Wells Federal Bank
HMDA Loan Application Totals
and Mortgage Lending Details
for 2011
Wells Federal Bank 2011 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 | 2011 |
| Total Number of Mortgage Applications | 947 |
| Total Mortgage Loan Application Amount | $108,734,000 |
| Average Mortgage Loan Application Amount | $83,666 |
| Highest Mortgage Loan Application Amount | $417,000 |
| Average Applicant Income | $60,333 |
| Highest Applicant Income | $392,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2011 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 2011 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 2011.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Blue Earth County Minnesota | 166 | $ 21,668,000 | $ 130,000 | $ 60,000 |
| Faribault County Minnesota | 114 | $ 10,696,000 | $ 93,000 | $ 58,000 |
| Freeborn County Minnesota | 110 | $ 10,944,000 | $ 99,000 | $ 62,000 |
| Martin County Minnesota | 107 | $ 9,641,000 | $ 90,000 | $ 55,000 |
| Nicollet County Minnesota | 56 | $ 6,929,000 | $ 123,000 | $ 61,000 |
| Steele County Minnesota | 42 | $ 4,725,000 | $ 112,000 | $ 70,000 |
| Dakota County Minnesota | 41 | $ 7,558,000 | $ 184,000 | $ 93,000 |
| Brown County Minnesota | 36 | $ 3,816,000 | $ 106,000 | $ 73,000 |
| Mower County Minnesota | 33 | $ 3,324,000 | $ 100,000 | $ 63,000 |
| Watonwan County Minnesota | 32 | $ 3,000,000 | $ 93,000 | $ 63,000 |
| Goodhue County Minnesota | 24 | $ 2,405,000 | $ 100,000 | $ 66,000 |
| Le Sueur County Minnesota | 20 | $ 2,788,000 | $ 139,000 | $ 69,000 |
| Wabasha County Minnesota | 16 | $ 1,906,000 | $ 119,000 | $ 56,000 |
| Waseca County Minnesota | 15 | $ 1,583,000 | $ 105,000 | $ 56,000 |
| Fillmore County Minnesota | 12 | $ 977,000 | $ 81,000 | $ 31,000 |
| Hennepin County Minnesota | 11 | $ 1,792,000 | $ 162,000 | $ 70,000 |
| Redwood County Minnesota | 11 | $ 770,000 | $ 70,000 | $ 45,000 |
| Aitkin County Minnesota | 8 | $ 1,163,000 | $ 145,000 | $ 69,000 |
| Olmsted County Minnesota | 8 | $ 1,182,000 | $ 147,000 | $ 68,000 |
| Ramsey County Minnesota | 8 | $ 940,000 | $ 117,000 | $ 58,000 |
| Rice County Minnesota | 8 | $ 772,000 | $ 96,000 | $ 55,000 |
| Cass County Minnesota | 5 | $ 1,227,000 | $ 245,000 | $ 157,000 |
| Mille Lacs County Minnesota | 4 | $ 432,000 | $ 108,000 | $ 58,000 |
| Renville County Minnesota | 4 | $ 344,000 | $ 86,000 | $ 50,000 |
| Scott County Minnesota | 4 | $ 886,000 | $ 221,000 | $ 104,000 |
| Howard County Iowa | 3 | $ 286,000 | $ 95,000 | $ 47,000 |
| Cottonwood County Minnesota | 3 | $ 251,000 | $ 83,000 | $ 59,000 |
| Kandiyohi County Minnesota | 3 | $ 545,000 | $ 181,000 | $ 44,000 |
| Nobles County Minnesota | 3 | $ 332,000 | $ 110,000 | $ 60,000 |
| Sibley County Minnesota | 3 | $ 356,000 | $ 118,000 | $ 49,000 |
| Dickinson County Iowa | 2 | $ 276,000 | $ 138,000 | $ 182,000 |
| Winneshiek County Iowa | 2 | $ 304,000 | $ 152,000 | $ 75,000 |
| Anoka County Minnesota | 2 | $ 256,000 | $ 128,000 | $ 51,000 |
| Cook County Minnesota | 2 | $ 350,000 | $ 175,000 | $ 60,000 |
| Hubbard County Minnesota | 2 | $ 392,000 | $ 196,000 | $ 104,000 |
| St. Louis County Minnesota | 2 | $ 237,000 | $ 118,000 | $ 80,000 |
| Stearns County Minnesota | 2 | $ 452,000 | $ 226,000 | $ 123,000 |
| Washington County Minnesota | 2 | $ 603,000 | $ 301,000 | $ 163,000 |
| Wright County Minnesota | 2 | $ 320,000 | $ 160,000 | $ 46,000 |
