Mower County, MN Mortgage Lenders & HMDA Data, 2019

In 2019, lenders reported 1,427 mortgage applications in Mower County, MN totaling $183.0 million, up 3% from 2018. The average application was for $128,000, and applicants reported an average income of $75,000. 63% of applications resulted in an originated loan and 13% were denied. The most active lender was Fairway Independent Mort Corp, with 242 applications, followed by US Bank, N.A. and Wells Fargo Bank NA.

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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 1,427
Total Mortgage Loan Application Amount $183,035,000
Average Mortgage Loan Application Amount $128,000
Highest Mortgage Loan Application Amount $2,955,000
Average Applicant Income $75,000
Highest Applicant Income $950,000

Mortgage Company List for Lending in Mower County, MN for 2019

* 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
Fairway Independent Mort Corp
4801 S. BILTMORE LANE
MADISON, WI 53718
* $ -1,000 242 $ 27,270,000
US Bank, N.A.
425 WALNUT STREET
CINCINNATI, OH 45202
* $ 459,476,604,000 181 $ 20,405,000
Wells Fargo Bank NA

MINNEAPOLIS, MN 55415
* $ 1,689,351,000,000 145 $ 16,835,000
Home Federal Savings Bank
1016 CIVIC CENTER DR NW
ROCHESTER, MN 55901
* $ 711,235,000 133 $ 16,865,000
Land Home Financial Services,
1355 WILLOW WAY, SUITE 250
CONCORD, CA 94520
* $ -1,000 57 $ 7,055,000
Bremer Bank NA
372 SAINT PETER STREET
SAINT PAUL, MN 55102
* $ 12,122,519,000 36 $ 5,190,000
Think Mutual Bank
5200 MEMBERS PARKWAY NW
ROCHESTER, MN 55901
* $ 1,647,162,000 29 $ 3,385,000
Guaranteed Rate, Inc.
3940 NORTH RAVENSWOOD AVE
CHICAGO, IL 60613
* $ -1,000 29 $ 2,105,000
Mayo Employees Federal Credit Union
130 23RD AVE SW
ROCHESTER, MN 55902
* $ 955,732,000 23 $ 1,575,000
Affinity Plus Federal Credit Union
175 WEST LAFAYETTE FRONTAGE ROAD
SAINT PAUL, MN 55107
* $ 2,176,291,000 19 $ 2,005,000
loanDepot.com LLC
6561 IRVINE CENTER DRIVE
IRVINE, CA 92618
* $ -1,000 17 $ 2,425,000
Compeer Financial
2600 JENNY WREN TRAIL
SUN PRAIRIE, WI 53590
* $ -1,000 15 $ 2,775,000
Manufacturers Bank & Trust Co
245 EAST J ST, PO BOX 450
FOREST CITY, IA 50436
* $ 347,126,000 15 $ 1,515,000
Mortgage Research Center
1400 VETERANS UNITED DR.
COLUMBIA, MO 65203
* $ -1,000 13 $ 2,425,000
JPMorgan Chase Bank, NA
1111 POLARIS PARKWAY
COLUMBUS, OH 43240
* $ 2,218,960,000,000 13 $ 1,605,000
Discover Bank
12 READS WAY
GREENWOOD, DE 19950
* $ 108,015,112,000 13 $ 765,000
Freedom Mortgage Corporation
951 YAMATO ROAD SUITE 175
BOCA RATON, FL 33431
* $ -1,000 12 $ 1,960,000
Towne Mortgage Company
888 WEST BIG BEAVER ROAD SUITE 310
TROY, MI 48084
* $ -1,000 12 $ 1,150,000
Caliber Home Loans, Inc.
1525 S. BELTLINE ROAD
WILMINGTON, DE 75019
* $ -1,000 11 $ 1,215,000
PennyMac Loan Services LLC
3043 TOWNSGATE ROAD
WESTLAKE VILLAGE, CA 91361
* $ -1,000 11 $ 1,515,000
Cardinal Financial Company, Li
3530 TORINGDON WAY STE 200
CHARLOTTE, NC 28277
* $ -1,000 11 $ 1,635,000
Prosperity Home Mortgage, LLC
14501 GEORGE CARTER WAY SUITE 300
CHANTILLY, VA 20151
* $ -1,000 11 $ 1,385,000
United Wholesale Mortgage
40600 ANN ARBOR RD E STE 201
PLYMOUTH, MI 48170
* $ -1,000 10 $ 1,670,000
Nationstar Mortgage
8950 CYPRESS WATERS BLVD.
COPPELL, TX 75019
* $ -1,000 10 $ 1,130,000
Altra Federal Credit Union
1700 OAK FOREST DRIVE
ONALASKA, WI 54650
* $ 1,514,584,000 10 $ 1,280,000
Marine Credit Union
811 MONITOR STREET
LA CROSSE, WI 54601
* $ 753,826,000 8 $ 660,000
Crescent Mortgage Company

