Morrison County, MN Mortgage Lenders & HMDA Data, 2014

In 2014, lenders reported 1,070 mortgage applications in Morrison County, MN totaling $152.3 million, down 34% from 2013. The average application was for $142,000, and applicants reported an average income of $69,000. 56% of applications resulted in an originated loan and 19% were denied. The most active lender was Wells Fargo Bank NA, with 100 applications, followed by US Bank, N.A. and Primelending.

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Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 1,070
Total Mortgage Loan Application Amount $152,313,000
Average Mortgage Loan Application Amount $142,000
Highest Mortgage Loan Application Amount $2,300,000
Average Applicant Income $69,000
Highest Applicant Income $4,880,000

Mortgage Company List for Lending in Morrison County, MN for 2014

* Phone Numbers for Mortgage Lenders are available with a Data Download Report
Mortgage Lender Phone Number Mortgage Lender Assets Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications
Wells Fargo Bank NA

MINNEAPOLIS, MN 55415
* $ 1,373,600,000,000 100 $ 16,118,000
US Bank, N.A.
425 WALNUT STREET
CINCINNATI, OH 45202
* $ 360,478,278,000 98 $ 11,703,000
Primelending
18111 PRESTON ROAD SUITE 900
DALLAS, TX 75252
* $ 8,361,206,000 79 $ 10,077,000
Farmers & Merchants State Bank of Pierz
80 MAIN STREET N, P.O. BOX 308
PIERZ, MN 56364
* $ 175,379,000 54 $ 11,372,000
Magnifi Financial Credit Union
20 4TH AVE SE
MELROSE, MN 56352
* $ 758,952,000 53 $ 4,614,000
JPMorgan Chase Bank, NA
1111 POLARIS PARKWAY
COLUMBUS, OH 43240
* $ 1,945,467,000,000 41 $ 4,888,000
Stearns Lending, LLC
4 HUTTON CENTRE, 10TH FLOOR
SANTA ANA, CA 92707
* $ 10,000,000 35 $ 5,417,000
Flagstar Bank NA

TROY, MI 49098
* $ 12,648,357,000 30 $ 4,051,000
Bremer Bank, NA
372 ST. PETER STREET
ST. PAUL, MN 55102
* $ 2,794,680,000 29 $ 5,785,000
Unity Bank
1180 W 4TH STREET
RUSH CITY, MN 55069
* $ 186,787,000 26 $ 4,054,000
loanDepot.com LLC
6561 IRVINE CENTER DRIVE
IRVINE, CA 92618
* $ 138,031,000 24 $ 3,073,000
Freedom Mortgage Corporation
951 YAMATO ROAD SUITE 175
BOCA RATON, FL 33431
* $ 10,000,000 23 $ 3,558,000
Stonegate Mortgage Corporation
9190 PRIORITY WAY WEST DRIVE
INDIANAPOLIS, IN 46240
* $ 10,000,000 19 $ 3,449,000
Pine Country Bank
1201 1ST AVENUE NE
LITTLE FALLS, MN 56345
* $ 166,116,000 18 $ 3,121,000
Citibank, NA

