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2024 data HMDA 2024 disclosure official source

Cass County

1,120 mortgage applications, 13.7% denial rate. Verify FIPS 27021 with U.S. Census Bureau →

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Minnesota · FIPS 27021

Local mortgage market. Cass County, Minnesota saw 1,120 HMDA-reported mortgage applications in 2024. Lenders originated 673 of those loans and denied 153, producing a denial rate of 13.7% and an approval (origination) rate of 60.1%. The average loan amount was $253,786 at an average note rate of 7.18%, with applicants self-reporting average annual income of $37K. 143 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 6.9x, meaning typical borrowers took on mortgages of about 6.9 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 27021 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,120
Applications
673
Originated
13.7%
Denial Rate
60.1%
Approval Rate
$253,786
Avg Loan Amount
7.18%
Avg Interest Rate
$37K
Avg Applicant Income
6.9x
Loan-to-Income Ratio

Nearby Lenders in Cass 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 Affinity Plus Federal Credit Union 37 5.5%
2 Us Bank, N.A. 36 5.3%
3 Rocket Mortgage 29 4.3%
4 Deerwood Bank 28 4.2%
5 Merchants Bank, National Association 23 3.4%
Compare Affinity Plus Federal Credit Union vs Us Bank, N.A. →

Frequently Asked Questions

How many mortgage applications were filed in Cass County?
In the 2024 HMDA reporting year, 1,120 mortgage applications were filed in Cass County, Minnesota. Of these, 673 were originated (approved and funded), while 153 were denied, resulting in a denial rate of 13.7%.
What is the mortgage denial rate in Cass County?
The mortgage denial rate in Cass County is 13.7%. The approval (origination) rate is 60.1%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Cass County?
The average mortgage loan amount in Cass County is $253,786. The average interest rate is 7.178%. The average applicant income is $37K.
What is the loan-to-income ratio in Cass County?
The average loan-to-income ratio in Cass County is 6.9x, meaning borrowers took on loans averaging 6.9 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Cass County?
The top mortgage lenders in Cass County by origination volume are Affinity Plus Federal Credit Union, Us Bank, N.A., Rocket Mortgage. In total, 143 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.