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2024 data HMDA 2024 disclosure official source

Big Stone County

151 mortgage applications, 8.0% denial rate. Verify FIPS 27011 with U.S. Census Bureau →

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Minnesota · FIPS 27011

Local mortgage market. Big Stone County, Minnesota saw 151 HMDA-reported mortgage applications in 2024. Lenders originated 101 of those loans and denied 12, producing a denial rate of 8.0% and an approval (origination) rate of 66.9%. The average loan amount was $129,636 at an average note rate of 6.94%, with applicants self-reporting average annual income of $32K. 37 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 4.1x, meaning typical borrowers took on mortgages of about 4.1 times their annual income. That ratio is a rough affordability signal: higher multiples imply tighter monthly budgets and greater exposure to rate or income shocks. See our methodology for how to read the denial rate against a local applicant pool.

FIPS 27011 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

151
Applications
101
Originated
8.0%
Denial Rate
66.9%
Approval Rate
$129,636
Avg Loan Amount
6.94%
Avg Interest Rate
$32K
Avg Applicant Income
4.1x
Loan-to-Income Ratio

Nearby Lenders in Big Stone County

Top HMDA-reporting lenders active in this county. Compare any two side-by-side for rates, denial rates, and loan mix.

# Lender Originated Market Share
1 Minnwest Bank 18 17.8%
2 First Bank & Trust 17 16.8%
3 Frandsen Bank & Trust 15 14.9%
4 Guaranteed Rate, INC. 7 6.9%
5 Rocket Mortgage 6 5.9%
Compare Minnwest Bank vs First Bank & Trust →

Frequently Asked Questions

How many mortgage applications were filed in Big Stone County?
In the 2024 HMDA reporting year, 151 mortgage applications were filed in Big Stone County, Minnesota. Of these, 101 were originated (approved and funded), while 12 were denied, resulting in a denial rate of 8.0%.
What is the mortgage denial rate in Big Stone County?
The mortgage denial rate in Big Stone County is 8.0%. The approval (origination) rate is 66.9%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Big Stone County?
The average mortgage loan amount in Big Stone County is $129,636. The average interest rate is 6.942%. The average applicant income is $32K.
What is the loan-to-income ratio in Big Stone County?
The average loan-to-income ratio in Big Stone County is 4.1x, meaning borrowers took on loans averaging 4.1 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Big Stone County?
The top mortgage lenders in Big Stone County by origination volume are Minnwest Bank, First Bank & Trust, Frandsen Bank & Trust. In total, 37 lenders reported mortgage activity in this county.
Where does this mortgage data come from?
This data comes from the CFPB HMDA 2024 Snapshot National Loan-Level Dataset, a mandatory federal disclosure dataset covering all mortgage applications filed with HMDA-reporting institutions. County boundaries are identified by FIPS codes.

Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. County FIPS codes per U.S. Census Bureau standards.

Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.