NEW YORK, NY 10012
* $ 1,346,747,000,000 18 $ 1,894,000
Nationstar Mortgage
8950 CYPRESS WATERS BLVD.
COPPELL, TX 75019
* $ 10,000,000 16 $ 2,321,000
Compeer Financial
2600 JENNY WREN TRAIL
SUN PRAIRIE, WI 53590
* $ 10,000,000 16 $ 3,184,000
Everett Financial, Inc.
14801 QUORUM DRIVE, SUITE 300
DALLAS, TX 75254
* $ 3,642,000 12 $ 1,441,000
Stearns Bank National Association
4191 2ND ST S
ST. CLOUD, MN 56301
* $ 1,481,962,000 11 $ 3,769,000
Liberty Savings Bank FSB
111 7TH AVE S
SAINT CLOUD, MN 56301
* $ 190,809,000 11 $ 1,289,000
St. Cloud Financial Credit Union
3030 1ST ST S
SAINT CLOUD, MN 56301
* $ 104,793,000 11 $ 793,000
Bank of the West
180 MONTGOMERY STREET
SAN FRANCISCO, CA 94104
* $ 66,467,781,000 11 $ 680,000
USAA Federal Savings Bank
10750 MCDERMOTT FREEWAY
SAN ANTONIO, TX 78288
* $ 62,866,954,000 9 $ 1,616,000
PennyMac Loan Services LLC
3043 TOWNSGATE ROAD
WESTLAKE VILLAGE, CA 91361
* $ 39,000,000 9 $ 1,226,000
New Day Financial, Llc.
360 SOUTH ROSEMARY AVENUE SUITE 1900
WEST PALM BEACH, FL 33401
* $ 4,088,336,000 9 $ 1,603,000
First Guaranty Mortgage Corporation
1900 GALLOWS ROAD, SUITE 800
TYSONS CORNER, VA 22182
* $ 10,000,000 9 $ 1,183,000
Affinity Plus Federal Credit Union
175 WEST LAFAYETTE FRONTAGE ROAD
SAINT PAUL, MN 55107
* $ 1,744,025,000 8 $ 968,000
Frandsen Bank & Trust
116 CENTRAL STREET WEST
LONSDALE, MN 55046
* $ 1,630,992,000 7 $ 621,000
Embrace Home Loans, Inc.
25 ENTERPRISE CENTER
MIDDLETOWN, RI 02842
* $ 10,000,000 7 $ 909,000
Mortgage Research Center
1400 VETERANS UNITED DR.
COLUMBIA, MO 65203
* $ 880,000,000 7 $ 1,397,000
Blackridgebank
4040 42ND ST SW, SUITE O
FARGO, ND 58104
* $ 375,683,000 7 $ 844,000
Bank of America NA
31303 AGOURA RD CA6-917-01-20
WESTLAKE VILLAGE, CA 91361
* $ 1,433,716,000,000 7 $ 614,000
Woodlands National Bank
122 EAST MAIN STREET P.O. BOX 190
HINCKLEY, MN 55037
* $ 137,502,000 6 $ 983,000
Crescent Mortgage Company