MORGANTOWN, WV 26505
* $ -1,000 8 $ 1,090,000
First Federal Bank
4705 US HWY 90 W
LAKE CITY, FL 32055
* $ 1,811,622,000 8 $ 1,600,000
Lakeview Loan Servicing, LLC
4425 PONCE DE LEON BLVD.
CORAL GABLES, FL 33146
* $ -1,000 7 $ 1,375,000
Frandsen Bank & Trust
116 CENTRAL STREET WEST
LONSDALE, MN 55046
* $ 1,706,892,000 7 $ 1,425,000
Bell Bank
3100 13TH AVE S
FARGO, ND 58103
* $ 5,394,695,000 7 $ 1,325,000
Carrington Mortgage Services LLC
500 NORTH STATE COLLEGE BOULEVARD SUITES 1030, 1300 AND 1400
ORANGE, CA 92868
* $ -1,000 6 $ 720,000
USAA Federal Savings Bank
10750 MCDERMOTT FREEWAY
SAN ANTONIO, TX 78288
* $ 81,602,818,000 6 $ 1,080,000
Barrington Bank & Trust Company, N.A.
201 SOUTH HOUGH STREET
BARRINGTON, IL 60010
* $ 2,135,647,000 6 $ 1,040,000
Bay Equity LLC

DETROIT, MI 48226
* $ -1,000 6 $ 740,000
Amerisave Mortgage Company
1200 ALTMORE AVENUE BUILDING 2 SUITE 300
SANDY SPRINGS, GA 30342
* $ -1,000 6 $ 1,020,000
Everbank N.A.
501 RIVERSIDE AVENUE
JACKSONVILLE, FL 32202
* $ 36,899,806,000 6 $ 1,340,000
Primelending
18111 PRESTON ROAD SUITE 900
DALLAS, TX 75252
* $ -1,000 6 $ 720,000
Flagstar Bank NA

TROY, MI 49098
* $ 18,466,868,000 6 $ 1,060,000
Merchants Bank, National Association
102 EAST THIRD STREET
WINONA, MN 55987
* $ 1,766,499,000 5 $ 815,000
Hometown Bank
1600 MONROE DRIVE
CARVER, MN 55315
* $ 318,656,000 5 $ 615,000
Guaranteed Rate Affinity, LLC
1800 WEST LARCHMONT AVE
CHICAGO, IL 60613
* $ -1,000 4 $ 320,000
Mutual of Omaha Mortgage

LOMBARD, IL 60148
* $ -1,000 4 $ 650,000
New Day Financial, Llc.
360 SOUTH ROSEMARY AVENUE SUITE 1900
WEST PALM BEACH, FL 33401
* $ -1,000 4 $ 900,000
Royal United Mortgage LLC
7999 KNUE RD. STE 300
INDIANAPOLIS, IN 46256
* $ -1,000 4 $ 370,000
Servion
500 MAIN STREET
NEW BRIGHTON, MN 55112
* $ -1,000 4 $ 360,000
Results Mortgage, LLC
11200 WEST 78TH STREET, SUITE 50
EDEN PRAIRIE, MN 55344
* $ -1,000 4 $ 130,000
Homeservices Lending LLC
2900 100TH STREET SUITE 109
URBANDALE, IA 50322
* $ -1,000 4 $ 440,000
Finance of America Mortgage LLC
300 WELSH ROAD BUILDING 5
WILMINGTON, DE 19044
* $ -1,000 4 $ 310,000
Summit Mortgage Corporation
13355 10TH AVE N, SUITE 100
PLYMOUTH, MN 55442
* $ -1,000 3 $ 425,000
21st Mortgage
620 MARKET ST SUITE 100
KNOXVILLE, TN 37902
* $ -1,000 3 $ 265,000
Newrez LLC

