Wells Federal Bank
HMDA Loan Application Totals
and Mortgage Lending Details
for 2013
Wells Federal Bank 2013 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| Mortgage Company & Address | Wells Federal Bank 53 1St St Sw Wells, MN 56097 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 |
| Total Number of Mortgage Applications | 946 |
| Total Mortgage Loan Application Amount | $113,107,000 |
| Average Mortgage Loan Application Amount | $85,333 |
| Highest Mortgage Loan Application Amount | $420,000 |
| Average Applicant Income | $66,000 |
| Highest Applicant Income | $664,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2013 with Wells Federal Bank. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Wells Federal Bank's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2013 breaks down Wells Federal Bank's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Wells Federal Bank serves its applicants.
Each category highlights the total number of mortgage applications processed by Wells Federal Bank, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Wells Federal Bank's mortgage activity for 2013.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Freeborn County Minnesota | 154 | $ 16,280,000 | $ 105,000 | $ 61,000 |
| Blue Earth County Minnesota | 134 | $ 17,833,000 | $ 133,000 | $ 63,000 |
| Faribault County Minnesota | 111 | $ 10,236,000 | $ 92,000 | $ 61,000 |
| Martin County Minnesota | 75 | $ 7,675,000 | $ 102,000 | $ 66,000 |
| Nicollet County Minnesota | 71 | $ 8,890,000 | $ 125,000 | $ 64,000 |
| Mower County Minnesota | 44 | $ 5,345,000 | $ 121,000 | $ 54,000 |
| Steele County Minnesota | 44 | $ 5,385,000 | $ 122,000 | $ 82,000 |
| Brown County Minnesota | 31 | $ 3,425,000 | $ 110,000 | $ 86,000 |
| Dakota County Minnesota | 31 | $ 5,565,000 | $ 179,000 | $ 90,000 |
| Watonwan County Minnesota | 29 | $ 2,144,000 | $ 73,000 | $ 47,000 |
| Waseca County Minnesota | 21 | $ 2,716,000 | $ 129,000 | $ 63,000 |
| Goodhue County Minnesota | 20 | $ 2,814,000 | $ 140,000 | $ 60,000 |
| Wabasha County Minnesota | 19 | $ 2,371,000 | $ 124,000 | $ 66,000 |
| Le Sueur County Minnesota | 18 | $ 2,428,000 | $ 134,000 | $ 64,000 |
| Hennepin County Minnesota | 16 | $ 3,131,000 | $ 195,000 | $ 118,000 |
| Redwood County Minnesota | 10 | $ 1,041,000 | $ 104,000 | $ 101,000 |
| Renville County Minnesota | 10 | $ 786,000 | $ 78,000 | $ 92,000 |
| Olmsted County Minnesota | 9 | $ 1,270,000 | $ 141,000 | $ 61,000 |
| Rice County Minnesota | 9 | $ 1,582,000 | $ 175,000 | $ 74,000 |
| Yellow Medicine County Minnesota | 9 | $ 800,000 | $ 88,000 | $ 69,000 |
| Ramsey County Minnesota | 8 | $ 1,045,000 | $ 130,000 | $ 53,000 |
| Scott County Minnesota | 8 | $ 1,585,000 | $ 198,000 | $ 95,000 |
| Fillmore County Minnesota | 7 | $ 647,000 | $ 92,000 | $ 55,000 |
| Dodge County Minnesota | 5 | $ 740,000 | $ 148,000 | $ 82,000 |
| Worth County Iowa | 4 | $ 502,000 | $ 125,000 | $ 34,000 |
| Carver County Minnesota | 4 | $ 644,000 | $ 161,000 | $ 47,000 |
| Cottonwood County Minnesota | 4 | $ 381,000 | $ 95,000 | $ 78,000 |
| Aitkin County Minnesota | 3 | $ 520,000 | $ 173,000 | $ 40,000 |
| Cass County Minnesota | 3 | $ 474,000 | $ 158,000 | $ 121,000 |
| Cook County Minnesota | 3 | $ 436,000 | $ 145,000 | $ 111,000 |
| Crow Wing County Minnesota | 3 | $ 330,000 | $ 110,000 | $ 21,000 |
| Kandiyohi County Minnesota | 3 | $ 480,000 | $ 160,000 | $ 300,000 |
| Emmet County Iowa | 2 | $ 131,000 | $ 65,000 | $ 121,000 |