MORGANTOWN, WV 26505
* $ 826,484,000 6 $ 1,315,000
CMG Mortgage Inc
3160 CROW CANYON ROAD, SUITE 400
SAN RAMON, IL 94583
* $ 100,000,000 6 $ 900,000
Suntrust Mortgage, Inc.
901 SEMMES AVENUE
RICHMOND, VA 23224
* $ 171,261,678,000 6 $ 712,000
Cambria Financial Group
11000 W 78TH STREET, SUITE 300
EDEN PRAIRIE, MN 55344
* $ 7,380,000 6 $ 653,000
Plaza Home Mortgage, Inc
4820 EASTGATE MALL, STE 100
SAN DIEGO, CA 92121
* $ 10,000,000 6 $ 730,000
United Wholesale Mortgage
40600 ANN ARBOR RD E STE 201
PLYMOUTH, MI 48170
* $ 10,000,000 5 $ 880,000
Everbank N.A.
501 RIVERSIDE AVENUE
JACKSONVILLE, FL 32202
* $ 17,638,918,000 5 $ 552,000
Citimortgage, Inc.
1 COURT SQUARE, 43RD FLOOR
LONG ISLAND CITY, NY 11120
* $ 1,019,497,000,000 5 $ 527,000
Bankvista
125 TWIN RIVERS CT
SARTELL, MN 56377
* $ 115,346,000 5 $ 465,000
Proficio Bank
6985 UNION PARK CENTER, SUITE 150
COTTONWOOD HEIGHTS, UT 84047
* $ 168,648,000 5 $ 764,000
Plaza Park State Bank
131 6TH AVE S - SUITE 100, PO BOX 337
WAITE PARK, MN 56387
* $ 174,939,000 5 $ 355,000
Network Capital Funding Corporation
7700 IRVINE CENTER DRIVE #300
IRVINE, CA 92618
* $ 52,388,000 5 $ 858,000
Barrington Bank & Trust Company, N.A.
201 SOUTH HOUGH STREET
BARRINGTON, IL 60010
* $ 1,492,889,000 5 $ 794,000
Hiway Credit Union
111 EMPIRE DRIVE
SAINT PAUL, MN 55103
* $ 926,944,000 4 $ 360,000
Guild Mortgage Company
5898 COPLEY DRIVE
SAN DIEGO, CA 92111
* $ 31,000,000 4 $ 431,000
Bell Bank
3100 13TH AVE S
FARGO, ND 58103
* $ 2,905,587,000 4 $ 898,000
Towne Mortgage Company
888 WEST BIG BEAVER ROAD SUITE 310
TROY, MI 48084
* $ 35,475,880,000 4 $ 528,000
Reliance First Capital, LLC
201 OLD COUNTRY ROAD SUITE 205
MELVILLE, NY 11747
* $ 100,000,000 4 $ 616,000
PHH Home Loans, LLC
1 MORTGAGE WAY 2ND FLOOR
MT LAUREL, NJ 08054
* $ 4,597,939,000 3 $ 466,000
Associated Bank NA
200 NORTH ADAMS STREET
GREEN BAY, WI 54301
* $ 23,932,159,000 3 $ 594,000
Discover Home Loans, Inc
173 TECHNOLOGY DRIVE
IRVINE, CA 92618
* $ 79,339,664,000 3 $ 496,000
American Financial Resources LLC
9 SYLVAN WAY
PARSIPPANY, NJ 07054
* $ 10,000,000 3 $ 422,000
Ditech Mortgage Corp
1100 VIRGINIA DRIVE, SUITE 100
FT. WASHINGTON, PA 19034
* $ 5,720,000 3 $ 477,000
Carrington Mortgage Services LLC
500 NORTH STATE COLLEGE BOULEVARD SUITES 1030, 1300 AND 1400
ORANGE, CA 92868
* $ 945,758,000 3 $ 323,000
Wings Financial Credit Union
14985 GLAZIER AVENUE
APPLE VALLEY, MN 55124
* $ 3,910,000,000 3 $ 585,000
The First National Bank of Milaca
190 2ND AVE SW
MILACA, MN 56353
* $ 181,704,000 3 $ 261,000
Rescue Mortgage Inc
10740 LYNDALE AVE S, SUITE 19E
BLOOMINGTON, MN 55420
* $ 1,507,000 3 $ 240,000
Avon State Bank
104 AVON AVE N
AVON, MN 56310
* $ 105,653,000 3 $ 207,000
Peoples Bank
4831 W 6TH ST
LAWRENCE, KS 66049
* $ 439,528,000 3 $ 607,000
Great River Federal CU
1532 W ST GERMAIN STREET
ST CLOUD, MN 56301
* $ 151,619,000 3 $ 330,000
American National Bank of Minnesota
1920 SOUTH SIXTH STREET
BRAINERD, MN 56401
* $ 252,559,000 3 $ 737,000
21st Mortgage
620 MARKET ST SUITE 100
KNOXVILLE, TN 37902
* $ 10,000,000 3 $ 273,000
Franklin American Mortgage Company
6100 TOWER CIRCLE SUITE 600
FRANKLIN, TN 37067
* $ 10,000,000 3 $ 334,000
Pacific Union Financial, LLC
8900 FREEPORT PKWY, STE 150
IRVING, TX 75063
* $ 40,000,000 3 $ 424,000
BNC National Bank

