Pennington County, MN Mortgage Lenders & HMDA Data, 2020

In 2020, lenders reported 623 mortgage applications in Pennington County, MN totaling $99.5 million, up 33% from 2019. The average application was for $159,000, and applicants reported an average income of $82,000. 70% of applications resulted in an originated loan and 7% were denied. The most active lender was Border Bank, with 110 applications, followed by American Bank of the North 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 623
Total Mortgage Loan Application Amount $99,455,000
Average Mortgage Loan Application Amount $159,000
Highest Mortgage Loan Application Amount $3,195,000
Average Applicant Income $82,000
Highest Applicant Income $565,000

Mortgage Company List for Lending in Pennington County, MN for 2020

* 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
Border Bank
133 MAIN STREET N
GREENBUSH, MN 56726
* $ 632,848,000 110 $ 13,730,000
American Bank of the North
117 CENTRAL AVENUE
NASHWAUK, MN 55769
* $ 529,062,000 61 $ 10,835,000
Wells Fargo Bank NA

MINNEAPOLIS, MN 55415
* $ 1,712,919,000,000 39 $ 5,685,000
New American Funding, Llc.
14511 MYFORD ROAD, SUITE 100
TUSTIN, CA 92780
* $ -1,000 33 $ 4,595,000
Wings Financial Credit Union
14985 GLAZIER AVENUE
APPLE VALLEY, MN 55124
* $ 5,633,125,000 27 $ 3,155,000
US Bank, N.A.
425 WALNUT STREET
CINCINNATI, OH 45202
* $ 486,004,220,000 23 $ 3,235,000
Freedom Mortgage Corporation
951 YAMATO ROAD SUITE 175
BOCA RATON, FL 33431
* $ -1,000 19 $ 2,935,000
PennyMac Loan Services LLC
3043 TOWNSGATE ROAD
WESTLAKE VILLAGE, CA 91361
* $ -1,000 18 $ 2,950,000
First Community Mortgage, Inc.
275 ROBERT ROSE DRIVE
MURFREESBORO, TN 37129
* $ -1,000 13 $ 1,985,000
United Wholesale Mortgage
40600 ANN ARBOR RD E STE 201
PLYMOUTH, MI 48170
* $ -1,000 12 $ 2,230,000
Affinity Plus Federal Credit Union
175 WEST LAFAYETTE FRONTAGE ROAD
SAINT PAUL, MN 55107
* $ 2,399,512,000 11 $ 1,355,000
Caliber Home Loans, Inc.
1525 S. BELTLINE ROAD
WILMINGTON, DE 75019
* $ -1,000 10 $ 1,960,000
Barrington Bank & Trust Company, N.A.
201 SOUTH HOUGH STREET
BARRINGTON, IL 60010
* $ 2,445,435,000 10 $ 1,880,000
Gate City Bank
500 2ND AVE N
FARGO, ND 58102
* $ 2,380,296,000 10 $ 1,680,000
Border Bank
4530 17TH AVENUE SOUTH
FARGO, ND 58103
* $ 109,857,000 8 $ 1,070,000
loanDepot.com LLC
6561 IRVINE CENTER DRIVE
IRVINE, CA 92618
* $ -1,000 8 $ 1,020,000
Unity Bank
207 W LINCOLN ST
AUGUSTA, WI 54722
* $ 527,192,000 8 $ 870,000
Mortgage Research Center
1400 VETERANS UNITED DR.
COLUMBIA, MO 65203
* $ -1,000 6 $ 1,590,000
JPMorgan Chase Bank, NA
1111 POLARIS PARKWAY
COLUMBUS, OH 43240
* $ 2,337,646,000,000 5 $ 615,000
Valley Mortgage, Inc.
3315 45TH ST S, SUITE 200
FARGO, ND 58104
* $ -1,000 5 $ 935,000
Newrez LLC