FORT WASHINGTON, PA 19034
* $ -1,000 3 $ 175,000
Amerihome Mortgage Company, LLC
1 BAXTER WAY SUITE 300
THOUSAND OAKS, CA 91362
* $ -1,000 3 $ 325,000
Bank of America NA
31303 AGOURA RD CA6-917-01-20
WESTLAKE VILLAGE, CA 91361
* $ 1,782,639,000,000 3 $ 205,000
Luminate Home Loans, Inc.
2523 WAYZATA BLVD SUITE 200
MINNEAPOLIS, MN 55405
* $ -1,000 3 $ 295,000
Empeople Credit Union
3950 38TH AVENUE
MOLINE, IL 61265
* $ 1,039,284,000 3 $ 395,000
Leaderone Financial Corp.
7500 COLLEGE BLVD SUITE 1150
OVERLAND PARK, KS 66210
* $ -1,000 3 $ 405,000
Stearns Lending, LLC
4 HUTTON CENTRE, 10TH FLOOR
SANTA ANA, CA 92707
* $ -1,000 3 $ 335,000
State Farm Bank, F.S.B.
1 STATE FARM PLAZA E-6
BLOOMINGTON, IL 61710
* $ 16,933,790,000 3 $ 95,000
Magnolia Bank
PO BOX 188
HODGENVILLE, KY 42748
* $ 268,405,000 3 $ 435,000
Plaza Home Mortgage, Inc
4820 EASTGATE MALL, STE 100
SAN DIEGO, CA 92121
* $ -1,000 3 $ 425,000
Associated Bank NA
200 NORTH ADAMS STREET
GREEN BAY, WI 54301
* $ 33,604,332,000 3 $ 295,000
Citibank, NA

NEW YORK, NY 10012
* $ 826,876,000,000 3 $ 275,000
Cambria Financial Group
11000 W 78TH STREET, SUITE 300
EDEN PRAIRIE, MN 55344
* $ -1,000 3 $ 375,000
Bank of England
PO BOX 70
ENGLAND, AR 72046
* $ 312,093,000 2 $ 310,000
Hiway Credit Union
111 EMPIRE DRIVE
SAINT PAUL, MN 55103
* $ 1,111,480,000 2 $ 150,000
Mortgages Unlimited Inc.
7365 KIRKWOOD COURT NORTH SUITE 300
MAPLE GROVE, MN 55113
* $ -1,000 2 $ 230,000
Citizens Bank, NA
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903
* $ 129,426,633,000 2 $ 200,000
Plains Commerce Bank
220 MAIN ST
HOVEN, SD 57450
* $ 656,158,000 2 $ 220,000
Roundpoint Mortgage Servicing LLC
446 WRENPLACE ROAD
FORT MILL, SC 29715
* $ -1,000 2 $ 250,000
Lendingone LLC
901 YAMATO RD #150
BOCA RATON, FL 33431
* $ -1,000 2 $ 70,000
Foresight Bank
138 WEST BROADWAY
PLAINVIEW, MN 55964
* $ 245,797,000 2 $ 380,000
Sterling State Bank
1419 1ST AVENUE SW
AUSTIN, MN 55912
* $ 351,185,000 2 $ 140,000
American Financing Corporation
3045 S PARKER RD BUILDING B
AURORA, CO 80014
* $ -1,000 2 $ 130,000
M&T Bank
701 SENECA STREET - SUITE 330N
BUFFALO, NY 14203
* $ 119,636,147,000 2 $ 180,000
F & M Community Bank, N.A.
PO BOX 467
PRESTON, MN 55965
* $ 132,031,000 2 $ 490,000
Sierra Pacific Mortgage Co. Inc
1180 IRON POINT RD, SUITE 200
FOLSOM, CA 95630
* $ -1,000 2 $ 360,000
Roundbank
200 SECOND STREET NE, PO BOX 667
WASECA, MN 56093
* $ 308,104,000 2 $ 200,000
American Advisors Group
3800 W.CHAPMAN SUITE 300
ORANGE, CA 92868
* $ -1,000 2 $ 90,000
Ditech Financial LLC
1100 VIRGINIA DRIVE, SUITE 100
FORT WASHINGTON, PA 19034
* $ -1,000 2 $ 310,000
New American Funding, Llc.
14511 MYFORD ROAD, SUITE 100
TUSTIN, CA 92780
* $ -1,000 2 $ 270,000
Suntrust Banks, Inc.
P.O. BOX 4418, MAIL CODE 663
ATLANTA, GA 30302
* $ 209,720,480,000 2 $ 290,000
Prime Choice Funding Inc.
17852 17TH ST #107
TUSTIN, CA 92780
* $ -1,000 2 $ 410,000
Navy Federal Credit Union
820 FOLLIN LANE
VIENNA, VA 22180
* $ 96,962,446,000 2 $ 350,000
Premia Mortgage, LLC