| Sauk County Wisconsin | 2 | $ 198,000 | $ 99,000 | $ 32,000 |
| Routt County Colorado | 1 | $ 211,000 | $ 211,000 | $ 0 |
| Fayette County Iowa | 1 | $ 130,000 | $ 130,000 | $ 36,000 |
| Floyd County Iowa | 1 | $ 168,000 | $ 168,000 | $ 101,000 |
| Winnebago County Iowa | 1 | $ 16,000 | $ 16,000 | $ 75,000 |
| Carver County Minnesota | 1 | $ 285,000 | $ 285,000 | $ 137,000 |
| Crow Wing County Minnesota | 1 | $ 132,000 | $ 132,000 | $ 124,000 |
| Dodge County Minnesota | 1 | $ 114,000 | $ 114,000 | $ 39,000 |
| Lyon County Minnesota | 1 | $ 87,000 | $ 87,000 | $ 68,000 |
| McLeod County Minnesota | 1 | $ 75,000 | $ 75,000 | $ 55,000 |
| Pipestone County Minnesota | 1 | $ 116,000 | $ 116,000 | $ 63,000 |
| Pope County Minnesota | 1 | $ 127,000 | $ 127,000 | $ 87,000 |
| Sherburne County Minnesota | 1 | $ 82,000 | $ 82,000 | $ 34,000 |
| Turner County South Dakota | 1 | $ 210,000 | $ 210,000 | $ 78,000 |
Mortgage Loan Application Detail Totals for Wells Federal Bank in 2011
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 | 479 | $60,052,000 | $125,000 | $417,000 | $68,000 | $363,000 |
| Home Purchase | 445 | $48,250,000 | $108,000 | $417,000 | $58,000 | $392,000 |
| Home Improvement | 23 | $432,000 | $18,000 | $49,000 | $55,000 | $113,000 |
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 | 909 | $103,798,000 | $114,000 | $417,000 | $63,000 | $392,000 |
| Hispanic | 17 | $1,671,000 | $98,000 | $192,000 | $49,000 | $136,000 |
| Not Provided | 7 | $890,000 | $127,000 | $405,000 | $103,000 | $286,000 |
| Black or African American | 6 | $1,186,000 | $197,000 | $350,000 | $72,000 | $118,000 |
| Asian | 5 | $679,000 | $135,000 | $220,000 | $92,000 | $201,000 |
| American Indian or Alaskan Native | 3 | $510,000 | $170,000 | $325,000 | $98,000 | $154,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 832 | $99,613,000 | $119,000 | $417,000 | $67,000 | $392,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 115 | $9,121,000 | $79,000 | $320,000 | $33,000 | $74,000 |
| 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 | 504 | $58,011,000 | $115,000 | $417,000 | $70,000 | $381,000 |
| Application Denied By Financial Institution | 202 | $18,953,000 | $93,000 | $356,000 | $44,000 | $141,000 |
| Application Withdrawn By Applicant | 198 | $25,801,000 | $130,000 | $417,000 | $65,000 | $392,000 |
| File Closed For Incompleteness | 39 | $5,614,000 | $143,000 | $325,000 | $63,000 | $175,000 |
| Preapproval Denied by Financial Institution | 4 | $355,000 | $88,000 | $150,000 | $31,000 | $40,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 96 | $8,880,000 | $92,000 | $356,000 | $45,000 | $141,000 |
| Debt-To-Income Ratio | 60 | $6,228,000 | $103,000 | $324,000 | $39,000 | $120,000 |
| Other | 22 | $1,716,000 | $78,000 | $304,000 | $56,000 | $118,000 |
| Collateral | 12 | $1,538,000 | $128,000 | $296,000 | $59,000 | $130,000 |
| Employment History | 8 | $394,000 | $49,000 | $68,000 | $27,000 | $42,000 |
| Mortgage Insurance Denied | 6 | $428,000 | $71,000 | $129,000 | $47,000 | $133,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $92,000 | $92,000 | $92,000 | $39,000 | $39,000 |
| Unverifiable Information | 1 | $32,000 | $32,000 | $32,000 | $23,000 | $23,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Wells Federal Bank's 2011 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.