FORT WASHINGTON, PA 19034
* $ -1,000 5 $ 1,155,000
Triad Financial Services, Inc.
13901 SUTTON PARK DRIVE SOUTH, SUITE 300
JACKSONVILLE, FL 32224
* $ -1,000 5 $ 305,000
Bremer Bank NA
372 SAINT PETER STREET
SAINT PAUL, MN 55102
* $ 13,105,582,000 5 $ 485,000
Amerihome Mortgage Company, LLC
1 BAXTER WAY SUITE 300
THOUSAND OAKS, CA 91362
* $ -1,000 4 $ 690,000
Frandsen Bank & Trust
116 CENTRAL STREET WEST
LONSDALE, MN 55046
* $ 1,708,246,000 4 $ 660,000
Nationstar Mortgage
8950 CYPRESS WATERS BLVD.
COPPELL, TX 75019
* $ -1,000 4 $ 490,000
Home Point Financial Corporation
1194 OAK VALLEY DRIVE, SUITE 80
ANN ARBOR, MI 48108
* $ -1,000 4 $ 650,000
American Federal Bank
215 N 5TH ST
FARGO, ND 58102
* $ 628,546,000 3 $ 135,000
Flagstar Bank NA

TROY, MI 49098
* $ 23,234,514,000 3 $ 505,000
Centier Bank
600 E 84TH AVENUE
MERRILLVILLE, IN 46410
* $ 4,694,690,000 3 $ 135,000
Navy Federal Credit Union
820 FOLLIN LANE
VIENNA, VA 22180
* $ 111,986,078,000 3 $ 585,000
Amerisave Mortgage Company
1200 ALTMORE AVENUE BUILDING 2 SUITE 300
SANDY SPRINGS, GA 30342
* $ -1,000 3 $ 565,000
Florida Capital Bank, N.A
10151 DEERWOOD PARK BLVD. BLDG. 100 #200
JACKSONVILLE, FL 32256
* $ 496,400,000 3 $ 645,000
Carrington Mortgage Services LLC
500 NORTH STATE COLLEGE BOULEVARD SUITES 1030, 1300 AND 1400
ORANGE, CA 92868
* $ -1,000 3 $ 405,000
Luminate Home Loans, Inc.
2523 WAYZATA BLVD SUITE 200
MINNEAPOLIS, MN 55405
* $ -1,000 3 $ 785,000
Magnifi Financial Credit Union
20 4TH AVE SE
MELROSE, MN 56352
* $ 1,201,922,000 3 $ 595,000
Bank Forward
390 WHEAT STREET, PO BOX 100
FARGO, ND 58104
* $ 717,012,000 3 $ 655,000
Crescent Mortgage Company