CHICAGO, IL 60613
* $ -1,000 2 $ 390,000
Peoples State Bank of Plainview
100 4TH AVE SE
PLAINVIEW, MN 55964
* $ 268,350,000 2 $ 390,000
James B. Nutter & Company
4153 BROADWAY
KANSAS CITY, MO 64111
* $ -1,000 1 $ 115,000
Onb Bank
975 34TH AVE NW
ROCHESTER, MN 55901
* $ 97,180,000 1 $ 225,000
Home Point Financial Corporation
1194 OAK VALLEY DRIVE, SUITE 80
ANN ARBOR, MI 48108
* $ -1,000 1 $ 115,000
Minnstar Bank National Association
P.O. BOX 270
LAKE CRYSTAL, MN 56055
* $ 143,065,000 1 $ 335,000
Heritage Bank NA
100 SOUTH STREET W
SPICER, MN 56288
* $ 434,815,000 1 $ 95,000
American Financial Network, Inc.
10 POINTE DRIVE, SUITE 330
BREA, CA 92821
* $ -1,000 1 $ 365,000
Georgia Banking Company
6190 POWERS FERRY ROAD, SUITE 150
ATLANTA, GA 30309
* $ 350,058,000 1 $ 25,000
First Guaranty Mortgage Corporation
1900 GALLOWS ROAD, SUITE 800
TYSONS CORNER, VA 22182
* $ -1,000 1 $ 125,000
Thrivent Federal Credit Union

