 | $632,000 | $0 | $0 |
| Hispanic | 25 | $1,370,000 | $54,000 | $116,000 | $30,000 | $56,000 |
| Asian | 12 | $794,000 | $66,000 | $162,000 | $65,000 | $348,000 |
| Not Provided | 4 | $471,000 | $117,000 | $288,000 | $61,000 | $134,000 |
| Black or African American | 1 | $8,000 | $8,000 | $8,000 | $46,000 | $46,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $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) | 446 | $39,922,000 | $89,000 | $747,000 | $58,000 | $488,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 40 | $3,495,000 | $87,000 | $200,000 | $36,000 | $62,000 |
| FHA-insured (Federal Housing Administration) | 14 | $1,859,000 | $132,000 | $208,000 | $44,000 | $82,000 |
| 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 | 334 | $28,958,000 | $86,000 | $747,000 | $59,000 | $488,000 |
| Application Denied By Financial Institution | 85 | $7,317,000 | $86,000 | $613,000 | $44,000 | $170,000 |
| Application Withdrawn By Applicant | 70 | $7,850,000 | $112,000 | $289,000 | $58,000 | $251,000 |
| Application Approved But Not Accepted | 9 | $939,000 | $104,000 | $188,000 | $26,000 | $97,000 |
| File Closed For Incompleteness | 2 | $212,000 | $106,000 | $116,000 | $30,000 | $60,000 |
| 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 | 37 | $2,844,000 | $76,000 | $613,000 | $40,000 | $105,000 |
| Debt-To-Income Ratio | 20 | $1,528,000 | $76,000 | $180,000 | $48,000 | $137,000 |
| Collateral | 15 | $1,559,000 | $103,000 | $436,000 | $57,000 | $170,000 |
| Other | 9 | $855,000 | $95,000 | $250,000 | $42,000 | $109,000 |
| Employment History | 3 | $417,000 | $139,000 | $193,000 | $26,000 | $45,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $114,000 | $114,000 | $114,000 | $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 United Prairie Bank's 2010 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 United Prairie 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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