BISMARCK, ND 58501
* $ 841,451,000 2 $ 472,000
Falcon National Bank
183 CEDAR DRIVE
FOLEY, MN 56329
* $ 156,245,000 2 $ 567,000
American Heritage National Bank
24 2ND ST S
LONG PRAIRIE, MN 56347
* $ 238,646,000 2 $ 214,000
Top Flite Financial, Inc.
123 E GRAND RIVER AVE
WILLIAMSTON, MI 48895
* $ 40,394,000 2 $ 204,000
Kinecta Federal Credit Union
1440 ROSECRANS AVE
MANHATTAN BEACH, CA 90266
* $ 3,192,380,000 2 $ 328,000
Admirals Bank
15 PARK ROW WEST
PROVIDENCE, RI 02903
* $ 577,338,000 2 $ 37,000
Trustone Financial Credit Union
14601 27TH AVENUE NORTH
PLYMOUTH, MN 55447
* $ 914,430,000 2 $ 314,000
Amwest Funding Corp
6 POINTE DRIVE, SUITE 300
BREA, CA 92821
* $ 10,000,000 2 $ 183,000
Discover Bank
12 READS WAY
GREENWOOD, DE 19950
* $ 62,915,596,000 2 $ 100,000
Capital One, National Association
7933 PRESTON ROAD
PLANO, TX 75024
* $ 238,482,903,000 2 $ 471,000
Homeward Residential, Inc.
16675 ADDISON ROAD
ADDISON, TX 75001
* $ 3,809,880,000 2 $ 344,000
Marketplace Home Mortgage, LLC
7380 FRANCE AVE S, STE 200
EDINA, MN 55435
* $ 34,593,007,000 2 $ 359,000
Tradition Mortgage, LLC
16995 BRANDTJEN FARM DRIVE SUTE 300
LAKEVILLE, MN 55044
* $ 10,000,000 2 $ 191,000
Luminate Home Loans, Inc.
2523 WAYZATA BLVD SUITE 200
MINNEAPOLIS, MN 55405
* $ 4,028,990,000 2 $ 273,000
Freeport State Bank
111 MAIN ST E
FREEPORT, MN 56331
* $ 95,984,000 2 $ 248,000
State Farm Bank, F.S.B.
1 STATE FARM PLAZA E-6
BLOOMINGTON, IL 61710
* $ 15,766,346,000 2 $ 83,000
Homeservices Lending, LLC
2700 WESTOWN PARKWAY, SUITE 345
WEST DES MOINES, IA 50266
* $ 25,000,000 2 $ 313,000
Suntrust Bank
P.O. BOX 4418, MAIL CODE 0663
ATLANTA, GA 30302
* $ 171,261,678,000 2 $ 20,000
PNC Bank N.A.
249 FIFTH AVE. MS P1-POPP-22-2
PITTSBURGH, PA 15222
* $ 309,999,678,000 2 $ 237,000
Servion
500 MAIN STREET
NEW BRIGHTON, MN 55112
* $ 250,000,000 2 $ 196,000
Summit Mortgage Corporation
13355 10TH AVE N, SUITE 100
PLYMOUTH, MN 55442
* $ 10,000,000 2 $ 354,000
PHH Mortgage Corporation

WEST PALM BEACH, FL 33409
* $ 31,000,000 2 $ 255,000
Guaranteed Rate, Inc.
3940 NORTH RAVENSWOOD AVE
CHICAGO, IL 60613
* $ 10,000,000 2 $ 269,000
Newrez LLC