SHAKOPEE, MN 55379
* $ 578,076,000 1 $ 35,000
Embrace Home Loans, Inc.
25 ENTERPRISE CENTER
MIDDLETOWN, RI 02842
* $ -1,000 1 $ 115,000
Old National Bank
ONE MAIN STREET
EVANSVILLE, IN 47708
* $ 19,633,838,000 1 $ 1,285,000
Coulee Bank
1516 LOSEY BLVD. S.
LA CROSSE, WI 54601
* $ 389,173,000 1 $ 205,000
Iowa Bankers Mortgage Corporation
8800 NW 62ND AVE
JOHNSTON, IA 50131
* $ -1,000 1 $ 75,000
Texana Bank
124 E RUSH ST
LINDEN, TX 75563
* $ 210,848,000 1 $ 225,000
Farmers State Bank
131 TOWER PARK DRIVE SUITE 100
WATERLOO, IA 50701
* $ 1,056,124,000 1 $ 2,955,000
Minnesota Valley Federal Credit Union
1640 ADAMS ST
MANKATO, MN 56001
* $ 167,891,000 1 $ 65,000
American Bank of the North
117 CENTRAL AVENUE
NASHWAUK, MN 55769
* $ 540,407,000 1 $ 125,000
Topline Financial Credit Union
9353 JEFFERSON HWY
MAPLE GROVE, MN 55369
* $ 463,857,000 1 $ 85,000
Citizens State Bank
620 MAIN STREET
LA CROSSE, WI 54601
* $ 280,047,000 1 $ 65,000
Profinium, Inc.
105 LAKE AVE. PO BOX 848
FAIRMONT, MN 56031
* $ 374,039,000 1 $ 75,000
Trustone Financial Credit Union
14601 27TH AVENUE NORTH
PLYMOUTH, MN 55447
* $ 1,389,689,000 1 $ 135,000
First Nebraska Credit Union
10655 BEDFORD AVE
OMAHA, NE 68134
* $ 137,257,000 1 $ 125,000
NBKC Bank
8320 WARD PARKWAY
KANSAS CITY, MO 64114
* $ 684,352,000 1 $ 205,000
Lend Smart Mortgage, LLC
3450 LEXINGTON AVE N
OAKDALE, MN 55126
* $ -1,000 1 $ 155,000
Magnifi Financial Credit Union
20 4TH AVE SE
MELROSE, MN 56352
* $ 1,100,060,000 1 $ 95,000
Milend, Inc
375 NORTHRIDGE RD, SUITE 600
ALPHARETTA, GA 30009
* $ -1,000 1 $ 185,000
Finance of America Reverse LLC
8023 EAST 63RD PLACE, SUITE 700
TULSA, OK 74133
* $ -1,000 1 $ 95,000
Lima One Capital, LLC
201 E. MCBEE AVE, SUITE 300
GREENVILLE, SC 29601
* $ -1,000 1 $ 75,000
Guild Mortgage Company
5898 COPLEY DRIVE
SAN DIEGO, CA 92111
* $ -1,000 1 $ 155,000
First Community Mortgage, Inc.
275 ROBERT ROSE DRIVE
MURFREESBORO, TN 37129
* $ -1,000 1 $ 125,000
Gateway First Bank
244 SOUTH GATEWAY PLACE
JENKS, OK 74037
* $ -1,000 1 $ 185,000
First Alliance Credit Union
320 ALLIANCE PL NE
ROCHESTER, MN 55904
* $ 193,056,000 1 $ 65,000
Shoreham Bank
ONE HOME LOAN PLAZA
WARWICK, RI 02886
* $ 302,006,000 1 $ 25,000
Centier Bank
600 E 84TH AVENUE
MERRILLVILLE, IN 46410
* $ 4,426,972,000 1 $ 75,000
Axia Financial LLC
1120 112TH AVE NE STE 600
BELLEVUE, WA 98004
* $ -1,000 1 $ 75,000
Denver Savings Bank
121 S. STATE STREET
DENVER, IA 50622
* $ 179,866,000 1 $ 225,000
United Community Bank
104 N MACOUPIN
CHATHAM, IL 62629
* $ 2,077,491,000 1 $ 135,000
Peoples State Bank
P O BOX 1686, 1905 STEWART AVE
WAUSAU, WI 54402
* $ 915,938,000 1 $ 2,525,000
First National Bank
125 WEST SIOUX AVE
PIERRE, SD 57501
* $ 997,633,000 1 $ 115,000
Firefly
1400 RIVERWOOD DR
BURNSVILLE, MN 55337
* $ 1,282,907,000 1 $ 5,000
Finance of America Commercial LLC
6230 FAIRVIEW ROAD, SUITE 300
CHARLOTTE, NC 28210
* $ -1,000 1 $ 55,000
Longbridge Financial, LLC
1 INTERNATIONAL BOULEVARD, SUITE 900
MAHWAH, NJ 07495
* $ -1,000 1 $ 45,000
The Money Source Inc.
135 MAXESS ROAD
NEW YORK, NY 11747
* $ -1,000 1 $ 115,000
Wings Financial Credit Union
14985 GLAZIER AVENUE
APPLE VALLEY, MN 55124
* $ 5,065,189,000 1 $ 105,000
Cherry Creek Mortgage, LLC
7600 E ORCHARD ROAD, SUITE 250 -N
WILMINGTON, DE 80111
* $ -1,000 1 $ 305,000
Capital One, National Association
7933 PRESTON ROAD
PLANO, TX 75024
* $ 304,657,685,000 1 $ 2,935,000
Open Mortgage, LLC

