Stevens County, MN Mortgage Lenders & HMDA Data, 2023
In 2023, lenders reported 189 mortgage applications in Stevens County, MN totaling $29.2 million, down 23% from 2022. The average application was for $154,000, and applicants reported an average income of $108,000. 77% of applications resulted in an originated loan and 5% were denied. The most active lender was Bremer Bank NA, with 31 applications, followed by Riverwood Bank and Affinity Plus Federal Credit Union.
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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 | 189 |
| Total Mortgage Loan Application Amount | $29,225,000 |
| Average Mortgage Loan Application Amount | $154,000 |
| Highest Mortgage Loan Application Amount | $2,005,000 |
| Average Applicant Income | $108,000 |
| Highest Applicant Income | $799,000 |
Top Mortgage Lenders in Stevens County, MN (2023)
Ranked by the number of mortgage applications each lender reported in Stevens County, MN in 2023.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Bremer Bank NA Saint Paul, MN |
31 | $4,035,000 | $130,000 | $113,000 |
| 2 | Riverwood Bank Baxter, MN |
19 | $2,605,000 | $137,000 | $103,000 |
| 3 | Affinity Plus Federal Credit Union Saint Paul, MN |
13 | $1,315,000 | $101,000 | $101,000 |
| 4 | BMO Harris Bank NA Chicago, IL |
10 | $750,000 | $75,000 | $97,000 |
| 5 | Dacotah Bank Aberdeen, SD |
9 | $1,915,000 | $212,000 | $103,000 |
| 6 | Homeowners Financial Group, LLC Scottsdale, AZ |
7 | $1,045,000 | $149,000 | $134,000 |
| 7 | Agcountry Farm Credit Services, Flca Fargo, ND |
7 | $2,395,000 | $342,000 | $327,000 |
| 8 | Community Development Bank, FSB Ogema, MN |
7 | $615,000 | $87,000 | $99,000 |
| 9 | Wells Fargo Bank NA Minneapolis, MN |
6 | $940,000 | $156,000 | $108,000 |
| 10 | PennyMac Loan Services LLC Westlake Village, CA |
5 | $1,155,000 | $231,000 | $217,000 |
The tables below break down 2023 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 2023
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 | 99 | $16,895,000 | $170,000 | $565,000 | $98,000 | $436,000 |
| Other Purpose | 32 | $4,490,000 | $140,000 | $2,005,000 | $104,000 | $398,000 |
| Home Improvement | 21 | $2,215,000 | $105,000 | $455,000 | $161,000 | $799,000 |
| Cash-out Refinancing | 19 | $3,345,000 | $176,000 | $435,000 | $121,000 | $553,000 |
| Refinancing | 18 | $2,280,000 | $126,000 | $385,000 | $84,000 | $264,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 151 | $23,945,000 | $158,000 | $2,005,000 | $112,000 | $799,000 |
| Hispanic | 19 | $2,485,000 | $130,000 | $305,000 | $61,000 | $181,000 |
| Not applicable | 9 | $1,665,000 | $185,000 | $385,000 | $0 | $0 |
| Not Provided | 7 | $735,000 | $105,000 | $215,000 | $160,000 | $398,000 |
| American Indian or Alaskan Native | 2 | $210,000 | $105,000 | $115,000 | $62,000 | $82,000 |
| Asian | 1 | $185,000 | $185,000 | $185,000 | $72,000 | $72,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 165 | $25,505,000 | $154,000 | $2,005,000 | $113,000 | $799,000 |
| FHA-insured (Federal Housing Administration) | 16 | $2,290,000 | $143,000 | $225,000 | $69,000 | $143,000 |
| VA-guaranteed (Veterans Administration) | 7 | $1,305,000 | $186,000 | $295,000 | $75,000 | $99,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $125,000 | $125,000 | $125,000 | $76,000 | $76,000 |
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 | 146 | $20,620,000 | $141,000 | $565,000 | $108,000 | $553,000 |
| Application Withdrawn By Applicant | 14 | $2,290,000 | $163,000 | $455,000 | $152,000 | $799,000 |
| Loan Purchased By The Institution | 10 | $2,100,000 | $210,000 | $385,000 | $52,000 | $56,000 |
| Application Denied By Financial Institution | 9 | $3,395,000 | $377,000 | $2,005,000 | $77,000 | $126,000 |
| Application Approved But Not Accepted | 5 | $595,000 | $119,000 | $195,000 | $58,000 | $143,000 |
| File Closed For Incompleteness | 5 | $225,000 | $45,000 | $75,000 | $107,000 | $300,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 172 | $25,350,000 | $147,000 | $565,000 | $111,000 | $799,000 |
| Debt-To-Income Ratio | 12 | $3,050,000 | $254,000 | $2,005,000 | $72,000 | $126,000 |
| Collateral | 2 | $370,000 | $185,000 | $215,000 | $87,000 | $118,000 |
| Other | 1 | $15,000 | $15,000 | $15,000 | $48,000 | $48,000 |
| Employment History | 1 | $305,000 | $305,000 | $305,000 | $55,000 | $55,000 |
| Credit History | 1 | $135,000 | $135,000 | $135,000 | $82,000 | $82,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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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