Stevens County, MN Mortgage Lenders & HMDA Data, 2004
In 2004, lenders reported 422 mortgage applications in Stevens County, MN totaling $34.0 million, down 33% from 2003. The average application was for $80,000, and applicants reported an average income of $45,000. 50% of applications resulted in an originated loan and 13% were denied. The most active lender was Wells Fargo Bank, NA, with 86 applications, followed by Riverwood Bank and Principal Residential Mortgage.
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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 | 422 |
| Total Mortgage Loan Application Amount | $34,024,000 |
| Average Mortgage Loan Application Amount | $80,000 |
| Highest Mortgage Loan Application Amount | $520,000 |
| Average Applicant Income | $45,000 |
| Highest Applicant Income | $1,320,000 |
Top Mortgage Lenders in Stevens County, MN (2004)
Ranked by the number of mortgage applications each lender reported in Stevens County, MN in 2004.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Wells Fargo Bank, NA Des Moines, IA |
86 | $7,340,000 | $85,000 | $31,000 |
| 2 | Riverwood Bank Baxter, MN |
69 | $5,021,000 | $72,000 | $55,000 |
| 3 | Principal Residential Mortgage Long Island City, NY |
22 | $2,047,000 | $93,000 | $22,000 |
| 4 | Ameriquest Mortgage Company Orange, CA |
21 | $1,922,000 | $91,000 | $73,000 |
| 5 | Countrywide Home Loans Westlake Village, CA |
19 | $1,762,000 | $92,000 | $73,000 |
| 6 | Town & Country Credit Irvine, CA |
13 | $1,235,000 | $95,000 | $44,000 |
| 7 | Home Town Mortgage, Inc. Edina, MN |
10 | $838,000 | $83,000 | $74,000 |
| 8 | Affinity Plus Federal Credit Union Saint Paul, MN |
10 | $614,000 | $61,000 | $69,000 |
| 9 | Chase Manhattan Mortgage Corp. Iselin, NJ |
8 | $810,000 | $101,000 | $42,000 |
| 10 | Aurora Bank FSB New York, NY |
8 | $620,000 | $77,000 | $46,000 |
The tables below break down 2004 mortgage applications in Stevens 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 Stevens County, MN in 2004
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 | 266 | $22,461,000 | $84,000 | $272,000 | $44,000 | $1,320,000 |
| Home Purchase | 118 | $10,318,000 | $87,000 | $520,000 | $48,000 | $535,000 |
| Home Improvement | 38 | $1,245,000 | $32,000 | $150,000 | $49,000 | $112,000 |
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 | 322 | $25,842,000 | $80,000 | $520,000 | $49,000 | $535,000 |
| Not applicable | 46 | $3,875,000 | $84,000 | $242,000 | $13,000 | $98,000 |
| Not Provided | 43 | $3,253,000 | $75,000 | $146,000 | $53,000 | $1,320,000 |
| Hispanic | 7 | $541,000 | $77,000 | $242,000 | $36,000 | $90,000 |
| American Indian or Alaskan Native | 2 | $162,000 | $81,000 | $102,000 | $49,000 | $66,000 |
| Asian | 1 | $207,000 | $207,000 | $207,000 | $0 | $0 |
| Black or African American | 1 | $144,000 | $144,000 | $144,000 | $24,000 | $24,000 |
| 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) | 398 | $32,201,000 | $80,000 | $520,000 | $47,000 | $1,320,000 |
| FHA-insured (Federal Housing Administration) | 12 | $814,000 | $67,000 | $140,000 | $26,000 | $66,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 10 | $847,000 | $84,000 | $111,000 | $30,000 | $48,000 |
| VA-guaranteed (Veterans Administration) | 2 | $162,000 | $81,000 | $107,000 | $9,000 | $18,000 |
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 | 212 | $17,485,000 | $82,000 | $520,000 | $53,000 | $339,000 |
| Loan Purchased By The Institution | 66 | $5,587,000 | $84,000 | $242,000 | $30,000 | $535,000 |
| Application Denied By Financial Institution | 55 | $3,527,000 | $64,000 | $155,000 | $39,000 | $120,000 |
| Application Withdrawn By Applicant | 53 | $4,469,000 | $84,000 | $247,000 | $47,000 | $216,000 |
| File Closed For Incompleteness | 19 | $1,696,000 | $89,000 | $140,000 | $78,000 | $1,320,000 |
| Application Approved But Not Accepted | 17 | $1,260,000 | $74,000 | $146,000 | $37,000 | $71,000 |
| 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 | 14 | $968,000 | $69,000 | $155,000 | $32,000 | $79,000 |
| Collateral | 11 | $742,000 | $67,000 | $115,000 | $49,000 | $120,000 |
| Other | 8 | $500,000 | $62,000 | $96,000 | $33,000 | $57,000 |
| Credit Application Incomplete | 6 | $347,000 | $57,000 | $111,000 | $36,000 | $48,000 |
| Debt-To-Income Ratio | 4 | $226,000 | $56,000 | $80,000 | $25,000 | $58,000 |
| Employment History | 1 | $60,000 | $60,000 | $60,000 | $23,000 | $23,000 |
| Unverifiable Information | 1 | $106,000 | $106,000 | $106,000 | $60,000 | $60,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $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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