Fillmore County
Minnesota · FIPS 27045
According to CFPB HMDA 2024 application volume among U.S. counties, Fillmore County ranks #1,863 of 3,210, and #47 of 87 in Minnesota.
Mortgage lending activity in Fillmore County, Minnesota based on lender filings under the Home Mortgage Disclosure Act (HMDA). Data covers all applications received by HMDA-reporting institutions operating in this county during 2024. Why mortgages get denied walks the denial-reason codes that appear in books like this one.
Local mortgage market. Fillmore County, Minnesota saw 607 HMDA-reported mortgage applications in 2024. Lenders originated 390 of those loans and denied 81, producing a denial rate of 13.3% and an approval (origination) rate of 64.3%. The average loan amount was $158,163 at an average note rate of 6.97%, with applicants self-reporting average annual income of $36K. 73 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 4.4x, meaning typical borrowers took on mortgages of about 4.4 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. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Fillmore County
In Fillmore County, lead originator Merchants Bank, National Association funded 16.4% of 390 originated loans, in the middle tercile of U.S. counties (~10.9-16.7% top-1). The top three reporters together hold 32.1% of the book; a local credit union or regional bank still sits beside the national wholesalers.
Counties With Similar Application Volume
Nationwide counties nearest to Fillmore County's 607 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Fillmore County's $158,163 average loan (deduped against volume peers).
Lenders active in Fillmore County
Merchants Bank, National Association funded 64 of the 390 loans originated in Fillmore County, 16.4% of the county. 73 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | Merchants Bank, National Association | 64 | 16.4% |
| 2 | Alerus Financial NA | 33 | 8.5% |
| 3 | Altra Federal Credit Union | 28 | 7.2% |
| 4 | F & M Community Bank, N.A. | 22 | 5.6% |
| 5 | Rocket Mortgage | 17 | 4.4% |
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; does not constitute financial advice for Fillmore County borrowers.
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 Fillmore County 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. Data current as of 2026-08-10. HMDA figures are lender-filed application outcomes for a published reporting year - not creditworthiness scores, rate quotes, Loan Estimates, underwriting decisions, or mortgage advice.