| Howard County Iowa | 2 | $ 320,000 | $ 160,000 | $ 28,000 |
| Kossuth County Iowa | 2 | $ 368,000 | $ 184,000 | $ 75,000 |
| Anoka County Minnesota | 2 | $ 238,000 | $ 119,000 | $ 58,000 |
| Chippewa County Minnesota | 2 | $ 176,000 | $ 88,000 | $ 71,000 |
| Sherburne County Minnesota | 2 | $ 293,000 | $ 146,000 | $ 43,000 |
| Sibley County Minnesota | 2 | $ 175,000 | $ 87,000 | $ 43,000 |
| Washington County Minnesota | 2 | $ 630,000 | $ 315,000 | $ 146,000 |
| Hubbard County Minnesota | 1 | $ 260,000 | $ 260,000 | $ 166,000 |
| Isanti County Minnesota | 1 | $ 148,000 | $ 148,000 | $ 228,000 |
| Jackson County Minnesota | 1 | $ 89,000 | $ 89,000 | $ 54,000 |
| Lyon County Minnesota | 1 | $ 69,000 | $ 69,000 | $ 45,000 |
| McLeod County Minnesota | 1 | $ 117,000 | $ 117,000 | $ 25,000 |
| Meeker County Minnesota | 1 | $ 144,000 | $ 144,000 | $ 53,000 |
| Murray County Minnesota | 1 | $ 105,000 | $ 105,000 | $ 39,000 |
| Otter Tail County Minnesota | 1 | $ 116,000 | $ 116,000 | $ 29,000 |
| La Crosse County Wisconsin | 1 | $ 95,000 | $ 95,000 | $ 50,000 |
| Pierce County Wisconsin | 1 | $ 132,000 | $ 132,000 | $ 74,000 |
Mortgage Loan Application Detail Totals for Wells Federal Bank in 2013
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 | 603 | $75,947,000 | $125,000 | $420,000 | $71,000 | $664,000 |
| Home Purchase | 312 | $36,698,000 | $117,000 | $420,000 | $61,000 | $297,000 |
| Home Improvement | 31 | $462,000 | $14,000 | $38,000 | $66,000 | $145,000 |
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 | 908 | $107,528,000 | $118,000 | $420,000 | $67,000 | $664,000 |
| Not Provided | 13 | $2,422,000 | $186,000 | $413,000 | $81,000 | $196,000 |
| Asian | 11 | $1,967,000 | $178,000 | $417,000 | $98,000 | $240,000 |
| Hispanic | 10 | $741,000 | $74,000 | $180,000 | $34,000 | $71,000 |
| Not applicable | 3 | $394,000 | $131,000 | $211,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 1 | $55,000 | $55,000 | $55,000 | $94,000 | $94,000 |
| Black or African American | 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) | 863 | $106,032,000 | $122,000 | $420,000 | $70,000 | $664,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 83 | $7,075,000 | $85,000 | $168,000 | $37,000 | $86,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 596 | $71,447,000 | $119,000 | $417,000 | $73,000 | $664,000 |
| Application Approved But Not Accepted | 177 | $22,268,000 | $125,000 | $420,000 | $64,000 | $284,000 |
| Application Denied By Financial Institution | 163 | $18,220,000 | $111,000 | $420,000 | $52,000 | $212,000 |
| Application Withdrawn By Applicant | 8 | $983,000 | $122,000 | $336,000 | $38,000 | $82,000 |
| File Closed For Incompleteness | 2 | $189,000 | $94,000 | $110,000 | $51,000 | $67,000 |
| 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 | 71 | $7,605,000 | $107,000 | $417,000 | $58,000 | $212,000 |
| Debt-To-Income Ratio | 44 | $5,544,000 | $126,000 | $417,000 | $35,000 | $94,000 |
| Collateral | 9 | $1,083,000 | $120,000 | $180,000 | $66,000 | $97,000 |
| Other | 8 | $748,000 | $93,000 | $189,000 | $73,000 | $158,000 |
| Employment History | 1 | $109,000 | $109,000 | $109,000 | $24,000 | $24,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $56,000 | $56,000 | $56,000 | $43,000 | $43,000 |
| 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 Wells Federal Bank's 2013 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 Wells Federal 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.