MORGANTOWN, WV 26505
* $ -1,000 3 $ 565,000
Paramount Residential Mortgage
1265 CORONA POINTE CT SUITE 301
CORONA, CA 92879
* $ -1,000 3 $ 545,000
21st Mortgage
620 MARKET ST SUITE 100
KNOXVILLE, TN 37902
* $ -1,000 2 $ 80,000
New Day Financial, Llc.
360 SOUTH ROSEMARY AVENUE SUITE 1900
WEST PALM BEACH, FL 33401
* $ -1,000 2 $ 300,000
Woodlands National Bank
122 EAST MAIN STREET P.O. BOX 190
HINCKLEY, MN 55037
* $ -1,000 2 $ 290,000
Cambria Financial Group
11000 W 78TH STREET, SUITE 300
EDEN PRAIRIE, MN 55344
* $ -1,000 2 $ 370,000
Hiway Credit Union
111 EMPIRE DRIVE
SAINT PAUL, MN 55103
* $ 1,237,913,000 2 $ 430,000
Alerus Financial NA
PO BOX 6001
GRAND FORKS, ND 58206
* $ 2,354,874,000 2 $ 330,000
American Advisors Group
3800 W.CHAPMAN SUITE 300
ORANGE, CA 92868
* $ -1,000 2 $ 140,000
Crosscountry Mortgage, LLC
2160 SUPERIOR AVENUE
CLEVELAND, OH 44114
* $ -1,000 2 $ 350,000
Trustone Financial Credit Union
14601 27TH AVENUE NORTH
PLYMOUTH, MN 55447
* $ 1,553,647,000 2 $ 190,000
American Financing Corporation
3045 S PARKER RD BUILDING B
AURORA, CO 80014
* $ -1,000 2 $ 230,000
Discover Bank
12 READS WAY
GREENWOOD, DE 19950
* $ 112,384,202,000 2 $ 150,000
North American Savings Bank
12498 S 71 HIGHWAY
GRANDVIEW, MO 64030
* $ 2,503,779,000 2 $ 440,000
Everett Financial, Inc.
14801 QUORUM DRIVE, SUITE 300
DALLAS, TX 75254
* $ -1,000 2 $ 270,000
Results Mortgage, LLC
11200 WEST 78TH STREET, SUITE 50
EDEN PRAIRIE, MN 55344
* $ -1,000 2 $ 90,000
Flanagan State Bank
301 W FALCON HWY
FLANAGAN, IL 61740
* $ 191,043,000 1 $ 145,000
Ruoff Mortgage Company
1700 MAGNAVOX WAY SUITE 220
FORT WAYNE, IN 46804
* $ -1,000 1 $ 155,000
Magnolia Bank
PO BOX 188
HODGENVILLE, KY 42748
* $ 313,272,000 1 $ 125,000
The Money Source Inc.
135 MAXESS ROAD
NEW YORK, NY 11747
* $ -1,000 1 $ 185,000
Gold Star Mortgage Financial Group, Corporation
2350 GREEN ROAD SUITE 100B
ANN ARBOR, MI 48105
* $ -1,000 1 $ 145,000
Members Cooperative Credit Union
4628 MIKE COLALILLO DR
DULUTH, MN 55816
* $ 796,073,000 1 $ 85,000
Open Mortgage, LLC

RICHARDSON, TX 75080
* $ -1,000 1 $ 135,000
Churchill Mortgage Corporation
761 OLD HICKORY BLVD SUITE 400
BRENTWOOD, TN 37027
* $ -1,000 1 $ 205,000
Servion
500 MAIN STREET
NEW BRIGHTON, MN 55112
* $ -1,000 1 $ 175,000
Numark Credit Union
1654 TERRY DR; P O BOX 2729
JOLIET, IL 60434
* $ 272,114,000 1 $ 65,000
Riverwood Bank
14540 DELLWOOD DR PO BOX 2947
BAXTER, MN 56425
* $ 445,320,000 1 $ 3,195,000
Sofi Lending Corp.
375 HEALDSBURG AVENUE, SUITE 280
SACRAMENTO, CA 95448
* $ -1,000 1 $ 155,000
Inb, National Association
322 E. CAPITOL
SPRINGFIELD, IL 62701
* $ 1,156,171,000 1 $ 75,000
Blackridgebank
4040 42ND ST SW, SUITE O
FARGO, ND 58104
* $ 484,305,000 1 $ 315,000
Mutual of Omaha Mortgage

LOMBARD, IL 60148
* $ -1,000 1 $ 175,000
Royal United Mortgage LLC
7999 KNUE RD. STE 300
INDIANAPOLIS, IN 46256
* $ -1,000 1 $ 115,000
Arvest Bank

TULSA, OK 74103
* $ 19,445,554,000 1 $ 305,000
Homeowners Financial Group, LLC
16427 N. SCOTTSDALE ROAD, SUITE 145
SCOTTSDALE, AZ 85251
* $ -1,000 1 $ 75,000
Cardinal Financial Company, Li
3530 TORINGDON WAY STE 200
CHARLOTTE, NC 28277
* $ -1,000 1 $ 205,000
Oceanside Mortgage Company
55 MAIN ST
TOMS RIVER, NJ 08753
* $ -1,000 1 $ 145,000
Figure Lending LLC