FORT WASHINGTON, PA 19034
* $ 10,000,000 1 $ 175,000
Amerisave Mortgage Company
1200 ALTMORE AVENUE BUILDING 2 SUITE 300
SANDY SPRINGS, GA 30342
* $ 8,994,122,000 1 $ 275,000
Cardinal Financial Company, Li
3530 TORINGDON WAY STE 200
CHARLOTTE, NC 28277
* $ 10,000,000 1 $ 152,000
Lakeview Loan Servicing, LLC
4425 PONCE DE LEON BLVD.
CORAL GABLES, FL 33146
* $ 1,825,398,000 1 $ 141,000
American Advisors Group
3800 W.CHAPMAN SUITE 300
ORANGE, CA 92868
* $ 100,247,000 1 $ 114,000
Lend Smart Mortgage, LLC
3450 LEXINGTON AVE N
OAKDALE, MN 55126
* $ 2,304,353,000 1 $ 184,000
Granite Bank
202 2ND AVENUE SOUTH, P.O. BOX 416
COLD SPRING, MN 56320
* $ 91,404,000 1 $ 40,000
Sentry Bank
400 4TH AVE NE
ST. JOSEPH, MN 56374
* $ 180,989,000 1 $ 20,000
Bank Forward
390 WHEAT STREET, PO BOX 100
FARGO, ND 58104
* $ 490,836,000 1 $ 120,000
Eagle Valley Bank, National Association
1946 WASHINGTON AVENUE SOUTH
STILLWATER, MN 55082
* $ 133,682,000 1 $ 64,000
Ussfcu
2750 EISENHOWER AVENUE
ALEXANDRIA, VA 22314
* $ 574,021,000 1 $ 45,000
First Farmers & Merchants Bank
123 SOUTH FOURTH STREET
CANNON FALLS, MN 55009
* $ 267,917,000 1 $ 122,000
Sherburne State Bank
12500 SHERBURNE AVE
PO BOX 428, MN 55308
* $ 81,523,000 1 $ 50,000
Vermillion State Bank
107 E MAIN ST
VERMILLION, MN 55085
* $ 492,729,000 1 $ 184,000
First International Bank & Trust
1600 S BDWAY
MINOT, ND 58701
* $ 1,632,682,000 1 $ 220,000
Bonanza Valley State Bank
PO BOX 400 147 CENTRAL AVE S
BROOTEN, MN 56316
* $ 56,189,000 1 $ 106,000
Sharepoint Credit Union
5300 HYLAND GREENS DR
BLOOMINGTON, MN 55437
* $ 182,410,000 1 $ 260,000
Westconsin Credit Union
444 BROADWAY
MENOMONIE, WI 54751
* $ 871,383,000 1 $ 106,000
Royal Credit Union
200 RIVERFRONT TERRACE
EAU CLAIRE, WI 54702
* $ 1,392,362,000 1 $ 45,000
Huntington National Bank
7 EASTON OVAL EA5C242
COLUMBUS, OH 43219
* $ 59,304,805,000 1 $ 74,000
Firefly
1400 RIVERWOOD DR
BURNSVILLE, MN 55337
* $ 928,895,000 1 $ 115,000
M&T Bank
701 SENECA STREET - SUITE 330N
BUFFALO, NY 14203
* $ 84,362,333,000 1 $ 105,000
Tcf National Bank
2508 LOUISE AVE S (PCC-2E-L)
SIOUX FALLS, SD 57106
* $ 18,396,839,000 1 $ 70,000
Navy Federal Credit Union
820 FOLLIN LANE
VIENNA, VA 22180
* $ 55,502,976,000 1 $ 65,000
The Federal Savings Bank
300 N ELIZABETH STREET, STE 3E
CHICAGO, IL 60639
* $ 141,772,000 1 $ 149,000
Think Mutual Bank
5200 MEMBERS PARKWAY NW
ROCHESTER, MN 55901
* $ 1,468,863,000 1 $ 23,000
Johnson Bank
555 MAIN STREET SUITE 490
RACINE, WI 53403
* $ 3,913,622,000 1 $ 60,000
American Bank
9001 EDMONSTON ROAD SUITE 100
GREENBELT, MD 20770
* $ 410,770,000 1 $ 78,000
Shoreham Bank
ONE HOME LOAN PLAZA
WARWICK, RI 02886
* $ 204,003,000 1 $ 9,000
American Equity Mortgage, Inc.
11933 WESTLINE INDUSTRIAL DRIVE
SAINT LOUIS, MO 63146
* $ 10,000,000 1 $ 145,000
Gateway Funding Dms, LP
300 WELSH ROAD, BUILDING 5
HORSHAM, PA 19044
* $ 10,000,000 1 $ 105,000
Provident Funding Associates
1235 NORTH DUTTON AVE STE E
SANTA ROSA, CA 95401
* $ 10,000,000 1 $ 198,000
Homebridge Financial Services, Inc
194 WOOD AVE S, 9TH FLOOR
ISELIN, NJ 08830
* $ 10,000,000 1 $ 200,000
Megastar Finanacial Corp
1080 CHEROKEE STREET
DENVER, CO 80204
* $ 10,000,000 1 $ 131,000
W. J. Bradley Mortgage Capital
6465 GREENWOOD PLAZA BLVD, SUITE 500
CENTENNIAL, CO 80111
* $ 10,000,000 1 $ 188,000
Merchants Bank, National Association
102 EAST THIRD STREET
WINONA, MN 55987
* $ 1,362,044,000 1 $ 210,000
Waterstone Mortgage Corporation
17950 W CORPORATE DR STE 100
BROOKFIELD, WI 53045
* $ 1,603,436,000 1 $ 150,000
Anchor Bank
1570 CONCORDIA AVE
SAINT PAUL, MN 55104
* $ 1,431,964,000 1 $ 281,000
Citizens Community Federal N.A.
219 FAIRFAX STREET
ALTOONA, WI 54720
* $ 552,204,000 1 $ 204,000
UBS Ag, Tampa Branch
3000 BAYPORT
TAMPA, FL 33607
* $ 0 1 $ 117,000
Bank of England
PO BOX 70
ENGLAND, AR 72046
* $ 245,863,000 1 $ 230,000
Hometown Bank
1000 EAST COOK STREET
REDWOOD FALLS, MN 56283
* $ 223,190,000 1 $ 81,000
Colonial Savings
P O BOX 2988
FORT WORTH, TX 76102
* $ 943,388,000 1 $ 63,000
Provincial Bank
PO BOX 459 20280 IBERIA AV
LAKEVILLE, MN 55044
* $ 74,609,000 1 $ 297,000
Lincoln Savings Bank
301 WASHINGTON ST
REINBECK, IA 50669
* $ 698,929,000 1 $ 140,000
United Security Financial Corp
930 EAST 6600 SOUTH
MURRAY, UT 84121
* $ 10,000,000 1 $ 136,000
First Option Mortgage, LLC
1100 CIRCLE 75 PARKWAY SOUTH EAST SUITE 300
ATLANTA, GA 30339
* $ 941,000 1 $ 102,000
American Internet Mortgage, Inc.
4121 CAMINO DEL RIO SOUTH
SAN DIEGO, CA 92108
* $ 10,000,000 1 $ 240,000
J.G. Wentworth Home Lending, LLC
3350 COMMISSION COURT
WOODBRIDGE, VA 22192
* $ 10,000,000 1 $ 199,000
Emm Loans LLC
3 EXECUTIVE CAMPUS, SUITE 520
CHERRY HILL, NJ 08003
* $ 10,000,000 1 $ 158,000
Wyndham Capital Mortgage, Inc.
6115 PARK SOUTH DRIVE, STE 200
RALEIGH, NC 28210
* $ 10,000,000 1 $ 222,000
Milend, Inc
375 NORTHRIDGE RD, SUITE 600
ALPHARETTA, GA 30009
* $ 10,000,000 1 $ 119,000