RICHARDSON, TX 75080
* $ -1,000 1 $ 95,000
Citizens Bancshares of Woodville, Inc.
375 STAGELINE RD PO BOX 247
HUDSON, WI 54016
* $ 209,945,000 1 $ 55,000
Gnb Bank
529 G AVENUE
GRUNDY CENTER, IA 50638
* $ 561,866,000 1 $ 115,000
Chou Team Realty, LLC
25391 COMMERCENTRE DRIVE
LAKE FOREST, CA 92630
* $ -1,000 1 $ 185,000
Midfirst Bank
501 NW GRAND BLVD
OKLAHOMA CITY, OK 73118
* $ 17,230,779,000 1 $ 135,000
Sofi Lending Corp.
375 HEALDSBURG AVENUE, SUITE 280
SACRAMENTO, CA 95448
* $ -1,000 1 $ 105,000
American Neighborhood Mortgage Acceptance Company
700 EAST GATE DRIVE, SUITE 400
MT. LAUREL, NJ 08054
* $ -1,000 1 $ 135,000
Bankvista
125 TWIN RIVERS CT
SARTELL, MN 56377
* $ 302,011,000 1 $ 155,000
Planet Home Lending, LLC
321 RESEARCH PARKWAY SUITE 303
MERIDEN, CT 06450
* $ -1,000 1 $ 95,000
Veridian Credit Union
1827 ANSBOROUGH AVE
WATERLOO, IA 50701
* $ 4,145,422,000 1 $ 35,000
American Internet Mortgage, Inc.
4121 CAMINO DEL RIO SOUTH
SAN DIEGO, CA 92108
* $ -1,000 1 $ 115,000
The Federal Savings Bank
300 N ELIZABETH STREET, STE 3E
CHICAGO, IL 60639
* $ 395,677,000 1 $ 215,000

The tables below break down 2019 mortgage applications in Mower 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 Mower County, MN in 2019

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 793 $110,465,000 $139,000 $2,955,000 $67,000 $930,000
Refinancing 227 $31,935,000 $140,000 $515,000 $90,000 $950,000
Cash-out Refinancing 223 $29,995,000 $134,000 $405,000 $81,000 $712,000
Home Improvement 98 $5,000,000 $51,000 $305,000 $88,000 $700,000
Other Purpose 53 $2,985,000 $56,000 $285,000 $78,000 $175,000
Not Applicable 33 $2,655,000 $80,000 $195,000 $79,000 $79,000

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 990 $123,050,000 $124,000 $795,000 $80,000 $950,000
Not applicable 152 $28,920,000 $190,000 $2,955,000 $57,000 $95,000
Not Provided 93 $11,265,000 $121,000 $505,000 $80,000 $255,000
Hispanic 87 $9,095,000 $104,000 $325,000 $53,000 $143,000
Asian 57 $5,765,000 $101,000 $235,000 $41,000 $154,000
Black or African American 37 $4,055,000 $109,000 $275,000 $54,000 $196,000
Native Hawaiian or Other Pacific Islander 3 $275,000 $91,000 $115,000 $38,000 $45,000
American Indian or Alaskan Native 2 $260,000 $130,000 $145,000 $47,000 $57,000

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) 1,004 $130,530,000 $130,000 $2,955,000 $82,000 $950,000
FHA-insured (Federal Housing Administration) 305 $34,165,000 $112,000 $325,000 $53,000 $600,000
VA-guaranteed (Veterans Administration) 92 $15,410,000 $167,000 $365,000 $67,000 $198,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 26 $2,930,000 $112,000 $165,000 $47,000 $73,000

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 892 $121,050,000 $135,000 $2,955,000 $76,000 $950,000
Application Denied By Financial Institution 180 $16,520,000 $91,000 $485,000 $66,000 $600,000
Application Withdrawn By Applicant 167 $20,895,000 $125,000 $1,285,000 $84,000 $930,000
Loan Purchased By The Institution 147 $16,645,000 $113,000 $515,000 $62,000 $141,000
File Closed For Incompleteness 22 $3,060,000 $139,000 $365,000 $65,000 $135,000
Application Approved But Not Accepted 17 $4,725,000 $277,000 $2,525,000 $75,000 $121,000
Preapproval Approved but not Accepted 2 $140,000 $70,000 $75,000 $63,000 $89,000
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
Not applicable 1,210 $161,870,000 $133,000 $2,955,000 $76,000 $950,000
Debt-To-Income Ratio 67 $8,055,000 $120,000 $425,000 $75,000 $321,000
Credit History 64 $4,180,000 $65,000 $235,000 $67,000 $600,000
Collateral 40 $3,540,000 $88,000 $305,000 $74,000 $260,000
Credit Application Incomplete 16 $2,500,000 $156,000 $485,000 $73,000 $154,000
Unverifiable Information 12 $880,000 $73,000 $185,000 $84,000 $172,000
Other 10 $1,090,000 $109,000 $225,000 $54,000 $80,000
Insufficient Cash (Downpayment, Closing Cost) 7 $885,000 $126,000 $215,000 $52,000 $105,000
Employment History 1 $35,000 $35,000 $35,000 $62,000 $62,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

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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