SAN FRANCISCO, CA 94108
* $ -1,000 1 $ 15,000
Empeople Credit Union
3950 38TH AVENUE
MOLINE, IL 61265
* $ 1,131,130,000 1 $ 285,000
Ark-La-Tex Financial Services LLC
5160 TENNYSON PKWY STE 1000
PLANO, TX 75024
* $ -1,000 1 $ 205,000
Pentagon Federal Credit Union

OMAHA, NE 68164
* $ 24,774,361,000 1 $ 125,000
Truist Bank
3100 SMOKETREE CT FL 5
RALEIGH, NC 27604
* $ 461,256,000,000 1 $ 165,000
Leaderone Financial Corp.
7500 COLLEGE BLVD SUITE 1150
OVERLAND PARK, KS 66210
* $ -1,000 1 $ 155,000
Community Mortgage Funding, LLC
3201 WEST TEMPLE AVE, SUITE 120
POMONA, CA 91768
* $ -1,000 1 $ 75,000
American Internet Mortgage, Inc.
4121 CAMINO DEL RIO SOUTH
SAN DIEGO, CA 92108
* $ -1,000 1 $ 125,000
Midfirst Bank
501 NW GRAND BLVD
OKLAHOMA CITY, OK 73118
* $ 22,986,309,000 1 $ 215,000
Citizens Bank, NA
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903
* $ 165,742,416,000 1 $ 185,000
Weichert Financial Services
225 LITTLETON ROAD
MORRIS PLAINS, NJ 07950
* $ -1,000 1 $ 215,000
Texas Capital Bank, National Association
2000 MCKINNEY AVE SUITE 700
DALLAS, TX 75201
* $ 32,529,274,000 1 $ 115,000
Heritage Bank NA
100 SOUTH STREET W
SPICER, MN 56288
* $ 403,053,000 1 $ 155,000
Plaza Home Mortgage, Inc
4820 EASTGATE MALL, STE 100
SAN DIEGO, CA 92121
* $ -1,000 1 $ 195,000
M&T Bank
701 SENECA STREET - SUITE 330N
BUFFALO, NY 14203
* $ 119,432,105,000 1 $ 225,000
Tcf National Bank
2508 LOUISE AVE S (PCC-2E-L)
SIOUX FALLS, SD 57106
* $ 46,627,366,000 1 $ 125,000
Towne Mortgage Company
888 WEST BIG BEAVER ROAD SUITE 310
TROY, MI 48084
* $ -1,000 1 $ 215,000
Megastar Finanacial Corp
1080 CHEROKEE STREET
DENVER, CO 80204
* $ -1,000 1 $ 135,000
Liberty Bank Minnesota
111 7TH AVE S
ST CLOUD, MN 56301
* $ 218,686,000 1 $ 135,000
Guaranteed Rate Affinity, LLC
1800 WEST LARCHMONT AVE
CHICAGO, IL 60613
* $ -1,000 1 $ 255,000
Primelending
18111 PRESTON ROAD SUITE 900
DALLAS, TX 75252
* $ -1,000 1 $ 225,000
First Community Credit Union
111 9TH ST SW
JAMESTOWN, ND 58401
* $ 850,203,000 1 $ 165,000
Primary Residential Mortgage, Inc.
1480 N 2200 W
SALT LAKE CITY, UT 84116
* $ -1,000 1 $ 245,000
Finance of America Mortgage LLC
300 WELSH ROAD BUILDING 5
WILMINGTON, DE 19044
* $ -1,000 1 $ 205,000
Kirkwood Bank & Trust Co.
2911 N 14TH STREET
BISMARCK, ND 58503
* $ 246,223,000 1 $ 185,000
Northview Bank
510 MAIN STREET
SANDSTONE, MN 55072
* $ 327,028,000 1 $ 2,805,000
Bank of England
PO BOX 70
ENGLAND, AR 72046
* $ 464,504,000 1 $ 185,000
Bell Bank
3100 13TH AVE S
FARGO, ND 58103
* $ 6,492,180,000 1 $ 245,000
Vanderbilt Mortgage and Finance, Inc
500 ALCOA TRAIL
MARYVILLE, TN 37804
* $ -1,000 1 $ 105,000
Midcountry Bank
7825 WASHINGTON AVE. S., STE. 120
BLOOMINGTON, MN 55439
* $ 762,344,000 1 $ 865,000