The tables below break down 2014 mortgage applications in Morrison County, MN by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Morrison County, MN in 2014

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 534 $76,353,000 $142,000 $1,000,000 $72,000 $4,880,000
Refinancing 466 $71,905,000 $154,000 $2,300,000 $65,000 $1,010,000
Home Improvement 70 $4,055,000 $57,000 $417,000 $69,000 $270,000

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 867 $117,635,000 $135,000 $1,040,000 $75,000 $4,880,000
Not applicable 97 $19,203,000 $197,000 $2,300,000 $6,000 $130,000
Not Provided 93 $13,804,000 $148,000 $1,933,000 $73,000 $593,000
Hispanic 5 $825,000 $165,000 $202,000 $48,000 $79,000
Black or African American 4 $470,000 $117,000 $224,000 $67,000 $73,000
American Indian or Alaskan Native 2 $183,000 $91,000 $120,000 $25,000 $50,000
Asian 2 $193,000 $96,000 $100,000 $45,000 $64,000
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) 710 $102,613,000 $144,000 $2,300,000 $82,000 $4,880,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 122 $15,500,000 $127,000 $1,040,000 $33,000 $146,000
VA-guaranteed (Veterans Administration) 121 $20,367,000 $168,000 $388,000 $53,000 $178,000
FHA-insured (Federal Housing Administration) 117 $13,833,000 $118,000 $264,000 $41,000 $170,000

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 597 $88,168,000 $147,000 $2,300,000 $82,000 $4,880,000
Application Denied By Financial Institution 200 $24,848,000 $124,000 $417,000 $55,000 $320,000
Loan Purchased By The Institution 119 $16,369,000 $137,000 $357,000 $27,000 $285,000
Application Withdrawn By Applicant 75 $10,847,000 $144,000 $480,000 $57,000 $270,000
Application Approved But Not Accepted 47 $7,520,000 $160,000 $1,933,000 $68,000 $593,000
File Closed For Incompleteness 32 $4,561,000 $142,000 $350,000 $79,000 $420,000
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 35 $3,138,000 $89,000 $268,000 $48,000 $142,000
Collateral 33 $4,345,000 $131,000 $388,000 $79,000 $320,000
Debt-To-Income Ratio 28 $3,318,000 $118,000 $244,000 $44,000 $156,000
Other 18 $1,895,000 $105,000 $207,000 $55,000 $120,000
Credit Application Incomplete 9 $1,793,000 $199,000 $417,000 $51,000 $140,000
Unverifiable Information 7 $859,000 $122,000 $190,000 $37,000 $54,000
Insufficient Cash (Downpayment, Closing Cost) 2 $152,000 $76,000 $129,000 $47,000 $54,000
Mortgage Insurance Denied 1 $67,000 $67,000 $67,000 $37,000 $37,000
Employment History 1 $60,000 $60,000 $60,000 $39,000 $39,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

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