PlainLender
2024 data HMDA 2024 disclosure official source

Cook County

232 mortgage applications, 7.8% denial rate. Verify FIPS 27031 with U.S. Census Bureau →

PlainLender home → About this data

Minnesota · FIPS 27031

Local mortgage market. Cook County, Minnesota saw 232 HMDA-reported mortgage applications in 2024. Lenders originated 141 of those loans and denied 18, producing a denial rate of 7.8% and an approval (origination) rate of 60.8%. The average loan amount was $276,293 at an average note rate of 7.05%, with applicants self-reporting average annual income of $35K. 44 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 7.9x, meaning typical borrowers took on mortgages of about 7.9 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 27031 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

232
Applications
141
Originated
7.8%
Denial Rate
60.8%
Approval Rate
$276,293
Avg Loan Amount
7.05%
Avg Interest Rate
$35K
Avg Applicant Income
7.9x
Loan-to-Income Ratio

Nearby Lenders in Cook 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 North Shore Federal Credit Union 46 32.6%
2 Barrington Bank & Trust Company, N.A. 10 7.1%
3 Bell Bank 8 5.7%
4 Park State Bank 8 5.7%
5 Northview Bank 7 5.0%
Compare North Shore Federal Credit Union vs Barrington Bank & Trust Company, N.A. →

Frequently Asked Questions

How many mortgage applications were filed in Cook County?
In the 2024 HMDA reporting year, 232 mortgage applications were filed in Cook County, Minnesota. Of these, 141 were originated (approved and funded), while 18 were denied, resulting in a denial rate of 7.8%.
What is the mortgage denial rate in Cook County?
The mortgage denial rate in Cook County is 7.8%. The approval (origination) rate is 60.8%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Cook County?
The average mortgage loan amount in Cook County is $276,293. The average interest rate is 7.050%. The average applicant income is $35K.
What is the loan-to-income ratio in Cook County?
The average loan-to-income ratio in Cook County is 7.9x, meaning borrowers took on loans averaging 7.9 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Cook County?
The top mortgage lenders in Cook County by origination volume are North Shore Federal Credit Union, Barrington Bank & Trust Company, N.A., Bell Bank. In total, 44 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.