The tables below break down 2020 mortgage applications in Pennington 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 Pennington County, MN in 2020

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 259 $41,045,000 $158,000 $2,805,000 $69,000 $335,000
Refinancing 207 $37,765,000 $182,000 $3,195,000 $92,000 $300,000
Cash-out Refinancing 114 $17,550,000 $153,000 $665,000 $88,000 $278,000
Home Improvement 21 $1,045,000 $49,000 $165,000 $80,000 $167,000
Not Applicable 12 $1,370,000 $114,000 $225,000 $0 $0
Other Purpose 10 $680,000 $68,000 $135,000 $137,000 $565,000

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 460 $68,810,000 $149,000 $665,000 $82,000 $565,000
Not applicable 77 $18,635,000 $242,000 $3,195,000 $65,000 $105,000
Not Provided 64 $9,660,000 $150,000 $345,000 $87,000 $250,000
Hispanic 11 $945,000 $85,000 $225,000 $61,000 $92,000
American Indian or Alaskan Native 5 $615,000 $123,000 $215,000 $89,000 $113,000
Black or African American 3 $305,000 $101,000 $175,000 $81,000 $135,000
Asian 2 $320,000 $160,000 $175,000 $69,000 $74,000
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) 465 $75,905,000 $163,000 $3,195,000 $87,000 $565,000
FHA-insured (Federal Housing Administration) 70 $9,510,000 $135,000 $225,000 $49,000 $113,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 47 $6,395,000 $136,000 $275,000 $53,000 $93,000
VA-guaranteed (Veterans Administration) 41 $7,645,000 $186,000 $665,000 $118,000 $278,000

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 434 $71,140,000 $163,000 $3,195,000 $82,000 $335,000
Loan Purchased By The Institution 73 $11,075,000 $151,000 $315,000 $65,000 $114,000
Application Withdrawn By Applicant 47 $8,205,000 $174,000 $335,000 $92,000 $259,000
Application Denied By Financial Institution 41 $5,185,000 $126,000 $665,000 $67,000 $300,000
File Closed For Incompleteness 15 $2,455,000 $163,000 $285,000 $128,000 $565,000
Application Approved But Not Accepted 11 $1,045,000 $95,000 $205,000 $62,000 $111,000
Preapproval Approved but not Accepted 2 $350,000 $175,000 $205,000 $78,000 $83,000
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 392 $64,320,000 $164,000 $3,195,000 $82,000 $565,000
Debt-To-Income Ratio 198 $30,990,000 $156,000 $2,805,000 $85,000 $335,000
Credit History 10 $710,000 $71,000 $205,000 $55,000 $90,000
Credit Application Incomplete 6 $910,000 $151,000 $305,000 $119,000 $300,000
Other 6 $1,140,000 $190,000 $665,000 $85,000 $278,000
Collateral 5 $605,000 $121,000 $165,000 $60,000 $87,000
Unverifiable Information 3 $285,000 $95,000 $155,000 $33,000 $38,000
Insufficient Cash (Downpayment, Closing Cost) 2 $180,000 $90,000 $155,000 $35,000 $43,000
Employment History 1 $315,000 $315,000 $315,000 $0 $0
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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