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2024 data HMDA 2024 disclosure official source

Brown County

607 mortgage applications, 9.1% denial rate. Verify FIPS 27015 with U.S. Census Bureau →

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Minnesota · FIPS 27015

Local mortgage market. Brown County, Minnesota saw 607 HMDA-reported mortgage applications in 2024. Lenders originated 400 of those loans and denied 55, producing a denial rate of 9.1% and an approval (origination) rate of 65.9%. The average loan amount was $166,301 at an average note rate of 6.80%, with applicants self-reporting average annual income of $36K. 83 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 4.6x, meaning typical borrowers took on mortgages of about 4.6 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 27015 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

607
Applications
400
Originated
9.1%
Denial Rate
65.9%
Approval Rate
$166,301
Avg Loan Amount
6.80%
Avg Interest Rate
$36K
Avg Applicant Income
4.6x
Loan-to-Income Ratio

Nearby Lenders in Brown 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 SouthPoint Financial Credit Union 105 26.3%
2 Frandsen Bank & Trust 45 11.3%
3 Citizens Bank Minnesota 34 8.5%
4 Rocket Mortgage 19 4.8%
5 United Wholesale Mortgage 17 4.3%
Compare SouthPoint Financial Credit Union vs Frandsen Bank & Trust →

Frequently Asked Questions

How many mortgage applications were filed in Brown County?
In the 2024 HMDA reporting year, 607 mortgage applications were filed in Brown County, Minnesota. Of these, 400 were originated (approved and funded), while 55 were denied, resulting in a denial rate of 9.1%.
What is the mortgage denial rate in Brown County?
The mortgage denial rate in Brown County is 9.1%. The approval (origination) rate is 65.9%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Brown County?
The average mortgage loan amount in Brown County is $166,301. The average interest rate is 6.802%. The average applicant income is $36K.
What is the loan-to-income ratio in Brown County?
The average loan-to-income ratio in Brown County is 4.6x, meaning borrowers took on loans averaging 4.6 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Brown County?
The top mortgage lenders in Brown County by origination volume are SouthPoint Financial Credit Union, Frandsen Bank & Trust, Citizens Bank Minnesota. In total, 83 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.